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Inflation reaches 5.24%

June 23, 2006 13:21 IST
Source:PTI

Inflation shot up to 5.24 per cent for the week ended June 10 from previous week's 4.72 per cent mainly due to spurt in the prices of fuel, food and manufactured items.

The wholesale price-based inflation rose by 0.52 per cent during the week under review as essential items like wheat, pulses, sugar, vegetables, some edible oils and, petrol and diesel became costlier, hitting the pockets of common man.

The inflation rate was lower at 4.5 per cent during the corresponding week last year.

The wholesale price index for all commodities was up by 0.5 per cent to 203 points and it was 192 points in the year ago period.

Sensing trouble after prices of essential items skyrocketed, the government yesterday removed restrictions on import of wheat, pulses and sugar as short supply of these items were blamed for the recent price rise.

Vegetable prices also shot up during the period due to seasonal factors, leading to demand-supply mismatch.

Government revised the final inflation figure to 3.7 per cent for the week-ended April 15 from the provisional 3.55 per cent while the WPI stood corrected at 198.8 points as against the earlier estimate of 198.5 points.

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Source: PTI
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