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Inflation steady at 4.2%

May 21, 2004 12:56 IST
Source:PTI

In tune with the Reserve Bank of India's expectation of moderate inflation this year, the general price level stood unchanged at the previous week's figure of 4.2 per cent for the week ended May 8, even as the prices of atta, maida, rawa & condiments and spices fell.

The point-to-point wholesale price index inflation stood firm despite the increasing prices of wheat, eggs and some edible oils. The index was at 6.76 per cent in the year-ago period.

The WPI also stood firm at 181.1 points during the latest reported week with fuel prices remaining firm despite the oil prices touching a 13-year high of over $40 a barrel in the global market mainly due to security threats at Saudi Arabia's oil installations. The index was at 173.8 points in the previous year period.

The final inflation and WPI for the week ended March 13 were unaltered at provisional levels of 4.78 per cent and 179.7 points.

The index of primary articles' group was down marginally by 0.1 per cent to 183.8 points despite prices of food items remaining firm while the non-food articles became cheaper. The index was at 180.9 points in the year-ago period.

Food articles' group index remained unchanged at previous week's level of 182.6 points even as there was a two per cent price rise for eggs and one per cent for wheat, while prices fell for barley (four per cent), condiments and spices (two per cent) and masur (one per cent).

Source: PTI
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