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Inflation rises to 4.67%

May 28, 2004 12:44 IST
Source:PTI

The United Progressive Alliance government's commitment to keep the price rise under check notwithstanding, inflation rose by 0.47 per cent to 4.67 per cent for the week ended May 15 due to surging prices of mass consumption items like vegetables, milk and edible oils.

The point-to-point wholesale price index inflation rose from 4.20 per cent in the previous week even as prices of fuels remained unchanged despite violent gyrations in global markets and the general prices level was as high as 6.58 per cent in the same period during 2002-03.

The UPA, in its Common Minimum Programme released on Thursday, stressed that it would take "effective and strong measures" to control the price hike of essential items.

The WPI rose by 0.2 per cent to 181.5 points due to sharp rise in the prices of primary articles and marginal increase in heavy-weighted manufactured product prices and it was 173.4 points in the previous year period.

The government revised upwards inflation to 4.53 per cent for the week ended March 20 as against the provisional figure of 4.3 per cent.

The final WPI stood corrected at 179.9 points during the third week of March as compared to the provisional level of 179.5 points.

Source: PTI
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