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Inflation rises to 5.03%

June 11, 2004 12:44 IST
Source:PTI

Inflation rose for the third consecutive week to 5.03 per cent for the week ended May 29 despite cheaper vegetables and fruits, eggs and several edible oils.

The point-to-point wholesale price index inflation was up marginally by 0.1 per cent from previous week's 5.02 per cent. The index was at 5.75 per cent during the year-ago period.

The WPI, however, fell by 0.1 per cent to 181.7 points even as fuel prices stood firm with the petroleum ministry yet to take any decision on the prices at the retail level in view of the soaring crude oil prices in the international markets. The index was at 173 points in the previous year period.

The government revised upwards inflation to 4.51 per cent for the week ended April 3 as compared to the provisional mark of 4.40 per cent.

The final WPI stood corrected at 180.7 points during the first week of April as against the previous week's figure of 180.5 points.

Source: PTI
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