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Inflation rises to 4.71%

October 28, 2005 14:32 IST
Source:PTI

Inflation moved up marginally to 4.71% for the week ended October 15 from 4.62% in the previous week, mainly due to the increase in prices of food, non-food, minerals and manufactured items.

Spiralling prices of onion along with moderate rise in prices of other vegetables, fruits and edible oils due to festival demand burnt hole in the pocket of consumers.

Minerals especially iron ore and zinc became costlier during the week while manufactured products like tractors, pumps, textiles, non-metallic minerals and Indian-made foreign spirit witnessed rise in prices.

All these factors contributed to the rise in inflation to 4.71 per cent during the October second week although it was still lower than 7.21 per cent a year ago.

Source: PTI
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