With the surge in prices of food items, including pulses, fruits, vegetables and eggs continuing, inflation based on the wholesale price index has again increased to 6.11 per cent for the week closing January 20 as compared to 5.95 per cent during the previous week.
Although inflation had touched 6.12 per cent during the week ending January 6 this fiscal, but it came down to 5.95 per cent in the following week.
The sharp increase in prices of food articles, including pulses like arhar and moong, fruits, vegetables, eggs, textile, wool, sugarcane coupled with the prices of metal and paper products have led to the increase in overall inflation.
The cut in customs duty on edible oil, cement and other manufacturing products, along with the RBI's decision to tighten the liquidity in the market announced on January 31
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