Inflation rises to 3.83%

Source: PTI

January 25, 2008 12:23 IST

Inflation rose to 3.83 per cent for the week ended January 12, against 3.79 per cent in the previous week mainly due to rise in prices of manufactured items and some food articles.

The wholesale price-based inflation stood at 6.15 per cent in the corresponding week a year ago.

Among food articles, maize and rice became expensive, while gram, fish marine and jowar declined.

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the manufactured items, prices of imported edible oil, sunflower oil, sugar and coconut oil moved up.

However, during the week, inflation stood well below RBI projection of close to 5 per cent for the current fiscal.

There are expectations of a cut in the interest rate by the central bank in the upcoming review of monetary policy scheduled on January 29.