The Hindu : Inflation surges to 5.94 p.c.

Online edition of India's National Newspaper
Sunday, Mar 07, 2004

Business

Business

Inflation surges to 5.94 p.c.

NEW DELHI, MARCH 6. A sharp rise in prices of fruits, vegetables and other primary items, notably poultry chicken, and costlier manufactured products pushed up inflation by 0.10 per cent to 5.94 per cent for the week ended February 21.

The point-to-point price change, as measured by Wholesale Price Index (WPI), rose from the previous week's level of 5.84 per cent even as prices fell for textiles and condiments and spices. The index was 5.53 per cent in the year-ago period.

The WPI was up 0.3 per cent at 180 points during the latest reported week despite fuel price remaining firm for the fourth consecutive week and it was 169.9 points in the same period in 2002-03.

The Government revised upwards the inflation rate during the week ended December 27 to 5.86 per cent as compared to the provisional level of 5.75 per cent.

The final WPI stood corrected at 176.9 points during the last week of December as against the provisional figure of 176.7 points. — PTI

Printer friendly page
Send this article to Friends by E-Mail

Business

News Update

Stories in this Section

Forex reserves cross $108 b

Mobile phone subscriber base may cross fixed line by year-end

Steel makers in a bind

Martha Stewart convicted

`One button backup' for PC users

Inflation surges to 5.94 p.c.

Outsourcing: A hardsell in the U.S.

GAIL issue priced at Rs. 195