New Delhi: Halting the fiveweek downward streak, inflation on Thursday inched up to 10.72% on account of rising prices of essential commodities like vegetables, pulses and cereals, and some manufactured items. After declining to 10.68%, inflation rose by 0.04 percentage points for the week ended October 25 even as prices of edible items including rice, wheat, potato, tea, butter and salt firmed up.
"Inflation of 30 essential commodities (taken together) marginally increased to 7.51% as on the week ending October 25, 2008, from 7.47% reported in the earlier week,'' a finance ministry statement said, adding that prices of six out of 30 items increased during the week.
Although the index of the 'fuel and power' group remained unchanged, the primary articles group index increased to 11.41% as compared to 10.92% a week ago, the statement said.
Commenting on the inflation figure, Crisil principal economist D K Joshi said, "The declining trend would continue. The spike in inflation this week is just an aberration.'' AGENCIES
"Inflation of 30 essential commodities (taken together) marginally increased to 7.51% as on the week ending October 25, 2008, from 7.47% reported in the earlier week,'' a finance ministry statement said, adding that prices of six out of 30 items increased during the week.
Although the index of the 'fuel and power' group remained unchanged, the primary articles group index increased to 11.41% as compared to 10.92% a week ago, the statement said.
Commenting on the inflation figure, Crisil principal economist D K Joshi said, "The declining trend would continue. The spike in inflation this week is just an aberration.'' AGENCIES
No comments:
Post a Comment