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Inflation surges above 5%

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Our Economy Bureau New Delhi
 Wholesale price index (WPI), based on all commodities, rose by 0.2 per cent to 176.1 points from 175.8 points in the previous week and 167.7 points a year ago due to the rise in prices of primary articles by 0.4 per cent, fuel by 0.1 per cent and manufactured products by 0.1 per cent.

 According to an official release, final WPI for the week ended September 6 has been revised upward to 175.4 points as against the provisional figure of 174.9 points, while the final inflation rate has been pegged at 4.59 per cent against the earlier provisional figure of 4.29 per cent.

 Primary articles group index surged to 183.6 points from 182.8 points in the previous week due to the rise in food article prices by 0.3 per cent and non-food articles prices by 0.8 per cent.

 Food articles group index rose to 185.9 points from 185.7 points due to rise in prices of ragi, eggs (3.0 per cent each), poultry chicken (2.0 per cent), wheat, fish marine, bajra and barley (1.0 per cent each).

 Fuel, power, light and lubricants index rose to 253.3 from 253 in the previous week due to a 3.0 per cent rise in naphtha prices.

 Manufactured products index went up to 156.3 from 156.1 in the previous week due to rise in prices of food products, tobacco products, textiles, paper, chemicals, leather and machines.

 Textiles group index rose 0.5 per cent to 129.9 due to costlier polyester yarn (7.0 per cent), cotton grey cloth (2.0 per cent) and polyester staple fibre (1.0 per cent). Paper, paper products group index rose by 0.1 per cent to 173.2 due to a 3.0 per cent rise in duplex board prices.

 

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First Published: Nov 15 2003 | 12:00 AM IST

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