Thursday, August 14, 2008

Fuel, Fruits drive up inflation rate to 12.44%

Up & down
Prices increased for light diesel oil (16%), bitumen & furnace oil (8% each), aviation turbine fuel (3%).
Rates dropped for imported vegoils (13%), rice bran oil (5%), gingelly oil & cotton seed oil (2%).

New Delhi, Aug 14 The annual Wholesale Price Index-based inflation rose 12.44 per cent during the week ended August 2, above the previous week’s annual rise of 12.01 per cent, government data showed on Thursday.
During the latest reported week, the WPI moved up to 240.4 points from 239.6 points during the previous reported week. The annual rate of inflation stood at 4.39 per cent during the corresponding week a year ago.

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