Inflation rises to 4.83

NEW DELHI, January 11: The annual rate of inflation shot up in the last week of December on continued rise in prices of food items to end the year at 4.83 per cent.

The inflation, based on the wholesale price index WPI, rose by 0.36 percentage points to 4.83 per cent provisional for the week ended December 27, compared to 4.47 per cent P The week before and 8.05 per cent in the corresponding week last year.

Inflation has been showing an upward trend, barring minor aberration, since November 8 when it touched an 11-year low of 3.20 per cent. The present rise is mainly on account of an upsurge in prices of both 8220;primary food articles8221; and 8220;manufactured food products8221; in the last two weeks.