Inflation rises to 8.51%

NEW DELHI, NOV 15: With prices of food products showing no signs of coming down, the inflation rate saw yet another moderate rise for the second consecutive week, touching 8.51 per cent on October 31. It was 8.20 per cent in the previous week.

Inflation rate during the corresponding week last year (November 1) was 3.73 per cent. The three week slide was halted last week when it shot up to 8.20 per cent. Barring October 17, the inflation rate was above eight per cent for ten weeks since August 22.

The latest 0.31 per cent climb was primarily due to the hike in prices of arhar, gram,rape seed oil, mustard seed oil and sewing machines. Prices of fish, sunflower seed, groundnut and rice bran oil saw a decline during the week under review.Inflation has been in single digits for the successive 188th week.