Inflation up at 5.91%

Inflation rose to 5.91 per cent during the week ended April 23 as vegetables, fruits, edible oil, industrial fuel and manufactured products ...

Inflation rose to 5.91 per cent during the week ended April 23 as vegetables, fruits, edible oil, industrial fuel and manufactured products became costlier.

After remaining static at 5.64 per cent during the week ended April 16, the wholesale price index (WPI)-based inflation went up.

Inflation was at 4.32 per cent during the same period last year. WPI was up by 0.4 per cent to 191.9 points during the week from 191.2 a week ago, mainly due to a rise in prices of primary articles by 0.8 per cent, fuel by 0.2 per cent and manufacturing by 0.2 per cent.

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The government revised upwards inflation to 5.06 per cent during the week ended February 26 from the provisional figure of 4.95 per cent while WPI stood corrected at 188.9 points against the provisional level of 188.7 points.

Although RBI has estimated inflation to be 5-5.5 per cent during the current fiscal, it had cautioned against oil price pressures. Primary articles’ index rose to 188.6. Food articles group index was up at 190.6. Non-food articles group index was down to 179.1 points.

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