This was driven up by increase in rate of inflation for non-food articles to 16.07%. The inflation for food articles eased to 9.03% during the same period. Also the inflation rate for minerals eased from 23.12% at 21.25%.
As one of the experts said to a leading business media that since we import, petroleum products, food grains and edible oil have risen steeply in international markets in recent times. And for any increase in this adds to inflationary pressure in our country.
The inflation for fuel and power group increased to 13.13% in the week ended. The index for this major group rose by 0.9% to 167.2 from 165.7 for the previous week due to higher prices of furnace oil (7%), naphtha (5%), light diesel oil (4%), aviation turbine fuel (3%) and bitumen (2%).
The Food Articles group index declined by 1.7% to 191.9 due to lower prices of fruits & vegetables and fish-marine (5% each), fish-inland (4%), urad, bajra and arhar (2% each) and wheat and moong (1% each). However, the prices of ragi (5%), gram and maize (2% each) and jowar (1%) moved up.
The index named Non-Food Articles group rose by 1.5% to 178.4 due to higher prices of flowers, raw cotton and safflower (7% each), gingelly seed, cotton seed and linseed (2% each) and soyabean and castor seed (1% each). However, the prices of sunflower (4%), niger seed (3%), groundnut seed (2%) and gaur seed (1%) declined.