India`s inflation rose to 3.5% for the week ended Dec. 22, 2007, as against 3.45% for the previous week. The annual rate of inflation stood at 5.78% as on Dec. 23, 2006.
The official Wholesale Price Index for `All Commodities` for the week ended Dec. 22 2007 rose by 0.1% to 215.9 from 215.6 for the previous week.
The index of `Fuel, Power, Light & Lubricants` moved up by 0.5% to 330.2 from 328.6 for the previous week due to higher prices of furnace oil (5%), bitumen (4%) and naphtha (3%).
However, the index of primary articles declined by 0.1% to 222.4 from 222.7 for the previous week. Prices of gram, moong and urad lowered 2% each and barley, ragi and rice declined 1% each. Similarly prices of niger seed lowered 26% and that of rape & mustard seed declined 1%. However, the prices of coffee moved up 4%.
Under the category of `Food Products`, prices of bread & buns moved up 7%, bran rose 4%, butter and cotton seed oil increased 2% and maida, rice bran oil, coconut oil, oil cakes and atta rose (1% each). But prices of polyster staple fibre (4%), hessian cloth (2%) and tyre cord fabric and hessian & sacking bags (1% each) decline. However, the prices of cotton grey cloth & canvas (3%) moved up.
Prices of cycle tyres moved up 6%, pvc pipes & tubings increased 5%, cement increased 0.1% and prices of body manufactured for buses went up 12%. However, prices of oxygen gas in cylinder declined 6%. Similarly prices of zinc lowered 5% and and zinc ingots moved down 2%.
For the week ended Oct. 27, 2007, the final wholesale price index for `All Commodities` stood at 215.4 as compared to 215.1 and annual rate of inflation based on final index, calculated on point to point basis, stood at 3.11% as compared to 2.97% reported as on Nov. 9, 2007.
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