Inflation

Inflation based on the wholesale price index (WPI) increased to 5.11% for the week ended March 1, 2008 when compared with 5.02% in the previous week on higher prices of food items and manufactured products.

Inflation stood at 6.51% in the corresponding week of the previous year.

Prices of pulses, fruit and vegetables, condiments and spices increased during the week ended March 1. Prices of edible oil increased 2.1% during the week. The index for the fuel group rose 0.1% due to the higher price of turbine fuel.

The government revised the inflation rate for the week ended January 5, 2008 to 4.26% from the earlier reported level of 3.79%.