Inflation rises to 0.37% on higher food prices

Inflation further rose to 0.37% for the week ended September 12 from 0.12% in the previous week dueto increasing prices of essential food items.The wholesale price-based inflation stood at 12.42% during the corresponding week a year ago. Among items that got costlier during the week include mutton, spices, wheat, maize, sugar, mustard oil and gur. On the annual basis, prices of potatoes were up by 14.87%, onions by about 20%, cereals by 11.39% and milk by 7.35%. At the same time, rice got costlier by 14.94%, wheat by 5.12% and pulses by 15%. Although inflation continues to remain below one%, the 52-week average inflation for the week ended September 12 was at 3.22%. Inflation for the week ended July 18 has been revised upward to (-)0.54% from (-)1.54% estimated provisionally.
SUDEEP SINGH
PGDMSEC-B III SEM