Higher prices of some manufactured and fuel items pushed the inflation up to 3.5 per cent for the week ended December 22 as compared to 3.45 per cent in the previous week.The wholesale price based index stood at 5.78 per cent in the corresponding week a year ago. Despite the marginal increase in the index, it remained well below RBI projection of close to 5 per cent for the current fiscal.
During the week, furnace oil got expensive by 5 per cent while bitumen and naptha rose by four per cent and three per cent respectively. In the food article segment, prices of coffee and vegetable moved up, while gram, moong, urad and rice became cheaper. Chidambaram said he would be happy if there was a free inter-state movement of food articles.
During the week, furnace oil got expensive by 5 per cent while bitumen and naptha rose by four per cent and three per cent respectively. In the food article segment, prices of coffee and vegetable moved up, while gram, moong, urad and rice became cheaper. Chidambaram said he would be happy if there was a free inter-state movement of food articles.
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