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India's rate of inflation goes up again, touches 8.33%
By siliconindia
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Friday, 10 September 2004, 19:30 IST
NEW DELHI: Higher prices for essential commodities following the truckers' strike pushed up inflation by 0.16 per cent to a four-year high of 8.33 per cent for the week ended August 28.
Despite an assurance by Prime Minister Manmohan Singh to "tame" inflation, the point-to-point rise in the price level, as measured by the Wholesale Price Index, was higher for primary articles, fuel and manufactured products.
Inflation was 3.88 per cent in the previous year period.
The WPI for the latest reported week was up by 0.3 per cent to 188.5 points against 174 points a year ago.
Government drastically revised upwards inflation to 7.08 per cent for the week ended July 3 as compared to the provisional level of 6.16 per cent.
The final WPI stood corrected at 186 points during the first week of July as against the provisional mark of 184.4 points.