India's inflation rate marginally up at 0.57 percent

Thursday, 30 April 2009, 08:59 Hrs
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New Delhi: India's annual rate of inflation rose marginally to 0.57 percent for the week ended April 18 from 0.26 percent the week before, official data showed Thursday.

Among the three main commodity groups, the indices for manufactured products and primary articles rose 0.3 percent and 1.7 percent.

The index for fuel, power, light and lubricants rose 0.1 percent to 0.1 percent to 323 (provisional) from 322.6 (provisional) for the previous week due to higher prices of aviation turbine fuel (8 percent) and furnace oil (2 percent).

The inflation rate based on official wholesale price index had declined for eight consecutive weeks to 0.27 percent for the week ended March 14, but marginally rose to 0.31 percent for the week ended March 21.

It then declined for two consecutive weeks, before rising again to 0.26 percent and 0.57 percent for for the week ended April 11 and April 18.

Between April 11 and April 18, the wholesale price index rose 0.6 percent to 230.2 from 228.8 the week before, as per the provisional data released by the commerce and industry ministry.
Source: IANS
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