News APP

NewsApp (Free)

Read news as it happens
Download NewsApp

Available on  gplay

Home  » Business » Inflation rises to 1.21% on firm food prices

Inflation rises to 1.21% on firm food prices

Source: PTI
Last updated on: October 22, 2009 13:28 IST
Get Rediff News in your Inbox:

MoneyInflation rose to 1.21 per cent for the week ended October 10 as prices of major food items firmed up further.

The wholesale price-based inflation stood at 0.92 per cent in the previous week.

Inflation rose to above one percentage mark after remaining below one per cent for five consecutive weeks and before that below-zero levels for 13 weeks in a row.

Prices of sea fish rose by 14 per cent, moong by 5 per cent, rice by 3 per cent, and urad, arhar, wheat by one per cent each.

However, prices of fruits and vegetables declined by one per cent each. Experts, including prime minister's economic advisory panel, expect inflation to reach 6 per cent mark by this fiscal end.

Firming up inflation could have bearing on monetary review to be announced by the Reserve Bank on October 27.

Experts, however, believe that RBI will maintain a status-quo on interest rates.

Get Rediff News in your Inbox:
Source: PTI© Copyright 2024 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.
Related News: RBI, Reserve Bank
 

Moneywiz Live!