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Article: New Delhi, Oct 21 (PTI) Inflation rose to 4.62 per cent during the week ended October 8 from 4.24 per cent a week ago, mainly due to hike in prices of essential food items and manufactured products.
- Article from:
- PTI - The Press Trust of India Ltd.
- Article date:
- October 21, 2005
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Though point-to-point inflation based on wholesale product prices moved up marginally, Finance Minister P Chidambaram said inflation was "moderate" and not on the upswing. Festival demands and seasonal factors may have led to rise in inflation to 4.62 per cent for the week, although it was still lower than 7.10 per cent a year ago.
Wholesale Price Index rose by 0.2 per cent to 197.2 points during the week from 188.5 a year ago.
During the week under review, world oil prices hovered around 61 dollars a barrel after steep recent falls caused by signs that the high cost of crude is cooling demand for energy in the United States, the world's biggest energy ...