Business Daily from THE HINDU group of publications
Friday, Feb 16, 2007
ePaper
Business Daily from THE HINDU group of publications Friday, Feb 16, 2007 ePaper |
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Economy Industry & Economy - Economy Inflation rises to 6.73% Our Bureau
The contributory factors remain the same - pulses, cereals and vegetables within Primary Articles, besides Manufactured Products including cement, steel and machinery items. Discounting the contribution from the fuels' basket, which saw relatively marginal prices increase of 2.23 per cent during the week, the core inflation could well be nearing double-digit figures. The Primary Articles group shot up 12.26 per cent year-on-year, with both the food and non-food article prices surging over 12 per cent each during the latest reported week. Wheat prices shot up over 11 per cent, rice prices about five per cent and prices of pulses over 23 per cent. Fruits and vegetable prices were up 19 per cent, with prices of onions up 82 per cent. The heavyweight Manufactured Products group was up 6.37 per cent, with metals and metal product prices shooting up nearly 17 per cent.
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