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PRESS TRUST OF INDIA
NEW DELHI, Nov 8: Mirroring the continued rise in prices of essential commodities, the annual rate of inflation spurted to 8.20% during the week ended October 24 after breaking its three-week declining spell.
Inflation for the corresponding week of last year stood at 4.05%. This is the first week in the month of October that the inflation, based on official data computed from the wholesale price index , has moved up though the rise in prices of essential commodities continued unabated throughout the month.
Inflation slide to 8.22% in the week ended October 3 from 8.69% in the previous week and fell further to 8.10% and 7.98% in the second and third weeks of last month.
Interestingly, inflation calculated on the consumer price index shot up from 15% in August to 16.3% in September when WPI-based estimates stood at 8.2%.During the present week, inflation rose 0.22 percentage points due to a 0.1% jump in the "all commodities" WPI (base: 1981-82=100) from 358.4 to 358.8 points.
Copyright © 1998 Indian Express Newspapers (Bombay) Ltd.
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This story was printed from Net Express located at http://www.expressindia.com. Net Express provides a portal to India, with news from The Indian Express and The Financial Express along with sites on travel and tourism, the entertainment industry, the power sector, the environment and much more.
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