Inflation rises to 0.37 pc on higher food prices

Inflation further rose to 0.37 per cent for the week ended September 12 from 0.12 per cent in the previous week due to increasing prices of essential food items. The wholesale price-based inflation stood at 12.42 per cent during the corresponding week a year ago.

Among items that got costlier during the week include mutton, spices, wheat, maize, sugar, mustard oil and gur.

On the annual basis, prices of potatoes were up by 14.87 per cent, onions by about 20 per cent, cereals by 11.39 per cent and milk by 7.35 per cent. At the same time, rice got costlier by 14.94 per cent, wheat by 5.12 per cent and pulses by 15 per cent.

Although inflation continues to remain below one per cent, the 52-week average inflation for the week ended September 12 was at 3.22 per cent.

Inflation for the week ended July 18 has been revised upward to (-)0.54 per cent from (-)1.54 per cent estimated provisionally.