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Inflation at 6.68%

The wholesale price index based annual rate of inflation is at a yearly high at 6.68 per cent for the week wended March 15 over 5.92 per cent in the previous week. It stood at 6.56 per cent for the week ended March 17, 2007.The increase was driven by an across the board appreciation of primary article prices, fuels and manufacturing products. Among food products, which rose 0.5 per cent over the previous week, rapeseed, mustard oil, maida, atta, gur and khansari rose over the previous week.The highest increase was contributed by the index for basic metals. Alloys and metal products group which rose a significant 4.4 per cent due to higher prices of items like joist and rolls, bright bars, angles, channels and sections. The government also revised the inflation rate for the week ended January 19, 2008 to 4.45 per cent as compared with 3.03 per cent reported earlier.

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