Market
New Delhi - India's wholesale price index (WPI) based inflation rate turned positive after a thirteen week hiatus even as surging food prices threatened to derail central bank's monetary policy.
1 of 1 
According to the government data, India's inflation rate stood at 0.12 percent for the week ended September 5, higher than (-)0.12 percent reported in the previous week. Inflation rate stood at 12.42 percent during the corresponding week a year ago.
During the week under review, prices of food articles such as poultry chicken (up 16 percent), fruits & vegetables (up 8 percent), pork (up 5 percent), condiments & spices (up 3 percent), bajra (up 2 percent) and rice and moong (up 1 percent each) continued to surge.
Among food products, prices of sugar and sooji (rawa) (up 4 percent each), khandsari and bran (all kinds) (up 2 percent each) and maida, atta and gingelly oil (up 1 percent each) rocketed.
Among non-food items, raw silk, cotton seed and raw rubber (up 3 percent), polyester staple fibre (up 5 percent), lead ingots (up 4 percent), material handling equipment (up 6 percent) and electrical relays (up 3 percent) witnessed maximum increase in price.
The prices of bitumen (up 9 percent), furnace oil and light diesel oil (up 4 percent each) and aviation turbine fuel (up 2 percent) also rose.
Godrej Consumer Products (GCP) on Saturday said it has agreed to buy personal care company Tura from Nigeria's Tura Group.
Plans by Carrefour, the world's No.2 retailer, to open its first cash-and-carry ...
© 2010 The Ibtimes Company. All Rights Reserved.
Partners
EMAIL
PRINT
RSS
SHARE
