www.expressindia.com - Weather | Horoscope | Stocks | RSS
expressindia web city
HomeBlogsCricketAstrology TendersClassifieds Reader Comments Hotels
Sign In / Register | Archive
Expressindia » Story

Inflation soars again, index at 8.24% on May 24

Font Size

Agencies

Posted: Jun 06, 2008 at 1115 hrs IST

New Delhi, June 6: Inflation surged to 8.24 per cent for the week ended May 24 from 8.1 per cent in the previous week, despite fall in prices of some essential commodities like fruits, vegetables, spices.

Wholesale prices-based inflation stood at 5.15 per cent a year ago. The rate of price rise is expected to advance further after two weeks, when the June 5 increase in prices of petrol, diesel and cooking gas would be taken into account.

During the week ending May 24, non-food articles, raw rubber, raw cotton and groundnut seeds became expensive by 1-2 per cent.

Finance Minister P Chidambaram said inflation was a problem, but with people's support price stability could be ensured.

Cereal prices went up by 0.5 per cent, while fruit and vegetable prices declined by about one per cent.

Despite fiscal measures taken by the government, prices of imported edible oil surged by 6 per cent.

Discuss this story on expressindia forums
Post Comments
Name* Email ID*
Subject* Country*
Message*
Characters remaining
 
TERMS OF USE: The views, opinions and comments posted are your, and are not endorsed by this website. You shall be solely responsible for the comment posted here. The website reserves the right to delete, reject, or otherwise remove any views, opinions and comments posted or part thereof. You shall ensure that the comment is not inflammatory, abusive, derogatory, defamatory &/or obscene, or contain pornographic matter and/or does not constitute hate mail, or violate privacy of any person (s) or breach confidentiality or otherwise is illegal, immoral or contrary to public policy. Nor should it contain anything infringing copyright &/or intellectual property rights of any person(s).
I agree to the terms of use.

Latest News

Business

Showbiz

Sports

Is Modi fasting to atone for 2002 riots? Cong

Team Anna advocating un-Gandhian law: Arundhati Roy

Rushdie calls off visit to Jaipur, litfest begins under security net

2G: Court reserves order on Swamy plea against PC till Feb 4

Priyanka Gandhi among 40 star campaigners of Congress in UP

Indian-American jailed for 20 yrs for laundering money for drug cartel

Abandoned passports help Customs uncover human trafficking racket

More
© 2011 The Indian Express Limited. All rights reserved
Advertise With Us | Privacy Policy | Feedback | Express Group | Site Map