Inflation at 11.05% at 13 years high.

Fuelled by increase in petroleum product prices, the wholesale price index (WPI)-based inflation rate soared to 11.05 per cent for the week ended 7 June as compared to 8.75 per cent in the previous week. Inflation rate stood at 4.28 per cent for the corresponding week in the previous year.

During the week the index for fuel group rose 7.8 per cent due to higher prices of petrol (11 per cent), light diesel oil (21 per cent), LPG (20 per cent), naphtha (17 per cent), furnace oil (15 per cent), aviation turbine fuel (14 per cent), high speed diesel oil (10 per cent) and bitumen (7 per cent).

Among the primary articles prices of condiments and marine fish rose while the prices of fruits and vegetables declined.

The government also revised inflation rate for the week ended April 12 to 7.95 per cent as compared to 7.33 per cent as reported earlier.

Source - Business Standard.