Inflation Shoots Up To 3.96 Per Cent On Power Tariff Hike

The annual rate of inflation shot up by 0.61 percentage points to 3.96 per cent for the week ended November 29 mainly on account of an increase in electricity tariffs (7 per cent).

Inflation, based on wholesale price index (WPI), rose to 3.96 per cent from 3.35 per cent in the previous week and 6.67 per cent during the corresponding week last year.

The index for all commodities (base 1981-82=100) also shot up by 0.3 per cent during the week to 331.0 (provisional) as against 329.9 (p) for the previous week.

Meanwhile, according to the latest figures available, inflation based on the final index shot up to 4.3 per cent for the week ended October 4, compared with 3.5 per cent in the previous week and 4.1 for the corresponding week based on provisional index.

The final index for all commodities for the week stood at 330.7 as against the provisional index of 330.2.

During the year, prices of commodities under fuel, power, light and lubricants group (which have most of the commodities under administered price mechanism) have increased by 12.96 per cent compared to 2.37 per cent in primary articles and 3.13 per cent manufactured products.

During the week, the indices of all the three major groups