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WPI inflation rises to 6.01% as prices of food & beverages move up

New Delhi, Jun 16 (PTI): Rising prices of food and beverages pushed up inflation to a
5-month high of 6.01 per cent in May.

The wholesale price index (WPI)-based inflation was 5.20 per cent in April and 4.58 per cent a year ago in May.

According to data released by the Commerce & Industry Ministry on Monday, food items that became expensive during the month include coffee (23 per cent), poultry chicken (seven per cent), fish-inland (six per cent) and tea and fruits and vegetables (four per cent each).

The other items in the primary articles segment which became dearer are condiments and spices, fish-(marine), urad and masur (3 per cent each), rice and moong (two per cent each) and milk, barley, pork, mutton and arhar (one per cent each).

However, the prices of maize came down by five per cent, wheat and ragi by two per cent each and egg, jowar and gram by one per cent each.

In the 'Non-Food Articles' category, guar seed became expensive by 13 per cent, soyabean (10 per cent), copra (coconut) (eight per cent), tobacco (seven per cent), raw jute (five per cent), raw silk (three per cent), mesta (two per cent) and groundnut seed, raw cotton and cotton seed (one per cent each).

However, the data showed that, the price of gingelly seed and flowers declined by eight per cent each, fodder by three per cent and linseed, castor seed and sunflower by one per cent.

The inflation figures for March was revised to six per cent from 5.70 per cent reported earlier. The previous high was 6.4 per cent in December.

In the manufactured goods category, food items which became expensive include tea leaf (unblended) (11 per cent), tea leaf (blended) (eight per cent), gur and bakery products (four per cent each), gola (cattle feed) and processed prawn (three per cent each), copra oil and ghee (two per cent each) and mixed spices, khandsari and oil cakes (one per cent each).

However, the price of tea dust (unblended) declined by three per cent, groundnut oil and gingelly oil (two per cent each) and soyabean oil and sunflower oil (one per cent each).

The data revealed that dried tobacco became expensive by eight per cent and cigarette by two per cent.

In the textiles group category, man made fabric, jute sacking cloth, jute sacking bag and cotton fabric became dearer by one per cent each, though prices of jute yarn declined by four per cent and tyre cord fabric and gunny and hessian cloth by one per cent each.

Similar price increase was noticed in other categories like wood and wood products, paper and paper products, leather and leather products, rubber and plastic products and chemicals and chemical products.

Items in metals, machinery and machine tools and transport equipment categories too became expensive during May pushing up the overall inflation rate.