Inflation up at 4.13 percent

After going down for twelve consecutive weeks, the inflation rate again moved upwards for the week ended June 23, 2007 at 4.13 percent , as against 4.03 for the previous week. The rise in inflation is mainly due to the increase in some food and mineral prices. this is the fifth week that onflation has remained below the 5% mark. the govenment is working on fiscal and monetary policies to keep inflation within 5 percent.

Caution:-

• High prices of wheat and crude in the international market could exert upward pressure on the inflation rate
• Any upward revision in fuel prices by the government, to bring domestic fuel prices in line with the gobal trend, could push up inflation

Related Reports:-

• Review for the week ended 23rd June 2007 - CSO