Inflation went up marginally to 11.91% during the week ended on July 5 from 11.89% in the previous week. Exuding confidence that measures taken by the gove r n m e n t would help m o d e r at e p r i c e s, Union finance minister P Chidambaram said the upward pressure on prices still exists. Food items, including pulses, atta, tea, fruits and some petroleum products like jet fuel became more expensive during the week under review, according to the WPI released by government on Thursday.
The finance ministry in a statement said the annual inflation rate for the group of 30 essential commodities during the week ended July 5 has declined to 5.74% from 5.98% in the week ending June 28, 2008.
It further said the prices of essential commodities like food grains, pulses, edible oils, vegetable, dairy, kerosene, soap and safety matches have more or less stabilised.
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