Retail prices jump by up to 11%

Retail prices jump by up to 11%
PTI
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First Published: Fri, Apr 04 2008. 05 58 PM IST
Updated: Fri, Apr 04 2008. 05 58 PM IST
New Delhi: Retail prices of gram, sugar, mustard oil, vanaspati and onion have increased by up to 11% in the national capital in last one month, as headline inflation rate rose to 39-month high of 7%.
The prices of gram (chana) rose by 2.7% to Rs38 per kg on 1 April as against Rs 37 a month earlier, according to the data provided by the Department of Consumer Affairs.
Sugar prices increased by nearly 6% at Rs18 per kg, mustard oil by 2.6% to Rs77 per kg, vanaspati by 10.14% at Rs76 per kg and onion by 11.11% at Rs10 per kg.
However, prices of rice, wheat, atta, tur, groundnut oil, milk, potato and salt remained stable during the last one month while tea (loose) became cheaper.
Rice is available in the retail market at Rs18 per kg, while wheat at Rs13 a kg, atta Rs14, tur Rs42, groundnut oil Rs121, potato Rs9.
The wholesale price-based inflation rose to 7% in the week ended 22 March from 6.68% in the previous week as prices of vegetables, cereals and various manufactured goods continued to rise.
The government has announced plethora of measures to rein in the rising inflation, including scrapping of customs duties on all crude edible oils, reduction of duties on refined edible oils, ban on exports of non-basmati rice and increase in export price of basmati rice.
The impact of these decisions would be felt only in next 7-10 days at the retail level, traders said.
According to the inflation data, prices of fruits and vegetables went up by 1%, gram by 3%, masur by 2% while urad and moong, eggs, meat and fish got dearer by 1% each.
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First Published: Fri, Apr 04 2008. 05 58 PM IST