The rate of inflation has increased to 12.01 percent. It is the highest rate in past 13 years. The inflation rate was 11.98 per cent in the last week. The wholesale price index (WPI)-based inflation rate is increased due to increase in the prices of as pulses, spices, eggs, fish and meat and some dairy products.

Although the rate of steel is not increased by steel companies yet the increase in the prices of cement contributed in the rise of inflation rate.

However, the finance ministry claimed that the prices rise was stable for the previous week. The price rise was inevitable as prices of sugar and cotton are still rising. The rate of woolen textile has increased by 5 per cent in comparison to last six weeks. The government revises the wholesale prices of 16 selected essential commodities on daily basis.

The data released by government revealed that the prices of tur dal, moong dal, urad and sugar were increased by rose Rs 105, Rs 60, Rs 25 and Rs 30 per quintal respectively. The prices of 18 prime articles out of 98 came down while the prices of manufactured products remained stable. The prices of food grain, pulses, edible oils, vegetables, dairy products, kerosene, soap and safety matches were recorded stable.