New Delhi: For the week ended November 3, 2007, the annual inflation rate has climbed up to 3.11 percent from 2.97 percent in the previous week.

Analysts had estimated inflation of 2.94% for the same week.

In the first week of November that India’s inflation based on the Wholesale Price Index (WPI) augmented because of higher prices of various fuels and manufactured products.

The Ministry of Commerce & Industry said that the annual point-to-point inflation climbed to 3.11% in the week under consideration, from 2.97% during the last week.

During the corresponding week of the previous year, the annual inflation rate stood at 5.45%.

The WPI rose to 215.6 from 215.1 in the preceding week.

The Primary Articles index remained weak at 224.2, whereas that for Fuel & Power increased to 325.7 from 323.7. The index for Manufactured Products was at 188.1 as against 187.6.