Continuing the upward streak, inflation rose further to a new 13-year high of 12.63 per cent for the week ended August 9 owing to rising prices of food articles like vegetables, pulses and milk.
Inflation rose by 0.19 per cent from 12.44 per cent in the previous week. It stood at 4.24 per cent in the corresponding period in 2007.

“Annual inflation of 30 essential commodities, however, continues to be range bound between 5.7 per cent and 6.7 per cent in 19 weeks of the current fiscal,” said a finance ministry statement.

The statement further said that prices of certain essential commodities like foodgrains, pulses, edible oils, vegetables and dairy products have more or less stabilised.

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