Wholesale prices-based inflation rate unexpectedly rose to 3.75 per cent for the week ended December 1 from 3.01 per cent in the previous week after jet fuel, some food products and manufactured items turned dearer.
Inflation is, however, still below RBI’s projection of close to five per cent for this fiscal.
The price index stood at 5.56 per cent in the corresponding week a year ago.
Inflation figure for the week ended October 6 was revised to 3.22 per cent against the provisional figure of 3.07 per cent as the wholesale price index finally stood at 215 points compared to the earlier estimate of 214.7 points.
According to latest government data, prices of coconut oil and gingelly oil increased 2 per cent while groundnut oil and imported edible oil were up by one per cent. The country which is importing wheat, pulses, edible oils and a few other food items, many of which have turned costlier.