Measured over periods of twelve months, the rate of increase in the all-goods production price index rose from 8.1 per cent in April 2001 to 8.6 per cent in May, June and July.
The year-on-year rate of increase in the prices of domestically produced goods which had receded from 8.0 per cent in November 2000 to 6.9 per cent in April 2001, accelerated to 8.2 per cent in July. Rising food price inflation, though still at a modest level, contributed most to the pick-up in inflation in the prices of domestically produced goods.