The official Wholesale Price Index for 'All Commodities' (Base: 1993-94 = 100) for the week ended 26th July 2008 rose by 0.1 percent to 239.6 (Provisional) from 239.3 (Provisional) for the previous week.
The annual rate of inflation, calculated on point to point basis, stood at 12.01 percent (Provisional) for the week ended 26/07/2008 (over 28/07/2007) as compared to 11.98 percent (Provisional) for the previous week. The annual rate of inflation stood at 4.70 percent as on 28/07/2007 i.e. a year ago.
The movement of the index for the various commodity groups is summarized below:-
1. PRIMARY ARTICLES (Weight 22.02%)
The index for this major group rose by 0.1 percent to 247.9 (Provisional) from 247.7 (Provisional) for the previous week. The groups and items for which the index showed variations during the week are as follows:-
The index for 'Food Articles' group rose marginally to 236.0 (Provisional) from 235.9 (Provisional) for the previous week due to higher prices of moong (4%), fish-marine (2%) and maize and condiments & spices (1% each). However, the prices of bajra (1%) declined.
The index for 'Non-Food Articles' group rose by 0.4 percent to 246.3 (Provisional) from 245.2 (Provisional) for the previous week due to higher prices of castor seed (6%), raw tobacco (5%) and copra and raw cotton (2%). However, the prices of niger seed (5%) and groundnut seed (1%) declined.
The index for 'Minerals' group declined by 0.6 percent to 648.4 (Provisional) from 652.6 (Provisional) for the previous week due to lower prices of barytes (23%), steatite (15%) and iron ore and fireclay (1% each). However, the prices of gypsum (48%), phosphorite (27%), fluorite (21%) and silica sand (9%) moved up.
The annual rate of inflation, calculated on point to point basis, for ‘Primary Articles’ stood at 10.32 percent (Provisional) for the week ended 26/07/2008. It was 10.47 percent as on 28/07/2007 i.e. a year ago.
The annual rate of inflation for ‘Food Articles’ stood at 5.78 percent (Provisional) for the week ended 26/07/2008. It was 9.74 percent as on 28/07/2007 i.e. a year ago.
2. FUEL, POWER, LIGHT & LUBRICANTS (Weight 14.23%)
The index for this major group rose by 0.2 percent to 377.0 (Provisional) from 376.3 (Provisional) for the previous week due to higher prices of furnace oil (3%).
3. MANUFACTURED PRODUCTS (Weight 63.75%)
The index for this major group rose by 0.1 percent to 206.1 (Provisional) from 205.9 (Provisional) for the previous week. The groups and items for which the index showed variations during the week are as follows:-
The index for 'Food Products' group rose by 0.1 percent to 212.8 (Provisional) from 212.6 (Provisional) for the previous week due to higher prices of gingelly oil (3%) and gur (1%). However, the prices of cotton seed oil (3%) and groundnut oil (2%) declined.
The index for 'Textiles' group rose by 0.4 percent to 141.5 (Provisional) from 140.9 (Provisional) for the previous week due to higher prices of woollen yarn (8%), woollen cloth (6%), hessian & sacking bags (2%) and cotton yarn-'hanks (1%).
The index for 'Paper & Paper Products' group rose by 0.2 percent to 200.2 (Provisional) from 199.8 (Provisional) for the previous week due to higher prices of printing paper white (1%).
The index for 'Chemicals & Chemical Products' group declined by 0.05 percent to 222.0 (Provisional) from 222.1 (Provisional) for the previous week due to lower prices of resins (all kinds) and acid (all kinds) (1% each). However, the prices of caustic soda (sodium hydroxide) (1%) moved up.
The index for 'Non-Metallic Mineral Products' group rose marginally to 215.5 (Provisional) from 215.4 (Provisional) for the previous week due to marginal increase in the prices of cement.
The index for 'Machinery & Machine Tools' group rose by 0.1 percent to 175.4 (Provisional) from 175.2 (Provisional) for the previous week due to higher prices of batteries (7%) and ball bearings (1%).
4. FINAL INDEX FOR THE WEEK ENDED 31st May 2008.
For the week ended 31/05/2008, the final wholesale price index for 'All Commodities’ (Base: 1993-94=100) stood at 232.3 as compared to 231.1 (Provisional) and annual rate of inflation based on final index, calculated on point to point basis, stood at 9.32 percent as compared to 8.75 percent (Provisional) reported earlier vide press note dated 13/06/2008.
The annual rate of inflation, calculated on point to point basis, stood at 12.01 percent (Provisional) for the week ended 26/07/2008 (over 28/07/2007) as compared to 11.98 percent (Provisional) for the previous week. The annual rate of inflation stood at 4.70 percent as on 28/07/2007 i.e. a year ago.
The movement of the index for the various commodity groups is summarized below:-
1. PRIMARY ARTICLES (Weight 22.02%)
The index for this major group rose by 0.1 percent to 247.9 (Provisional) from 247.7 (Provisional) for the previous week. The groups and items for which the index showed variations during the week are as follows:-
The index for 'Food Articles' group rose marginally to 236.0 (Provisional) from 235.9 (Provisional) for the previous week due to higher prices of moong (4%), fish-marine (2%) and maize and condiments & spices (1% each). However, the prices of bajra (1%) declined.
The index for 'Non-Food Articles' group rose by 0.4 percent to 246.3 (Provisional) from 245.2 (Provisional) for the previous week due to higher prices of castor seed (6%), raw tobacco (5%) and copra and raw cotton (2%). However, the prices of niger seed (5%) and groundnut seed (1%) declined.
The index for 'Minerals' group declined by 0.6 percent to 648.4 (Provisional) from 652.6 (Provisional) for the previous week due to lower prices of barytes (23%), steatite (15%) and iron ore and fireclay (1% each). However, the prices of gypsum (48%), phosphorite (27%), fluorite (21%) and silica sand (9%) moved up.
The annual rate of inflation, calculated on point to point basis, for ‘Primary Articles’ stood at 10.32 percent (Provisional) for the week ended 26/07/2008. It was 10.47 percent as on 28/07/2007 i.e. a year ago.
The annual rate of inflation for ‘Food Articles’ stood at 5.78 percent (Provisional) for the week ended 26/07/2008. It was 9.74 percent as on 28/07/2007 i.e. a year ago.
2. FUEL, POWER, LIGHT & LUBRICANTS (Weight 14.23%)
The index for this major group rose by 0.2 percent to 377.0 (Provisional) from 376.3 (Provisional) for the previous week due to higher prices of furnace oil (3%).
3. MANUFACTURED PRODUCTS (Weight 63.75%)
The index for this major group rose by 0.1 percent to 206.1 (Provisional) from 205.9 (Provisional) for the previous week. The groups and items for which the index showed variations during the week are as follows:-
The index for 'Food Products' group rose by 0.1 percent to 212.8 (Provisional) from 212.6 (Provisional) for the previous week due to higher prices of gingelly oil (3%) and gur (1%). However, the prices of cotton seed oil (3%) and groundnut oil (2%) declined.
The index for 'Textiles' group rose by 0.4 percent to 141.5 (Provisional) from 140.9 (Provisional) for the previous week due to higher prices of woollen yarn (8%), woollen cloth (6%), hessian & sacking bags (2%) and cotton yarn-'hanks (1%).
The index for 'Paper & Paper Products' group rose by 0.2 percent to 200.2 (Provisional) from 199.8 (Provisional) for the previous week due to higher prices of printing paper white (1%).
The index for 'Chemicals & Chemical Products' group declined by 0.05 percent to 222.0 (Provisional) from 222.1 (Provisional) for the previous week due to lower prices of resins (all kinds) and acid (all kinds) (1% each). However, the prices of caustic soda (sodium hydroxide) (1%) moved up.
The index for 'Non-Metallic Mineral Products' group rose marginally to 215.5 (Provisional) from 215.4 (Provisional) for the previous week due to marginal increase in the prices of cement.
The index for 'Machinery & Machine Tools' group rose by 0.1 percent to 175.4 (Provisional) from 175.2 (Provisional) for the previous week due to higher prices of batteries (7%) and ball bearings (1%).
4. FINAL INDEX FOR THE WEEK ENDED 31st May 2008.
For the week ended 31/05/2008, the final wholesale price index for 'All Commodities’ (Base: 1993-94=100) stood at 232.3 as compared to 231.1 (Provisional) and annual rate of inflation based on final index, calculated on point to point basis, stood at 9.32 percent as compared to 8.75 percent (Provisional) reported earlier vide press note dated 13/06/2008.
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