Thursday, September 18, 2008

Index Numbers of Wholesale Prices in India (Base: 1993-94=100)

The official Wholesale Price Index for 'All Commodities' (Base: 1993-94 = 100) for the week ended 6th September 2008 rose by 0.1 percent to 241.1 (Provisional) from 240.8 (Provisional) for the previous week.

The annual rate of inflation, calculated on point to point basis, stood at 12.14 percent (Provisional) for the week ended 06/09/2008 (over 08/09/2007) as compared to 12.10 percent (Provisional) for the previous week. The annual rate of inflation stood at 3.46 percent as on 08/09/2007 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 1.0 percent to 251.7 (Provisional) from 249.2 (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 by 1.4 percent to 240.6 (Provisional) from 237.3 (Provisional) for the previous week due to higher prices of fruits & vegetables (6%), urad and wheat (3% each) and mutton (1%). However, the prices of maize and bajra (2% each) and jowar and condiments & spices (1% each) declined.

The index for 'Non-Food Articles' group rose by 0.2 percent to 247.5 (Provisional) from 247.1 (Provisional) for the previous week due to higher prices of groundnut seed, castor seed and copra (1% each). 

The index for 'Minerals' group rose marginally to 656.2 (Provisional) from 656.0 (Provisional) for the previous week due to higher prices of fire clay (37%), kaolin (china clay) (3%) and chromite (2%). However, the prices of steatite (5%) declined 

The annual rate of inflation, calculated on point to point basis, for ‘Primary Articles’ stood at 11.27 percent (Provisional) for the week ended 06/09/2008. It was 6.65 percent as on 08/09/2007 i.e. a year ago.

The annual rate of inflation for ‘Food Articles’ stood at 6.32 percent (Provisional) for the week ended 06/09/2008. It was 4.91 percent as on 08/09/2007 i.e. a year ago.

2. FUEL, POWER, LIGHT & LUBRICANTS (Weight 14.23%)

The index for this major group declined by 0.2 percent to 375.3 (Provisional) from 376.2 (Provisional) for the previous week due to lower prices of aviation turbine fuel (17%) and naphtha (1%). However, the prices of bitumen (4%) moved up.

3. MANUFACTURED PRODUCTS (Weight 63.75%)

The index for this major group declined by 0.1 percent to 207.5 (Provisional) from 207.7 (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 Products' group rose by 0.3 percent to 216.4 (Provisional) from 215.7 (Provisional) for the previous week due to higher prices of sooji (rawa), oilcakes, rice bran oil, salt and imported edible oil (2% each) and cattle feed, maida and groundnut oil (1% each). However, the prices of rape & mustard oil and bran (all kinds) (2% each) and atta, gur and khandsari (1% each) declined.

The index for 'Beverages, Tobacco & Tobacco Products' group rose by 0.2 percent to 286.1 (Provisional) from 285.6 (Provisional) for the previous week due to marginal rise in the prices of cigarettes. 

The index for 'Textiles' group declined by 0.8 percent to 143.2 (Provisional) from 144.3 (Provisional) for the previous week due to lower prices of texturised yarn (4%), cotton yarn-'hanks (3%) and cotton yarn-cones (2%). However, the prices of hessian & sacking bags (4%), nylon filament yarn (3%) and hessian cloth (1%) moved up.

The index for 'Paper & Paper Products' group rose by 0.2 percent to 201.5 (Provisional) from 201.0 (Provisional) for the previous week due to higher prices of kraft paper (2%) and m.g. poster paper (1%).

The index for 'Chemicals & Chemical Products' group declined by 0.2 percent to 222.9 (Provisional) from 223.3 (Provisional) for the previous week due to lower prices of purified terephthalic acid (pta) (8%), benzene (5%), p.v.c. resins (4%) and calcium ammonium nitrate n-content (3%). However, the prices of polystyene (6%) moved up.

The index for 'Non-Metallic Mineral Products' group rose by 0.05 percent to 217.0 (Provisional) from 216.9 (Provisional) for the previous week due to higher prices of building bricks (1%).

The index for 'Basic Metals, Alloys & Metal Products' group declined by 0.4 percent to 299.1 (Provisional) from 300.4 (Provisional) for the previous week due to lower prices of basic pig iron and foundary pig iron (5% each) and other iron steel (2%).

The index for 'Transport, Equipment & Parts' group rose by 0.3 percent to 174.9 (Provisional) from 174.4 (Provisional) for the previous week due to higher prices of jeeps (8%).

4. FINAL INDEX FOR THE WEEK ENDED 12th July 2008.

For the week ended 12/07/2008, the final wholesale price index for 'All Commodities’ (Base: 1993-94=100) stood at 239.5 as compared to 239.0 (Provisional) and annual rate of inflation based on final index, calculated on point to point basis, stood at 12.13 percent as compared to 11.89 percent (Provisional) reported earlier vide press note dated 25/07/2008

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