The official Wholesale Price Index for 'All Commodities' (Base: 1993-94 = 100) for the week ended 20th September 2008 declined marginally to 241.0 (Provisional) from 241.1 (Provisional) for the previous week.
The annual rate of inflation, calculated on point to point basis, stood at 11.99 percent (Provisional) for the week ended 20/09/2008 (over 22/09/2007) as compared to 12.14 percent (Provisional) for the previous week. The annual rate of inflation stood at 3.51 percent as on 22/09/2007 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 declined by 0.2 percent to 251.3 (Provisional) from 251.9 (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 Articles' group rose by 0.2 percent to 241.7 (Provisional) from 241.1 (Provisional) for the previous week due to higher prices of fish-marine (6%), tea and bajra (2% each) and milk (1%).
The index for 'Non-Food Articles' group declined by 1.5 percent to 243.4 (Provisional) from 247.1 (Provisional) for the previous week due to lower prices of groundnut seed (8%), raw rubber (3%) and castor seed (1%). However, the prices of raw silk and gingelly seed (2% each) and cotton seed (1%) moved up.
The annual rate of inflation, calculated on point to point basis, for ‘Primary Articles’ stood at 11.29 percent (Provisional) for the week ended 20/09/2008. It was 6.21 percent as on 22/09/2007 I.e. A year ago.
The annual rate of inflation for ‘Food Articles’ stood at 7.52 percent (Provisional) for the week ended 20/09/2008. It was 4.32 percent as on 22/09/2007 I.e. A year ago.
2. FUEL, POWER, LIGHT & LUBRICANTS (Weight 14.23%)
The index for this major group remained unchanged at its previous week's level of 375.3 (Provisional).
3. MANUFACTURED PRODUCTS (Weight 63.75%)
The index for this major group rose by 0.1 percent to 207.5 (Provisional) from 207.4 (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 declined by 0.5 percent to 213.4 (Provisional) from 214.4 (Provisional) for the previous week due to lower prices of imported edible oil (6%), rice bran oil (4%), cotton seed oil (3%), coconut oil (2%) and groundnut oil, oilcakes, khandsari and rape & mustard oil (1% each). However, the prices of unrefined oil (1%) moved up.
The index for 'Paper & Paper Products' group rose by 0.9 percent to 203.4 (Provisional) from 201.5 (Provisional) for the previous week due to higher prices of pulp (25%) and map litho paper (2%).
The index for 'Rubber & Plastic Products' group declined by 0.2 percent to 165.7 (Provisional) from 166.0 (Provisional) for the previous week due to lower prices of suitcases (5%).
The index for 'Chemicals & Chemical Products' group rose by 0.2 percent to 223.5 (Provisional) from 223.1 (Provisional) for the previous week due to higher prices of safety matches (24%) and sulpha methoxozole (5%).
The index for 'Basic Metals, Alloys & Metal Products' group rose by 0.2 percent to 299.7 (Provisional) from 299.1 (Provisional) for the previous week due to higher prices of foundary pig iron and basic pig iron (2% each) and zinc ingots (1%).
The index for 'Machinery & Machine Tools' group rose by 0.1 percent to 176.4 (Provisional) from 176.3 (Provisional) for the previous week due to higher prices of powerlooms automatic and roller bearings (8% each) and textile machinery parts (2%). However, the prices of ring spinning & doubling frames (5%) declined.
The index for 'Transport, Equipment & Parts' group rose by 0.7 percent to 176.3 (Provisional) from 175.0 (Provisional) for the previous week due to higher prices of springs (6%), truck chassis (diesel) (3%) and bus chassis (diesel) (1%).
4. FINAL INDEX FOR THE WEEK ENDED 26th July 2008.
For the week ended 26/07/2008, the final wholesale price index for 'All Commodities’ (Base: 1993-94=100) stood at 240.7 as compared to 239.6 (Provisional) and annual rate of inflation based on final index, calculated on point to point basis, stood at 12.53 percent as compared to 12.01 percent (Provisional) reported earlier vide press note dated 08/08/2008.
The annual rate of inflation, calculated on point to point basis, stood at 11.99 percent (Provisional) for the week ended 20/09/2008 (over 22/09/2007) as compared to 12.14 percent (Provisional) for the previous week. The annual rate of inflation stood at 3.51 percent as on 22/09/2007 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 declined by 0.2 percent to 251.3 (Provisional) from 251.9 (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 Articles' group rose by 0.2 percent to 241.7 (Provisional) from 241.1 (Provisional) for the previous week due to higher prices of fish-marine (6%), tea and bajra (2% each) and milk (1%).
The index for 'Non-Food Articles' group declined by 1.5 percent to 243.4 (Provisional) from 247.1 (Provisional) for the previous week due to lower prices of groundnut seed (8%), raw rubber (3%) and castor seed (1%). However, the prices of raw silk and gingelly seed (2% each) and cotton seed (1%) moved up.
The annual rate of inflation, calculated on point to point basis, for ‘Primary Articles’ stood at 11.29 percent (Provisional) for the week ended 20/09/2008. It was 6.21 percent as on 22/09/2007 I.e. A year ago.
The annual rate of inflation for ‘Food Articles’ stood at 7.52 percent (Provisional) for the week ended 20/09/2008. It was 4.32 percent as on 22/09/2007 I.e. A year ago.
2. FUEL, POWER, LIGHT & LUBRICANTS (Weight 14.23%)
The index for this major group remained unchanged at its previous week's level of 375.3 (Provisional).
3. MANUFACTURED PRODUCTS (Weight 63.75%)
The index for this major group rose by 0.1 percent to 207.5 (Provisional) from 207.4 (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 declined by 0.5 percent to 213.4 (Provisional) from 214.4 (Provisional) for the previous week due to lower prices of imported edible oil (6%), rice bran oil (4%), cotton seed oil (3%), coconut oil (2%) and groundnut oil, oilcakes, khandsari and rape & mustard oil (1% each). However, the prices of unrefined oil (1%) moved up.
The index for 'Paper & Paper Products' group rose by 0.9 percent to 203.4 (Provisional) from 201.5 (Provisional) for the previous week due to higher prices of pulp (25%) and map litho paper (2%).
The index for 'Rubber & Plastic Products' group declined by 0.2 percent to 165.7 (Provisional) from 166.0 (Provisional) for the previous week due to lower prices of suitcases (5%).
The index for 'Chemicals & Chemical Products' group rose by 0.2 percent to 223.5 (Provisional) from 223.1 (Provisional) for the previous week due to higher prices of safety matches (24%) and sulpha methoxozole (5%).
The index for 'Basic Metals, Alloys & Metal Products' group rose by 0.2 percent to 299.7 (Provisional) from 299.1 (Provisional) for the previous week due to higher prices of foundary pig iron and basic pig iron (2% each) and zinc ingots (1%).
The index for 'Machinery & Machine Tools' group rose by 0.1 percent to 176.4 (Provisional) from 176.3 (Provisional) for the previous week due to higher prices of powerlooms automatic and roller bearings (8% each) and textile machinery parts (2%). However, the prices of ring spinning & doubling frames (5%) declined.
The index for 'Transport, Equipment & Parts' group rose by 0.7 percent to 176.3 (Provisional) from 175.0 (Provisional) for the previous week due to higher prices of springs (6%), truck chassis (diesel) (3%) and bus chassis (diesel) (1%).
4. FINAL INDEX FOR THE WEEK ENDED 26th July 2008.
For the week ended 26/07/2008, the final wholesale price index for 'All Commodities’ (Base: 1993-94=100) stood at 240.7 as compared to 239.6 (Provisional) and annual rate of inflation based on final index, calculated on point to point basis, stood at 12.53 percent as compared to 12.01 percent (Provisional) reported earlier vide press note dated 08/08/2008.
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