Friday, December 5, 2008

Index Numbers of Wholesale Prices in India (Base: 1993-94=100) Review for the week ended 22nd November 2008

 
The official Wholesale Price Index for 'All Commodities' (Base: 1993-94 = 100)for the week ended 22nd November 2008 declined by 0.6 percent to 233.7 (Provisional) from 235.1(Provisional) for the previous week. 

The annual rate of inflation, calculated on point to point basis, stood at 8.40 percent (Provisional) for the week ended 22/11/2008 (over 24/11/2007) as compared to 8.84 percent (Provisional) for the previous week (ended15/11/2008) and 3.11 percent during the corresponding week (ended 24/11/2007)of the previous year. 

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 250.5 (Provisional) from 250.2 (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 0.4 percent to 245.6 (Provisional) from 244.6 (Provisional) for the previous week due to higher prices of coffee (6%), fish-marine and masur (3% each) and rice, eggs, arhar, fruits & vegetables and gram (1% each). However, the prices of maize and bajra (3% each) and ragi and tea (1% each) declined. 

The index for 'Non-Food Article ' group declined by 0.6 percent to 234.3 (Provisional) from 235.8 (Provisional) for the previous week due to lower prices of raw rubber (17%) and raw cotton (1%). However, the prices of sunflower and raw silk (1% each) moved up. 

The annual rate of inflation, calculated on point-to-point basis, for ‘Primary Articles’ stood at 11.98 percent (Provisional for the week ended 22/11/2008 as compared to 11.90 percent (Provisional) in the previous week. It was 4.68 percent as on 24/11/2007 i.e, a year ago. 

The annual rate of inflation for ‘Food Articles’ stood at 10.43 percent (Provisional) for the week ended 22/11/2008 as compared to 9.93 percent (Provisional) in the previous week. It was 3.01 percent as on 24/11/2007 i.e. a year ago. 

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

The index for this major group declined by 2.3 percent to 345.0 (Provisional) from 353.3 (Provisional) for the previous week due to lower prices of furnace oil (23%), aviation turbine fuel (14%), naphtha (13%), Light diesel oil (11%) and bitumen (8%). 

3. MANUFACTURED PRODUCTS (Weight 63.75%) 

The index for this major group declined by 0.2 percent to 203.1 (Provisional) from 203.5 (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 0.9 percent to 199.8 (Provisional) from 201.6 (Provisional) for the previous week due to lower prices of oil cakes (7%) and soyabean oil (6%). However, the prices of gur and coffee powder (3% each) and sugar (1%) moved up. 

The index for 'Textiles' group declined by 0.1 percent to 141.7 (Provisional) from 141.8 (Provisional) for the previous week due to lower prices of texturised yarn (5%). 

The index for 'Rubber & Plastic Products' group declined by 0.2 percent to 167.9 (Provisional) from 168.2 (Provisional) for the previous week due to lower prices of pvc fitting & accessories (11%). 

The index for 'Chemicals & Chemical Products' group declined by 0.1 percent to 223.7 (Provisional) from 223.9 (Provisional) for the previous week due to lower prices of p.v.c. resins (8%) and calcium ammonium nitrate n-content (2%). 

The index for 'Non-Metallic Mineral Products' group rose by 0.1 percent to 218.3 (Provisional) from 218.1 (Provisional) for the previous week due to marginal increase in the prices of cement. 

The index for 'Basic Metals Alloys & Metal Products' group declined by 0.2 percent to 283.6 (Provisional) from 284.1 (Provisional) for the previous week due to lower prices of pipes & tubes (5%) and steel ingots(plain carbon) (3%). However, the prices of zinc ingots (2%) moved up. 

The index for 'Machinery & Machine Tools' group declined by 0.1 percent to 177.0 (Provisional) from 177.1 (Provisional) for the previous week due to lower prices of telephone instruments (46%). The index for 'Transport Equipment & Parts' group rose by 0.3 percent to 177.3 (Provisional) from 176.8 (Provisional) for the previous week due to higher prices of crank shafts (6%) and other automobile spare parts (3%). 

4. FINAL INDEX FOR THE WEEK ENDED 27th September 2008 


For the week ended 27/09/2008, the final wholesale price index for 'All Commodities’ (Base:1993-94=100) stood at 241.3 as compared to 240.7 (Provisional) and annual rate of inflation based on final index, calculated on point to point basis, stood at 12.08 percent as compared to 11.80 percent (Provisional) respectively reported earlier vide press note dated 10/10/2008

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