Review for the week ended 9th May 2009
The official Wholesale Price Index for 'All Commodities' (Base: 1993-94 = 100) for the week ended 9th May 2009 rose by 0.2 percent to 232.0 (Provisional) from 231.6 (Provisional) for the previous week.
The annual rate of inflation, calculated on point to point basis, stood at 0.61 percent (Provisional) for the week ended 09/05/2009 (over 10/05/2008) as compared to 0.48 percent (Provisional) for the previous week (ended 02/05/2009) and 8.57 percent during the corresponding week (ended10/05/2008) 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 0.5 percent to 256.0 (Provisional) from 254.7 (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 by 0.6 percent to 251.5 (Provisional) from 250.0 (Provisional) for the previous week due to higher prices of tea (11%), ragi (4%), bajra (3%), jowar and condiments & spices (2% each) and fruits & vegetables, moong, rice, wheat, masur and arhar (1% each). However, the prices of urad (4%), barley (2%) and maize (1%) declined.
The index for 'Non-Food Articles' group rose by 0.4 percent to 234.3 (Provisional) from 233.3 (Provisional) for the previous week due to higher prices of raw cotton and raw silk (2% each) and rape & mustard seed, gingelly seed and castor seed (1% each). However, the prices of copra (3%) and raw rubber (2%) declined.
2. FUEL, POWER, LIGHT & LUBRICANTS (Weight 14.23%)
The index for this major group remained unchanged at its previous week's level of 323.7 (Provisional)
3. MANUFACTURED PRODUCTS (Weight 63.75%)
The index for this major group rose by 0.1 percent to 203.3 (Provisional) from 203.0 (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 0.4 percent to 231.4 (Provisional) from 230.5 (Provisional) for the previous week due to higher prices of rice bran oil (4%), oil cakes (2%) and gur, imported edible oil, bran (all kinds) and gingelly oil (1% each). However, the prices of sooji (rawa), coconut oil and maida (2% each) and khandsari, salt and atta (1% each) declined.
The index for 'Textiles' group rose by 0.6 percent to 141.2 (Provisional) from 140.4 (Provisional) for the previous week due to higher prices of synthetic yarn and hessian & sacking bags (4% each) and hessian cloth (3%).
The index for 'Paper & Paper Products' group declined by 0.2 percent to 203.5 (Provisional) from 204.0 (Provisional) for the previous week due to lower prices of newsprint (2%) and other boards (all kinds) (1%).
The index for 'Chemicals & Chemical Products' group rose by 0.05 percent to 217.7 (Provisional) from 217.6 (Provisional) for the previous week due to higher prices of carbon black (3%). However, the prices of liquid chlorine (3%) and caustic soda (1%) declined.
The index for ' Basic Metals Alloys & Metal Products ' group rose by 0.1 percent to 255.7 (Provisional) from 255.5 (Provisional) for the previous week due to higher prices of steel ingots (7%), lead ingots (3%) and zinc ingots and zinc (2% each).
4. FINAL INDEX FOR THE WEEK ENDED 14th March 2009
For the week ended 14/03/2009, the final wholesale price index for 'All Commodities’ (Base:1993-94=100) stood at 228.0 as compared to 227.0 (Provisional) and annual rate of inflation based on final index, calculated on point to point basis, stood at 0.71 percent as compared to 0.27 percent (Provisional) reported earlier
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