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

Review for the week ended 27th June 2009

The official Wholesale Price Index for 'All Commodities' (Base: 1993-94 = 100) for the week ended 27th June 2009 rose by 0.04 percent to 234.7 (Provisional) from 234.6 (Provisional) for the previous week. 

The annual rate of inflation, calculated on point to point basis, stood at -1.55 percent (Provisional) for the week ended 27/06/2009 (over 28/06/2008) as compared to -1.30 percent (Provisional) for the previous week (ended 20/06/2009) and 12.03 percent during the corresponding week (ended 28/06/2008) 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 0.3 percent to 258.5 (Provisional) from 257.6 (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 0.5 percent to 254.0 (Provisional) from 252.8 (Provisional) for the previous week due to higher prices of fish-marine (10%), arhar and fruits & vegetables (2% each) and urad and moong (1% each). However, the prices of eggs (10%), tea (3%), bajra (2%) and maize and masur (1% each) declined. 

The index for ‘Non-Food Articles’ group rose by 0.1 percent to 237.0 (Provisional) from 236.8 (Provisional) for the previous week due to higher prices of linseed (3%), raw wool (2%) and raw rubber, groundnut seed and raw cotton (1% each). However, the prices of niger seed (19%), sunflower (3%), copra (2%) and raw silk and rape & mustard seed (1% each) declined. 

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

The index for this major group remained unchanged at its previous week's level of 327.9 (Provisional) 

3. MANUFACTURED PRODUCTS (Weight 63.75%) 

The index for this major group declined by 0.1 percent to 205.7 (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 declined by 0.2 percent to 232.8 (Provisional) from 233.3 (Provisional) for the previous week due to lower prices of coconut oil (2%) and oil cakes and groundnut oil (1% each). However, the prices of butter, rice bran oil and imported edible oil (1% each) moved up. 

The index for 'Textiles' group rose by 0.4 percent to 143.7 (Provisional) from 143.1 (Provisional) for the previous week due to higher prices of hessian cloth (7%), hessian & sacking bags (4%) and woollen cloth (1%). 

The index for 'Paper & Paper Products' group declined by 0.2 percent to 204.6 (Provisional) from 205.0 (Provisional) for the previous week due to lower prices of printing paper white (1%). 

The index for 'Rubber & Plastic Products' group declined by 0.1 percent to 168.0 (Provisional) from 168.2 (Provisional) for the previous week due to lower prices of decorative laminates (5%). 

The index for 'Chemicals & Chemical Products' group declined by 0.6 percent to 226.9 (Provisional) from 228.3 (Provisional) for the previous week due to lower prices of epoxy resins (35%), calcium ammonium nitrate n-content (16%) and methanol (3%). 

The index for 'Non-Metallic Mineral Products' group rose by 0.9 percent to 222.8 (Provisional) from 220.9 (Provisional) for the previous week due to higher prices of cement (1%). 

The index for 'Basic Metals Alloys & Metal Products' group declined by 0.2 percent to 254.8 (Provisional) from 255.2 (Provisional) for the previous week due to lower prices of cast iron casting (12%), alloy steel casting (5%) and steel ingots (1%). However, the prices of zinc (1%) moved up. The index for 'Machinery & Machine Tools' group rose by 0.2 percent to 171.9 (Provisional) from 171.5 (Provisional) for the previous week due to higher prices of enamelled copper wires (10%). 

4. FINAL INDEX FOR THE WEEK ENDED 2nd May 2009 

For the week ended 02/05/2009, the final wholesale price index for 'All Commodities’ (Base:1993-94=100) stood at 233.9 as compared to 231.6 (Provisional) and annual rate of inflation based on final index, calculated on point to point basis, stood at 1.48 percent