Index Numbers of Wholesale Prices in India (Base: 1993-94=100) Review for the week ended 25th July, 2009

PRESS NOTE
The official Wholesale Price Index for ‘All Commodities’ (Base: 1993-94 = 100) for the week ended 25th July, 2009 rose by 0.04 percent to 236.9 (Provisional) from 236.8 (Provisional) for the previous week.
The annual rate of inflation, calculated on point to point basis, stood at -1.58 percent (Provisional) for the week ended 25/07/2009 (over 26/07/2008) as compared to -1.54 percent (Provisional) for the previous week (ended 18/07/2009) and 12.53 percent during the corresponding week (ended 26/07/2008) 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 0.4 percent to 262.2 (Provisional) from 261.1 (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 0.8 percent to 261.0 (Provisional) from 259.0 (Provisional) for the previous week due to higher prices of fish-marine (8%), arhar (4%), urad (2%) and fruits & vegetables, moong, mutton, wheat, masur and condiments & spices (1% each). However, the prices of eggs (2%) declined.
The index for ‘Non-Food Articles’ group declined by 0.4 percent to 241.5 (Provisional) from 242.5 (Provisional) for the previous week due to lower prices of raw wool (11%), soyabean (5%) and niger seed (1%). However, the prices of raw silk (4%) and raw rubber (1%) moved up
2. FUEL, POWER, LIGHT & LUBRICANTS (Weight 14.23%)
The index for this major group remained unchanged at its previous week’s level of 338.2 (Provisional)
3. MANUFACTURED PRODUCTS (Weight 63.75%)
The index for this major group declined by 0.1 percent to 205.6 (Provisional) from 205.7 (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 declined by 0.3 percent to 231.3 (Provisional) from 232.1 (Provisional) for the previous week due to lower prices of oil cakes (3 %) and imported edible oil (1%). However, the prices of cotton seed oil, groundnut oil and sugar (1% each) moved up.
The index for ‘Textiles’ group rose by 0.1 percent to 143.6 (Provisional) from 143.4 (Provisional) for the previous week due to higher prices of cotton yarn-cones (4%) and cotton yarn-hanks (1%). However, the prices of synthetic yarn and hessian cloth (4% each) and texturised yarn and polyester staple fibre (3% each) declined.
The index for ‘Paper & Paper Products’ group declined by 0.2 percent to 204.2 (Provisional) from 204.7 (Provisional) for the previous week due to lower prices of newsprint and printing paper white (1% each).
The index for ‘Basic Metals Alloys & Metal Products’ group rose marginally to 255.2 (Provisional) from 255.1 (Provisional) for the previous week due to higher prices of zinc ingots (3%) and steel ingots, zinc and lead ingots (2% each).
4. FINAL INDEX FOR THE WEEK ENDED 30th May 2009
For the week ended 30/05/2009, the final wholesale price index for ‘All Commodities’ (Base:1993-94=100) stood at 234.4 as compared to 232.6 (Provisional) and annual rate of inflation based on final index, calculated on point to point basis, stood at 0.90 percent as compared to 0.13 percent (Provisional) reported earlier vide press note dated 12/06/2009.
Next date of press release: 13/08/2009 for the week ending 01/08/2009 Office of Economic Adviser, Ministry of Commerce & Industry, New Delhi, 06/08/2009.