Friday, November 6, 2009

Wholesale Price Index for ‘Primary Articles’ and ‘Fuel, Power, Light & Lubricants’ (Base: 1993-94=100)Review for the week ended 24th October, 2009  

As per the decision of the Cabinet Committee of Economic Affairs (CCEA), the weekly release of Wholesale Price Index will henceforth cover only the Primary Articles and commodities in the broad group “Fuel, Power, Light & Lubricants”. Monthly WPI covering all commodities will be released for the month of October, 2009 next week (November 12, 2009).



The WPI for the week ending October 24th, 2009 in respect of Primary Articles and commodities in the broad group “Fuel, Power, Light & Lubricants” is given below.



PRIMARY ARTICLES (Weight 22.02%):



The index for this major group declined by 0.1 percent to 273.0 (Provisional) from 273.3 (Provisional) for the previous week.



The annual rate of inflation, calculated on point to point basis, stood at 8.94 percent (Provisional) for the week ended 24/10/2009 over (25/10/2008) as compared to 8.67 percent (Provisional) for the previous week (ended 17/10/2009) and 11.73 percent during the corresponding week (ended 25/10/2008) of the previous year.



The groups and items for which the index showed variations during the week are as follows:-



The index for 'Food Articles' group declined by 0.3 percent to 277.7 (Provisional) from 278.4 (Provisional) for the previous week due to lower prices of fish-marine (3%), fruits & vegetables (2%) and barley and jowar (1% each). However, the prices of moong (3%), wheat and bajra (2% each) and condiments & spices and gram (1% each) moved up.



The index for 'Non-Food Articles' group rose by 0.2 percent to 236.3 (Provisional) from 235.8 (Provisional) for the previous week due to higher prices of raw silk (6%), raw rubber (3%) and castor seed, rape & mustard seed, raw cotton and copra (1% each). However, the prices of raw wool (6%) and linseed and groundnut seed (1% each) declined.



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



The index for this major group remained unchanged at its previous week's level of 344.9 (Provisional).



The annual rate of inflation, calculated on point to point basis, remained unchanged at its previous week’s level of (-) 6.20 percent (Provisional) for the week (ended 24/10/2009). It was 13.59 percent during the corresponding week (ended 25/10/2008) of the previous year.

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