core sector communique

Wholesale Price Indices for Primary Articles and Fuel & Power in India (Base: 2004-05 = 100) Review for the week ended 16th July, 2011 (25 Asadha, 1933 Saka)




The WPI for the week ended 16th July, 2011 in respect of ‘Primary Articles’ and ‘Fuel & Power’ is given below:



PRIMARY ARTICLES (Weight 20.12%)

The index for this major group rose by 0.2 percent to 198.0 (Provisional) from 197.7 (Provisional) for the previous week.



The annual rate of inflation, calculated on point to point basis, stood at 10.49 percent (Provisional) for the week ended 16/07/2011 (over 17/07/2010) as compared to 11.13 percent (Provisional) for the previous week (ended 09/07/2011).



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 193.3 (Provisional) from 191.7 (Provisional) for the previous week due to higher prices of fish-inland, fruits & vegetables and fish-marine (2% each) and bajra, gram, condiments & spices, rice and tea (1% each). However, the prices of jowar (4%), ragi and poultry chicken (2% each) and masur, arhar and egg (1% each) declined.



The index for 'Non-Food Articles' group rose by 0.3 percent to 176.4 (Provisional) from 175.9 (Provisional) for the previous week due to higher prices of flowers (16%), groundnut seed (10%), gaur seed (3%) and rape & mustard seed and castor seed (1% each). However, the prices of raw cotton (6%), raw silk (3%), copra and raw rubber (2% each) and gingelly seed, fodder and linseed (1% each) declined.



The index for 'Minerals' group declined by 3.7 percent to 303.0 (Provisional) from 314.7 (Provisional) for the previous week due to lower prices of zinc concentrate (33%), barytes and limestone (12% each), iron ore (10%), steatite (8%) and chromite (2%). However, the prices of bauxite (11%) and sillimanite (5%) moved up.



FUEL & POWER (Weight 14.91%)



The index for this major group remained unchanged at its previous week's level of 165.6 (Provisional).



The annual rate of inflation, calculated on point to point basis, stood at 12.12 percent (Provisional) for the week ended 16/07/2011 (over 17/07/2010) as compared to 11.89 percent (Provisional) for the previous week (ended 09/07/2011).