core sector communique

PRIMARY ARTICLES (Weight 20.12%)

The index for this major group declined by 0.1 percent to 202.4 (Provisional) from 202.7 (Provisional) for the previous week.



The annual rate of inflation, calculated on point to point basis, stood at 10.84 percent (Provisional) for the week ended 24/09/2011 (over 25/09/2010) as compared to 11.43 percent (Provisional) for the previous week (ended 17/09/2011).



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



The index for `Food Articles` group rose by 0.2 percent to 197.7 (Provisional) from 197.3 (Provisional) for the previous week due to higher prices of fish-inland (13%), gram (4%), ragi, egg, urad and condiments & spices (2% each) and masur, moong, arhar, fruits & vegetables, rice, pork and barley (1% each). However, the prices of fish-marine (14%) and jowar, maize, tea, bajra and poultry chicken (1% each) declined.



The index for `Non-Food Articles` group declined by 1.5 percent to 182.1 (Provisional) from 184.8 (Provisional) for the previous week due to lower prices of raw silk (6%), raw cotton and coir fibre (5% each), castor seed, safflower (kardi seed) and copra (3% each), flowers (2%) and sunflower, raw rubber and rape & mustard seed (1% each). However, the prices of gingelly seed (3%), linseed (2%) and gaur seed, cotton seed and soyabean (1% each) moved up.



FUEL & POWER (Weight 14.91%)



The index for this major group remained unchanged at its previous week`s level of 169.4 (Provisional)



The annual rate of inflation, calculated on point to point basis, has also remained unchanged at its previous week’s level of 14.69 percent (Provisional) for the week ended 24/09/2011 (over 25/09/2010).