Thursday, November 3, 2011

Wholesale Price Indices for Primary Articles and Fuel & Power in India (Base: 2004-05 = 100) Review for the week ended 22nd October, 2011 (30 Asvina, 1933 Saka)

The WPI for the week ended 22nd October, 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 205.0 (Provisional) from 204.5 (Provisional) for the previous week.

The annual rate of inflation, calculated on point to point basis, stood at 12.08 percent (Provisional) for the week ended 22/10/2011 (over 23/10/2010) as compared to 11.75 percent (Provisional) for the previous week (ended 15/10/2011).

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

The index for 'Food Articles' group rose by 0.7 percent to 202.2 (Provisional) from 200.8 (Provisional) for the previous week due to higher prices of fish-inland (9%), poultry chicken and fish-marine (4% each), egg, condiments & spices and ragi (2% each) and gram, tea and bajra (1% each). However, the prices of moong (3%), masur (2%) and barley, arhar, urad and fruits & vegetables (1% each) declined.

The index for 'Non-Food Articles' group declined by 1.4 percent to 177.2 (Provisional) from 179.7 (Provisional) for the previous week due to lower prices of flowers (20%), raw silk (9%), raw jute (4%), castor seed (3%), sunflower, raw cotton and raw rubber (2% each) and rape & mustard seed (1%). However, the prices of soyabean (4%), gaur seed (3%) and copra and groundnut seed (1% each) moved up.

FUEL & POWER (Weight 14.91%)

The index for this major group declined by 0.2 percent to 169.8 (Provisional) from 170.1 (Provisional) for the previous week due to lower prices of light diesel oil (5%), furnace oil, naphtha and aviation turbine fuel (1% each). However, the prices of bitumen (1%) moved up.

The annual rate of inflation, calculated on point to point basis, stood at 14.50 percent (Provisional) for the week ended 22/10/2011 (over 23/10/2010) as compared to 14.70 percent (Provisional) for the previous week (ended 15/10/2011).

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