Thursday, December 29, 2011

Wholesale Price Indices for Primary Articles and Fuel & Power in India (Base: 2004-05 = 100) Review for the week ended 17th December, 2011 (26 Agrahayana, 1933 Saka)

The WPI for the week ended 17th December, 2011 in respect of ‘Primary Articles’ and ‘Fuel & Power’ is given below:

PRIMARY ARTICLES (Weight 20.12%)

The index for this major group declined by 0.1 percent to 197.5 (Provisional) from 197.7 (Provisional) for the previous week.

The annual rate of inflation, calculated on point to point basis, stood at 2.70 percent (Provisional) for the week ended 17/12/2011 (over 18/12/2010) as compared to 3.78 percent (Provisional) for the previous week (ended 10/12/2011).

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

The index for ‘Food Articles’ group declined by 0.4 percent to 190.3 (Provisional) from 191.0 (Provisional) for the previous week due to lower prices of fruits & vegetables (4%), jowar (3%), tea and arhar (2% each) and ragi, urad and condiments & spices (1% each). However, the prices of fish-marine (7%), poultry chicken (2%) and moong, masur, maize, fish-inland and bajra (1% each) moved up.

The index for ‘Non-Food Articles’ group rose by 0.1 percent to 177.6 (Provisional) from 177.4 (Provisional) for the previous week due to higher prices of gaur seed (8%), safflower (4%), fodder and sunflower (2% each) and linseed, rape & mustard seed, groundnut seed, soyabean and copra (1% each).

However, the prices of raw silk (5%), raw jute and castor seed (2% each) and flowers, gingelly seed, raw rubber and raw cotton (1% each) declined.

The index for ‘Minerals’ group rose by 1.4 percent to 321.4 (Provisional) from 317.1 (Provisional) for the previous week due to higher prices of iron ore (7%), dolomite (6%), barytes (5%) and magnesite (2%). However, the prices of copper ore (7%) and chromite (1%) declined.

FUEL & POWER (Weight 14.91%)

The index for this major group rose by 0.2 percent to 172.7 (Provisional) from 172.4 (Provisional) for the previous week due to higher prices of furnace oil (4%), light diesel oil (3%) and bitumen (1%). However, the prices of aviation turbine fuel (2%) and naphtha (1%) declined.

The annual rate of inflation, calculated on point to point basis, stood at 14.37 percent (Provisional) for the week ended 17/12/2011 (over 18/12/2010) as compared to 15.24 percent (Provisional) for the previous week (ended 10/12/2011).

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