The official Wholesale Price Index for ‘All Commodities’ (Base: 1993-94 = 100) for the week ended 21st February, 2009 declined by 0.1 percent to 227.6 (Provisional) from 227.8 (Provisional) for the previous week.
The annual rate of inflation, calculated on point to point basis, stood at 3.03 percent (Provisional) for the week ended 21/02/2009 (over 23/02/2008) as compared to 3.36 percent (Provisional) for the previous week (ended 14/02/2009) and 5.69 percent during the corresponding week (ended23/02/2008) of the previous year.
The movement of the index for the various commodity groups is summarized below:-
1. PRIMARY ARTICLES (Weight 22.02%)
The index for this major group declined by 0.2 percent to 247.5 (Provisional) from 248.1 (Provisional) for the previous week. 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 243.3 (Provisional) from 244.2 (Provisional) for the previous week due to lower prices of masur (3%), tea and fruits & vegetables (2% each) and bajra, jowar and gram (1% each). However, the prices of maize (2%) and arhar (1%) moved up.
The index for ‘Non-Food Articles’ group declined marginally to 228.3 (Provisional) from 228.4 (Provisional) for the previous week due to lower prices of raw silk (7%), copra (3%) and rape & mustard seed and gingelly seed (1% each). However, the prices of raw rubber (3%) moved up.
2. FUEL, POWER, LIGHT & LUBRICANTS (Weight 14.23%)
The index for this major group remained unchanged at its previous week's level of 323.5 (Provisional). However, there was 4% decline in price of aviation turbine fuel and 1% increase in the price of furnace oil during the week.
The index for this major group declined by 0.1 percent to 199.3 (Provisional) from 199.5 (Provisional) for the previous week. The groups and items for which the index showed variations during the week are as follows:-
The index for ‘Textiles’ group declined by 0.1 percent to 140.5 (Provisional) from 140.7 (Provisional) for the previous week due to lower prices of hessian & sacking bags and hessian cloth (2% each).
The index for ‘Basic Metals Alloys & Metal Products’ group declined by 0.6 percent to 255.8 (Provisional) from 257.4 (Provisional) for the previous week due to lower prices of nickel alloy (24%), alloy stainless steel (21%), zinc ingots (8%), ms bars & rounds (6%), alloy steel casting and pipes & tubes (5%), angles, channels & sections (3%), other iron steel (2%) and lead ingots (1%). However, the prices of joist & rolls (17%) and foundary pig iron and basic pig iron (3% each) moved up.
The index for ‘Machinery & Machine Tools’ group rose by 0.1 percent to 172.3 (Provisional) from 172.2 (Provisional) for the previous week due to higher prices of other electrical equipment & systems and power driven pumps (2% each).
The index for ‘Transport Equipment & Parts’ group declined by 0.3 percent to 175.6 (Provisional) from 176.1 (Provisional) for the previous week due to lower prices of bus chassis (diesel) (5%).
4. FINAL INDEX FOR THE WEEK ENDED 27th December, 2008
For the week ended 27/12/2008, the final wholesale price index for ‘All Commodities’ (Base: 1993-94=100) stood at 229.4 as compared to 229.5 (Provisional) and annual rate of inflation based on final index, calculated on point to point basis, stood at 5.86 percent as compared to 5.91 percent (Provisional) reported earlier vide press note dated 09/01/2009
The annual rate of inflation, calculated on point to point basis, stood at 3.03 percent (Provisional) for the week ended 21/02/2009 (over 23/02/2008) as compared to 3.36 percent (Provisional) for the previous week (ended 14/02/2009) and 5.69 percent during the corresponding week (ended23/02/2008) of the previous year.
The movement of the index for the various commodity groups is summarized below:-
1. PRIMARY ARTICLES (Weight 22.02%)
The index for this major group declined by 0.2 percent to 247.5 (Provisional) from 248.1 (Provisional) for the previous week. 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 243.3 (Provisional) from 244.2 (Provisional) for the previous week due to lower prices of masur (3%), tea and fruits & vegetables (2% each) and bajra, jowar and gram (1% each). However, the prices of maize (2%) and arhar (1%) moved up.
The index for ‘Non-Food Articles’ group declined marginally to 228.3 (Provisional) from 228.4 (Provisional) for the previous week due to lower prices of raw silk (7%), copra (3%) and rape & mustard seed and gingelly seed (1% each). However, the prices of raw rubber (3%) moved up.
2. FUEL, POWER, LIGHT & LUBRICANTS (Weight 14.23%)
The index for this major group remained unchanged at its previous week's level of 323.5 (Provisional). However, there was 4% decline in price of aviation turbine fuel and 1% increase in the price of furnace oil during the week.
The index for this major group declined by 0.1 percent to 199.3 (Provisional) from 199.5 (Provisional) for the previous week. The groups and items for which the index showed variations during the week are as follows:-
The index for ‘Textiles’ group declined by 0.1 percent to 140.5 (Provisional) from 140.7 (Provisional) for the previous week due to lower prices of hessian & sacking bags and hessian cloth (2% each).
The index for ‘Basic Metals Alloys & Metal Products’ group declined by 0.6 percent to 255.8 (Provisional) from 257.4 (Provisional) for the previous week due to lower prices of nickel alloy (24%), alloy stainless steel (21%), zinc ingots (8%), ms bars & rounds (6%), alloy steel casting and pipes & tubes (5%), angles, channels & sections (3%), other iron steel (2%) and lead ingots (1%). However, the prices of joist & rolls (17%) and foundary pig iron and basic pig iron (3% each) moved up.
The index for ‘Machinery & Machine Tools’ group rose by 0.1 percent to 172.3 (Provisional) from 172.2 (Provisional) for the previous week due to higher prices of other electrical equipment & systems and power driven pumps (2% each).
The index for ‘Transport Equipment & Parts’ group declined by 0.3 percent to 175.6 (Provisional) from 176.1 (Provisional) for the previous week due to lower prices of bus chassis (diesel) (5%).
4. FINAL INDEX FOR THE WEEK ENDED 27th December, 2008
For the week ended 27/12/2008, the final wholesale price index for ‘All Commodities’ (Base: 1993-94=100) stood at 229.4 as compared to 229.5 (Provisional) and annual rate of inflation based on final index, calculated on point to point basis, stood at 5.86 percent as compared to 5.91 percent (Provisional) reported earlier vide press note dated 09/01/2009
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