Annual year-on-year rate of inflation, which had hovered below 0.5 per cent for 6 weeks since March 2009, increased by 31 basis points to 0.57 per cent in the week ended April 18, 2009 from 0.26 per cent in the previous week.
Year-on-year Inflation by Commodity groups Inflation rates by commodity groups in this week are as follows:
i. Primary Articles: inflation increased by 132 basis points to 5.7 per cent in the current week, from 4.4 per cent in the week ended April 11, 2009. In ‘food articles’, inflation was higher at 7.4 per cent, compared to 7.1 per cent in the earlier week. In ‘non-food articles’, inflation increased to 1.9 per cent compared to 1.3 per cent in the previous week. In ‘minerals’, the rate of inflation turned positive at 3.5 per cent after eleven weeks of negative rates.
ii. Fuel and Power: negative inflation has eased marginally to (-) 5.8 per cent in the week as against (-) 5.9 per cent in the previous week.
iii. Manufactured Products: inflation rate increased marginally to 1 per cent in the current week, from 0.9 per cent in the earlier week, following increased rate in food products (sugar and oil cakes).
Inflation in the food index (wt = 25.43 per cent) for the week ended April 18, 2009 increased to 7.7 per cent from 6.9 per cent in the previous week. In its sub-component of primary food, the increased rate of inflation came from cereals, pulses, fruits, condiments & spices and tea. In the sub-group of manufactured food, inflation has been higher in sugar and negative inflation has eased in edible oils.
No comments:
Post a Comment