Thursday, August 13, 2009

Index Numbers of Wholesale Prices in India (Base: 1993-94=100)


Review for the week ended 1st August 2009

The official Wholesale Price Index for 'All Commodities' (Base: 1993-94 = 100) for the week ended 1st August 2009 rose by 0.1 percent to 237.2 (Provisional) from 236.9 (Provisional) for the previous week. 

The annual rate of inflation, calculated on point to point basis, stood at -1.74 percent (Provisional) for the week ended 01/08/2009 (over 02/08/2008) as compared to -1.58 percent (Provisional) for the previous week (ended 25/07/2009) and 12.91 percent during the corresponding week (ended 02/08/2008) 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 rose by 0.1 percent to 262.5 (Provisional) from 262.2 (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 rose by 0.2 percent to 261.4 (Provisional) from 261.0 (Provisional) for the previous week due to higher prices of barley, jowar and gram (2% each) and condiments & spices, arhar and fruits & vegetables (1% each). However, the prices of tea (9%) declined. 

The index for 'Non-Food Articles' group rose marginally to 241.6 (Provisional) from 241.5 (Provisional) for the previous week due to higher prices of raw silk (3%) and fodder and gingelly seed (1% each). 

2. FUEL, POWER, LIGHT & LUBRICANTS (Weight 14.23%) 

The index for this major group rose marginally to 338.3 (Provisional) from 338.2 (Provisional) for the previous week due to higher prices of aviation turbine fuel (2%). 

3. MANUFACTURED PRODUCTS (Weight 63.75%) 

The index for this major group rose by 0.1 percent to 205.9 (Provisional) from 205.6 (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 Products' group rose by 0.1 percent to 231.6 (Provisional) from 231.3 (Provisional) for the previous week due to higher prices of imported edible oil (5%), unrefined oil (3%) and khandsari and sugar (1% each). However, the prices of rice bran oil and cotton seed oil (1% each) declined. 

The index for 'Beverages Tobacco & Tobacco Products' group rose by 0.4 percent to 305.5 (Provisional) from 304.4 (Provisional) for the previous week due to higher prices of beer & alcohol (13%). 

The index for 'Textiles' group rose by 0.2 percent to 143.9 (Provisional) from 143.6 (Provisional) for the previous week due to higher prices of woollen cloth and texturised yarn (2% each) and polyester staple fibre (1%). 

The index for 'Chemicals & Chemical Products' group rose by 0.1 percent to 227.4 (Provisional) from 227.1 (Provisional) for the previous week due to higher prices of purified terephthalic acid (pta) (13%) and benzene (9%). 

The index for 'Non-Metallic Mineral Products' group rose by 1.5 percent to 225.9 (Provisional) from 222.5 (Provisional) for the previous week due to higher prices of electrodes (22%). 

The index for 'Basic Metals Alloys & Metal Products' group declined by 0.1 percent to 255.0 (Provisional) from 255.2 (Provisional) for the previous week due to lower prices of basic pig iron and foundry pig iron (2% each) and other iron steel (1%). However, the prices of zinc (9%), lead ingots (3%) and zinc ingots (1%) moved up. 

The index for 'Machinery & Machine Tools' group declined by 0.2 percent to 171.6 (Provisional) from 171.9 (Provisional) for the previous week due to lower prices of acsr conductors (20%), cranes (5%). However, the prices of air & gas compressors (3%) moved up. 

4. FINAL INDEX FOR THE WEEK ENDED 6th June 2009 

For the week ended 06/06/2009, the final wholesale price index for 'All Commodities’ (Base:1993-94=100) stood at 234.1 as compared to 232.7 (Provisional) and annual rate of inflation based on final index, calculated on point to point basis, stood at -1.01 percent as compared to -1.61 percent (Provisional) reported earlier vide press note dated 19/06/2009.

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