Friday, October 28, 2011

Wholesale Price Indices for Primary Articles and Fuel & Power in India (Base: 2004-05 = 100)Review for the week ended 15th October, 2011 (23 Asvina, 1933 Saka)

The WPI for the week ended 15th 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 0.3 percent to 204.5 (Provisional) from 203.8 (Provisional) for the previous week.

The annual rate of inflation, calculated on point to point basis, stood at 11.75 percent (Provisional) for the week ended 15/10/2011 (over 16/10/2010) as compared to 11.18 percent (Provisional) for the previous week (ended 08/10/2011).

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

The index for ‘Food Articles’ group rose by 0.2 percent to 200.8 (Provisional) from 200.3 (Provisional) for the previous week due to higher prices of condiments & spices(3%), gram, fish-marine and maize(2% each) and pork (1%). However, the prices of poultry chicken, (5%), bajra(2%) and egg, ragi and urad (1% each) declined.

The index for ‘Non-Food Articles’ group declined by 0.1 percent to 179.7 (Provisional) from 179.8 (Provisional) for the previous week due to lower prices of flowers(7%), gaur seed(6%), raw jute (3%), castor seed, groundnut seed and niger seed (2% each). However, the prices of gingelly seed(3%), raw silk, fodder, and soyabean (2%each) and raw cotton, raw rubber and copra(1%each) moved up.

The index for ‘Minerals’ group rose by 1.8 percent to 309.2 (Provisional) from 303.6 (Provisional) for the previous week due to higher prices of steatite(19%), barites(13%) and crude petroleum(6%). However, the prices of zinc concentrate (13%), sillimanite and copper ore(7%each) and manganese ore and iron ore(3% each) declined.

FUEL & POWER (Weight 14.91%)

The index for this major group remained unchanged at it’s previous week’s level of 170.1.

The annual rate of inflation, calculated on point to point basis, stood at 14.70 percent (Provisional) for the week ended 15/10/2011 (over 16/10/2010) as compared to 15.17 percent (Provisional) for the previous week (ended 08/10/2011).

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