Thursday, December 1, 2011

Wholesale Price Indices for Primary Articles and Fuel & Power in India (Base: 2004-05 = 100) Review for the week ended 19th November, 2011 (28 Kartika, 1933 Saka)

The WPI for the week ended 19th November, 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 0.7 percent to 200.4 (Provisional) from 201.9 (Provisional) for the previous week.

The annual rate of inflation, calculated on point to point basis, stood at 7.74 percent (Provisional) for the week ended 19/11/2011 (over 20/11/2010) as compared to 9.08 percent (Provisional) for the previous week (ended 12/11/2011).

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

The index for `Food Articles` group declined by 1.4 percent to 195.7 (Provisional) from 198.5 (Provisional) for the previous week due to lower prices of fruits & vegetables (5%), ragi (3%), fish-marine(2%) and jowar, gram, masur, poultry chicken and condiments & spices(1% each). However, the prices of maize, milk, mutton, pork and tea(1% each) moved up.

The index for `Non-Food Articles` group rose by 1.1 percent to176.7(Provisional) from 174.7 (Provisional) for the previous week due to higher prices of flowers (12%), coir fibre and gingelly seed(4% each), groundnut seed and raw rubber (3% each), raw silk and copra(2% each) and rape & mustard seed, cotton seed and soyabean(1% each). However, the prices of niger seed(3%), linseed(2%) and raw cotton, and raw jute(1% each) declined.

The index for `Minerals` group rose by 0.2 percent to 311.1 (Provisional) from 310.5 (Provisional) for the previous week due to higher prices of bauxite (9%), barytes (7%) and chromite (1%). However, the higher prices of steatite (13%) and magnesite(1%) declined.

FUEL & POWER (Weight 14.91%)

The index for this major group rose by 0.2 percent to 171.8(Provisional) from 171.5(Provisional) for the previous week due to higher prices of naphtha and furnace oil (3% each) and aviation turbine fuel (2%). However, the prices of petrol (3%) and light diesel oil (2%) declined.

The annual rate of inflation, calculated on point to point basis, stood at 15.53 percent (Provisional) for the week ended 19/11/2011 (over 20/11/2010) as compared to 15.49 percent (Provisional) for the previous week (ended 12/11/2011).

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