Index for textiles group decline for the week ended July 12

25 Jul '08

3 min read

The official Wholesale Price Index for 'All Commodities' (Base: 1993-94 = 100) for the week ended 12th July 2008 rose by 0.1 percent to 239.0 (Provisional) from 238.7 (Provisional) for the previous week.

The annual rate of inflation, calculated on point to point basis, stood at 11.89 percent (Provisional) for the week ended 12/07/2008 (over 14/07/2007) as compared to 11.91 percent (Provisional) for the previous week. The annual rate of inflation stood at 4.76 percent as on 14/07/2007 i.e. a year ago.

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 0.6 percent to 247.5 (Provisional) from 246.1 (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 rose by 0.6 percent to 235.7 (Provisional) from 234.4 (Provisional) for the previous week due to higher prices of coffee (8%), fruits & vegetables, urad and mutton (2% each) and arhar, moong and jowar (1% each). However, the prices of fish-marine (3%), tea (2%) and condiments & spices and maize (1% each) declined.

The index for 'Non-Food Articles' group rose by 0.8 percent to 245.3 (Provisional) from 243.3 (Provisional) for the previous week due to higher prices of sunflower and raw rubber (3% each), rape & mustard seed, castor seed and gingelly seed (2% each) and raw cotton (1%).

2. FUEL, POWER, LIGHT & LUBRICANTS (Weight 14.23%)
The index for this major group remained unchanged at its previous week's level of 376.3 (Provisional).

3. MANUFACTURED PRODUCTS (Weight 63.75%)
The index for this major group rose by 0.05 percent to 205.5 (Provisional) from 205.4 (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 211.4 (Provisional) from 211.2 (Provisional) for the previous week due to higher prices of coffee powder (6%) and khandsari, gingelly oil and oilcakes (1% each).

However, the prices of rice bran oil (2%) and imported edible oil, cotton seed oil and groundnut oil (1% each) declined.

The index for 'Textiles' group declined by 0.1 percent to 139.6 (Provisional) from 139.8 (Provisional) for the previous week due to lower prices of texturised yarn and hessian & sacking bags (2% each) and hessian cloth (1%). However, the prices of tyre cord fabric (1%) moved up.

The index for 'Basic Metals, Alloys & Metal Products' group rose marginally to 298.9 (Provisional) from 298.8 (Provisional) for the previous week due to higher prices of lead ingots (6%) and zinc ingots (3%).

The index for 'Machinery & Machine Tools' group rose by 0.2 percent to 175.0 (Provisional) from 174.7 (Provisional) for the previous week due to higher prices of other electrical equipment & systems (2%) and enamelled copper wires (1%).

4. FINAL INDEX FOR THE WEEK ENDED 17th May 2008.
For the week ended 17/05/2008, the final wholesale price index for 'All Commodities' (Base: 1993-94=100) stood at 230.8 as compared to 229.6 (Provisional) and annual rate of inflation based on final index, calculated on point to point basis, stood at 8.66 percent as compared to 8.10 percent (Provisional) reported earlier vide press note dated 30/05/2008.

Press Information Bureau Government of India

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