Hessian cloth & synthetic yarn prices decrease

01 Aug '08

3 min read

The official Wholesale Price Index for 'All Commodities' (Base: 1993-94 = 100) for the week ended 19th July 2008 rose by 0.1 percent to 239.3 (Provisional) from 239.0 (Provisional) for the previous week.

The annual rate of inflation, calculated on point to point basis, stood at 11.98 percent (Provisional) for the week ended 19/07/2008 (over 21/07/2007) as compared to 11.89 percent (Provisional) for the previous week. The annual rate of inflation stood at 4.65 percent as on 21/07/2007 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 0.1 percent to 247.7 (Provisional) from 247.5 (Provisional) for the previous week. The groups and items for which the index showed variations during the week are as follows:-

The index for 'Non-Food Articles' group declined marginally to 245.2 (Provisional) from 245.3 (Provisional) for the previous week due to lower prices of gingelly seed and rape & mustard seed (1% each). However, the prices of linseed (2%) and raw rubber (1%) moved up.

The annual rate of inflation, calculated on point to point basis, for 'Primary Articles' stood at 10.24 percent (Provisional) for the week ended 19/07/2008. It was 10.69 percent as on 21/07/2007 i.e. a year ago. .

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 0.2 percent to 205.9 (Provisional) from 205.5 (Provisional) for the previous week. The groups and items for which the index showed variations during the week are as follows:-

The index for 'Textiles' group rose by 0.9 percent to 140.9 (Provisional) from 139.6 (Provisional) for the previous week due to higher prices of cotton yarn-cones (3%) and cotton yarn-'hanks (2%). However, the prices of hessian & sacking bags and hessian cloth (2% each) and synthetic yarn (1%) declined.

The index for 'Basic Metals, Alloys & Metal Products' group rose marginally to 299.0 (Provisional) from 298.9 (Provisional) for the previous week due to higher prices of other iron steel (4%) and lead ingots (2%). However, the prices of zinc (4%) and zinc ingots (3%) declined.

The index for 'Machinery & Machine Tools' group rose by 0.1 percent to 175.2 (Provisional) from 175.0 (Provisional) for the previous week due to higher prices of power driven pumps (4%) and other electrical equipment & systems and boilers, its parts & accessories (1% each).

4. FINAL INDEX FOR THE WEEK ENDED 24th May 2008.
For the week ended 24/05/2008, the final wholesale price index for 'All Commodities' (Base: 1993-94=100) stood at 231.2 as compared to 229.8 (Provisional) and annual rate of inflation based on final index, calculated on point to point basis, stood at 8.90 percent as compared to 8.24 percent (Provisional) reported earlier vide press note dated 06/06/2008.

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Press Information Bureau Government of India

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