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Prices of texturised yarn & synthetic yarn drop
21
Aug '08
The official Wholesale Price Index for 'All Commodities' (Base: 1993-94 = 100) for the week ended 9th August 2008 rose by 0.1 percent to 240.7 (Provisional) from 240.4 (Provisional) for the previous week.

The annual rate of inflation, calculated on point to point basis, stood at 12.63 percent (Provisional) for the week ended 09/08/2008 (over 11/08/2007) as compared to 12.44 percent (Provisional) for the previous week. The annual rate of inflation stood at 4.24 percent as on 11/08/2007 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 marginally to 249.6 (Provisional) from 249.5 (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 by 0.6 percent to 245.3 (Provisional) from 246.7 (Provisional) for the previous week due to lower prices of raw cotton (1% each).

The annual rate of inflation, calculated on point to point basis, for 'Primary Articles' stood at 11.83 percent (Provisional) for the week ended 09/08/2008. It was 9.47 percent as on 11/08/2007 i.e. a year ago.

2. MANUFACTURED PRODUCTS (Weight 63.75%)
The index for this major group rose by 0.2 percent to 206.4 (Provisional) from 206.0 (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 1.6 percent to 143.8 (Provisional) from 141.6 (Provisional) for the previous week due to higher prices of cotton yarn-cones (8%), polyster staple fibre (7%), mixed fabrics and cotton grey cloth & canvas (6% each), other cotton yarn (5%) and hessian & sacking bags (1%). However, the prices of texturised yarn (5%) and cotton yarn-'hanks and synthetic yarn (1% each) declined.

The index for 'Chemicals & Chemical Products' group declined by 0.1 percent to 221.9 (Provisional) from 222.1 (Provisional) for the previous week due to lower prices of purified terephthalic acid (pta) (4%), benzene (3%) and p.v.c. resins (2%).

3. FINAL INDEX FOR THE WEEK ENDED 14th June 2008.
For the week ended 14/06/2008, the final wholesale price index for 'All Commodities' (Base: 1993-94=100) stood at 236.9 as compared to 236.1 (Provisional) and annual rate of inflation based on final index, calculated on point to point basis, stood at 11.80 percent as compared to 11.42 percent (Provisional) reported earlier vide press note dated 27/06/2008.

Press Information Bureau Government of India

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