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Prices of textile machinery parts up by 2%
04
Oct '08
The official Wholesale Price Index for 'All Commodities' (Base: 1993-94 = 100) for the week ended 20th September 2008 declined marginally to 241.0 (Provisional) from 241.1 (Provisional) for the previous week.

The annual rate of inflation, calculated on point to point basis, stood at 11.99 percent (Provisional) for the week ended 20/09/2008 (over 22/09/2007) as compared to 12.14 percent (Provisional) for the previous week. The annual rate of inflation stood at 3.51 percent as on 22/09/2007 i.e. a year ago.

The movement of the index for the various commodity groups is summarized below:-
The index for this major group declined by 0.2 percent to 251.3 (Provisional) from 251.9 (Provisional) for the previous week.

The groups and items for which the index showed variations during the week are as follows:-
The prices of raw silk and gingelly seed (2% each) and cotton seed (1%) moved up.

The index for this major group rose by 0.1 percent to 207.5 (Provisional) from 207.4 (Provisional) for the previous week. The groups and items for which the index showed variations during the week are as follows:-

The index for 'Chemicals & Chemical Products' group rose by 0.2 percent to 223.5 (Provisional) from 223.1 (Provisional) for the previous week due to higher prices of safety matches (24%) and sulpha methoxozole (5%).

The index for 'Machinery & Machine Tools' group rose by 0.1 percent to 176.4 (Provisional) from 176.3 (Provisional) for the previous week due to higher prices of powerlooms automatic and roller bearings (8% each) and textile machinery parts (2%). However, the prices of ring spinning & doubling frames (5%) declined.

Press Information Bureau Government of India

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