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Inflation drops further to 3.36 percent
28
Feb '09
Department of Economic Affairs, Ministry of Finance issued WPI-based inflation for week ended 14th February.

The WPI-based inflation dropped by more than for week ended 14th February. The annual rate of inflation, calculated on point to point basis, stood at 3.36 percent (Provisional) for the week ended 14/02/2009 (over 16/02/2008) as compared to 3.92 percent (Provisional) for the previous week (ended 07/02/2009). The Inflation was 5.66 percent during the corresponding week (ended 16/02/2008) of the previous year.

The official Wholesale Price Index for 'All Commodities' (Base: 1993-94 = 100) for the week ended 14th February, 2009 declined by 0.1 percent to 227.8 (Provisional) from 228.0 (Provisional) for the previous week.

The index for this major group rose marginally to 248.1 (Provisional) from 248.0 (Provisional) for the previous week.

The index for 'Non-Food Articles' group declined by 0.1 percent to 228.4 (Provisional) from 228.6 (Provisional) for the previous week due to lower prices of raw silk (4%), raw cotton and raw rubber (2% each) and copra and rape & mustard seed (1% each).

However, the prices of niger seed (12%), linseed (10%) and cotton seed (2%) moved up.

The index for 'Textiles' group rose by 1.2 percent to 140.7 (Provisional) from 139.0 (Provisional) for the previous week due to higher prices of cotton yarn-cones (6 %), texturised yarn (2%) and synthetic yarn and polyester staple fibre (1% each). However, the prices of hessian & sacking bags and other cotton yarn (1% each) declined.

The index for 'Chemicals & Chemical Products' group declined by 1.4 percent to 214.7 (Provisional) from 217.7 (Provisional) for the previous week.

The index for 'Machinery & Machine Tools' group declined by 0.1 percent to 172.2 (Provisional) from 172.4 (Provisional) for the previous week due to lower prices of furnaces (5%) and air & gas compressors (3%).

For the week ended 20/12/2008, the final wholesale price index for 'All Commodities' (Base: 1993-94=100) stood at 229.2 as compared to 230.2 (Provisional) and annual rate of inflation based on final index, calculated on point to point basis, stood at 5.91 percent as compared to 6.38 percent (Provisional) reported earlier vide press note dated 01/01/2009.

Ministry of Commerce & Industry

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