Inflation slides to 2.43% for week ended Feb 28

12 Mar '09

2 min read

The official Wholesale Price Index for 'All Commodities' (Base: 1993-94 = 100) for the week ended 28th February, 2009 rose by 0.04 percent to 227.7 (Provisional) from 227.6 (Provisional) for the previous week.

The annual rate of inflation, calculated on point to point basis, stood at 2.43 percent (Provisional) for the week ended 28/02/2009 (over 01/03/2008) as compared to 3.03 percent (Provisional) for the previous week (ended 21/02/2009) and 6.21 percent during the corresponding week (ended 01/03/2008) of the previous year.

The movement of the index for the various commodity groups is summarized below:-
The index for this major group declined by 0.1 percent to 199.2 (Provisional) from 199.3 (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 declined by 0.1 percent to 140.4 (Provisional) from 140.5 (Provisional) for the previous week due to lower prices of nylon filament yarn (2%) and hessian & sacking bags (1%).

The index for 'Machinery & Machine Tools' group declined by 0.1 percent to 172.2 (Provisional) from 172.3 (Provisional) for the previous week due to lower prices of batteries (3%).

FINAL INDEX FOR THE WEEK ENDED 3rd January 2009
For the week ended 03/01/2009, the final wholesale price index for 'All Commodities' (Base: 1993-94=100) stood at 229.2 as compared to 229.0 (Provisional) and annual rate of inflation based on final index, calculated on point to point basis, stood at 5.33 percent as compared to 5.24 percent (Provisional) reported earlier vide press note dated 15/01/2009.

Press Information Bureau

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