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Inflation rate dips sharply to historic low of 0.44%
Mar '09
The official Wholesale Price Index for 'All Commodities' (Base: 1993-94 = 100) for the week ended 7th March, 2009 declined by 0.4 percent to 226.7 (Provisional) from 227.7 (Provisional) for the previous week.

The annual rate of inflation, calculated on point to point basis, stood at 0.44 percent (Provisional) for the week ended 07/03/2009 (over 08/03/2008) as compared to 2.43 percent (Provisional) for the previous week (ended 28/02/2009) and 7.78 percent during the corresponding week (ended 08/03/2008) of the previous year.

The movement of the index for the various commodity groups is summarized below:-
The index for this major group remained unchanged at its previous week's level of 199.2 (Provisional). The groups and items for which the index showed variations during the week are as follows:-

The index for 'Textiles' group rose by 0.1 percent to 140.5 (Provisional) from 140.4 (Provisional) for the previous week due to higher prices of hessian & sacking bags and hessian cloth (1% each). However, the prices of woollen yarn (6%) declined.

The index for 'Chemicals & Chemical Products' group declined by 0.2 percent.

The index for 'Machinery & Machine Tools' group rose by 0.1 percent to 172.4 (Provisional) from 172.2 (Provisional) for the previous week due to higher prices of computer & computer based systems (7%). However, the prices of ball bearings (1%) declined.

For the week ended 10/01/2009, the final wholesale price index for 'All Commodities'(Base:1993-94=100) stood at 229.7 as compared to 230.0 (Provisional) and annual rate of inflation based on final index, calculated on point to point basis, stood at 5.46 percent as compared to 5.60 percent (Provisional)
reported earlier vide press note dated 23/01/2009.

Press Information Bureau

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