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Inflation rate nears zero, slips further to 0.27%
Mar '09
The official Wholesale Price Index for 'All Commodities' (Base: 1993-94 = 100) for the week ended 14th March 2009 rose by 0.1 percent to 227.0 (Provisional) from 226.7 (Provisional) for the previous week.

The annual rate of inflation, calculated on point to point basis, stood at 0.27 percent (Provisional) for the week ended 14/03/2009 (over 15/03/2008) as compared to 0.44 percent (Provisional) for the previous week (ended 07/03/2009) and 8.02 percent during the corresponding week (ended 15/03/2008) of the previous year.

The index for this major group rose by 0.2 percent to 199.6 (Provisional) from 199.2 (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 0.9 percent to 139.3 (Provisional) from 140.5 (Provisional) for the previous week due to lower prices of cotton yarn-cones (4%). However, the prices of polyester staple fibre (1%) moved up.

The index for 'Machinery & Machine Tools' group declined by 0.2 percent to 172.1 (Provisional) from 172.4 (Provisional) for the previous week due to lower prices of electric motors: phase one (5%), electric motors (3%) and electric motors: phase three (2%).

For the week ended 17/01/2009, the final wholesale price index for 'All Commodities' (Base:1993-94=100) stood at 229.0 as compared to 230.5 (Provisional) and annual rate of inflation based on final index, calculated on point to point basis, stood at 4.95 percent as compared to 5.64 percent (Provisional) reported earlier vide press note dated 29/01/2009.

Press Information Bureau

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