Benzene prices up, prices of PTA decline

16 Jul '09

2 min read

The official Wholesale Price Index for 'All Commodities' (Base: 1993-94 = 100) for the week ended 4th July 2009 rose by 0.7 percent to 236.4 (Provisional) from 234.7 (Provisional) for the previous week.

The annual rate of inflation, calculated on point to point basis, stood at -1.21 percent (Provisional) for the week ended 04/07/2009 (over 05/07/2008) as compared to -1.55 percent (Provisional) for the previous week (ended 27/06/2009) and 12.19 percent during the corresponding week (ended 05/07/2008) of the previous year.

The index for 'Non-Food Articles' group rose by 0.3 percent to 237.7 (Provisional) from 237.0 (Provisional) for the previous week due to higher prices of gingelly seed (18%) and cotton seed (6%). However, the prices of raw silk and soyabean (3% each) and raw rubber (1%) declined.

The index for 'Textiles' group declined by 0.1 percent to 143.6 (Provisional) from 143.7 (Provisional) for the previous week due to lower prices of hessian cloth (2%).

The index for 'Chemicals & Chemical Products' group rose by 0.1 percent to 227.1 (Provisional) from 226.9 (Provisional) for the previous week due to higher prices of benzene (14%), p.v.c. resins (4%) and liquid chlorine and hair oil (1% each). However, the prices of purified terephthalic acid (pta) (8%) declined.

The index for 'Machinery & Machine Tools' group declined by 0.1 percent to 171.8 (Provisional) from 171.9 (Provisional) for the previous week due to lower prices of jelly filled telephone cables (1%).

For the week ended 09/05/2009 , the final wholesale price index for 'All Commodities' (Base:1993-94=100) stood at 234.2 as compared to 232.0 (Provisional) and annual rate of inflation based on final index, calculated on point to point basis, stood at 1.56 percent as compared to 0.61 percent (Provisional) reported earlier vide press note dated 21/05/2009.

Ministry of Commerce & Industry

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