Prices of woollen yarn & hessian cloth up

15 Dec '09

3 min read

The official Wholesale Price Index for 'All Commodities'(Base: 1993-94 = 100) for the month of November 2009 rose by 1.3 percent to 245.4 (Provisional) from 242.2 (Provisional) for the previous month.

1. INFLATION
The annual rate of inflation, based on monthly WPI, stood at 4.78% (Provisional) for the month of November 2009 (over November'2008) as compared to 1.34 % (Provisional) for the previous month and 8.48% during the corresponding month of the previous year. Build up inflation in the financial year so far was 7.54% compared to a build up of 3.86% in the corresponding period of the previous year.

The movement of the index for the various commodity groups is summarized below:-

2. PRIMARY ARTICLES (Weight 22.02%)
The index for this major group rose by 2.6 percent to 280.6 (Provisional) from 273.4 (Provisional) for the previous month. The groups and items for which the index showed variations during the month are as follows:-

The index for 'Non-Food Articles' group rose by 1.6 percent to 240.1 (Provisional) from 236.4 (Provisional) for the previous month due to higher prices of fodder (10%), raw jute (8%), raw silk and raw rubber (6% each), raw cotton (5%), groundnut seed (3%) and copra, gingelly seed and castor seed (2% each). However, the prices of sunflower and soyabean (4% each), raw wool, niger seed and tobacco (3% each) castor seed (2%) and cotton seed (1%) declined.

3. FUEL, POWER, LIGHT & LUBRICANTS (Weight 14.23%)
The index for this major group declined marginally to 344.9 (Provisional) from 345.0 (Provisional) for the previous month due to lower prices of light diesel oil (3%) and naphtha (2%). However, the prices of aviation turbine fuel (11%) moved up.

4. MANUFACTURED PRODUCTS (Weight 63.75%)
The index for this major group rose by 1.2 percent to 211.1 (Provisional) from 208.5 (Provisional) for the previous month.The groups and items for which the index showed variations during the month are as follows:-

The index for 'Textiles' group rose by 1.4 percent to 146.7 (Provisional) from 144.7 (Provisional) for the previous month due to higher prices of hessian cloth (14%), texturised yarn (7%), woollen yarn and hessian & sacking bags (4% each), cotton yarn-hanks (2%) and cotton yarn-cones and other cotton yarn (1% each). However, the prices of polyester staple fibre (5%) declined.

The index for 'Rubber & Plastic Products' group declined by 0.1 percent to 168.7 (Provisional) from 168.9 (Provisional) for the previous month due to lower prices of pvc fitting & accessories (5%), plastic items (2%) and canvas footwear (1%).

The index for 'Chemicals & Chemical Products' group rose by 0.1 percent to 229.9 (Provisional) from 229.7 (Provisional) for the previous month due to higher prices of calcium ammonium nitrate n-content and carbon black (3% each), monocrotophos (2%) and tooth paste, acid (all kinds), caustic soda (sodium hydroxide), oxygen and liquid chlorine (1% each). However, the prices of purified terephthalic acid (pta) (5%), methanol and ampicillin trihydrate (4% each), benzene (3%), endosulfan (2%) and p.v.c. resins (1%) declined.

The index for 'Machinery & Machine Tools' group rose by 0.1 percent to 174.0 (Provisional) from 173.9 (Provisional) for the previous month due to higher prices of batteries (5%), sewing machines (2%). However, the prices of valve (all types) (2%) and power driven pumps (1%) declined.

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