Index for textiles sector up

15 Apr '10

3 min read

The official Wholesale Price Index for 'All Commodities' (Base: 1993-94 = 100) for the month of March, 2010 rose by 0.3 percent to 250.8 (Provisional) from 250.1 (Provisional) for the previous month.

INFLATION
The annual rate of inflation, based on monthly WPI, stood at 9.90%(Provisional) for the month of March, 2010 (over March,2009) as compared to 9.89% (Provisional) for the previous month and 1.20% during the corresponding month of the previous year. Build up inflation in the financial year so far was 9.90% compared to a build up of 1.20% in the corresponding period of the previous year.

The movement of the index for the various commodity groups is summarized below.
PRIMARY ARTICLES (Weight 22.02%)
The index for this major group declined by 0.5 percent to 283.2 (Provisional) from 284.7 (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 declined by 0.8 percent to 254.4 (Provisional) from 256.5 (Provisional) for the previous month due to lower prices of niger seed (13%), hides (raw)(11%), soyabean (7%), sunflower and rape & mustard seed (4% each), logs & timber, groundnut seed, copra, raw silk, tobacco and linseed (2% each). However, the prices of coir fibre (10%), raw rubber (9%), skins (raw) (7%), mesta (6%), raw jute (4%), tanning materials (3%), and raw cotton (1%) moved up.

FUEL, POWER, LIGHT & LUBRICANTS (Weight 14.23%)
The index for this major group rose by 1.4 percent to 361.8 (Provisional) from 356.9 (Provisional) for the previous month due to higher prices of high speed diesel oil (6%), petrol(5%), aviation turbine fuel and light diesel oil (4% each), bitumen(2%) and furnace oil (1%). However, the prices of naphtha(3%)declined.

MANUFACTURED PRODUCTS (Weight 63.75%)
The index for this major group rose by 0.3 percent to 214.9 (Provisional) from 214.3 (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 0.8 percent to 155.8 (Provisional) from 154.6 (Provisional) for the previous month due to higher prices of hessian cloth (8%), hessian & sacking bags (5%) and synthetic yarn and texturised yarn (1% each).

The index for 'Chemicals & Chemical Products' group rose by 0.6 percent to 232.6 (Provisional) from 231.1 (Provisional) for the previous month due to higher prices of phenol (33%), acid( all kinds) (20%), super phosphate p 205 content (13%), organic pigments (8%), hair oil and synthetic resins (7% each),synthetic rubber, pigments and printing ink (6% each),varnishes and polystyrene (5% each), medical x-ray films, roll films and cine colour positive (4% each), rubber chemicals and tape for blank cassettes (3% each), safety matches, synthetic detergent and

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