Index for textiles group up

14 May '10

2 min read

The official Wholesale Price Index for 'All Commodities' (Base: 1993-94 = 100) for the month of April, 2010 rose by 1.2 percent to 253.7 (Provisional) from 250.8 (Provisional) for the previous month.

INFLATION
The annual rate of inflation, based on monthly WPI, stood at 9.59% (Provisional) for the month of April, 2010 (over April, 2009) as compared to 9.90 % (Provisional) for the previous month and 1.31% during the corresponding month 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 rose by 2.3 percent to 289.7 (Provisional) from 283.2 (Provisional) for the previous month.
The index for 'Non-Food Articles' group rose by 0.7 percent to 256.1 (Provisional) from 254.4 (Provisional) for the previous month due to higher prices of raw rubber (9%), logs & timber(5%), castor seed (4%), skins (raw) (2%) and groundnut seed, raw silk, tanning materials, raw jute and mesta (1% each). However, the prices of fodder (9%), hides (raw) and niger seed (4% each), copra (3%), tobacco (2%) and linseed and rape & mustard seed (1% each) declined.

MANUFACTURED PRODUCTS (Weight 63.75%)
The index for this major group rose by 0.8 percent to 216.6 (Provisional) from 214.9 (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 1.5 percent to 158.2 (Provisional) from 155.8 (Provisional) for the previous month due to higher prices of woollen yarn, texturised yarn and synthetic yarn(5% each) and cotton yarn-cones, cotton yarn-hanks and other cotton yarn (3% each). However, the prices of hessian & sacking bags (2%) and hessian cloth (1%) declined.

The index for 'Chemicals & Chemical Products' group rose by 0.1 percent to 232.8 (Provisional) from 232.6 (Provisional) for the previous month due to higher prices of phenol (25%), synthetic rubber (13%), acid (all kinds) and synthetic resins (6% each), polystyrene (5%), monocrotophos, super phosphate p205 content and titanium dioxide (3% each) and acetylene, rubber chemicals, soda ash, toilet soap, vitamin liquids, tooth paste and resins (all kinds) (1% each). However, the prices of complex fertilizer n_content (7 %), synthetic detergent(6%), benzene, caustic soda and complex fertilizers-npk content (4% each), methanol and ammonium sulphate n_content (3% each), endosulfan (2 %) and liquid chlorine (1%) declined.

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