Textile machinery prices move up
The new series of Wholesale Price Index has been launched by shifting base year from 1993-94 to 2004-05. WPI for the month of August 2010 has been released with base year 2004-05.
The official Wholesale Price Index for 'All Commodities' (Base: 2004-05 = 100) for the month of August 2010 remained unchanged at its previous month's level of 140.3 (Provisional).
The annual rate of inflation, based on monthly WPI, stood at 8.51% (Provisional) for the month of August, 2010 (over August, 2009) as compared to 9.78 % (Provisional) for the previous month. Build up inflation in the financial year so far was 3.31% compared to a build up of 4.95% in the corresponding period of the previous year.
Inflation for important commodities / commodity groups is indicated below.
The movement of the index for the various commodity groups is summarized below:-
Primary Articles (Weight 20.12%)
The index for this major group declined by 0.3 percent to 177.0 (Provisional) from 177.5 (Provisional) for the previous month. The groups and items for which the index showed variations during the month are as follows:-
The index for 'Non-Food Articles' group rose by 1.1 percent to 154.1 (Provisional) from 152.4 (Provisional) for the previous month due to higher prices of flowers (13%), rose and groundnut seed (11% each), castor seed (8%), marigold, cotton seed and copra (coconut) (5% each), coir fibre (4%), raw silk (3%), sunflower (2%) and fodder (1%). However, the prices of soyabean (11%), raw rubber (4%) and gingelly seed (sesamum), raw jute and mesta (1% each) declined.
Manufactured Products (Weight 64.97%)
The index for this major group rose by 0.2 percent to 127.2 (Provisional) from 127.0 (Provisional) for the previous month. The groups and items for which the index showed variations during the month are as follows:-
The index for 'Food Products' group rose by 0.6 percent to 138.3 (Provisional) from 137.5 (Provisional) for the previous month due to higher prices of groundnut oil (4%), sooji (rawa) and mustard & rapeseed oil (3% each), rice bran extraction, rice bran, gingelly oil and cotton seed oil (2% each) and rice bran oil, oil cake, copra oil, tea leaf (unblended), soyabean oil, sunflower oil, palm oil, wheat flour (atta), mixed spices, gur and canned fish (1% each).
The index for 'Textiles' group declined by 0.1 percent to 115.3 (Provisional) from 115.4 (Provisional) for the previous month due to lower prices of acrylic fibre (5%), texturised and twisted yarn, viscose staple fibre, woollen yarn, jute yarn, cotton yarn (unbleached) and nylon yarn (1% each). However, the prices of cotton shirting (3%) and jute sacking bag, cotton yarn (dyed), finished / processed cotton yarn (not knitted), polyester yarn and jute sacking cloth (1% each) moved up.
The index for 'Chemicals & Chemical Products' group rose by 0.1 percent to 122.3 (Provisional) from 122.2 (Provisional) for the previous month due to higher prices of polyol (6%), phenol or phenol extract (4%), additives (3%) and shampoo, fatty alcohol, lime & calcium carbonate, hair dye, essence/flavour used in food products and polymers (1% each). However, the prices of alumina & aluminium salt (2%) and bleaching powder, adhesive & gum and synthetic resin (1 % each) declined.
The index for 'Machinery & Machine Tools' group declined by 0.1 percent to 120.4 (Provisional) from 120.5 (Provisional) for the previous month due to lower prices of food/ beverages/tobacco processing machinery (3%) and industrial valves and ball/roller bearing (2% each). However, the prices of electric connectors / plugs /sockets/holders (5%), lathes (3%) and ups / stabilizer and textile machinery (1%) moved up.
Press Information Bureau