Index for textiles group declines

July 30, 2009 - India

The official Wholesale Price Index for 'All Commodities' (Base: 1993-94 = 100)for the week ended 18th July 2009 rose by 0.04 percent to 236.8 (Provisional) from 236.7 (Provisional) for the previous week.

The annual rate of inflation, calculated on point to point basis, stood at -1.54 percent (Provisional) for the week ended 18/07/2009 (over 19/07/2008) as compared to -1.17 percent (Provisional) for the previous week (ended 11/07/2009) and 12.54 percent during the corresponding week (ended19/07/2008) of the previous year.

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

1. PRIMARY ARTICLES (Weight 22.02%)
The index for this major group rose by 0.3 percent to 261.1 (Provisional) from 260.3 (Provisional) for the previous week. The groups and items for which the index showed variations during the week are as follows:-

The index for 'Non-Food Articles' group rose by 1.7 percent to 242.5 (Provisional) from 238.4 (Provisional) for the previous week due to higher prices of logs & timber (35%), copra (3%), raw silk (2%) and rape & mustard seed, raw cotton and gingelly seed (1% each). However, the prices of sunflower (1%) declined.

2. MANUFACTURED PRODUCTS (Weight 63.75%)
The index for this major group declined by 0.1 percent to 205.7 (Provisional) from 205.9 (Provisional) for the previous week. The groups and items for which the index showed variations during the week are as follows:-

The index for 'Food Products' group declined by 0.4 percent to 232.1 (Provisional) from 233.0 (Provisional) for the previous week due to lower prices of oil cakes (3%) and cotton seed oil (1%). However, the prices of imported edible oil (4%) and rice bran oil, coconut oil, sugar, butter, ghee and gur (1% each) moved up.

The index for 'Textiles' group declined by 0.2 percent to 143.4 (Provisional) from 143.7 (Provisional) for the previous week due to lower prices of hessian cloth (3%) and hessian & sacking bags (2%).

The index for 'Chemicals & Chemical Products' group rose marginally to 227.1 (Provisional) from 227.0 (Provisional) for the previous week due to higher prices of acid (all kinds) (1%).

3. FINAL INDEX FOR THE WEEK ENDED 23rd May 2009
For the week ended 23/05/2009, the final wholesale price index for 'All Commodities’ (Base:1993-94=100) stood at 234.3 as compared to 232.3 (Provisional) and annual rate of inflation based on final index, calculated on point to point basis, stood at 1.34 percent as compared to 0.48 percent (Provisional) reported earlier vide press note dated 04/06/2009.

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