Rate of inflation up

August 27, 2009 - India

The official Wholesale Price Index for 'All Commodities' (Base: 1993-94 = 100) for the week ended 15th August 2009 rose by 0.6 percent to 238.8 (Provisional) from 237.4 (Provisional) for the previous week.

The annual rate of inflation, calculated on point to point basis, stood at -0.95 percent (Provisional) for the week ended 15/08/2009 (over 16/08/2008) as compared to -1.53 percent (Provisional) for the previous week (ended 08/08/2009) and 12.82 percent during the corresponding week (ended16/08/2008) 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 2.1 percent to 268.4 (Provisional) from 262.9 (Provisional) for the previous week. The groups and items for which the index showed variations during the week are as follows:-

The index for 'Non-Food Articles’ group declined by 0.5 percent to 240.3 (Provisional) from 241.4 (Provisional) for the previous week due to lower prices of groundnut seed (3%). However, the prices of castor seed (2%) and raw rubber, raw silk, rape & mustard seed and cotton seed (1% each) moved up.

2. MANUFACTURED PRODUCTS (Weight 63.75%)
The index for this major group rose by 0.1 percent to 206.4 (Provisional) from 206.1 (Provisional) for the previous week. The groups and items for which the index showed variations during the week are as follows:-

The index for 'Textiles' group declined by 0.1 percent to 143.6 (Provisional) from 143.7 (Provisional) for the previous week due to lower prices of hessian cloth and hessian & sacking bags (2% each) and texturised yarn (1%).

3. FINAL INDEX FOR THE WEEK ENDED 20th June 2009
For the week ended 20/06/2009, the final wholesale price index for 'All Commodities’ (Base:1993-94=100) stood at 235.8 as compared to 234.6 (Provisional) and annual rate of inflation based on final index, calculated on point to point basis, stood at -0.80 percent as against -1.30 percent (Provisional) reported earlier vide press note dated 02/07/2009.

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