Inflation falls further to 0.18%

16 Apr '09

3 min read

The official Wholesale Price Index for 'All Commodities' (Base: 1993-94 = 100) for the week ended 4th April, 2009 rose by 0.4 percent to 228.2 (Provisional) from 227.3 (Provisional) for the previous week.

The annual rate of inflation, calculated on point to point basis, stood at 0.18 percent (Provisional) for the week ended 04/04/2009 (over 05/04/2008) as compared to 0.26 percent (Provisional) for the previous week (ended 28/03/2009) and 7.71 percent during the corresponding week (ended 05/04/2008) 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 1.1 percent to 247.6 (Provisional) from 245.0 (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 0.7 percent to 228.7 (Provisional) from 227.0 (Provisional) for the previous week due to higher prices of raw rubber (6%), raw cotton (3%) and raw silk (2%). However, the prices of rape & mustard seed (1%) declined.

FUEL, POWER, LIGHT & LUBRICANTS (Weight 14.23%)
The index for this major group rose by 0.5 percent to 322.6 (Provisional) from 320.9 (Provisional) for the previous week due to higher prices of aviation turbine fuel (12%), naphtha (8%), light diesel oil (3%) and bitumen (2%). However, the prices of furnace oil (1%) declined.

MANUFACTURED PRODUCTS (Weight 63.75%)
The index for this major group rose by 0.1 percent to 200.5 (Provisional) from 200.3 (Provisional) for the previous week. The groups and items for which the index showed variations during the week are as follows:-
The index for 'Chemicals & Chemical Products' group rose by 0.1 percent to 214.3 (Provisional) from 214.0 (Provisional) for the previous week due to higher prices of benzene (13 %), liquid injectables other than vitamins (3%), p.v.c. resins and tablets except vitamin & penicillin (2% each). However, the prices of liquid chlorine (25 %), acid (all kinds) (3 %) and caustic soda (sodium hydroxide) (1%) declined.

FINAL INDEX FOR THE WEEK ENDED 7th February 2009
For the week ended 07/02/2009, the final wholesale price index for 'All Commodities' (Base: 1993-94=100) stood at 227.5 as compared to 228.0 (Provisional) and annual rate of inflation based on final index, calculated on point to point basis, stood at 3.69 percent as compared to 3.92 percent (Provisional) reported earlier vide press note dated 19/02/2009.

Press Information Bureau

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