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Inflation drops, index for textile group up

25
Jun '09
The official Wholesale Price Index for 'All Commodities' (Base: 1993-94 = 100) for the week ended 13th June 2009 rose by 0.6 percent to 234.2 (Provisional) from 232.7 (Provisional) for the previous week.

The annual rate of inflation, calculated on point to point basis, stood at -1.14 percent (Provisional) for the week ended 13/06/2009 (over 14/06/2008) as compared to -1.61 percent (Provisional) for the previous week (ended 06/06/2009) and 11.80 percent during the corresponding week (ended14/06/2008) 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 0.1 percent to 256.3 (Provisional) from 256.0 (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 marginally to 236.0 (Provisional) from 235.9 (Provisional) for the previous week due to higher prices of raw jute (2%) and raw silk and rape & mustard seed (1% each). However, the prices of copra (1%) declined.

2. FUEL, POWER, LIGHT & LUBRICANTS (Weight 14.23%)
The index for this major group rose by 0.4 percent to 327.5 (Provisional) from 326.2 (Provisional) for the previous week due to higher prices of aviation turbine fuel (12%), light diesel oil (10%), furnace oil (3%) and naphtha (1%). However, the prices of bitumen (2%) declined.

3. MANUFACTURED PRODUCTS (Weight 63.75%)
The index for 'Textiles' group rose by 0.7 percent to 142.7 (Provisional) from 141.7 (Provisional) for the previous week due to higher prices of other cotton yarn and cotton yarn-'hanks (2% each) and cotton yarn-cones and synthetic yarn (1% each).

4. FINAL INDEX FOR THE WEEK ENDED 18th April 2009
For the week ended 18/04/2009, the final wholesale price index for 'All Commodities' (Base:1993-94=100) stood at 232.6 as compared to 230.2 (Provisional) and annual rate of inflation based on final index, calculated on point to point basis, stood at 1.62 percent as compared to 0.57 percent (Provisional) reported earlier vide press note dated 30/04/2009.

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Press Information Bureau


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