Inflation index for textile group grows by 0.3%

08 Oct '09

2 min read

The official Wholesale Price Index for 'All Commodities'(Base: 1993-94 = 100) for the week ended 26th September, 2009 declined by 0.1 percent to 243.0 (Provisional) from 243.3 (Provisional) for the previous week.

The annual rate of inflation, calculated on point to point basis, stood at 0.70 percent (Provisional) for the week ended 26/09/2009 (over 27/09/2008) as compared to 0.83 percent (Provisional) for the previous week (ended 19/09/2009) and 12.08 percent during the corresponding week (ended 27/09/2008) of the previous year.

1. INFLATION
The annual rate of inflation, calculated on point to point basis, stood at 0.70 percent (Provisional) for the week ended 26/09/2009 over (27/09/2008) as compared to 0.83 percent (Provisional) for the previous week (ended 19/09/2009) and 12.08 percent during the corresponding week (ended 27/09/2008 of the previous year. Build up inflation in the financial year so far was 6.30% compared to a build up of 6.44% in the corresponding period of the previous year. 52 week average inflation for the week ended 26/09/2009 was 2.84%.

2. PRIMARY ARTICLES (Weight 22.02%)
The index for this major group rose by 0.1 percent to 276.8 (Provisional) from 276.5 (Provisional) for the previous week.

3. MANUFACTURED PRODUCTS (Weight 63.75%)
The index for this major group declined by 0.2 percent to 208.5 (Provisional) from 209.0 (Provisional)for the previous week. The groups and items for which the index showed variations during the week are as follows:-

The index for 'Textiles' group rose by 0.3 percent to 144.7 (Provisional) from 144.3 (Provisional) for the previous week due to higher prices of hessian & sacking bags and hessian cloth (4% each).

4. FINAL INDEX FOR THE WEEK ENDED 1st August 2009
For the week ended 01/08/2009, the final wholesale price index for 'All Commodities' (Base:1993-94=100) stood at 239.4 as compared to 237.2 (Provisional) and annual rate of inflation based on final index, calculated on point to point basis, stood at -0.83 percent as compared to -1.74 percent (Provisional) reported earlier vide press note dated 13/08/2009.

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