Prices of cotton yarn-cones lower

29 Oct '09

2 min read

The official Wholesale Price Index for 'All Commodities'(Base: 1993-94 = 100) for the week ended 17th October, 2009 remained unchanged at its previous week's level of 242.2 (Provisional).

The annual rate of inflation, calculated on point to point basis, stood at 1.51 percent (Provisional) for the week ended 17/10/2009 (over 18/10/2008) as compared to 1.21 percent (Provisional) for the previous week (ended 10/10/2009) and 10.82 percent during the corresponding week (ended18/10/2008) of the previous year.

1. INFLATION
The annual rate of inflation, calculated on point to point basis, stood at 1.51 percent (Provisional) for the week ended 17/10/2009 over (18/10/2008) as compared to 1.21 percent(Provisional) for the previous week (ended 10/10/2009) and 10.82 percent during the corresponding week (ended 18/10/2008 of the previous year. Build up inflation in the financial year so far was 5.95% compared to a build up of 5.25% in the corresponding period of the previous year.

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

2. PRIMARY ARTICLES (Weight 22.02%)
The index for this major group declined by 0.1 percent to 273.3 (Provisional) from 273.5 (Provisional) for the previous week.

3. MANUFACTURED PRODUCTS (Weight 63.75%)
The index for this major group rose by 0.1 percent to 208.6 (Provisional) from 208.3 (Provisional) for the previous week. The groups and items for which the index showed variations during the week are as follows:-

The index for 'Textiles' group declined by 0.1 percent to 144.6 (Provisional) from 144.7 (Provisional) for the previous week due to lower prices of cotton yarn-cones (1%). However, the prices of hessian cloth (2%) moved up.

The index for 'Chemicals & Chemical Products' group rose by 0.2 percent to 229.8 (Provisional) from 229.4 (Provisional) for the previous week due to higher prices of calcium ammonium nitrate n-content (8%), liquid chlorine (2%) and caustic soda (sodium hydroxide)(1%).However, the prices of p.v.c. resins (6%)declined.

4. FINAL INDEX FOR THE WEEK ENDED 22nd August 2009
For the week ended 22/08/2009, the final wholesale price index for 'All Commodities' (Base:1993-94=100) stood at 241.6 as compared to 240.7 (Provisional) and annual rate of inflation based on final index, calculated on point to point basis, stood at 0.17 percent as compared to -0.21 percent (Provisional)reported earlier vide press note dated 03/09/2009.

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Press Information Bureau

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