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The annual wholesale price index-based inflation fell
to a nine-month low of 4.83 per cent during the week ended
February 19, from 5.01 per cent registered during the
previous week.
The
fall in the year-on-year inflation was largely on account
of cheaper edible oils, vegetables and a fall in prices
of some of the manufactured products, according to data
released yesterday by the ministry of commerce and industry
The
WPI, however, remained unchanged at 188.8 points despite
costlier primary items and cheaper manufactured products,
even as fuel prices stood firm for the second consecutive
week.
The
index of Primary Articles'' group was up by 0.2 per cent
to 185.8 points due to rise in the prices of both food
and non-food articles. The index for fuel, power, light
and lubricants group remained unchanged for the second
consecutive week at the previous week''s level of 288.9
points. The heavy-weight ''manufactured products'' group
declined by 0.1 per cent to 167.5 points due to fall in
textile, rubber basic metals, machinery prices, while
chemicals, non-metallic mineral and transport equipments
turned costlier.
Among
the ''primary articles'' group'', the ''food articles'' group
index rose by 0.2 per cent to 185.2 points due to higher
prices of coffee (22 per cent), fish-marine (three per
cent), bajra (two per cent) and tea, fruits, condiments
and spices, jowar, moong and urad (one per cent each).
Vegetables, however, turned cheaper by 0.6 per cent.
The
''non-food articles'' group index was up by 0.4 per cent
to 180.6 points due to higher prices of soyabean (five
per cent), raw silk (three per cent), gingelly seed and
raw jute (two per cent), sunflower and linseed (one per
cent each).
Prices,
however, dipped in case of safflower (four per cent),
castorseed and fodder (two per cent) and nigerseed and
cotton seed (one per cent each).
Among
the ''manufactured products'' group, the ''food products''
group index stood firm at the previous week''s level of
174.7 points even as prices rose for khandsari (four per
cent), sunflower oil (one per cent), coffee powder (one
per cent) and prices fell for gur, rape and mustard oil,
groundnut oil (one per cent each). ''Textiles'' group index
declined by 0.2 per cent to 131 points owing to cheaper
texturised yarn (three per cent), other cotton yarn and
hessian cloth (one per cent each), but hessain and sacking
bags became costlier by one per cent.
A
whopping 10 per cent fall in the prices of PVC fitting
and accessories pushed down the Rubber and Plastic Products''
group index by 0.2 per cent to 133.5 points.
The
''chemicals and chemical products'' group index rose by
0.1 per cent to 184.5 points due to higher prices of methanol
(eight per cent), purified terephthalic acid (four per
cent), caustic soda (three per cent) and phenol (one per
cent). However, epoxy resins became cheaper by nine per
cent and PVC resins by one per cent.
A
19 per cent spurt in the prices of fire bricks pushed
up the ''non-metallic mineral products'' group index by
0.8 per cent to 159.2 points.
The
''basic metals alloys and metal products'' group index fell
by 0.1 per cent to 207.7 points due to cheaper basic pig
iron and foundry pig iron (four per cent each) and other
iron steel (one per cent).
Prices,
however, moved up for LPG cylinder and brass sheets and
strips (five per cent each) and steel sheets, plates &
strips and pipes & tubes (one per cent each).
The
''machinery and machine tools'' group index declined by
0.3 per cent to 143.2 points due to lower prices of electronic
IC''s (10 per cent) and switch gears (three per cent).
The
index for ''transport equipment and parts'' group was up
by 0.1 per cent to 157.7 points owing to higher prices
of motorcycles (two per cent) and autorickshaws (one per
cent).
The
government also revised upwards the inflation to 6.56
per cent during the week ended December 25 last as compared
to the provisional level of 6.39 per cent.
The
final WPI during December-end stood corrected at 188.5
points as against the provisional level of 188.2 points.
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