Wholesale price inflation rate falls to 8.23 per cent in January
14 Feb 2011
The annual rate of inflation in the country based on the wholesale price index of `all commodities' stood at 8.23 per cent in January 2011 against 8.43 per cent in the previous month and 8.53 per cent in the corresponding month of the previous year.
The weekly inflation rate based on the wholesale price index, however, dropped 4 percentage points to 13.07 per cent as of 29 January 2011.
Build-up of inflation in the financial year so far (April-January 2010) was 7.44 per cent against 9.42 per cent in the corresponding period of the previous year.
The official wholesale price index for 'all commodities' with base 2004-05=100 rose 1.2 per cent in January 2011 to 145.9 (provisional) from 144.1 (provisional) in the previous month.
The index for the `primary articles' group rose 2.4 per cent to 193.4 (provisional) from 188.9 (provisional) in the previous month.
The index for the 'food articles' group rose 2.0 per cent to 190.7 (provisional) from 186.9 (provisional) in the previous month due to higher prices of fruits and vegetables and jowar (up 7 per cent each), arhar and coffee (up 4 per cent each), condiments and spices (up 3 per cent), moong, barley, masur and mutton (up 2 per cent each) and bajra, rice, egg, maize, beef and buffalo meat and wheat (up 1 per cent each). However, the prices of poultry chicken (down 7 per cent), fresh-water fish (down 6 per cent) and tea and milk (down 1 per cent each) declined.
The index for the 'non-food articles' group rose 3.7 per cent to 177.9 (provisional) from 171.6 (provisional) in the previous month due to higher prices of raw cotton (up 12 per cent), sunflower (up 10 per cent), raw rubber (up 9 per cent), castor seed (up 7 per cent), gaur seed (up 6 per cent), mesta (up 5 per cent), raw silk (up 4 per cent), safflower (up 3 per cent) and fodder, cotton seed, soyabean, rape and mustard seed, copra, coir fibre and flowers (up 1 per cent each). However, the prices of niger seed (down 5 per cent), groundnut seed (down 2 per cent) and raw jute and gingelly seed (sesamum) (down 1 per cent each) declined.
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