Inflation rate falls further to 6.61 per cent news
26 December 2008

The annual rate of inflation based on the wholesale price index fell to 6.61 per cent (provisional) for the week ended 13 December from 6.84 per cent (provisional) the week before (6 December), registering the seventh consecutive weekly fall in the pat two months.

The official wholesale price index for 'All Commodities' (Base: 1993-94 = 100) for the week ended 13 December declined by 0.2 per cent to 230.7 (provisional) from 231.1  (provisional) for the previous week.

The index for the `primary articles' group rose 0.1 per cent to 249.2 (provisional) from 249.0 (provisional) for the previous week.

Among the primary articles group, the index for the 'food articles' group declined by 0.2 per cent to 242.9 (provisional) from 243.4 (provisional) for the previous week due to lower prices of tea (- 3 per cent) and fruits and vegetables and rice (-1 per cent each).  However, the prices of fish-marine (-5 per cent) and wheat, barley and bajra (-1 per cent each) moved up.
 
The index for 'non-food articles' group rose by 0.8 per cent to 236.4 (provisional) from 234.6 (provisional) for the previous week due to higher prices of groundnut seed (4 per cent), castor seed (2 per cent) and copra (1 per cent).

The annual rate of inflation, calculated on point-to-point basis, for 'primary articles' stood at 12.15 per cent (provisional) for the week under review as compared to 11.81 per cent (provisional) in the previous week.  It was 4.47 per cent as on 15 December 2007, ie, a year ago.

The annual rate of inflation for 'food articles' stood at 10.46 per cent (provisional) for the week under review as compared to 10.19 per cent (provisional) in the previous week. It was 2.33 per cent as of 15 December 2007, ie, a year ago.
 
The index for the `fuel, power, light and lubricants' group remained unchanged at its previous week's level of 332.1 (provisional). 

The index for the `manufactured products' group declined by 0.3 per cent to 201.7 (provisional) from 202.4 (provisional) for the previous week.
 
Under manufactured products, the index for 'food products' group declined by 0.1 per cent to 199.3 (provisional) from 199.5 (provisional) for the previous week due to lower prices of groundnut oil and oil cakes (- 1 per cent each).  However, the prices of imported edible oil and rice bran oil (4 per cent each) and cotton seed oil (3 per cent) moved up.
 
The index for 'textiles' group declined by 0.1 per cent to 141.4 (provisional) from 141.5 (provisional) for the previous week due to lower prices of other cotton yarn       (-3 per cent), texturised yarn (-2 per cent) and cotton yarn-hanks and synthetic yarn (-1 per cent each).  However, the prices of cotton yarn-cones (2 per cent) moved up.
 
The index for 'paper and paper products' group rose by 0.2 per cent to 205.9 (provisional) from 205.5 (provisional) for the previous week due to higher prices of news paper (2 per cent).
 
The index for 'chemicals and chemical products' group declined by 1.1 per cent to 220.1 (provisional) from 222.5 (provisional) for the previous week due to lower prices of phenol (-24 per cent) and acid (all kinds) (-17 per cent).  However, the prices of PVC resins (4 per cent) moved up.
 
The index for the 'non-metallic mineral products' group declined by 1.1 per cent to 215.9 (provisional) from 218.2 (provisional) for the previous week due to lower prices of cement (-2 per cent).
 
The index for 'basic metals alloys and metal products' group declined by 0.4  per cent to 279.4 (provisional) from 280.4 (provisional) for the previous week due to lower prices of zinc  and steel wire (7 per cent each), pipes and tubes and steel wire ropes (-5 per cent each), steel ingots (plain carbon) (-4 per cent) and lead ingots  and zinc ingots (-2 per cent each).
 
The final index for the week ended 18 October 2008 has been revised to 10.82  per cent from 10.68  per cent (provisional) reported on 31 October 2008. The final wholesale price index for 'all commodities' (Base: 1993-94=100) also stood revised at 238.6  from 238.3  (provisional) for 31 October 2008.


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Inflation rate falls further to 6.61 per cent