Index Numbers of Wholesale Prices in India (Base: 1993-94=100) Review for the week ended 5th September 2009 (14 Bhadrapada, 1930 Saka)

The official Wholesale Price Index for 'All Commodities' (Base: 1993-94 = 100) for the week ended 5th September 2009 rose by 0.4 percent to 242.0 (Provisional) from 241.1 (Provisional) for the previous week.

1. INFLATION
The annual rate of inflation, calculated on point to point basis, stood at 0.12 percent (Provisional) for the week ended 05/09/2009 over (06/09/2008) as compared to -0.12 percent (Provisional) for the previous week (ended 29/08/2009) and 12.42 percent during the corresponding week (ended 06/09/2008 of the previous year. Build up inflation in the financial year so far was 5.86%compared to a build up of 6.62% in the corresponding period of the previous year. 52 week average inflation for the week ended 05/09/2009 was 3.43 %. Inflation for broad groups is summarized below:

  Weight WPI
Sept
05,
2009
Latest week
over week
Build up from
end March
Year on year
52 week average
2009- 10
2008- 09 2009- 10 2008- 09 2009- 10 2008- 09 2009- 10
All
Commodities
100.00 242.0 0.12 0.37  6.62   5.86  12.42 0.12  3.43
Primary
Articles

22.03

274.7 0.80 1.29 6.38 10.32 11.36 9.05

8.34

Fuel, Power,
Light &
Lubricant

14.23

343.3 -0.27 0.03 9.80 6.98 16.66 -8.50

-2.62

Manufactured
Products

63.75

208.1 0.00 0.10 5.52 3.58 11.27 -0.14

3.78

Inflation for important commodities / commodity groups is indicated in Annex-1.
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 rose by 1.3 percent to 274.7 (Provisional) from 271.2 (Provisional) for the previous week. The groups and items for which the index showed variations during the week are as follows:-
The index for 'Food Articles' group rose by 2.2 percent to 279.9 (Provisional) from 273.8 (Provisional) for the previous week due to higher prices of poultry chicken (16%), fruits & vegetables (8%), pork (5%), condiments & spices (3%), bajra (2%) and rice and moong (1% each). However, the prices of jowar (2%) and maize and tea (1% each) declined.
The index for 'Non-Food Articles' group declined by 1.1 percent to 238.7 (Provisional) from 241.4 (Provisional) for the previous week due to lower prices of logs & timber (19%) and soyabean (5%). However, the prices of raw silk, cotton seed and raw rubber (3% each), copra (2%) and sunflower, castor seed and groundnut seed (1% each) moved up.

3. FUEL, POWER, LIGHT & LUBRICANTS (Weight 14.23%)
The index for this major group rose marginally to 343.4 (Provisional) from 343.3 (Provisional) for the previous week due to higher prices of bitumen (9%), furnace oil and light diesel oil (4% each) and aviation turbine fuel (2%). However, the prices of naphtha (7%) declined.

4. MANUFACTURED PRODUCTS (Weight 63.75%)
The index for this major group rose by 0.1 percent to 208.1 (Provisional) from 207.9 (Provisional) for the previous week. The groups and items for which the index showed variations during the week are as follows:-
The index for 'Food Products' group rose by 0.4 percent to 241.9 (Provisional) from 240.9 (Provisional) for the previous week due to higher prices of sugar and sooji (rawa) (4% each), khandsari and bran (all kinds) (2% each) and maida, atta and gingelly oil (1% each). However, the prices of oil cakes (4%), coconut oil (3%), rice bran oil and imported edible oil (2% each) and butter (1%) declined.
The index for 'Textiles' group rose by 0.3 percent to 143.7 (Provisional) from 143.2 (Provisional) for the previous week due to higher prices of polyester staple fibre (5%) and hessian cloth and hessian & sacking bags (2% each).
The index for 'Rubber & Plastic Products' group declined by 0.1 percent to 169.4 (Provisional) from 169.6 (Provisional) for the previous week due to lower prices of plastic containers (6%).
The index for 'Chemicals & Chemical Products' group declined marginally to 229.3 (Provisional) from 229.4 (Provisional) for the previous week due to lower prices of enamels (4%) and caustic soda and thinners (2% each). However, the prices of acid (all kinds) (1%) moved up.
The index for 'Basic Metals Alloys & Metal Products' group declined by 0.1 percent to 255.2 (Provisional) from 255.4 (Provisional) for the previous week due to lower prices of basic pig iron and foundry pig iron (2% each) and steel ingots (1%). However, the prices of lead ingots (4%) and other iron steel and zinc ingots (1% each) moved up.
The index for 'Machinery & Machine Tools' group rose by 0.1 percent to 172.4 (Provisional) from 172.2 (Provisional) for the previous week due to higher prices of material handling equipment (6%) and electrical relays (3%).

5. FINAL INDEX FOR THE WEEK ENDED 11th July 2009
For the week ended 11/07/2009, the final wholesale price index for 'All Commodities’ (Base:1993-94=100) stood at 238.0 as compared to 236.7 (Provisional) and annual rate of inflation based on final index, calculated on point to point basis, stood at -0.63 percent as compared to -1.17 percent (Provisional) reported earlier vide press note dated 23/07/2009.