Financial Daily from THE HINDU group of publications
Friday, Apr 22, 2005
Industry & Economy - Economy
Inflation rises on costlier edible items
New Delhi , April 21
THE annual wholesale price index-based inflation rose by 5.48 per cent for the week ended April 9, as against the previous week's level of 5.26 per cent.
The 0.22 per cent increase in the year-on-year inflation rate during the latest reported week was largely on account of costlier vegetables, fruits, cooking gas and edible oils, according to data released here by the Ministry of Commerce and Industry.
The WPI rose by 0.3 per cent to 190.7 points during the period, with the indices of primary articles and fuels going up. The index stood at 180.8 points during the corresponding period a year ago.
On a disaggregated basis, the index of Primary Articles' group rose by 0.3 per cent to 187 points due to costlier food and non-food articles.
The Fuel, Power, Light and Lubricants' group index rose by about one per cent to 292.5 points due to an eight per cent hike in the price of lignite and six per cent in cooking gas (LPG).
The index of Manufactured Products' group stood unchanged at the previous week's level of 169.2 points despite cheaper food products, textiles and machinery.
Among the Primary Articles' Group, the Food Articles' group index was up by 0.2 per cent to 187.7 points owing to higher prices of vegetables (four per cent), urad and pork (two per cent each) and fruits, gram and moong (one per cent each). Prices, however, declined in the case of poultry chicken (seven per cent), bajra and masur (two per cent each) and wheat and jowar (one per cent each).
The index of Non-Food Articles' group rose by 0.4 per cent to 179.1 points due to rise in the prices of groundnut seed and rape and mustardseed (two per cent each), skins and fodder (one per cent each). But prices declined for tanning materials (15 per cent), hides and raw jute (two per cent each) and linseed (one per cent).
Among the Manufactured Products' group, the Food Products' group index declined by 0.2 per cent to 174 points due to lower prices of blended tea leaf, rape & mustard oil and oil cakes (one per cent each). Prices moved up for khandsari and gur (three per cent each), rice bran oil (two per cent) and imported edible oil and packed tea (one per cent each).
The index for Textiles' group was down by 0.1 per cent to 130.9 points owing to lower prices of hessian and sacking bags (three per cent), acrylic yarn and viscose staple fibre (two per cent each) and viscose filament yarn (one per cent).
A one per cent increase in the prices of map litho paper pushed up the Paper & Paper Products' group index by 0.1 per cent to 177.1 points.
A three per cent spurt in the prices of PVC pipes and tubings led to 0.3 per cent increase in the index for Rubber and Plastic Products' group to 134.4 points.
The Government revised upwards inflation to 5.12 per cent during the week ended February 12 as compared to provisional estimate of 5.01 per cent, while WPI stood corrected at 189 points during the second week of February against provisional level of 188.8 points.
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