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Cheaper manufactured items contain inflation

Our Bureau

Wholesale Price Index up at 196.4 points
Rates up for cottonseed (13 pc), raw silk (9 pc) & raw rubber (8 per cent)
Prices down for sunflower (7pc); eggs & fodder (4 per cent)

New Delhi , Feb. 10

THE annual wholesale price index-based inflation rose 4.3 per cent during the week ended January 28, lower than the previous week's annual rise of 4.51 per cent. The dip in the year-on-year inflation was largely on account of a fall in prices of manufactured products and some food items, according to data released by the Ministry of Commerce and Industry today.

During the latest reported week, the Wholesale Price Index (WPI) was at 196.4 points, against a level of 188.3 points during the corresponding week of the previous year. The WPI inflation rate was at 5.14 per cent during the same week of the pervious year.

On a disaggregated basis, the Primary Articles' group index was up 0.2 per cent to 194.7 points due to increase in prices of both food and non-food items. The index was 183.9 points a year ago.

The Fuel, Power, Light and Lubricants' group index remained unchanged at the previous week's level of 311 points. The index was at 288.1 points during the same period last year. The index for Manufactured Products' group declined 0.6 per cent to 171.4 points as prices of metals and chemicals went down. The index was 167.5 points a year ago.

Among the Primary Articles' Group, the Food Articles' group index was up 0.2 per cent to 196.6 points due to increase in prices of jowar and arhar (5 per cent each), moong (3 per cent), tea (2 per cent) and condiments and spices, bajra, maize and rice (1 per cent each). However, prices declined in case of eggs (4 per cent), vegetables, urad, fish-inland, ragi and pork (1 per cent each).

The index for Non-Food Articles' group rose 0.2 per cent to 177 points owing to costlier cottonseed (13 per cent), raw silk (9 per cent), raw rubber (8 per cent), logs and timber (6 per cent) and mesta, soyabean and tobacco (1 per cent each). But, prices came down for sunflower (7 per cent), fodder (4 per cent), copra (2 per cent) and raw cotton (1 per cent).

Among the Manufactured Products' group, the Food Articles' group index increased 0.5 per cent to 179.2 points as prices moved up for sooji and atta (two per cent each) and sugar, maida, khandsari and imported edible oil (1 per cent each). But there was a decline in prices of gur (3 per cent) and groundnut oil and gingelly oil (1 per cent each).

A four per cent rise in prices of texturised yarn pushed up the Textiles' group index by 0.2 per cent to 129.9 points, while woollen yarn became cheaper by 3 per cent. A marginal increase in paper and pulp price moved up the Paper and Paper Products group index by 0.1 per cent to 177.9 points. The index for Chemicals and Chemical Products' group declined 0.1 per cent to 189 points due to lower prices of phenol (2 per cent) and acid (1 per cent).

A one per cent increase in cement prices pushed up the Non-Metallic Mineral Products' group index by 0.6 per cent to 171.5 points. The index for Machinery and Machine Tools' group was up 0.7 per cent to 147.4 points due to costlier other cables (15 per cent), rubber insulated cables (14 per cent), enamelled copper wires and PVC insulated cables (3 per cent each).

The Government revised the final inflation to 4.44 per cent for the week ended December 3, from the provisional figure of 4.55 per cent, while the WPI stood corrected at 197.6 during the week from 197.8 points.

Related Stories:
Inflation up on dearer manufactured products
Stable fuel prices contain inflation

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