Business Daily from THE HINDU group of publications
Saturday, Aug 05, 2006
Industry & Economy - Economy
Inflation up as pulses, vegetables turn dearer
Up & down
Index for primary articles group up by 0.3 per cent.
Chemicals & chemical products group index down 0.6 per cent.
Chicken prices rose 11%; timber rated dip 9%
New Delhi , Aug. 4
The annual wholesale price index-based inflation rose 4.67 per cent during the week ended July 22, higher than the previous week's annual rise of 4.52 per cent. The increase in the year-on-year inflation rate was largely on account of a spurt in prices of some vegetables, pulses, industrial fuel and some manufactured items, Government data showed on Friday.
The wholesale price index (WPI) for all commodities was up by 0.2 per cent to 204.1 points during the latest reported week. The WPI was at 195 points in the year ago period. The inflation growth stood at 4.33 per cent during the corresponding week of the previous year.
On a disaggregated basis, the index for primary articles group was up by 0.3 per cent to 203.4 points due to rise in prices of food articles. The index was 194.5 points a year ago. The fuel power, light and lubricants group index rose by 0.3 per cent due to increase in prices of naphtha (4 per cent), furnace oil (2 per cent) and bitumen (1 per cent). The index was 304.5 points a year ago.
The manufactured products group index was up by 0.1 per cent to 176.8 points owing to increase in prices of food products, textiles, basic metals, machinery and transport parts. The index was 170.8 points a year ago. Among the primary articles' group, the food articles' group index rose by 0.6 per cent to 204.8 points owing to spurt in prices of poultry chicken (12 per cent), vegetables (2.3 per cent), fruits, masur, urad, gram and eggs (1 per cent each).
The index for non-food articles group declined by 0.3 per cent to 184.1 points due to fall in prices of logs and timber (11 per cent), raw rubber and fodder (2 per cent each), gingelly seed, soyabean and raw jute (1 per cent each).
Among the manufactured products' group, the food products group index was up by 0.2 per cent to 180.4 points due to higher prices of rice bran oil and imported edible oil (4 per cent each), rapeseed and mustard oil, groundnut oil, biscuits and cattle feed (2 per cent each), coffee powder, coconut oil, sugar and sweet meat confectionery, cotton seed oil and ghee (1 per cent each).
Chemicals index fall
The index for chemicals and chemical products group index declined by 0.6 per cent to 195.3 points due to lower prices of pesticides, but there was one per cent increase in prices of oral liquids other than vitamins, soda ash and hair oil.
The base metals alloys and metal products group index rose by 0.6 per cent to 228 points owing to increase in prices of skelps (9 per cent) and wire (4 per cent), but zinc ingots became cheaper by 4 per cent and lead ingots by 2 per cent.
A one per cent increase in prices of complete tractors pushed up the machinery and machine tools group index by 0.1 per cent to 152.4 points.
The Government revised upward the final inflation figure to 4.99 per cent for the week ended May 27, from provisional 4.68 per cent while the WPI stood corrected at 201.9 points from the earlier estimate of 201.3 points.
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