Leads to a 13.90% growth in primary articles
The index for primary articles major group rose 0.9% to 284.4 from
281.9 for the previous week. The annual rate of inflation, calculated
on point to point basis, stood at 13.90% for the week ended 28 November
2009 as compared to 12.53% for the previous week and 11.57% during the
corresponding week of the previous year.
Among the major contributors, the index for food articles
group rose 0.7% to 291.2 from 289.2 for the previous week due to higher
prices of moong, condiments & spices and arhar (3% each),
fish-inland and masur (2% each) and gram, wheat, tea, fruits &
vegetables and rice (1% each). However, the prices of maize and bajra
(1% each) declined. The index for non-food articles group rose 1.7% to
243.5 from 239.5 for the previous week due to higher prices of raw
rubber (13%), groundnut seed and castor seed (5% each), copra (2%) and
linseed, raw cotton and gingelly seed (1% each). However, the prices of
tobacco (2%) declined.
The food articles based inflation zoomed to 19.05% for the
week ended 28 November 2009 as compared to 10.48% during the
corresponding week of the previous year. This rise was mainly led by
rise in prices of vegetables (31.03%), fruits (12.54%), wheat (12.60%).
Potatoes grew by 102.19% in the week ended 28 November 09 on y-o-y
basis.
The index for fuel, power, light and lubricants group remained
unchanged at its previous week's level. The annual rate of inflation,
calculated on point to point basis, stood at 0.06% over 29 November 08
as compared to 0.00% for the previous week 21 November 09 and 4.42%
during the corresponding week of the previous year.
