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Thursday, December 24, 2009

Primary articles surged 14.66%

2.4% growth in non food articles 

The WPI for the week ended 12 December, 2009 in respect of ‘Primary Articles' and Commodities in the broad group surged 14.66% compared to 14.98% for the previous week. The index for this major group declined 0.3 % to 284.7 from 285.5 for the previous week.

The index for food articles group declined 1.2 % to 288.8 from 292.2 for the previous week due to lower prices of wheat (5%), bajra(4%), fruits & vegetables and barley (2 % each) and rice, condiments & spices, tea, masur and maize(1% each). However, the prices of moong (2%) and jowar (1 %) moved up.

The index for non-food articles group rose 2.4% to 250.7 from 244.8 for the previous week due to higher prices of tobacco (33 %), raw cotton (6%), raw rubber (4 %), fodder and copra (3 % each) and raw jute, groundnut seed and logs & timber (1 % each). However, the prices of raw silk (2 %) declined.

The index for fuel, power, light and lubricants remained unchanged at their provisional level of 344.9 and 3.95% respectively. The rate of inflation was declined 0.27 %during the corresponding week of the previous year.

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