14.39% growth on Y-O-Y
The index for primary articles declined by 0.7% to 282.2 for the week
ended 26 December 2009 from 284.1 previous week. The annual rate of
inflation, calculated on point to point basis, stood at 14.39% for the
week ended 26 December 2009 over 27 December 2008.
The index for 'Food Articles' group declined by 1.0% to 284.8 from
287.7 for the previous week due to lower prices of fruits &
vegetables (6%), gram (3%) and tea (1%). However, the prices of
fish-marine and barley (3% each) and moong and masur (1% each) moved
up. The index for 'Non-Food Articles' group rose by 0.1 % to 251.4
(Provisional) from 251.2 (Provisional) for the previous week due to
higher prices of raw silk (4%), fodder and raw rubber (2% each) and
cotton seed and copra (1% each). However, the prices of castor seed
(3%) declined.
The index for ‘Minerals' group rose by 0.8% to 591.6 from 587.0 for the
previous week due to higher prices of fire clay (57%), dolomite (52%),
asbestos (29%), gypsum (28%), chromite (19%), steatite (16%), felspar
(13%), phosphorite (10%), barytes (8%) and fluorite (1%). However, the
prices of vermiculite (46%), ochre (20%) and magnesite (3%) declined.
The index for fuel and power group rose by 0.4% to 346.2 from 344.9 for
the previous week due to higher prices of light diesel oil (5%),
naphtha (3%) and furnace oil (2%). However, the prices of bitumen (1%)
declined.
The annual rate of inflation, calculated on point to point basis stood
at 4.85% (Provisional) for the week ended 26 December 2009 compared
with 4.45% last week and (-) 0.75% during the week 26 December 2008. On
week on week basis , food inflation recorded declined however the
current growth in food prices is much higher compared with a year ago.