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Thursday, May 20, 2010

Primary articles group inflation recedes to 16.19%

Food inflation at 16.49% 

The index for primary articles group declined by 0.1%. The annual rate of inflation, calculated on point-to-point basis, stood at 16.19% for the week ended 8 May 2010 over 16.76% for the previous week ended 1 May 2010 and over 6.67% during the corresponding week ended 9 May 2009. 

The fall in primary articles index was due to 0.4% fall in index of non food articles along with marginal fall in the index of food articles. 

The index for 'Non-Food Articles' group declined by 0.4% to 282.1 (Provisional) from 283.1 (Provisional) for the previous week due to lower prices of raw rubber (7%), linseed (2%) and castor seed (1%). However, the prices of raw jute (2%) moved up. Annually the group inflation rose 18.68% in the week ended 8 May 10, lower than 21.24% in the previous week.
The index for 'Food Articles' group declined marginally to 293.9 (Provisional) from 294.0 (Provisional) for the previous week due to lower prices of wheat (2%) and fish-inland, maize and gram (1% each).However, the prices of urad and moong (2% each) and fruits & vegetables and tea (1% each) moved up. However, annual wholesale food prices inflation rose 16.49% in the week ended 8 May 10, higher than 16.44% in the previous week. 

The index for fuel, power, light and lubricants group remained unchanged at its previous week's level of 365.3 (Provisional). The annual rate of inflation, calculated on point to point basis also remained unchanged at 12.33% (Provisional) for the week ended 8 May 10.
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