Inflation News as on 31st July 2008
The annual rate of inflation, calculated on point to point basis, stood at 11.98 percent (Provisional) for the week ended 19/07/2008 (over 21/07/2007 ). The inflation was 11.89 percent (Provisional) for the previous week. The annual rate of inflation stood at 4.65 percent as on 21/07/2007 i.e. a year ago.
In the index of food articles rose by 0.1 percent, non food articles declined marginally.
The annual rate of inflation for ‘Food Articles’ stood at 5.78 percent (Provisional) for the week ended 19/07/2008 . It was 9.53 percent as on 21/07/2007 i.e. a year ago.
In the fuel, power segmentt there was no change
The manufacturing sector inflation increased by 0.2 percent.
Inflation News as on 25th July 2008
The official Wholesale Price Index for 'All Commodities' (Base: 1993-94 = 100) for the week ended 12th July 2008 rose by 0.1 percent to 239.0 (Provisional) from 238.7 (Provisional) for the previous week.
The annual rate of inflation, calculated on point to point basis, stood at 11.89 percent (Provisional) for the week ended 12/07/2008 as compared to 11.91 percent.
The prices of fish-marine (3%), tea (2%) and condiments & spices and maize (1% each) declined
The prices of rice bran oil (2%) and imported edible oil, cotton seed oil and groundnut oil (1% each) declined.
The index for 'Textiles' group declined by 0.1 percent
The official Wholesale Price Index for 'All Commodities' (Base: 1993-94 = 100) for the week ended 5th July 2008 rose by 0.3 percent to 238.7 (Provisional) from 238.1 (Provisional) for the previous week.
The annual rate of inflation, calculated on point to point basis, stood at 11.91 percent (Provisional) for the week ended 05/07/2008 (over 07/07/2007) as compared to 11.89 percent (Provisional) for the previous week (ended 28/06/2008). The annual rate of inflation stood at 4.61 percent as on 07/07/2007) i.e. a year ago.
The movement of the index for the various commodity groups is summarized below:
1. Primary Articles - The index for this major group declined by 0.1 percent to 246.1 (Provisional) from 246.4 (Provisional) for the previous week.
2. Fuel, Power, Light & Lubricants -The index for this major group rose by 0.5 percent to 376.3(Provisional) from 374.4 (Provisional) for the previous week due to higher prices of naphtha (8%), light diesel oil (7%), furnace oil (6%), aviation turbine fuel (5%) and bitumen (2%). However, the prices of liquefied petroleum gas (5%) declined.
3. Manufactured Products - The index for this major group rose by 0.3 percent to 205.4(Provisional) from 204.8(Provisional) for the previous week. The groups and items for which the index showed variations during the week are as follows:- The index for 'Food Products' group declined by 0.5 percent to 211.2 (Provisional) from 211.3 (Provisional) for the previous week due to lower prices of bran (all kinds) (6%) and salt and oil cakes (1% each). However, the prices of rice bran oil and maida (2% each) and cotton seed oil, atta, coconut oil, imported edible oil and gingelly oil (1% each) moved up.
Inflation Rate – Update 11th July 2008
The rate of inflation stood at 11.89 percent for the week ended 28th june 2008 over the same period in 2007.
The WPI – Wholesale Price Index (base = 1993-94 = 100) for all Commodities stood at 238.1 percent from 237.1 the previous week.
Primary articles rose by 0.9 percent . The Index of fuel, power, light and lubricants remained unchanged. The index for Manufacturing grew by 0.4 percent
