Indian Inflation rises to 10%+ again Y-o-Y

Ministry of Commerce & Industry01-September, 2011 11:52 IST

Wholesale Price Indices for Primary Articles and Fuel & Power in India (Base: 2004-05 = 100) Review for the week ended 20th August, 2011 (29 Shravana, 1933 Saka)

The WPI for the week ended 20th August, 2011 in respect of ‘Primary Articles’ and ‘Fuel & Power’ is given below: PRIMARY ARTICLES (Weight 20.12%) The index for this major group rose by 1.2 percent to 200.9 (Provisional) from 198.5 (Provisional) for the previous week. The annual rate of inflation, calculated on point to point basis, stood at 12.93 percent (Provisional) for the week ended 20/08/2011 (over 21/08/2010) as compared to 12.40 percent (Provisional) for the previous week (ended 13/08/2011). The groups and items for which the index showed variations during the week are as follows:- The index for 'Food Articles' group rose by 1.2 percent to 195.0 (Provisional) from 192.7 (Provisional) for the previous week due to higher prices of poultry chicken (5%), fruits & vegetables and fish-inland (3% each), ragi, jowar, egg and gram (2% each) and fish-marine, moong, pork and bajra (1% each). However, the prices of barley (1%) declined. The index for ‘Non-Food Articles’ group remained unchanged at its previous week’s level of 181.3 (Provisional). The items for which the index showed variations are raw cotton (+4%), coir fibre (+3%), groundnut seed, gingelly seed and fodder (+2% each) and raw silk (+1%). Flowers (-11%), sunflower (-4%), raw rubber and gaur seed (-3% each) and castor seed and soyabean (-2% each). maize The index for 'Minerals' group rose by 3.1 percent to 310.8 (Provisional) from 301.6 (Provisional) for the previous week due to higher prices of copper ore (34%), limestone (19%), zinc concentrate (18%), steatite (9%), dolomite and bauxite (7% each) and chromite (2%). However, the prices ofmagnesite (25%), barytes (22%) and sillimanite (10%) declined. FUEL & POWER (Weight 14.91%) The index for this major group declined by 0.2 percent to 166.8 (Provisional) from 167.2 (Provisional) for the previous week due to lower prices of light diesel oil (3%), aviation turbine fuel and naphta (2% each) and furnace oil (1%). However, the price of bitumen (1%) moved up. The annual rate of inflation, calculated on point to point basis, stood at 12.55 percent (Provisional) for the week ended 20/08/2011 (over 21/08/2010) as compared to 13.13 percent (Provisional) for the previous week (ended 13/08/2011). Build up inflation over the week, financial year end and over the year is given in Annexure-I for some important items. Trend of rate of inflation during last six weeks is also given for some important items in Annexure II. Next date of press release: 08/09/2011 for the week ending 27/08/2011 This press release is available at our home page http://eaindustry.nic.in Annexure-I Wholesale Price Index and Rates of Inflation [Base Year: 2004-05 Week Ending 20th August, 2011 (Base: 2004-05) Commodities/Major Groups/Groups/Sub-Groups Weight WPI Aug 20,2011 Latest week over week Build up from end March Year on year 52 week Average 2010-11 2011-12 2010-11 2011-12 2010-11 2011-12 Primary Articles 20.12 200.9 0.74 1.21 6.78 6.63 16.27 12.93 15.00 Food Articles 14.34 195.0 0.97 1.19 7.79 8.88 15.14 10.05 11.51 Cereals 3.37 178.1 0.89 0.34 2.65 3.85 9.45 4.64 4.24 Rice 1.79 173.2 1.84 0.29 1.72 3.84 8.79 4.40 3.81 Wheat 1.12 170.0 -0.17 0.12 1.93 -0.35 11.01 -2.52 0.21 Pulses 0.72 193.4 -0.64 0.83 0.80 2.11 6.89 -4.16 -6.50 Vegetables 1.74 206.2 2.71 11.64 37.32 43.79 -1.66 15.78 12.79 Potato 0.20 154.1 5.67 2.87 33.46 43.62 -44.19 13.31 -24.72 Onion 0.18 258.6 3.32 12.34 5.04 53.29 -2.54 57.01 38.84 Fruits 2.11 182.0 0.34 -3.96 3.03 -2.31 8.95 21.58 21.60 Milk 3.24 193.0 0.06 -0.21 3.64 10.92 26.85 9.22 12.59 Egg, Meat & Fish 2.41 213.3 2.49 1.81 8.23 8.05 27.28 12.62 15.25 Non-Food Articles 4.26 181.3 0.52 0.00 2.72 -5.43 16.23 17.19 23.63 Fibres 0.88 219.7 2.84 3.19 5.07 -23.45 17.09 37.66 54.58 Oil Seeds 1.78 160.8 0.29 -0.12 2.50 6.56 2.50 15.43 8.56 Minerals 1.52 310.8 -0.04 3.05 7.86 16.58 24.46 24.42 23.91 Fuel & Power 14.91 166.8 0.27 -0.24 5.78 5.64 12.61 12.55 11.91 Liquefied Petroleum Gas 0.91 147.7 0.00 0.00 14.99 14.58 15.30 14.58 14.14 Petrol 1.09 172.4 0.00 0.00 8.62 8.70 15.33 23.23 22.98 High Speed Diesel Oil 4.67 167.8 0.00 0.00 6.15 9.24 14.64 9.32 10.66 Annexure-II Trend of Rate of Inflation for some important items during last six week Commodities/Major Groups/Groups/Sub-Groups Weight (%) Rate of Inflation for the week ending 20-Aug-11 13-Aug-11 06-Aug-11 30-July-11 23-July-11 16-July-11 Primary Articles 20.12 12.93 12.40 11.64 12.22 10.99 10.49 Food Articles 14.34 10.05 9.80 9.03 9.90 8.04 7.33 Cereals 3.37 4.64 5.22 6.23 6.22 5.13 4.82 Rice 1.79 4.40 6.02 5.58 4.23 2.35 1.80 Wheat 1.12 -2.52 -2.80 0.59 2.57 2.03 1.84 Pulses 0.72 -4.16 -5.56 -5.63 -5.95 -7.01 -8.01 Vegetables 1.74 15.78 6.52 2.59 14.61 10.20 7.59 Potato 0.20 13.31 16.39 7.22 10.85 7.85 10.55 Onion 0.18 57.01 44.42 37.62 36.62 26.36 22.66 Fruits 2.11 21.58 27.01 26.46 16.49 15.97 13.90 Milk 3.24 9.22 9.51 9.76 10.38 10.26 9.96 Egg, Meat & Fish 2.41 12.62 13.37 9.93 13.44 6.66 6.36 Non-Food Articles 4.26 17.19 17.80 16.07 15.05 15.60 16.05 Fibres 0.88 37.66 37.18 34.32 26.28 26.12 28.37 Oil Seeds 1.78 15.43 15.91 16.47 16.45 16.75 13.72 Minerals 1.52 24.42 20.69 21.25 23.12 23.12 23.12 Fuel & Power 14.91 12.55 13.13 13.13 12.19 12.12 12.12 Liquefied Petroleum Gas 0.92 14.58 14.58 14.58 14.58 14.58 14.58 Petrol 1.09 23.23 23.23 23.23 23.23 23.23 23.23 High Speed Diesel Oil 4.67 9.32 9.32 9.32 9.32 9.32 9.32 DS