Inflation in India rises to 12%+ and Petrol prices raised

Wholesale Price Indices for Primary Articles and Fuel & Power in India (Base: 2004-05 = 100) Review for the week ended 22nd October, 2011 (30 Asvina, 1933 Saka)

The WPI for the week ended 22nd October, 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 0.2 percent to 205.0 (Provisional) from 204.5 (Provisional) for the previous week. The annual rate of inflation, calculated on point to point basis, stood at 12.08 percent (Provisional) for the week ended 22/10/2011 (over 23/10/2010) as compared to 11.75 percent (Provisional) for the previous week (ended 15/10/2011).  The groups and items for which the index showed variations during the week are as follows:- The index for 'Food Articles' group rose by 0.7 percent to 202.2 (Provisional) from 200.8  (Provisional) for the previous week due to higher prices of fish-inland (9%), poultry chicken and fish-marine (4% each), egg, condiments & spices and ragi (2% each) and gram, tea and bajra (1% each). However, the prices of moong (3%), masur (2%) and barley, arhar, urad and fruits & vegetables (1% each) declined. The index for 'Non-Food Articles' group declined by 1.4 percent to 177.2 (Provisional) from 179.7  (Provisional) for the previous week due to lower prices of flowers (20%), raw silk (9%), raw jute (4%),      castor seed (3%), sunflower, raw cotton and raw rubber (2% each) and rape & mustard seed (1%). However, the prices of soyabean (4%), gaur seed (3%) and copra and groundnut seed (1% each) moved up. FUEL & POWER (Weight 14.91%) The index for this major group declined by 0.2 percent to 169.8 (Provisional) from 170.1 (Provisional) for the previous week due to lower prices of light diesel oil (5%), furnace oil, naphtha and aviation turbine fuel (1% each).  However, the prices of bitumen (1%) moved up. The annual rate of inflation, calculated on point to point basis, stood at 14.50 percent (Provisional) for the week ended 22/10/2011 (over 23/10/2010) as compared to 14.70 percent (Provisional) for the previous week (ended 15/10/2011). 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: 11/11/2011 for the week ending 29/10/2011 Annexure-I Wholesale Price Index and Rates of Inflation [Base Year: 2004-05] Week Ending 22nd October, 2011 (Base: 2004-05) Commodities/Major Groups/Groups/Sub-Groups Weight WPI Oct 22,2011 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 20.12 205.0 -0.05 0.24 9.78 8.81 17.09 12.08 13.96 Food Articles 14.34 202.2 0.00 0.70 9.61 12.90 13.55 12.21 10.58 Cereals 3.37 176.3 0.30 -0.17 2.11 2.80 4.38 4.13 4.00 Rice 1.79 175.9 -0.18 -0.23 3.49 5.46 4.91 4.21 3.61 Wheat 1.12 165.8 0.18 -0.42 -1.58 -2.81 2.00 -1.54 -1.06 Pulses 0.72 212.7 -2.51 -0.19 -4.85 12.30 -1.96 11.65 -6.16 Vegetables 1.74 235.1 -5.20 -2.25 40.63 63.95 -0.49 28.89 14.50 Potato 0.20 154.2 -2.05 -0.64 49.85 43.71 -50.21 0.98 -11.61 Onion 0.18 228.8 -0.45 -2.18 83.16 35.63 24.60 -20.33 35.93 Fruits 2.11 180.4 1.70 1.41 11.22 -3.17 17.78 11.63 21.41 Milk 3.24 197.2 -0.73 0.05 3.52 13.33 20.56 11.73 10.64 Egg, Meat & Fish 2.41 222.3 3.92 4.42 12.06 12.61 30.04 13.36 12.48 Non-Food Articles 4.26 177.2 -0.24 -1.39 10.56 -7.56 25.09 6.43 21.76 Fibres 0.88 212.1 -0.51 -2.80 28.37 -26.10 42.54 8.77 50.08 Oil Seeds 1.78 154.4 -1.70 0.65 2.13 2.32 5.87 11.24 9.81 Minerals 1.52 309.2 0.00 0.00 9.80 15.98 29.09 21.59 23.30 Fuel & Power 14.91 169.8 0.00 -0.18 5.85 7.54 10.67 14.50 12.44 Liquefied Petroleum Gas 0.91 147.3 0.00 0.00 14.99 14.27 15.30 14.27 14.00 Petrol 1.09 181.1 0.00 0.00 10.71 14.19 17.56 27.00 24.82 High Speed Diesel Oil 4.67 167.8 0.00 0.00 6.15 9.24 14.64 9.32 9.77 Annexure-II Trend of Rate of Inflation for some important items during last six weeks Commodities/Major Groups/Groups/Sub-Groups Weight (%) Rate of Inflation for the week ending 22-Oct-11 15-Oct-11 08-Oct-11 01-Oct-11 24-Sep-11 17-Sep-11 Primary Articles 20.12 12.08 11.75 11.18 10.60 10.84 11.43 Food Articles 14.34 12.21 11.43 10.60 9.32 9.41 9.13 Cereals 3.37 4.13 4.62 4.73 5.41 4.57 3.83 Rice 1.79 4.21 4.26 4.42 5.86 4.13 3.48 Wheat 1.12 -1.54 -0.95 -0.18 -0.24 -1.01 -2.67 Pulses 0.72 11.65 9.06 7.42 6.87 7.54 4.86 Vegetables 1.74 28.89 25.00 17.59 13.01 14.88 11.98 Potato 0.20 0.98 -0.45 1.73 3.79 9.34 14.91 Onion 0.18 -20.33 -18.93 -11.27 -10.15 10.58 17.04 Fruits 2.11 11.63 11.96 12.39 12.19 11.72 12.47 Milk 3.24 11.73 10.85 10.80 10.35 10.35 10.35 Egg, Meat & Fish 2.41 13.36 12.82 14.10 9.92 10.33 13.17 Non-Food Articles 4.26 6.43 7.67 8.51 9.59 10.77 12.89 Fibres 0.88 8.77 11.33 12.77 14.32 18.13 24.42 Oil Seeds 1.78 11.24 8.64 8.63 12.71 12.19 13.50 Minerals 1.52 21.59 21.59 19.72 21.05 21.05 24.73 Fuel & Power 14.91 14.50 14.70 15.17 15.10 14.69 14.69 Liquefied Petroleum Gas 0.92 14.27 14.27 14.27 14.27 14.27 14.27 Petrol 1.09 27.00 27.00 29.17 29.17 29.17 29.45 High Speed Diesel Oil 4.67 9.32 9.32 9.32 9.32 9.32 9.32 DS/GK (Release ID :76975)