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Inflation of 30 essential commodities over 20% in Nov: Meena

Last Updated: Friday, December 18, 2009 - 22:34

New Delhi: The government today said
wholesale price inflation of 30 essential commodities has
crossed 20 per cent in November.

"The wholesale price index based inflation in 30
essential commodities in the month of November, 2009 was 21.15
per cent compared to 17.91 per cent in October and 18.50 per
cent in September," Minister of state for Finance Namo Narain
Meena told the Lok Sabha in a written reply.

To another query, Finance Minister Pranab Mukherjee said,
the Government is monitoring price situation at regular
intervals and reining inflation is its main priority."

He said while wholesale price inflation stood at 1.34
per cent in October, consumer price inflation for industrial
workers (CPI-IW) was 11.49 in the same month.

However, inflation of 30 essential commodities was 17.91
per cent in wholesale prices index and 17.70 per cent in
CPI-IW, he said.

These two rates of price rise are more or less same
because both indices have same set of goods. The slight
difference is due to weightage given to these commodities in
these indices and seasonal variations.

In reply to a question, Minister of state for Finance S S
Palanimanickam said the Finance Minister has not received any
request from Maharashtra to waive excise duty on sugar and
molasses in order to stabilise their prices during the current
financial year.


First Published: Friday, December 18, 2009 - 22:34
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