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Inflation inches up to 2.47%
Commodities` prices began to rise as inflation measured by wholesale price index (WPI) inched up marginally by 0.07 per cent to 2.47 per cent for the week ended November 10 as compared to 7.48 per cent a year ago.
Commodities' prices began to rise as inflation measured by wholesale price index (WPI) inched up marginally by 0.07 per cent to 2.47 per cent for the week ended November 10 as compared to 7.48 per cent a year ago.
The point-to-point inflation, which was 2.40 per cent in the previous week, rose mainly due to over three per cent rise in the price of vegetables and a sharp rise in fuel prices, which had remained firm for the last few weeks.
The rate of increase in prices was, however, to a great extent contained by fall in the prices of food and non-food items like milk, bajra, ragi, gram, groundnut seed and tea.
The WPI dipped by 0.1 per cent to 162 as against 162.2 in the previous week as primary articles became cheaper during the period and the index was 158.1 in the previous year.
The final WPI stood at 161.3 for the week ended September 15 as compared to a provisional figure of 161.8, while the final inflation was only 4.60 per cent as against provisional level of 4.93 per cent.
The all India consumer price index for agricultural and rural labourers (CPI-AL & CPI-RL) increased by two points in each series to 313 and 315 respectively in October. The inflation based on CPI-AL and CPI-RL also rose to 2.62 and 2.61 per cent from 1.63 and 1.62 per cent respectively.
Primary commodities' prices fell by 0.8 per cent and the fuel products became costlier by 0.5 per cent, while the index for manufactured articles remained firm at the previous week's figure. The index for primary articles' group fell to 168.2 from 169.5 even as there was an over one per cent increase in the price of minerals. The index was 162.6 a year ago.
The fall in the price of primary articles was mainly due to 0.9 per cent dip in food articles' group index and 0.4 per cent in non-food articles' group.
The index for food articles group fell to 177.2 from 178.8 as prices fell for fish-inland (eight per cent), bajra and milk (two per cent each) and ragi, gram, urad, tea, and condiments and spices (one per cent each).
Prices, however, rose in the case of maize and barley (two per cent each) and jowar (one per cent).
Non-food articles' group index fell to 149.5 from 150.1 due to cheaper raw cotton, groundnut seed and fodder (one per cent each), while there was four per cent hike in the price of copra and three per cent in raw silk.
The index for minerals' group rose by 1.1 per cent to 119.3 from 118 as there was seven per cent rise in the price of limestone and two per cent in barytes, while there was six per cent fall in the price of magnesite.
Fuel, power, light and lubricants' group index rose to 231.6 from 230.5 in the previous week due to higher prices for light diesel oil (seven per cent) and high speed diesel oil (three per cent) even as there was two per cent fall in the price of bitumen. The index was 220.9 in the previous year.
The index for manufactured products' group remained firm at the previous week's level of 144.4 although food, wood, chemical and non-metallic mineral products became costlier and the index was 142.6 a year ago.
Bureau Report
The rate of increase in prices was, however, to a great extent contained by fall in the prices of food and non-food items like milk, bajra, ragi, gram, groundnut seed and tea.
The WPI dipped by 0.1 per cent to 162 as against 162.2 in the previous week as primary articles became cheaper during the period and the index was 158.1 in the previous year.
The final WPI stood at 161.3 for the week ended September 15 as compared to a provisional figure of 161.8, while the final inflation was only 4.60 per cent as against provisional level of 4.93 per cent.
The all India consumer price index for agricultural and rural labourers (CPI-AL & CPI-RL) increased by two points in each series to 313 and 315 respectively in October. The inflation based on CPI-AL and CPI-RL also rose to 2.62 and 2.61 per cent from 1.63 and 1.62 per cent respectively.
Primary commodities' prices fell by 0.8 per cent and the fuel products became costlier by 0.5 per cent, while the index for manufactured articles remained firm at the previous week's figure. The index for primary articles' group fell to 168.2 from 169.5 even as there was an over one per cent increase in the price of minerals. The index was 162.6 a year ago.
The fall in the price of primary articles was mainly due to 0.9 per cent dip in food articles' group index and 0.4 per cent in non-food articles' group.
The index for food articles group fell to 177.2 from 178.8 as prices fell for fish-inland (eight per cent), bajra and milk (two per cent each) and ragi, gram, urad, tea, and condiments and spices (one per cent each).
Prices, however, rose in the case of maize and barley (two per cent each) and jowar (one per cent).
Non-food articles' group index fell to 149.5 from 150.1 due to cheaper raw cotton, groundnut seed and fodder (one per cent each), while there was four per cent hike in the price of copra and three per cent in raw silk.
The index for minerals' group rose by 1.1 per cent to 119.3 from 118 as there was seven per cent rise in the price of limestone and two per cent in barytes, while there was six per cent fall in the price of magnesite.
Fuel, power, light and lubricants' group index rose to 231.6 from 230.5 in the previous week due to higher prices for light diesel oil (seven per cent) and high speed diesel oil (three per cent) even as there was two per cent fall in the price of bitumen. The index was 220.9 in the previous year.
The index for manufactured products' group remained firm at the previous week's level of 144.4 although food, wood, chemical and non-metallic mineral products became costlier and the index was 142.6 a year ago.
Bureau Report