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Inflation touches fiscal`s lowest of 4.65 pc
New Delhi, July 27: With yet another 0.5 per cent fall, inflation dipped to this fiscal`s lowest ever figure of 4.65 per cent for the week ended July 12 mainly due to cheaper vegetables, fruits, edible oils, wheat and eggs, even as fuel prices stood unchanged.
New Delhi, July 27: With yet another 0.5 per cent fall, inflation dipped to this fiscal's lowest ever figure of 4.65 per cent for the week ended July 12 mainly due to cheaper vegetables, fruits, edible oils, wheat and eggs, even as fuel prices stood unchanged.
The Wholesale Price Index (WPI) inflation ticked below a
five per cent mark for the second time so far in 2003-04 from
the previous week's level of 5.15 per cent and it was a mere
2.79 per cent in the year-ago period.
However, the inflation for the latest reported week is markedly higher than the 3.34 per cent recorded in first week of January 2003, showing the extent of rise in cost of living within seven months.
Cheaper manufactured products, which has highest weight, led to a 0.2 per cent fall in the WPI to 173.3 points and the index was 165.6 in the previous year period.
Government made a final revision in WPI to 173.4 points for the week ended May 17 as compared to provisional figure of 172.3, while the point-to-point inflation found an upward move to 6.58 per cent against the provisional mark of 5.9 per cent.
Led by a sharp one per cent fall in the prices of food items, the index of mass consumption primary articles' group declined by 0.6 per cent to 181 points even as non-food and minerals became costlier. The index was 172.3 points in the previous year period.
Food articles became cheaper due to fall in the price of vegetables (six per cent), fruits, eggs and maize (two per cent each) and fish-inland and wheat (one per cent each), even as there was one per cent price rise in ragi and moong.
The index of non-food articles' group was up 0.2 per cent to 186.1 points owing to costlier cotton seed (six per cent), rape and mustard seed (two per cent) and raw cotton, copra, soyabean and castor seed (one per cent each).
Prices, however, fell for sunflower (four per cent), raw rubber (three per cent) and groundnut seed and safflower seed (one per cent each).
Minerals' Group Index was up 0.3 per cent to 119.7 points owing to costlier fire clay and magnesite (14 per cent each), barytes (13 per cent), vermiculite (six per cent), fluorite (four per cent) and stealite (one per cent).
Notwithstanding the upward movement in the price of crude in the international markets, the index for fuel, power, light and lubricants' group stood unchanged at the previous week's level of 247.3 points and the index was 238.4 points in the previous year period.
In the global markets, oil prices rose slightly in early trading ahead of weekly estimates of us crude stock levels expected to show a modest decline.
A substantial increase in the price of naphtha has led to a 0.5 per cent increase in the fuel prices in the previous week.
Manufactured products' group index fell by 0.2 per cent to 154.1 points due to cheaper food products, textiles, paper products, non-metallic minerals and basic metals. The index was 147 in the previous year period. Bureau Report
However, the inflation for the latest reported week is markedly higher than the 3.34 per cent recorded in first week of January 2003, showing the extent of rise in cost of living within seven months.
Cheaper manufactured products, which has highest weight, led to a 0.2 per cent fall in the WPI to 173.3 points and the index was 165.6 in the previous year period.
Government made a final revision in WPI to 173.4 points for the week ended May 17 as compared to provisional figure of 172.3, while the point-to-point inflation found an upward move to 6.58 per cent against the provisional mark of 5.9 per cent.
Led by a sharp one per cent fall in the prices of food items, the index of mass consumption primary articles' group declined by 0.6 per cent to 181 points even as non-food and minerals became costlier. The index was 172.3 points in the previous year period.
Food articles became cheaper due to fall in the price of vegetables (six per cent), fruits, eggs and maize (two per cent each) and fish-inland and wheat (one per cent each), even as there was one per cent price rise in ragi and moong.
The index of non-food articles' group was up 0.2 per cent to 186.1 points owing to costlier cotton seed (six per cent), rape and mustard seed (two per cent) and raw cotton, copra, soyabean and castor seed (one per cent each).
Prices, however, fell for sunflower (four per cent), raw rubber (three per cent) and groundnut seed and safflower seed (one per cent each).
Minerals' Group Index was up 0.3 per cent to 119.7 points owing to costlier fire clay and magnesite (14 per cent each), barytes (13 per cent), vermiculite (six per cent), fluorite (four per cent) and stealite (one per cent).
Notwithstanding the upward movement in the price of crude in the international markets, the index for fuel, power, light and lubricants' group stood unchanged at the previous week's level of 247.3 points and the index was 238.4 points in the previous year period.
In the global markets, oil prices rose slightly in early trading ahead of weekly estimates of us crude stock levels expected to show a modest decline.
A substantial increase in the price of naphtha has led to a 0.5 per cent increase in the fuel prices in the previous week.
Manufactured products' group index fell by 0.2 per cent to 154.1 points due to cheaper food products, textiles, paper products, non-metallic minerals and basic metals. The index was 147 in the previous year period. Bureau Report