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Inflation falls below six percent
New Delhi, May 25: Inflation continued to fall for the fourth consecutive week shedding another 0.13 per cent to 5.90 per cent for the week ended May 10, even as primary items became costlier.
New Delhi, May 25: Inflation continued to fall for the fourth consecutive week shedding another 0.13 per cent to 5.90 per cent for the week ended May 10, even as primary items became costlier.
The change in general price line, measured by Wholesale Price Index (WPI), fell in the latest reported week after it remained above six per cent for the last seven weeks and the index was only 1.62 per cent an year-ago period.
WPI, however, stood firm at the previous week's figure of 172.4 as the indices of fuels and manufactured items remained unchanged and the index was 162.8 in the previous year.
The final WPI stood at 171.5 for the week ended March 15 as against the provisional level of 170.8, while the final Inflation was 6.0 per cent as compared to the provisional mark of 5.56 per cent.
Mass consumption primary articles' group index was up by 0.2 per cent to 180.2 points due to costlier food and non-food articles, even as minerals' prices fell. The index was 169 in the previous year.
A two per cent price hike in barley and one per cent each in jowar, bajra, maize, masur, eggs, mutton and condiments and spices pushed food articles' group index marginally up by 0.1 per cent to 179.5 points. However, there was a three per cent price fall in moong.
The index for non-food articles' group rose substantially by 0.5 per cent to 186.8 owing to higher prices for niger seed (nine per cent), sunflower (seven per cent), cotton seed and gingelly seed (five per cent each) and raw silk (two per cent) while there was three per cent price dip in copra
Bureau Report
WPI, however, stood firm at the previous week's figure of 172.4 as the indices of fuels and manufactured items remained unchanged and the index was 162.8 in the previous year.
The final WPI stood at 171.5 for the week ended March 15 as against the provisional level of 170.8, while the final Inflation was 6.0 per cent as compared to the provisional mark of 5.56 per cent.
Mass consumption primary articles' group index was up by 0.2 per cent to 180.2 points due to costlier food and non-food articles, even as minerals' prices fell. The index was 169 in the previous year.
A two per cent price hike in barley and one per cent each in jowar, bajra, maize, masur, eggs, mutton and condiments and spices pushed food articles' group index marginally up by 0.1 per cent to 179.5 points. However, there was a three per cent price fall in moong.
The index for non-food articles' group rose substantially by 0.5 per cent to 186.8 owing to higher prices for niger seed (nine per cent), sunflower (seven per cent), cotton seed and gingelly seed (five per cent each) and raw silk (two per cent) while there was three per cent price dip in copra
Bureau Report