Index Numbers Of Wholesale Prices In India (Week Ended 6TH MAY 2006),Economywatch.com
Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only.
The Wholesale Price Index for ‘All Commodities’ (Base: 1993-94 = 100) for the week ended 6th May 2006 rose by 0.4 percent to 199.7 (Provisional) from 199.0 (Provisional) for the previous week.
The annual rate of inflation, calculated on point-to-point basis, stood at 3.96 percent (Provisional) for the week ended 06/05/2006 (over 07/05/2005) as against 3.59 percent (Provisional) for the previous week and 5.67 percent during the corresponding week of the previous year.
The movement of the index for the various commodity groups is summarized below: –
1. PRIMARY ARTICLES (Weight 22.02%)
The index for this major group rose by 0.2 percent to 195.8 (Provisional) from 195.4 (Provisional) for the previous week. The groups and items for which the index showed variations during the week are as follows:-
The index for ‘Food Articles’ group rose by 0.2 percent to 198.6 (Provisional) from 198.2 (Provisional) for the previous week due to higher prices of masur and barley (3% each), bajra and jowar (2% each) and fruits & vegetables, gram and milk (1% each). However, the prices of eggs (9%), poultry chicken (7%), urad (2%) and arhar and wheat (1% each) declined.
The index for ‘Non-Food Articles’ group rose by 0.2 percent to 177.0 (Provisional) from 176.6 (Provisional) for the previous week due to higher prices of soyabean (7%) and sunflower and copra (2% each). However, the prices of raw silk (11%), fodder (4%), safflower (kardi seed) (2%) and raw cotton and Niger seed (1% each) declined.
2. FUEL, POWER, LIGHT & LUBRICANTS (Weight 14.23%)
The index for this major group rose by 0.9 percent to 319.7 (Provisional) from 316.8 (Provisional) for the previous week due to higher prices of lubricants (18%), aviation turbine fuel (11%), naphtha (9%), furnace oil (4%) and bitumen (3%).
3. MANUFACTURED PRODUCTS (Weight 63.75%)
The index for this major group rose by 0.2 percent to 174.3 (Provisional) from 173.9 (Provisional) for the previous week. The groups and items for which the index showed variations during the week are as follows:-
The index for ‘Food Products’ group rose by 0.1 percent to 178.1 (Provisional) from 178.0 (Provisional) for the previous week due to increase in the prices of sugar (0.35%). However, the prices of processed tea (9%) and rape & mustard oil (1%) declined.
The index for ‘Beverages Tobacco & Tobacco Products’ group declined by 0.3 percent to 234.9 (Provisional) from 235.6 (Provisional) for the previous week due to lower prices of bidi (2%).
The index for ‘Textiles’ group declined by 0.2 percent to 130.0 (Provisional) from 130.2 (Provisional) for the previous week due to lower prices of woollen yarn (10%), hessian & sacking bags (2%) and hessian cloth and texturised yarn (1% each).
The index for ‘Wood & Wood Products’ group declined by 3.1 percent to 201.5 (Provisional) from 207.9 (Provisional) for the previous week due to lower prices of timber planks (5%).
The index for ‘Paper & Paper Products’ group rose by 1.2 percent to 188.0 (Provisional) from 185.8 (Provisional) for the previous week due to higher prices of cream laid woven paper (6%), printing paper white (5%) and map litho paper (4%).
The index for ‘Chemicals & Chemical Products’ group rose by 0.1 percent to 192.2 (Provisional) from 192.0 (Provisional) for the previous week due to higher prices of epoxy resins (13%), carbon black (5%) and polystyene (2%). However, the prices of liquid nitrogen (2%) declined.
The index for ‘Non-Metallic Mineral Products’ group declined by 0.7 percent to 188.3 (Provisional) from 189.7 (Provisional) for the previous week due to lower prices of cement ( 1 %),
The index for ‘Basic Metals Alloys & Metal Products’ group rose by 1.1 percent to 221.2 (Provisional) from 218.7 (Provisional) for the previous week due to higher prices of aluminium bars & rods (42%), aluminium ingots (12%) and foundary pig iron and basic pig iron (1% each). However, the prices of bright bars and barrels (2% each), steel sheets,plates & strips, pipes & tubes and ms bars & rounds (1% each) declined.
The index for ‘Transport Equipment & Parts’ group rose by 0.1 percent to 160.2 (Provisional) from 160.1 (Provisional) for the previous week due to higher prices of car chassis(assembled) (1%).
4. FINAL INDEX FOR THE WEEK ENDED 11th March 2006
For the week ended 11/03/2006 , the final wholesale price index for ‘All Commodities’ (Base:1993-94=100) stood at 196.6 as against 197.5 (Provisional) and annual rate of inflation based on final index, calculated on point to point basis, stood at 3.80 percent as against 4.28 percent (Provisional) respectively reported earlier.
Source:- PIB.
