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Fibre2fashion
The new series of Wholesale Price Index has been launched by shifting base year from 1993-94 to 2004-05. WPI for the month of August 2010 has been released with base year 2004-05.
The official Wholesale Price Index for 'All Commodities' (Base: 2004-05 = 100) for the month of August 2010 remained unchanged at its previous month’s level of 140.3 (Provisional).
Inflation
The annual rate of inflation, based on monthly WPI, stood at 8.51% (Provisional) for the month of August, 2010 (over August, 2009) as compared to 9.78 % (Provisional) for the previous month. Build up inflation in the financial year so far was 3.31% compared to a build up of 4.95% in the corresponding period of the previous year.
Inflation for important commodities / commodity groups is indicated below.
The movement of the index for the various commodity groups is summarized below:-
Primary Articles (Weight 20.12%)
The index for this major group declined by 0.3 percent to 177.0 (Provisional) from 177.5 (Provisional) for the previous month. The groups and items for which the index showed variations during the month are as follows:-
The index for ‘Non-Food Articles’ group rose by 1.1 percent to 154.1 (Provisional) from 152.4 (Provisional) for the previous month due to higher prices of flowers (13%), rose and groundnut seed (11% each), castor seed (8%), marigold, cotton seed and copra (coconut) (5% each), coir fibre (4%), raw silk (3%), sunflower (2%) and fodder (1%). However, the prices of soyabean (11%), raw rubber (4%) and gingelly seed (sesamum), raw jute and mesta (1% each) declined.
The official Wholesale Price Index for 'All Commodities' (Base: 2004-05 = 100) for the month of August 2010 remained unchanged at its previous month’s level of 140.3 (Provisional).
Inflation
The annual rate of inflation, based on monthly WPI, stood at 8.51% (Provisional) for the month of August, 2010 (over August, 2009) as compared to 9.78 % (Provisional) for the previous month. Build up inflation in the financial year so far was 3.31% compared to a build up of 4.95% in the corresponding period of the previous year.
Inflation for important commodities / commodity groups is indicated below.
The movement of the index for the various commodity groups is summarized below:-
Primary Articles (Weight 20.12%)
The index for this major group declined by 0.3 percent to 177.0 (Provisional) from 177.5 (Provisional) for the previous month. The groups and items for which the index showed variations during the month are as follows:-
The index for ‘Non-Food Articles’ group rose by 1.1 percent to 154.1 (Provisional) from 152.4 (Provisional) for the previous month due to higher prices of flowers (13%), rose and groundnut seed (11% each), castor seed (8%), marigold, cotton seed and copra (coconut) (5% each), coir fibre (4%), raw silk (3%), sunflower (2%) and fodder (1%). However, the prices of soyabean (11%), raw rubber (4%) and gingelly seed (sesamum), raw jute and mesta (1% each) declined.
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