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Our Bureau

New Delhi , Sept 9

THE annual wholesale price index-based inflation rose 3.01 per cent during the year ended August 27, slowing from the previous week's annual rise of 3.08 per cent.

The slowdown in the year-on-year inflation was largely on account of last year's high base and a fall in prices of oilseeds during the latest reported week, according to data released today by the Ministry of Commerce and Industry.

The wholesale price index (WPI) during the latest reported week was up at 194.9 points, from 189.2 points during the corresponding week a year back.

The rate of inflation for the corresponding week last year was recorded at 8.74 per cent.

During the latest reported week, on a disaggregated basis, the Primary Articles group index slipped marginally to end at 193.4 points, with prices of non-food items falling. The index was 193.5 points during the corresponding period last year.

A six per cent spurt in aviation turbine fuel (ATF) prices pushed up the Fuel, Power, Light, and Lubricants group index to 304.1 points. The index was 281.3 points a year back.

The Manufactured Products group index was up 0.2 per cent to 171 points due to costlier food, textile, chemicals, and base metals. The index stood at 167.2 points during the same period last year.

Within the Primary Articles group, the Food Articles group index went up 1.5 per cent to 196.1 points due to higher prices of fish-inland (32 per cent) and condiments and spices and bajra (one per cent each), even as fish-marine turned cheaper by two per cent.

The Non-Food Articles group index fell 0.5 per cent to 180.8 points due to lower prices of sunflower (four per cent), safflower and groundnut seed (two per cent each), and soyabean (one per cent). Raw silk prices, however, rose by two per cent.

Within the Manufactured Products group, the Food Products group index rose 0.2 per cent to 177.4 points due to higher prices of oil cakes and ghee (two per cent), rape and mustard oil (two per cent) and gur (one per cent each), while gingelly oil became cheaper by one per cent.

The Textiles group index rose by 0.1 per cent to 128.8 points due to one per cent increase in prices of hessian cloth, nylon filament yarn, and hessian and sacking bags.

The Chemicals and Chemical Products group index rose by 0.4 per cent to 186.8 points owing to higher prices of pesticides (17 per cent) and ammonium sulphate n-content (two per cent).

The Base Metals Alloys and Metal Products group index rose 0.5 per cent to 221.5 points due to higher prices of basic pig iron and foundry pig iron (seven per cent each), tin boxes and containers (six per cent), copper bars and rods (four per cent), and other iron steel and bolts and nuts (one per cent each). But there was a two per cent decline in prices of steel sheets, plates and strips.

The Transport Equipment and Parts group index fell by 0.3 per cent to 159.3 points due to a fall in prices of diesel truck chassis.

However, prices moved up for body manufactured for trucks, vans (three per cent), and diesel bus chassis (one per cent).

The Government revised upwards the final inflation figures for the week ended July 2 to 4.14 per cent, from the provisional figure of 4.09 per cent, while the WPI stood corrected at 193.7 points, as against the earlier estimate of 193.6 points.

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