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Our Bureau

Chromite prices up 35%; barytes rates up 21%.

New Delhi , Sept 30

THE annual wholesale price index (WPI)-based inflation rose 3.75 per cent during the week ended September 17, higher than the previous week's annual rise of 3.53 per cent.

The rise in the year-on-year inflation rate was largely on account of a spurt in manufactured product and mineral prices, according to data released today by the Ministry of Commerce and Industry.

The WPI touched 196.5 points during the latest reported week, up from 189.4 points a year back. The inflation rate was 7.86 per cent during the corresponding week of the previous year.

On a disaggregated basis, the index for the Primary Articles group declined 0.3 per cent to 194.9 points owing to cheaper food items.

The Fuel, Power, Light and Lubricants group index stood firm at the previous week's level of 313.9 points. The Manufactured Products group index was marginally up 0.1 per cent to 170.8 points as prices moved up for chemicals, non-metallic mineral, base metals, and transport equipment.

Within the Primary Articles group index, the Food Articles group index fell 0.8 per cent to 197.1 points due to lower prices of fruits and vegetables (three per cent) and arhar, eggs and jowar (two per cent each).

The Minerals group index shot up 6.5 per cent to 283.7 points due to higher prices of chromite (35 per cent), barytes (21 per cent), iron ore (eight per cent), magnesite (four per cent) and fluorite (one per cent), but steatite was cheaper by 20 per cent. The index for the Non-Food Articles group was up 0.3 per cent to 182.2 points as prices increased for linseed (six per cent), niger seed and sunflower (four per cent each), rapeseed and mustard seed (two per cent) and copra, raw silk, and tobacco and groundnut seed (one per cent each). However, prices fell for mesta (two per cent) and soyabean and safflower (one per cent each).

The Government revised upward the final inflation figure for the week ended July 23 to 4.33 per cent from the provisional figure of 4.07 per cent, while the WPI stood corrected at 195 points as against the earlier estimate of 194.5 points.

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