The Hindu Business Line : Inflation rate falls to 12.1% as some food items turn cheaper

New Delhi, Sept. 11 The annual Wholesale Price Index-based inflation rose 12.10 per cent during the week ended August 30, below the previous week’s annual rise of 12.34 per cent, Government data showed on Thursday.

The annual inflation rate was 3.72 per cent during the corresponding week of the previous year. During the latest reported week, the official WPI for All Commodities rose ended at 240.8 points, up from 240.3 points for the previous week.

On a disaggregated basis, the Primary Articles group rose by 0.3 per cent to 249.2 points as the index for the Food Articles group rose by 0.2 per cent due to higher prices of bajra (3 per cent), urad and arhar (2 per cent each) and jowar and fruits and vegetables (1 per cent each). However, the prices of maize and condiments and spices (1 per cent each) declined.

Raw rubber up

The index for ’Non-Food Articles’ group rose by 0.3 per cent due to higher prices of cotton seed and raw rubber (2 per cent each) and raw cotton (1 per cent). The index for the Minerals’ group rose by 1.4 per cent due to higher prices of iron ore (2 per cent).

The Fuel, Power, Light and Lubricants group index remained unchanged at its previous week’s level of 376.2 points.

Edible oils decline

The Manufactured Products group index rose by 0.3 per cent as the index for ’Food Products’ group surged by 1.3 per cent due to higher prices of salt (5 per cent), khandsari, sugar and oilcakes (3 per cent each) and groundnut oil (1 per cent). However, the prices of imported edible oil (4 per cent) and gingelly oil (1 per cent) declined.

The index for the Textiles’ group rose by 0.1 per cent due to higher prices of tyre cord fabric (14 per cent), mixed fabrics and cotton grey cloth and canvas (7 per cent each) and hessian and sacking bags (2 per cent). However, the prices of synthetic yarn (1 per cent) declined. The index for ‘Chemicals and Chemical Products’ group rose marginally due to higher prices of acid (all kinds) (1 per cent). However, the prices of powder/granules other than vitamins (6 per cent) and BOPP film (3 per cent) declined.

The index for ’Non-Metallic Mineral Products’ group rose by 0.4 per cent to 216.9 points from 216.1 points for the previous week due to higher prices of cement (1 per cent).

For the week ended July 5, the final WPI for ’All Commodities’ stood revised to 239.3 points, as compared to the provisional estimate of 238.7 points, and the annual rate of inflation based on final index, calculated on point to point basis, stood at 12.19 per cent as compared to 11.91 per cent points reported provisionally.

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