The Hindu Business Line : Costlier primary items push up inflation rate

New Delhi, Nov. 6 The annual Wholesale Price Index-based inflation rose 10.72 per cent during the week ended October 25, marginally above the previous week’s annual rise of 10.68 per cent, Government data showed on Thursday.

Inflation in the same period in the previous year at 3.11 per cent, however, was significantly lower. The official WPI for ‘All Commodities’ for the latest reported week rose by 0.1 per cent to 238.5 points, from 238.3 points for the previous week.

On a disaggregated basis, in the ‘Primary Articles’ group, the annual point-to-point inflation increased to 11.41 per cent, as compared with 10.92 per cent reported last week. However, out of a total of 98 articles, 13 showed a decline in inflation levels during the latest week. These included among others, gram, most of the fruits like pineapple, apples, papaya, chikkoo and banana, vegetables like peas and cabbage, caster seed, black pepper, dry chillies and copra. Another 71 articles have shown no increase in prices.

In the commodity group ‘Fuel, Power, Light and Lubricants’, the rate of inflation remained unchanged at 14.09 per cent during the latest reported week. Prices of all the 19 commodities remained unchanged during the week. In the case of the ‘Manufactured Products’, rate of inflation in the latest week declined to 9.09 per cent, as compared to 9.26 per cent in previous week.

Out of 318 commodities, a large number, 298 in all, showed no increase in prices over the last week. In the case of 12 commodities, including sugar and gur; hessian cloth and bags; cottonseed oil; cement; newsprint and white printing paper; texturised yarn; zinc and PVC resins, there was a decline in prices. Only eight products, including salt, butter, woollen cloth, motor cycles, auto-rickshaws, complete engines, electric motors and giant tubes witnessed an increase in prices.

Essential commodities

Inflation of 30 essential commodities marginally increased to 7.51 per cent during the latest week from 7.47 per cent reported in the earlier week. There was a decline in the prices of four of these commodities and prices of other 20 commodities remained unchanged. Prices of the remaining six items — rice, wheat, urad, potatoes, tea and salt — witnessed some increase.

The final WPI for the week ended August 30 stood revised to 241.4 points, as compared with the provisional estimate of 240.8 points, while the annual rate of inflation based on final index, calculated on a point-to-point basis, stood at 12.38 per cent as compared with 12.10 per cent reported earlier.

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