Financial Daily from THE HINDU group of publications
Saturday, Oct 22, 2005
Financial Daily from THE HINDU group of publications Saturday, Oct 22, 2005 |
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Economy Industry & Economy - Economy Inflation up on costlier manufactured goods Our Bureau
New Delhi , Oct 21 INFLATION rose to 4.62 per cent during the week ended October 8 from 4.24 per cent a week ago, mainly due to hike in prices of essential food items and manufactured products.
Seasonal factors may have led to rise in inflation to 4.62 per cent for the week, although it was still lower than 7.10 per cent a year ago. The wholesale price index rose by 0.2 per cent to 197.2 points during the week from 188.5 a year ago. The primary articles' group index rose by 0.2 per cent to 195 points mainly due to costlier food articles, while non-food items became cheaper. It was 190.2 points a year ago. The Food Articles' group was up by 0.3 per cent to 197.7 points owing to rise in prices of fish-marine (10 per cent), condiments and spices and jowar (two per cent each) and arhar and eggs (one per cent each). The Non-Food Articles' group index declined by 0.1 per cent to 181.3 points owing to lower prices of castor seed (two per cent) and groundnut seed (one per cent). However, prices rose for raw rubber (seven per cent), cotton seed (three per cent) and raw jute (one per cent). The Manufactured Products' group index moved up by 0.2 per cent to 171.6 points as prices rose for food products, textiles, chemicals, non-metallic mineral and machinery. The index was 167.2 points in the previous year period. The Food Products' group index was up by 0.1 per cent to 177.7 points due to higher prices of rice bran oil (two per cent) and khandsari, coconut oil and sugar (one per cent each). The Base Metals Alloys and Metal Products' group index fell by 0.1 per cent to 222.3 points owing to lower prices of other iron steel (three per cent), ms bars and rounds (two per cent) and basic pig iron, foundry pig iron and steel sheets, plates and strips (one per cent each).
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