Ministry of commerce & Industry shamelessly announced the skyrocketing prices. Product prices from each and every category have gone up but our government is still sleeping. Have a look at the facts and figures.

Index Numbers of Wholesale Prices in India (Base: 1993-94=100)Review for the week ended 4th July 2009

The official Wholesale Price Index for 'All Commodities' (Base: 1993-94 = 100) for the week ended 4th July 2009 rose by 0.7 percent to 236.4 (Provisional) from 234.7 (Provisional) for the previous week.

The annual rate of inflation, calculated on point to point basis, stood at -1.21 percent (Provisional) for the week ended 04/07/2009 (over 05/07/2008) as compared to -1.55 percent (Provisional) for the previous week (ended 27/06/2009) and 12.19 percent during the corresponding week (ended 05/07/2008) of the previous year.

The movement of the index for the various commodity groups is summarized below:-

1. PRIMARY ARTICLES (Weight 22.02%)

The index for this major group remained unchanged at its previous week’s level of 258.5 (Provisional). The groups and items for which the index showed variations during the week are as follows:-

The index for 'Food Articles' group declined by 0.2 percent to 253.6 (Provisional) from 254.0 (Provisional) for the previous week due to lower prices of fish-marine (9%) and ragi and fruits & vegetables (1% each). However, the prices of coffee (15%), arhar (3%), maize (2%) and condiments & spices (1%) moved up.

The index for 'Non-Food Articles' group rose by 0.3 percent to 237.7 (Provisional) from 237.0 (Provisional) for the previous week due to higher prices of gingelly seed (18%) and cotton seed (6%). However, the prices of raw silk and soyabean (3% each) and raw rubber (1%) declined.

2. FUEL, POWER, LIGHT & LUBRICANTS (Weight 14.23%)

The index for this major group rose by 3.1 percent to 338.2 (Provisional) from 327.9 (Provisional) for the previous week due to higher prices of naphtha (15%), furnace oil (11%), petrol (10%), high speed diesel oil (7%), light diesel oil (4%) and bitumen (2%).

3. MANUFACTURED PRODUCTS (Weight 63.75%)

The index for this major group rose by 0.2 percent to 206.1 (Provisional) from 205.7 (Provisional) for the previous week. The groups and items for which the index showed variations during the week are as follows:-

The index for 'Food Products' group rose by 0.5 percent to 234.0 (Provisional) from 232.8 (Provisional) for the previous week due to higher prices of coffee powder (7%), oil cakes (3%) and ghee and sugar (1% each). However, the prices of imported edible oil (9%), bran (all kinds) (8%), coconut oil and sooji (rawa) (2%) and gur, maida, rice bran oil, rape & mustard oil and gingelly oil (1% each) declined.

The index for 'Beverages Tobacco & Tobacco Products' group rose by 0.9 percent to 304.3 (Provisional) from 301.6 (Provisional) for the previous week due to higher prices of bidi (5%).

The index for 'Textiles' group declined by 0.1 percent to 143.6 (Provisional) from 143.7 (Provisional) for the previous week due to lower prices of hessian cloth (2%).

The index for 'Paper & Paper Products' group rose by 0.05 percent to 204.7 (Provisional) from 204.6 (Provisional) for the previous week due to marginal increase in the prices of map litho paper.

The index for ' Rubber & Plastic Products ' group rose by 0.5 percent to 168.9 (Provisional) from 168.0 (Provisional) for the previous week due to higher prices of rubber chappal (11%).

The index for 'Chemicals & Chemical Products' group rose by 0.1 percent to 227.1 (Provisional) from 226.9 (Provisional) for the previous week due to higher prices of benzene (14%), p.v.c. resins (4%) and liquid chlorine and hair oil (1% each). However, the prices of purified terephthalic acid (pta) (8%) declined.

The index for 'Basic Metals Alloys & Metal Products' group rose marginally to 254.9 (Provisional) from 254.8 (Provisional) for the previous week due to higher prices of lead ingots, foundry pig iron and basic pig iron (1% each). However, the prices of other iron steel (2%) and ms bars & rounds (1%) declined.

The index for 'Machinery & Machine Tools' group declined by 0.1 percent to 171.8 (Provisional) from 171.9 (Provisional) for the previous week due to lower prices of jelly filled telephone cables (1%).

The index for 'Transport Equipment & Parts ' group rose by 0.3 percent to 175.9 (Provisional) from 175.3 (Provisional) for the previous week due to higher prices of car chassis (assembled) (2%). However, the prices of springs (1%) declined.

4. FINAL INDEX FOR THE WEEK ENDED 9th May 2009

For the week ended 09/05/2009 , the final wholesale price index for 'All Commodities’ (Base:1993-94=100) stood at 234.2 as compared to 232.0 (Provisional) and annual rate of inflation based on final index, calculated on point to point basis, stood at 1.56 percent as compared to 0.61 percent (Provisional) reported earlier vide press note dated 21/05/2009

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