Index for textiles group up by 0.6%

The official Wholesale Price Index for 'All Commodities' (Base: 1993-94 = 100) for the week ended 9th May 2009 rose by 0.2 percent to 232.0 (Provisional) from 231.6 (Provisional) for the previous week. The annual rate of inflation, calculated on point to point basis, stood at 0.61 percent (Provisional) for the week ended 09/05/2009 (over 10/05/2008) as compared to 0.48 percent (Provisional) for the previous week (ended 02/05/2009) and 8.57 percent during the corresponding week (ended10/05/2008) of the previous year. The movement of the index for the various commodity groups is summarized below:- - PRIMARY ARTICLES (Weight 22.02%) The index for this major group rose by 0.5 percent to 256.0 (Provisional) from 254.7 (Provisional) for the previous week. The groups and items for which the index showed variations during the week are as follows:- The index for 'Non-Food Articles' group rose by 0.4 percent to 234.3 (Provisional) from 233.3 (Provisional) for the previous week due to higher prices of raw cotton and raw silk (2% each) and rape & mustard seed, gingelly seed and castor seed (1% each). However, the prices of copra (3%) and raw rubber (2%) declined. - MANUFACTURED PRODUCTS (Weight 63.75%) The index for this major group rose by 0.1 percent to 203.3 (Provisional) from 203.0 (Provisional) for the previous week. The groups and items for which the index showed variations during the week are as follows:- The index for 'Textiles' group rose by 0.6 percent to 141.2 (Provisional) from 140.4 (Provisional) for the previous week due to higher prices of synthetic yarn and hessian & sacking bags (4% each) and hessian cloth (3%). FINAL INDEX FOR THE WEEK ENDED 14th March 2009 For the week ended 14/03/2009, the final wholesale price index for 'All Commodities’ (Base:1993-94=100) stood at 228.0 as compared to 227.0 (Provisional) and annual rate of inflation based on final index, calculated on point to point basis, stood at 0.71 percent as compared to 0.27 percent (Provisional) reported earlier vide press note dated 26/03/2009.

[i] Press Information Bureau, GOI