Press Information Bureau
Government of India
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Ministry of Commerce & Industry
Index Numbers of Wholesale Prices in India (Base: 1993-94=100)
Review for the week ended 17th October 2009 (25 Asvina, 1931 Saka)
New Delhi: October 29, 2009
The official Wholesale Price Index for 'All Commodities' (Base: 1993-94 = 100) for the week ended 17th October, 2009 remained unchanged at its previous week's level of 242.2 (Provisional).
The annual rate of inflation, calculated on point to point basis, stood at 1.51 percent (Provisional) for the week ended 17/10/2009 (over 18/10/2008) as compared to 1.21 percent (Provisional) for the previous week (ended 10/10/2009) and 10.82 percent during the corresponding week (ended18/10/2008) of the previous year.
1. INFLATION
The annual rate of inflation, calculated on point to point basis, stood at 1.51 percent (Provisional) for the week ended 17/10/2009 over (18/10/2008) as compared to 1.21 percent (Provisional) for the previous week (ended 10/10/2009) and 10.82 percent during the corresponding week (ended 18/10/2008 of the previous year. Build up inflation in the financial year so far was 5.95% compared to a build up of 5.25% in the corresponding period of the previous year. 52 week average inflation for the week ended 17/10/2009 was 2.33 %. Inflation for broad groups is summarised below:
|
| Weight | WPI Oct, 17 2009 | Latest week over week | Build up from end March | Year on year
| 52 week Average 2009-10 | |||
| 2008-09 | 2009-10 | 2008-09 | 2009-10 | 2008-09 | 2009-10 |
| |||
| All Commodities | 100.00 | 242.2 | -0.29 | 0.00 | 5.25 | 5.95 | 10.82 | 1.51 | 2.33 |
| Primary Articles | 22.03 | 273.3 | -0.12 | -0.07 | 6.21 | 9.76 | 12.13 | 8.67 | 8.21 |
| Fuel, Power, Light & Lubricant | 14.23 | 344.9 | -0.78 | -0.14 | 7.58 | 7.45 | 13.59 | -6.20 | -5.03 |
| Manufactured Products | 63.75 | 208.6 | -0.15 | 0.14 | 4.00 | 3.83 | 9.26 | 1.56 | 2.81 |
Inflation for important commodities / commodity groups is indicated in Annex-1.
The movement of the index for the various commodity groups is summarized below:-
2. PRIMARY ARTICLES (Weight 22.02%)
The index for this major group declined by 0.1 percent to 273.3 (Provisional) from 273.5 (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 Articles' group declined by 0.1 percent to 278.4 (Provisional) from 278.6 (Provisional) for the previous week due to lower prices of fish-marine (6%). However, the prices of tea, mutton, maize, arhar, condiments & spices and moong (1% each) moved up.
3. FUEL, POWER, LIGHT & LUBRICANTS (Weight 14.23%)
The index for this major group declined by 0.1 percent to 344.9 (Provisional) from 345.4 (Provisional) for the previous week due to lower prices of aviation turbine fuel (3%), furnace oil (2%) and light diesel oil (1%). However, the prices of bitumen (2%) moved up.
4. MANUFACTURED PRODUCTS (Weight 63.75%)
The index for this major group rose by 0.1 percent to 208.6 (Provisional) from 208.3 (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 0.4 percent to 240.2 (Provisional) from 239.2 (Provisional) for the previous week due to higher prices of imported edible oil and gur (4% each), rice bran oil (3%) and oil cakes (2%). However, the prices of butter and groundnut oil (2% each) and gingelly oil and ghee (1% each) declined.
The index for 'Textiles' group declined by 0.1 percent to 144.6 (Provisional) from 144.7 (Provisional) for the previous week due to lower prices of cotton yarn-cones (1%). However, the prices of hessian cloth (2%) moved up.
The index for 'Chemicals & Chemical Products' group rose by 0.2 percent to 229.8 (Provisional) from 229.4 (Provisional) for the previous week due to higher prices of calcium ammonium nitrate n-content (8%), liquid chlorine (2%) and caustic soda (sodium hydroxide) (1%). However, the prices of p.v.c. resins (6%) declined.
The index for 'Basic Metals Alloys & Metal Products' group declined by 0.1 percent to 256.8 (Provisional) from 257.0 (Provisional) for the previous week due to lower prices of steel ingots and ms bars & rounds (3% each), basic pig iron and foundry pig iron (2% each) and other iron steel (1%). However, the prices of zinc ingots (1%) moved up.
The index for 'Machinery & Machine Tools' group rose by 0.2 percent to 174.1 (Provisional) from 173.7 (Provisional) for the previous week due to higher prices of batteries (13%).
5. FINAL INDEX FOR THE WEEK ENDED 22nd August 2009
For the week ended 22/08/2009, the final wholesale price index for 'All Commodities' (Base:1993-94=100) stood at 241.6 as compared to 240.7 (Provisional) and annual rate of inflation based on final index, calculated on point to point basis, stood at 0.17 percent as compared to -0.21 percent (Provisional) reported earlier vide press note dated 03/09/2009.
Next date of press release: 05/11/2009 for the week ending 24/10/2009
Office of Economic Adviser, Ministry of Commerce & Industry, New Delhi, 29/10/2009
This press release is available at our home page http://eaindustry.nic.in
INDEX NUMBERS OF WHOLESALE PRICES IN INDIA attached……….
WHOLESALE PRICE INDEX AND RATES OF INFLATION attached………
Rj/dk/kol/12:44 hrs.
Press Information Bureau
Government of India
* * * * * *
Ministry of Labour & Employment
43rd Session of the Standing Labour Committee to be held tomorrow
New Delhi: October 29, 2009
The 43rd Session of the Standing Labour Committee, an important organ of the Tripartite Consultative Machinery in the Ministry of Labour & Employment, is being held tomorrow.
The Committee which advises the Government in the evolution of principles and policies in the field of Labour, is meeting under the Chairmanship of the Union Minister of Labour & Employment Shri Mallikarjun Kharge. It will review the Action taken Report on the recommendations of previous Session of Indian Labour Conference which was held in February this year and will also set the agenda for the succeeding session of Indian Labour Conference.
The National Policy on HIV/AIDS in the World of Work will also be launched on the occasion. The policy aims at generating awareness about HIV/AIDS and to encourage action to prevent its spread. The policy also dwells upon the ways and means to further improve and develop the support and care initiatives at the workplace.
The meeting will be attended by senior representatives from Central Trade Union Organisations, Central Organisations of Employers, Ministers and senior officials from the States and also by the representatives from various Central Ministries and Departments.
The first session of the Standing Labour Committee was held in 1942 and since then the Committee has had 42 Sessions.
vba/rs/dk/kol/12:45 hrs.
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