Inflation down at 5.09 pc due to lower mfg product prices

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New Delhi, Nov 12 (UNI) Lower prices of manufactured product prices and some food articles including fruits, vegetables and pulses like arhar, jowar and maize, curtailed the annual rate of inflation for the week ended Ocober 28, 2006, at 5.09 per cent as against 5.41 per cent during the previous week.

The inflation rate calculated on a point-to-point basis, stood at 4.75 per cent during the corresponding week of the previous year, according to official figures released here.

Earlier this week, Finance Minister P Chidambaram said the prices of essential commodities, their reduced domestic availability and firm international prices, were the main reasons that were fuelling inflation and thus the adequate supply of these goods needed to be ensured.

The Wholesale Price Index (WPI) for all commodities for the week ended October 28, remained unchanged at its previous level of 208.4.

The index for the Primary Articles group rose by 0.2 per cent to to 213.3 per cent from 212.9 for the previous week.

The index for Food Articles group rose by 0.2 per cent to 217.5 from 217.1 for the previous week due to higher prices of condiments and spices (6 per cent), mutton (4 per cent), fish-marine (3 per cent), eggs (2 per cent) and barley and ragi (1 per cent each).

However, the prices of fish-inland (4 per cent), jowar and moong (2 per cent each), and arhar, maize and fruits and vegetables (1 per cent each) declined.

The index for Non-Food Articles group rose by 0.2 per cent to 186.4 from 186.1 for the previous week due to higher prices of gingelly seed (5 per cent), castor seed (4 per cent), raw rubber, sunflower and copra (2 per cent each) and cotton seed (1 per cent).

However, the prices of mesta (2 per cent) and soyabean and raw cotton (1 per cent each) declined.


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