Headline Inflation eases at 11.07 pc

Subscribe to Oneindia News

Inflation
New Delhi, Oct 23: The headline inflation rate for the week ended October 11 has declined to 11.07 per cent as against 11.44 per cent in the previous week. The annual inflation rate was 3.07 per cent during the corresponding week of the previous year, according to official data released here.

The index for 'Manufactured Products' group declined by 0.2 per cent to 205.7 (Provisional) from 206.1 (Provisional) for the previous week. The index for 'Food Products' group declined by 1.3 per cent to 205.4 (Provisional) from 208.1 (Provisional) for the previous week due to lower prices of rice bran oil (10 per cent), imported edible oil (seven per cent) and oilcakes and cotton seed oil (five per cent each).

However, the prices of ghee (two per cent) moved up.

The index for 'Textiles' group declined by 0.2 per cent to 140.0 (Provisional) from 140.3 (Provisional) for the previous week due to lower prices of polyster staple fibre (three per cent) and cotton yarn-cones (two per cent).

However, the prices of hessian&sacking bags (six per cent), hessian cloth (two per cent) and other cotton yarn (one per cent) moved up.

The index for 'Rubber&Plastic Products' group rose by 1.7 per cent to 168.5 (Provisional) from 165.7 (Provisional) for the previous week due to higher prices of cycle tubes (16 per cent), cycle tyres (nine per cent) and decorative laminates (four per cent).

However, the prices of pvc fitting&accessories (10 per cent) declined.

The index for 'Chemicals&Chemical Products' group rose marginally to 224.8 (Provisional) from 224.7 (Provisional) for the previous week due to higher prices of caustic soda (sodium hydroxide) (four per cent).

However, the prices of liquid chlorine (two per cent) and acid (all kinds) (one per cent) declined.

The index for 'Basic Metals, Alloys&Metal Products' group declined marginally to 297.7 (Provisional) from 297.8 (Provisional) for the previous week due to lower prices of zinc ingots (three per cent) and lead ingots (one per cent).

However, the prices of ferro silicon (three per cent) moved up.

For the week ended August 16, the final wholesale price index for 'All Commodities' stood at 241.1 as compared to 240.2 (Provisional) and annual rate of inflation based on final index stood at 12.82 per cent as compared to 12.40 per cent (Provisional) reported earlier.


UNI

Please Wait while comments are loading...