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Inflation falls to 4.02 pc due to fall in food prices

Written by: Staff
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New Delhi, Mar 17: The annual rate of inflation slipped to 4.02 per cent for the week ending March 4, 2006 as against 4.29 per cent of the previous week, due to a fall in food prices.

The inflation rate, calculated on a point-to-point basis, was 5.46 per cent during the same period last year, an official release said here today.

The Wholesale Price Index (WPI) for all commodities slipped by 0.1 per cent to 196.8 from 197.0 the previous week.

The index for primary articles declined by 0.5 per cent to 193.5 from 194.5 the previous week.

The index for the Food Articles group fell by 0.5 per cent to 194.6 from 195.6 for the previous week due to lower prices of poultry chicken (9 per cent), eggs (8 per cent), barley and fruits&vegetables (2 per cent each), masur, fish inland and maize (1 per cent each).

The prices of bajra, moong and dal (1 per cent each), however, moved up.

The index for the Non-Food Articles group declined by 0.6 per cent to 175.4 from 176.4 for the previous week due to lower prices of soyabean (13 per cent) and rape&mustard seed and copra (1 per cent each).

However, the prices of fodder and raw jute (5 per cent each) and castor seed (1 per cent) moved up.

The index for the major group of fuel, power, light and lubricants rose marginally to 312.0 from 311.9 for the previous week due to higher prices of furnace oil (1 per cent).

The index for the manufactured products group remained unchanged at its previous week's level of 172.2.

Among the manufactured products, the index for the Food Products group declined by 0.1 per cent to 180.8 from 181.0 for the previous week due to lower prices of bran (all kinds) (7 per cent) and gur, atta and butter (1 per cent each). However, the prices of sooji (rawa) (6 per cent), rice bran oil and imported edible oil (2 per cent each) and maida and groundnut oil (1 per cent each) moved up.

The index for the Beverages. Tobacco&Tobacco Products group rose by 0.1 per cent to 232.8 from 232.6 for the previous week due to a marginal increase in the prices of Indian made foreign spirit.

The index for the Textiles group declined by 0.3 per cent to 130.1 from 130.5 for the previous week due to lower prices of texturised yarn and vicose staple fibre (3 per cent each) and polyster yarn and hessian cloth (1 per cent each).

However, the prices of nylon filament yarn and long cloth/sheeting (2 per cent each) and acrylic yarn and dhotis, sarees and voils (1 per cent each) moved up.

The index for Paper and Paper Products group rose by 0.2 per cent to 178.6 from 178.3 the previous week due to higher prices of newsprint and cream laid woven paper (1 per cent).

The index for the Chemicals and Chemical Products group declined by 0.1 per cent to 189.1 from 189.2 for the previous week due to lower prices of resins (all kinds) (eight per cent).

The index for the Basic Metals Alloys and Metal Products group rose by 0.1 per cent to 212.1 from 211.8 for the previous week due to higher prices of steel sheets, plates&strips, pipes and tubes, other iron steel, ms bars&rounds, foundary pig iron and basic pig iron (2 per cent each) and zinc ingots (1 per cent).

However, the prices of zinc (7 per cent) and lead ingots (5 per cent) declined.

The index for Machinery and Machine Tools group rose by 0.1 per cent to 147.2 from 147.1 for the previous week due to higher prices of batteries (5 per cent).

UNI

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