India’s WPI continues to rise

    India’s WPI continues to rise

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    The country’s annual food price index increased to 17.47 per cent as on November 21 from 15.58 per cent growth as on the week ended November 14, the Ministry of Commerce & Industry said today. The food price index was up 10.75 per cent in the corresponding period of the previous year.

    The annual rate of inflation for Primary Articles, calculated on point to point basis, stood at 12.53 percent (Provisional) for the week ended 21/11/2009 over (22/11/2008) as compared to 11.04 percent (Provisional) for the previous week (ended 14/11/2009) and 11.98 per cent during the corresponding week (ended 22/11/2008 of the previous year),

    The index for ‘Food Articles’ group rose by 1 per cent to 289.2 (Provisional) from 286.3 (Provisional) for the previous week due to higher prices of fish-inland (11 per cent), pork (5 per cent), fish-marine (4 per cent), urad, masur, eggs and moong (2 per cent each) and maize, tea, fruits & vegetables, arhar and gram (1 per cent each). However, the price of jowar (2 per cent) declined.

    The index for ‘Non-Food Articles’ group rose by 0.3 percent to 239.5 (Provisional) from 238.9 (Provisional) for the previous week due to higher prices of raw rubber, copra and cotton seed (2 per cent each) and groundnut seed, raw silk and gingelly seed (1 per cent each). However, the prices of fodder (7 per cent) and castor seed (3 per cent) declined.

    The next release of the food price index (for the week ending 28/11/2009) will be December 10th.

    — IndiaRetailing Bureau