New Delhi, Apr 15 UNI | 3 months ago

Annual rate of inflation, based on monthly WPI, rose to seven-month high of 5.7 per cent in the month of March.

Inflation stood at 4.68 per cent for the previous month and 5.65 per cent during the corresponding month of the previous year.

Build up inflation rate in the financial year so far was 5.7 per cent compared to a build up rate of 5.65 per cent in the corresponding period of the previous year, according to official statement here today.

The index of 'Primary Articles' group, which has a weight of 20.12 per cent in WPI, rose by 0.7 per cent, while that of 'Fuel and Power' group, with 14.91 per cent weightage, increased by 0.2 per cent and index of 'Manufactured Products' group, which carry a weight of 64.97 per cent, was up by 0.5 per cent.

The index for 'Food Articles' group rose by 1 per cent due to higher price of jowar (8 per cent), ragi (4 per cent), fruits & vegetables, maize, urad and moong (3 per cent each), barley and bajra (2 per cent each) and coffee, mutton, milk, fish-marine, masur and poultry chicken (1 per cent each).

However, the price of egg (3 per cent), tea (2 per cent) and wheat (1 per cent) declined.

The index for 'Non-Food Articles' group declined by 0.1 per cent on account of lower price of flowers (8 per cent), guar seed (6 per cent), raw silk (5 per cent), raw cotton (4 per cent), cotton seed (3 per cent), sunflower (2 per cent) and raw jute, mesta and safflower (kardi seed) (1 per cent each).

However, the price of fodder (6 per cent), copra (coconut), logs & timber and soyabean (5 per cent each), gingelly seed (sesamum) (3 per cent) and castor seed, raw rubber, tobacco, rape & mustard seed, linseed, groundnut seed and coir fibre (1 per cent each) moved up.

The index for 'Minerals' group declined by 0.3 per cent due to lower price of dolomite (8 per cent), magnesite (6 per cent), zinc concentrate (5 per cent), copper ore (3 per cent),

barytes (2 per cent) and chromite and crude petroleum (1 per cent each).

However, the price of sillimanite (3 per cent) and iron ore and manganese ore (2 per cent each) moved up.

The index of 'Fuel and Power' group rose by 0.2 per cent due to higher price of high speed diesel and petrol (1 per cent each).

However, the price of kerosene (2 per cent) and bitumen and LPG (1 per cent each) declined.

The indices for 'Food Products' group rose by 0.3 per cent,

'Beverages, Tobacco & Tobacco Products' by 4.0 per cent, 'Textiles' by 0.6 per cent and 'Wood & Wood Products' by 0.5 per cent.

Index for 'Paper & Paper Products' group increased by 0.1 per cent, while that of 'Leather & Leather Products' by 0.5 per cent, 'Rubber & Plastic Products' by 0.5 per cent and 'Chemicals & Chemical Products' group by 0.2 per cent.

Indices for 'Non-Metallic Mineral Products' was up by 0.7 per cent, 'Basic Metals, Alloys & Metal Products' by 0.6 per cent, 'Machinery & Machine Tools' by 0.2 per cent, 'Transport, Equipment & Parts' by 0.2 per cent.

Inflation in January, based on final index, was revised to 5.17 per cent as compared to 5.05 per cent reported earlier.

(Posted on 15-04-2014)