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Sarkaritel.com News and
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Inflation further
moderated but remains above 12.3 pc
New Delhi, September 05, 2008
Rate of inflation further moderated to 12.34 per cent for
the week ending August 23, 2008 compared to 12.40 per cent a
week earlier and 12.63 per cent for the week ending August 9,
2008. The annual rate of inflation stood at 3.94 percent as on
August 25, 2007.
The official Wholesale Price Index for 'All Commodities'
(Base: 1993-94 = 100) for the week ended 23rd August 2008 rose
marginally to 240.3 (Provisional) from 240.2 (Provisional) for
the previous week.
In the 'primary articles' group, the annual point-to-point
inflation declined to 10.79 per cent, as compared to 11.63 per
cent reported last week and 11.83 per cent for the week ending
August 9, 2008. Out of a total of 98 articles, 18 articles
have shown a decline in prices in the current week as compared
to August 16, 2008. These included among others, rice, jowar,
moong, masur, arhar and urad, tomatoes, groundnut, mustard,
caster and linseed, marine fish and raw rubber. Another 54
articles have shown no increase in prices.
In the commodity group 'fuel and power', the rate of inflation
declined from 17.99 per cent as on August 9, 2008 to 16.69 per
cent in the week ending August 23, 2008. Prices of all the 19
commodities in this group remained unchanged in the current
week.
In the case of 'manufactured products', rate of inflation in
the current week increased to 11.28 per cent, as compared to
11.02 per cent in previous weeks. Out of 318 commodities, a
large number, 294 in all, have shown no increase in prices
over the last week. In the case of 7 commodities, there has
been a decline in prices. These commodities include edible
oils (rice bran, cottonseed, mustard and gingelly oils),
groundnut oil cake, zinc and synthetic yarn. Only 17 products,
particularly sugar, hessian bags, mustard and groundnut oil,
zinc and lead ingots, deoiled and mustard cake, caustic soda,
nylon filament yarn, cast iron spun pipes, newsprint and white
printing paper and acids witnessed an increase in prices.
Inflation of 30 essential commodities also declined to 6.90
per cent as on the week ending August 23, 2008 from 7.24 per
cent reported in the earlier week. Decline in the prices of
rice, most of the pulses and mustard oil resulted in
moderation of inflation rate for essential commodities.
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