Primary inflation declines 0.1 pc; new monthly index next week

by ANI on November 5, 2009

in Business

 Primary inflation declines 0.1 pc; new monthly index next week The govt has introduced a new mechanism for monitoring the wholesale price movement under which the inflation for primary articles, including foodgrain, pulses and vegetables, declined 0.11 pc during the week ending 24th Oct.

As per the new system, the weekly wholesale price index data would cover only primary articles and commodities in the broad group — fuel, power, light and lubricants, an official statement said in New Delhi on Thursday.

Besides, the monthly price index covering all commodities for October would be released on 12th November, in accordance the decision taken by the Cabinet Committee of Economic Affairs, it said.

As per the data, the inflation for fuel, power, light and lubricants remained unchanged at 6.2 percent.

The prices of primary articles rose by 8.94 per in a year with potatoes showing an increase of 100 percent, onion by 50 percent, pulses by 23 percent, rise by 12 percent and milk by 10 percent.

Among the food articles, prices of fruit and vegetables declined by 2 percent, fish-marine by 3 percent, barley and jowar by 1 percent each during the week.

However, prices of moong rose by 3 percent, wheat and bajra by 2 percent each.
At the same time, prices of raw silk rose by 6 percent, raw rubber by 3 percent and mustard seed by 1 percent.

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