Inflation is for soft landing - dips to 3.32% for the week ended September 08, 2007
The official Wholesale Price Index for 'All Commodities' (Base: 1993-94 = 100) for the week ended 8th September 2007 rose by 0.1% to 214.7 from its previous week level of 214.4. The annual rate of inflation, calculated on point to point basis, stood at 3.32 percent for the week ended 08/09/2007 (over 09/09/2007 ) as compared to 3.52 percent for the previous week. The annual rate of inflation stood at 5.22 percent as on 09/09/2006 i.e. a year ago. The annual rate of inflation declined due to the larger base of last year.
The index for 'Food Articles' group rose by 0.2 percent due to higher prices of fruits & vegetables, condiments & spices, barley and wheat (1% each). However, the prices of bajra (3%), fish-marine (2%) and maize (1%) declined.
The index for 'Non-Food Articles' group rose by 0.1 percent due to higher prices of fodder (2%) and raw cotton, groundnut seed and cotton seed (1% each). However, the prices of niger seed (6%), soyabean (4%) and raw tobacco and sunflower (2% each) declined.
Central Statistical Organisation revises it inflation figures after two months of releasing the provisional figures. For the week ended 14/07/2007, the final wholesale price index for 'All Commodities’ (Base: 1993-94=100) stood at 213.6 as compared to 212.9 (Provisional) and annual rate of inflation based on final index, calculated on point to point basis, stood at 4.76 percent as compared to 4.41 percent (Provisional) reported earlier.
Related Articles:-
1 comments:
Hi,
The blog layout and content coverage is awesome.Thanks for this.
Sumit
Post a Comment