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Primary articles inflation eases to 11.8% in week ended 18 June

capital market | Mumbai | February 15, 2014 17:29 IST

Primary articles inflation eases to 11.8% in week ended 18 June

The WPI inflation for primary articles eased to 11.84% the week ended 18 June as compared to 12.62% for the previous week ended 11 June 2011. The index for this major group declined 0.4% during the week from the previous week level. Within the group, the inflation for food articles as well as non-food articles eased to 7.8% and 17.9% from 9.1% and 18.4% in the previous week. However, the inflation for mineral increased 28.5% from 25.9%.

The index for 'Food Articles' group declined 0.8% due to lower prices of poultry chicken (4%), masur (3%), tea, condiments & spices and jowar (2% each) and arhar, mutton and fish-inland (1% each). However, the prices of egg, gram, urad, ragi and fish-marine (2% each) and wheat and barley (1% each) moved up.

The index for 'Non-Food Articles' group declined 0.4% from the previous week level due to lower prices of flowers and raw cotton (3% each), cotton seed (2%) and raw jute, soyabean and raw silk (1% each). However, the prices of gaur seed (9%), sunflower (7%), copra (3%), fodder (2%) and gingelly seed, groundnut seed, castor seed and niger seed (1% each) moved up.

The index for 'Minerals' group rose 2.1% during the week ended 18 June from previous week level due to higher prices of chromite (12%), magnesite (11%), copper ore (7%), barytes (6%), iron ore (5%) and steatite (2%). However, the prices of zinc concentrate (19%) and sillimanite (8%) declined.

The index for fuel and power group rose 0.2% during the week from previous week level due to higher prices of aviation turbine fuel (3%), naphtha (2%) and furnace oil (1%). However, the prices of bitumen (2%) declined.

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