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This is an archive article published on September 20, 1999

Inflation rises to 1.94 per cent

NEW DELHI, SEPT 19: India's year-on-year inflation rate measured by the wholesale price index rose to 1.94 per cent in the week ended Sep...

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NEW DELHI, SEPT 19: India’s year-on-year inflation rate measured by the wholesale price index rose to 1.94 per cent in the week ended September 4 from 1.81 per cent in the previous week, the Industry Ministry said on Sunday.

Primary articles’ index rose sharply to 396.0 (provisional) during the reference week from 390.0 (P) in the previous week mainly due to gains in the prices of food and non-food articles.

Index for food articles spurted by 2.4 per cent to 469.3 from 458.2 a week ago on account of rise in prices of fruits (20 per cent), barley and ragi (3 per cent each), jowar, maize, masur and poultry chicken (2 per cent each) and gram, arhar and urad (1 per cent each).

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However, prices of other food articles like fish (5 per cent), vegetables (4 per cent), bajra (3 per cent) and moong and eggs (1 per cent) dropped during the reference week.

Non-food articles index registered a marginal increase of 0.1 per cent to 377.1 from 376.9 a week ago due to costly soyabean (7 per cent), cotton seed (3 percent), rape & mustard seed and lac (2 per cent each) and raw jute, gingelly seed and sunflower (1% each).

Prices of articles that declined from the same sub-group were raw skins (5 per cent), fodder (4 per cent) and raw cotton, raw wool, copra and raw tobacco (1 per cent each). Substantial rise in prices of furnace oil (13 per cent), light diesel oil (5 per cent), bitumen (2 per cent) and high speed diesel oil and electricity for other uses (1 per cent each) pushed up index for fuel, power, light & lubricants to 401.8 (P) from 398.6 (P) in the previous week.

Index for manufactured products rose by 0.1 per cent to 337.6 (P) from 337.1 (P) in the previous week due to increase in indices of food products, textiles chemicals & chemical products.

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Index for food products under the manufactured product category rose 0.5 per cent to 348.0 from 346.4 a week ago due to dearer suji and rape & mustard oil (3 per cent each), gur (2 per cent) and maida, butter, atta, groundnut oil and oil cakes (1 per centeach).

However, prices of hydrogenated vanaspati (5 per cent), rice bran oil (3 per cent) and ghee and gingelly oil (2 per cent each) dropped during the week.Textiles’ index rose to 320.0 from 319.2 in the previous week on account of higher prices of coir yarn (14 per cent), and hessian & sacking bags and coir mats & mattings (1 per cent each).

Index for paper & paper products dropped 0.4 per cent to 395.3 from a week as prices of printing paper white declined six per cent.

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