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...

NEW DELHI, SEPT 19: India8217;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 articles8217; 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.

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 amp; 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 amp; 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 amp; 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 amp; 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.Textiles8217; 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 amp; sacking bags and coir mats amp; mattings 1 per cent each.

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