STATEMENT OF FINANCE MINISTRY ON INFLATION

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Annual year-on-year rate of inflation (WPI) was 0.26 per cent in the week ended April 11, 2009, the same level as prevalent at end March 2009, marginally higher than the level of 0.18 per cent in the week ended April 4, 2009. For the corresponding week in the previous year, it was 8.0 per cent.

Year-on-year Inflation by Commodity groups Inflation rates by commodity groups in this week are as follows:

i. Primary Articles: inflation decreased to 4.4 per cent, down from 4.5 per cent in the previous week. In ‘food articles’, inflation decelerated to 7.1 per cent from 7.3 per cent in the earlier week. In ‘non-food articles’, inflation increased to 1.3 per cent compared to 1.0 per cent in the previous week. In ‘minerals’, the rate of inflation held steady at (-) 12.8 per cent for the third week running.

ii. Fuel and Power: inflation was unchanged at (-) 5.9 per cent in the week as in the previous week.

iii. Manufactured Products: inflation rate increased marginally to 0.9 per cent in the current week, from 0.8 per cent in the earlier week, following increased rate in food products (sugar, groundnut oil, oil cakes) in textiles (man-made textiles) and non-metallic mineral products (cement).

Inflation in the food index (wt = 25.43 per cent) for the week ended April 11, 2009 increased to 6.9 per cent from 6.8 per cent in the previous week.

Inflation as measured by CPI-UNME
 
Inflation in the urban non-manual employees CPI, which is released much after data for the other CPIs, declined to 9.9 per cent in February 2009 from 10.4 per cent in January 2009, in line with the general decline seen in the other price indices.

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