Annual year-on-year rate of inflation continued negative at (-) 1.14 per cent in the week ended June 13, 2009, but eased marginally from (-) 1.61 per cent in the previous week ended June 6, 2009, due to a rise in inflation in manufactured products and fuel & power.
Year-on-year Inflation by Commodity groups
Inflation rates by commodity groups in the current week are as follows:
i. Primary Articles: inflation decreased to 5.7 per cent in the current week, from 5.8 per cent in the previous week. In food articles, inflation fell to 8.65 per cent from 8.71 per cent in the week ended June 6, 2009 due to fall in inflation in cereals. In non-food articles, inflation deepened to (-) 1.3 per cent from (-) 0.9 per cent in the earlier week. In ‘minerals’, inflation has been stable at 4.2 per cent for the third consecutive week.
ii. Fuel and Power: Inflation eased fractionally from (-) 12.8 per cent in the week of June 6, 2009 to (-) 12.6 per cent in the current week.
iii. Manufactured Products: Inflation in this group during the week ended June 13, 2009 accelerated by almost 80 basis points to 0.8 per cent, from 0 per cent in the previous week. The increase is on account of textiles (cotton textiles), rubber & plastic products (tubes), chemicals & chemical products (drugs & medicines), and transport equipment & parts (vehicles).
iv. Inflation in the food index (wt = 25.43 per cent) for the current week reverted to 9.2 per cent from 9.4 per cent in the week ended June 6, 2009. Inflation ruled higher in the sub-groups of pulses, eggs, meat & fish, condiments & spices in primary food articles, while the sub-group of sugar, khandsari & gur in manufactured food products continues to record rising double digit levels. However, inflation in edible oils has been negative since the beginning of 2009-10.
CPI inflation
Inflation in the CPI AL and CPI RL increased to 10.2 per cent in May 2009, compared to 9.1 per cent in both in April 2009. From August 2008 to May 2009, inflation in these indices was consistently in double digits, except in March and April 2009. The rates in the corresponding month of May 2008 were 9.1 per cent in CPI AL and 8.8 per cent in CPI RL.
Source: PIB
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