India Wholesale Price Index sees rise in textiles and chemicals

22/08/2006

The official Wholesale Price Index for 'All Commodities' (Base: 1993-94 = 100) for the week ended August 5, rose by 0.1% to 204.3 from 204.1 for the previous week.

The annual rate of inflation, calculated on a point-to-point basis, stood at 4.82% for the week ended August 5 (compared with August 6, 2005) versus 4.61% for the previous week and 3.78% during the corresponding week of the previous year.

The index for non-food articles declined by 0.1% to 183.8 from 184 for the previous week due to lower prices of raw jute (2%) and cotton seed and groundnut seed (1% each).

The index for textiles rose by 0.2% to 130.6 from 130.4 for the previous week due to higher prices of synthetic yarn (2%) and hessian & sacking bags (1%). However, the price of hessian cloth (1%) declined.

The index for chemicals & chemical products rose by 0.1% to 195.5 from 195.4 for the previous week due to higher prices of printing ink (7%) and polystyrene (1%).