The WPI for the week ended 1^st January, 2011 in respect of 'Primary Articles' and 'Fuel & Power' is given below:

PRIMARY ARTICLES (Weight 20.12%) 

The index for this major group rose by 0.3 percent to 194.0 (Provisional) from 193.4 (Provisional) for the previous week.

The annual rate of inflation, calculated on point to point basis, stood at 17.58 percent (Provisional) for the week ended 01/01/2011 (over 02/01/2010) as compared to 20.20 percent (Provisional) for the previous week (ended 25/12/2010). 

The groups and items for which the index showed variations during the week are as follows:-

The index for 'FOOD ARTICLES' group rose by 0.2 percent to 192.9 (Provisional) from 192.5  (Provisional) for the previous week due to higher prices of jowar and coffee (4% each), fruits & vegetables and fish-marine (2% each) and masur, arhar, bajra, moong, condiments & spices and ragi (1 % each).  However, the prices of poultry chicken (13%), fish-inland (3%) and urad, milk, barley and gram (1% each) declined.

The index for 'NON-FOOD ARTICLES' group rose by 0.8 percent to 173.5 (Provisional) from 172.2 (Provisional) for the previous week due to higher prices of mesta (6%), gaur seed, flower (4%), raw cotton and copra (2% each) and fodder and safflower (1% each). However, the prices of raw jute, groundnut seed and raw rubber (1% each) declined.

FUEL & POWER (Weight 14.91%)

The index for this major group rose by 0.1 percent to 150.9 (Provisional) from 150.7 (Provisional) for the previous week due to higher prices of light diesel oil (5%), naphtha (3%), aviation turbine fuel,      furnace oil and electricity (agricultural) (2% each).  However, the prices of electricity (industry) (5%) declined.

The annual rate of inflation, calculated on point to point basis, stood at 11.53 percent (Provisional) for the week ended 01/01/2011 (over 02/01/2010) as compared to 11.63 percent (Provisional) for the previous week (ended 25/12/2010). 

Build up inflation over the week, financial year end and over the year is given below for some important items.

Next date of press release: 20/01/2011 for the week ending 08/01/2011

Wholesale Price Index and Rates of Inflation [Base Year: 2004-05]

Week Ending 1st January, 2011 (Base: 2004-05)
Commodities/Major Groups/Groups/Sub-Groups	Weight	WPI Jan. 01,2010	Latest week over week		Build up from end March		Year on year		52 week Average
			2009-10	2010-11	2009-10	2010-11	2009-10	2010-11
Primary Articles	20.12	194.0	2.55	0.31	21.23	16.45	19.83	17.58	18.77
Food Articles	14.34	192.9	1.41	0.21	21.59	17.34	19.65	16.91	17.50
Cereals	3.37	169.7	-0.29	0.12	12.82	2.35	15.97	-0.12	7.15
Rice	1.79	166.5	-0.42	-0.12	9.17	2.08	12.61	1.34	6.99
Wheat	1.12	171.9	-0.39	0.17	19.59	0.47	20.87	-4.87	7.19
Pulses	0.72	189.4	5.10	0.05	40.05	-5.39	40.94	-14.84	11.71
Vegetables	1.74	273.0	-3.38	3.84	36.90	110.49	-3.03	70.73	8.30
Potatoes	0.20	159.4	-19.23	-6.07	44.47	56.43	63.08	-1.67	-32.50
Onions	0.18	475.4	8.75	1.73	49.09	203.19	25.85	70.70	8.20
Fruits	2.11	162.2	2.38	0.43	11.58	11.63	12.86	17.71	19.24
Milk	3.24	178.4	4.30	-1.27	17.70	4.63	26.59	13.20	24.30
Egg, Meat & Fish	2.41	195.0	1.77	-1.71	31.57	11.43	31.68	16.70	30.74
Non-Food Articles	4.26	173.5	2.35	0.75	14.38	15.21	12.94	20.49	18.41
Fibres	0.88	206.3	0.60	1.48	18.73	35.81	9.75	36.71	23.71
Oil Seeds	1.78	140.8	1.97	0.07	9.20	3.61	8.52	0.50	4.65
Minerals	1.52	261.3	11.89	0.00	33.35	12.82	35.86	16.70	28.79
Fuel & Power	14.91	150.9	0.22	0.13	9.91	7.71	5.87	11.53	11.87
Liquefied Petroleum Gas	0.91	128.9	0.00	0.00	0.45	14.99	-7.20	14.99	8.67
Petrol	1.09	151.7	0.00	0.00	9.97	17.78	-2.26	25.06	15.81
High Speed Diesel Oil	4.67	153.6	0.00	0.00	6.52	6.22	-0.15	14.71	13.63

 

Wholesale Price Index signals marginal weekly rises with differentiated commodity drivers and stable fuel and power inflation dynamics. Wholesale Price Index reporting for the week ending 1 January 2011 records short term movements and year on year inflation for the Primary Articles and Fuel & Power major groups. Primary Articles rose marginally week on week with differing dynamics across Food and Non Food subgroups driven by specific commodity price increases and decreases. Fuel & Power registered a small weekly rise with energy components identified as the primary drivers and tabulated comparisons provided for weekly, financial year and year on year build up.