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India's inflation rate eases slightly to 9.11% for November 2011

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India's headline annual rate of inflation, based on the monthly Wholesale Price Index (WPI), eased slightly to 9.11 per cent for the month of November 2011 as compared to 9.73 per cent for the previous month and 8.20 per cent during the corresponding month of the previous year.
 
An official statement, quoting provisional data, said here today that the build-up of inflation in the financial year so far was 4.95 per cent as compared to 5.50 per cent in the corresponding period of the previous year.
 
The statement said the official WPI for All Commodities, with base 2004-05=100, for November rose by 0.1 per cent to 156.9 from 156.8 for the previous month.
 
Provisional data released by the Government on December 7 showed that India's food inflation rate had fallen significantly to 6.6 per cent for the week ended November 26, 2011 from 8.0 per cent for the previous week.
 
The inflation rate for fuel and power, however, remained unchanged at its previous week's level of 15.53 per cent, it said.
 
According to the data, the prices of vegetables were up pulses were up 13 per cent from a year ago, cereals by 1.68 per cent, rice by 2.34 per cent, fruits by 10.72 per cent, milk by 11.02 per cent and eggs, meat and fish by 10.04 per cent.
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However, the prices of wheat were down by 4.70 per cent, vegetables by 1.25 per cent, potatoes by 15.25 per cent and onions by 39.20 per cent.
 
Today's data for November showed that the food inflation rate was 8.54 per cent as far as primary articles were concerned. Among manufactured products, the food inflation rate was 6.75 per cent.
 
Overall, the index for Primary Articles, which have a weight of 20.12 per cent in the WPI, declined by 1.6 per cent to 201.1 from 204.3 for the previous month.
 
Within this group, the index for ‘Food Articles’ declined by 2.0 percent to 196.9 from 200.9 for the previous month due to lower prices of fruits & vegetables (7%), poultry chicken (6%), fish-inland and moong (4% each), urad (3%), masur (2%) and condiments & spices, rice and wheat (1% each). However, the prices of tea (5%), fish-marine and egg (4% each), gram and coffee (3% each) and pork, jowar, mutton and ragi (1% each) moved up.
 
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The index for ‘Non-Food Articles’ declined by 1.5 percent to 176.3 from 178.9 for the previous month due to lower prices of logs & timber (17%), mesta (11%), raw rubber (9%), raw silk and raw jute (5% each), groundnut seed (4%), niger seed and raw cotton (3% each) and coir fibre (2%). However, the prices of gingelly seed (5%), soyabean (4%), flowers, fodder and gaur seed (3% each) moved up.
 
The index for ‘Minerals’ rose by 1.1 percent to 310.5 from 307.0 for the previous month due to higher prices of barytes (8%), bauxite (4%), crude petroleum (3%), chromite (1%). However, the prices of zinc concentrate (6%), sillimanite and copper ore (3%) and dolomite, manganese ore and iron ore (1% each) declined.
 
The index for Fuel & Power, which have a weight of 14.91 percent in the WPI, rose by 0.9 percent to 171.6 from 170.0 for the previous month due to higher prices of aviation turbine fuel, furnace oil and naphtha (6% each) and bitumen and petrol (1% each). However, the prices of light diesel oil (1%) declined.
 
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The index for Manufactured Products, which have a weight of 64.97 percent in the WPI, rose by 0.5 percent to 139.8 from 139.1 for the previous month.
 
Within this group, the index for ‘Food Products’ declined by 0.1 percent to 151.8 from 152.0 for the previous month due to lower prices of gur (9%), tea leaf (blended) (8%), tea leaf (unblended) (5%), groundnut oil, soyabean oil and copra oil (2% each) and cotton seed oil, sunflower oil and oil cakes (1% each). However, the prices of processed prawn (8%), sugar, tea dust (blended) and rice bran oil (2% each) and ghee, mixed spices, coffee powder, mustard & rapeseed oil and khandsari (1% each) moved up.
 
The index for ‘Beverages, Tobacco & Tobacco Products’ group rose by 0.6 percent to 163.6 from 162.6 for the previous month due to higher prices of bidi (2%).
 
The index for ‘Textiles’ rose by 0.4 percent to 126.5 from 126.0 for the previous month due to higher prices of jute yarn and cotton yarn (2% each) and woollen textiles (1%). However, the prices of jute sacking cloth (3%), jute sacking bag (2%) and gunny and hessian cloth (1%) declined.
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The index for ‘Wood & Wood Products’ group declined by 0.1 percent to 161.2 from 161.3 for the previous month due to lower prices of plywood & fibre board (1%). However, the prices of timber / wooden planks (1%) moved up.
 
The index for ‘Paper & Paper Products’ rose by 0.2 percent to 132.6 from 132.4 for the previous month due to higher prices of computer stationery and printing and writing paper (1% each). However, the prices of paper pulp (2%) declined.
 
The index for ‘Leather & Leather Products rose by 0.1 percent to 129.9 from 129.8 for the previous month due to higher prices of leathers (1%).
 
The index for ‘Rubber & Plastic Products’ declined by 0.2 percent to 133.2 from 133.5 for the previous month due to lower prices of polythene/pvc foam (7%), polyester film (3%) and rigid pvc, plastic containers and rubber components & parts (1% each). However, the price of rubber transmission belt and v belt (2% each) and rubber sheet assembly and synthetic rubber compound (1% each) moved up.
 
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The index for ‘Chemicals & Chemical Products’ group rose by 0.4 percent to 135.0 from 134.4 for the previous month due to higher prices of di ammonium phosphate (10%), turpentine oil (4%), photographic goods, antibiotics and dye & dye intermediates (2% each) and ammonium sulphate, basic inorganic chemicals, explosives, organic manure, synthetic resin and pigment & pigment intermediates (1% each). However, the prices of basic organic chemicals (2%) and toilet soap, lacquer & varnishes, hair / body oils and pesticides (1% each) declined.
 
The index for ‘Non-Metallic Mineral Products’ group rose by 0.9 percent to 152.6 from 151.2 for the previous month due to higher prices of polished granite (4%) and railway sleeper, lime, bricks & tiles, grey cement, slag cement and white cement (1% each),
 
The index for ‘Basic Metals, Alloys & Metal Products’ group rose by 1.5 percent to 158.1 from 155.7 for the previous month due to higher prices of gold & gold ornaments and chromium / chrome (5% each), rounds, hrc, angles, plates and crc (3% each), pipes/tubes/rods/strips, billets, rebars, pencil ingots, joist & beams, gp/gc sheets and steel castings (2% each) and melting scrap, iron castings and steel structures (1% each). However, the prices of brass, steel pipes & tubes and ferro manganese (2% each) and copper wire (all types) and wire rods (1% each) declined.
 
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The index for ‘Machinery & Machine Tools’ group rose by 0.2 percent to 125.4 from 125.2 for the previous month due to higher prices of fans (3%), electrical wires, hydraulic equipment, industrial valves, machine tools and pvc insulated cable (2% each) and electrical pumps, ball/roller bearing, sprinkler, textile machinery and fibre optic cable (1% each). However, the prices of pump & assembly (6%), microwave oven and electric switch gears (4% each), plastic machinery (3%), earth moving machinery and insulators (2% each) and electric generators (1%) declined.
 
The index for ‘Transport, Equipment & Parts’ rose by 0.3 percent to 125.2 from 124.8 for the previous month due to higher prices of tractors and bus / mini bus / truck (1% each).
 
The statement said that the final WPI for September stood at 156.2 as compared to 154.9 provisionally reported on October 14. Accordingly, the annual rate of inflation based on the final index stood at 10.0 per cent as compared to 9.72 per cent provisionally reported on that date.
 
NNN
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