Statement of Finance Ministry on Inflation
The fiscal year 2009-10 opened with annual year-on-year rate of inflation declining to 0.18 per cent in the week ended
Year-on-year Inflation by Commodity groups
Inflation rates by commodity groups in the current week are as follows:
i. Primary Articles: inflation increased to 4.5 per cent in the current week, up from 3.5 per cent in the previous week. In ‘food articles’, inflation rose by 100 basis points to 7.3 per cent from 6.3 per cent in the week ended March 28, 2009. In ‘non-food articles’, inflation turned positive at 1.0 per cent compared to (-) 0.1 per cent last week. In ‘minerals’, the rate of inflation held steady at (-) 12.8 per cent in the current week as in the earlier week.
ii. Fuel and Power: inflation though continuing in the negative zone, eased to (-) 5.9 per cent in the week under reference, relative to (-) 6.1 per cent in the previous week.
iii. Manufactured Products: inflation rate decreased to 0.8 per cent in the current week, from 1.4 per cent last week, following reduced inflation in 9 out of the 12 sub-groups, the exceptions being in food products, rubber & plastic products, wood & wood products.
Inflation in the combined food index (wt = 25.43 per cent) for the week ended April 4, 2009 increased by 100 basis points to 6.8 per cent compared to 5.8 per cent last week. Most of the sub-components of primary food articles and of manufactured food products have recorded increases in the inflation rate in the week under reference relative to the previous week.
