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Home arrow News arrow Business News arrow Rate of inflation for manufactured products registers 7.27 percent in May
Rate of inflation for manufactured products registers 7.27 percent in May Print E-mail
Written by Ganesh   
Wednesday, 15 June 2011
New Delhi: The annual rate of inflation, based on monthly WPI, stood at 9.06% (Provisional) for the month of May, 2011 (over May, 2010) as compared to 8.66% (Provisional) for the previous month and 10.48% during the corresponding month of the previous year.

The index for 'Manufactured Products'(Weight 64.97%) rose by 1.0 percent to 137.2 (Provisional) from 135.8 (Provisional) for the previous month. The rate of inflation for manufactured products was 7.27 per cent in May. Manufacturing inflation has been steadily rising since February this year, when it crossed the 6 per cent mark. It was 6.18 per cent in April.

The index for 'Machinery & Machine Tools' group rose by 0.3 percent to 124.0 (Provisional) from 123.6 (Provisional) for the previous month due to higher prices of UPS / stabilizer (8%), control equipments (6%), lifts, magnets, ball/roller bearing and fibre optic cable (3% each), chemical plant equipments, communication equipments and textile machinery (2% each) and compressors, batteries and industrial valves (1% each).  However, the prices of electric motor starters (5%), fluorescent tubes (3%), pump & assembly (2%) and computers, electric switch gears, hydraulic equipment and electrical pumps (1% each) declined.

The rate of inflation for Machinery and machine tools was 3.48, 3.29, 3.38, 3.18, 2.57 and 3.16 percent respectively for the six months from December 2010 to May 2011.

The index for 'Transport, Equipment & Parts' group rose by 1.8 percent to 124.9 (Provisional) from 122.7 (Provisional) for the previous month due to higher prices of railway brake gear (8%), motor vehicles (5%),  tractors (4%), railway  axle & wheel (3%), auto rickshaw / tempo / matador and auto parts (1% each).  However, the prices of bus / mini bus / truck (2%) and bi-cycles (1%) declined.

The rate of inflation for transport equipment and parts was 2.74, 2.88, 2.96, 3.64, 2.16 and 4.00 percent respectively for the six months from December 2010 to May 2011.

The index for 'Non-Metallic Mineral Products' group rose by 0.7 percent to 149.4 (Provisional) from 148.3 (Provisional) for the previous month due to higher prices of asbestos corrugated sheet and slag  cement (2% each) and grey cement (1%).  However, the prices of white cement (3%) declined.

The index for 'Basic Metals, Alloys & Metal Products' group rose by 0.6 percent to 149.7 (Provisional) from 148.8 (Provisional) for the previous month due to higher prices of silver (10%), sponge iron (7%), gold & gold ornaments  and pipes/tubes/rods/strips (4% each), furniture and melting scrap (3% each), steel rods and joist & beams (2% each) and copper wire (all types), slab, CRC, billets, pig iron, pencil  ingots, steel structures, aluminium, rounds and pressure cooker (1% each).  However, the prices of copper / copper ingots and nuts/bolts/screw/ washers (3% each) and steel castings, copper products (other than wire), iron castings, brass, ferro chrome and steel: pipes & tubes (1% each) declined.

The index for 'Fuel and Power'(Weight 14.91%) rose by 0.3 percent to 160.4 (Provisional) from 159.9 (Provisional) for the previous month due to higher prices of lubricants (5%), petrol, light diesel oil and bitumen (4% each), furnace oil and lignite (2% each) and aviation turbine fuel (1%).  However, the prices of coke (6%) declined.

 
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