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Economy27/01/2012  12:38 PM

Primary articles inflation remain unchanged

The inflation for primary articles which was rebounding from 0.1% in the week ended 24 December to 0.5% in week ended 31 December and finally jumped to 2.5% in the week ended 07 January 2012, slide down to 1.89% in the week ended 14 January 2012.

The decline in inflation for primary articles was caused by fall in inflation for food articles to (-) 1.03% while the inflation for non-food articles also moved down to 0.56% in the week ended 14 January compared with (-) 0.42% and 1.84%, respectively in the week ended 7 January 2012.

Meanwhile, the inflation for minerals, under primary articles group, has accelerated to 24.94% in the week ended 14 January 2012.

The inflation for fuel and power group was steady at 14.45% in the week ended 14 January.

The index for primary articles group remained unchanged in the week ended 14 January 2012 from the previous week level.

Within the primary articles group, the index for Food Articles group rose by 0.3% due to higher prices of bajra (4%), fish-marine and jowar (3% each), ragi and barley (2% each) and wheat, maize and milk (1% each). However, the prices of fruits & vegetables, egg, gram, moong and condiments & spices (1% each) declined.

The index for Non-Food Articles group declined by 1.5% due to lower prices of flowers (18%), raw cotton (7%), sunflower (3%) and raw rubber, castor seed and copra (1% each). However, the prices of gaur seed (17%), groundnut seed (3%) and raw jute, coir fibre, linseed, soyabean, rape & mustard seed and mesta (1% each) moved up.

The index for Minerals group rose by 0.7% due to higher prices of zinc concentrate (6%), copper ore (4%), magnesite (2%) and iron ore (1%). However, the prices of dolomite (5%) and barytes (1%) declined.

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