Inflation
The annual rate of inflation, based on monthly WPI, stood at 9.97% (Provisional) for the month of July, 2010 (over July, 2009) as compared to 10.55 % (Provisional) for the previous month and -0.54% during the corresponding month of the previous year. Build up inflation in the financial year so far was 3.59% compared to a build up of 4.60% in the corresponding period of the previous year.
The index for 'Non-Food Articles' group rose by 0.8 percent to 288.7 (Provisional) from 286.4 (Provisional) for the previous month due to higher prices of raw rubber (7%), castor seed (5%), raw silk and fodder (4% each), groundnut seed (3%), raw jute, copra and sunflower (2% each) and rape & mustard seed, gingelly seed and tobacco (1% each). However, the prices of niger seed (3%), raw cotton (2%) and linseed (1%) declined.
The index for 'Textiles' group declined by 0.4 percent to 163.6 (Provisional) from 164.2 (Provisional) for the previous month due to lower prices of hessian cloth (14%), hessian & sacking bags (3%), other cotton yarn (2%) and polyester staple fibre and nylon filament yarn (1% each). However, the prices of texturised yarn (3%), synthetic yarn (2%) and cotton yarn-cones and cotton yarn-hanks (1% each) moved up.
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