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Inflation declines 0.1 pct

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Agencies

Posted: Nov 05, 2009 at 1246 hrs IST
Inflation declines

New Delhi The government on Thursday introduced a new mechanism for monitoring the wholesale price movement under which the inflation for primary articles, including foodgrain, pulses and vegetables, declined 0.11 per cent during the week ending October 24.

As per the new system, the weekly wholesale price index data would cover only primary articles and commodities in the broad group -- fuel, power, light and lubricants, an official statement said here.

Besides, the monthly price index covering all commodities for October would be released on November 12, in accordance the decision taken by the Cabinet Committee of Economic Affairs, it said.

As per the data, the inflation for fuel, power, light and lubricants remained unchanged at 6.2 per cent.

The prices of primary articles rose by 8.94 per in a year with potatoes showing an increase of 100 per cent, onion by 50 per cent, pulses by 23 per cent, rise by 12 per cent and milk by 10 per cent.

Among the food articles, prices of fruit and vegetables declined by 2 per cent, fish-marine by 3 per cent, barley and jowar by 1 per cent each during the week.

However, prices of moong rose by 3 per cent, wheat and bajra by 2 per cent each.

At the same time, prices of raw silk rose by 6 per cent, raw rubber by 3 per cent and mustard seed by 1 per cent.

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Rubbing salt by Diksha Pradhan on 06 Nov 2009

Why does the govt. not realize that by publishing such false data, it is rubbing salt on our wounds?

INFLATION DOWN BY 0.10%!!!!!!!!! A JOKE ON COMMON MAN by Rajesh Vyas on 05 Nov 2009

These Macro-Statistics and figures have no meaning whatsoever when the AAM AADMI is reeling under unrelenting prices of daily needs like vegetables, pulses, edible oil, etc.We would like to know what the so called Governemnt of the AAM AADMI, FOR THE AAM AADMI is doing to ease and overcome his miseries. There appears to be a total drift with the All Powerful Agriculture Minister, Mr. Sharad Pawar too busy with politicking/Power Games and Government formation in his support state Viz. MAHARASHTRA. He probably does not have time for the commom man's sufferings.The Government should publish inflation figures for daily needs of the AAM AADMI!!!!!The truth will really be out then!!!!!

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