3/3/2014 Inflation mostly driven by primary articles: Report - The Economic Times http://economictimes.indiatimes.com/news/economy/indicators/inflation-mostly-driven-by-primary-articles-report/articleshow/31279112.cms 1/5 Follow 2.1m Like | Log In | Join | Top News News By Industry News By Company Economy Politics and Nation International Emerging Businesses NRI PSU Press Releases Other Press Releases Sports Indicators Policy Finance Foreign Trade Infrastructure Agriculture Market Watch 01:12 PM | 03 Mar SENSEX 21,017.28 -102.84 NIFTY 6,240.15 -36.80 Gold (MCX) (Rs/10g.) 30,459.00 369.00 USD/INR 61.9 0.12 Login to Track your Investment VIEW MARKET DASHBOARD Visa and Immigration The untold saga of Indians' immigration to the US A Smithsonian exhibition captures a smidgen of Indian-American heritage and history, although it could have done better to go beyond the stereotype. Indians in US facing hardship in getting visa: INOC UK immigration rises despite Cameron's pledge for cuts S E w ‘ e t f t SPOTLIGHT You are here: ET Home › New s › Economy › Indicators Brought to you by: In association with: Search for News, Stock Quotes & NAV's By PTI | 2 Mar, 2014, 03.27PM IST 3 comments | Post a Comment Ads by Google Kanakia Levels, Malad (E) kanakialevels-malad.in/NewProject - Buy Luxury 3/4 BHK Flats in Malad. "2.3 Cr Onwards". Pay Only 25% Now! Primary articles led by food items have the highest share in overall price index at a whopping 35.7 per cent and are mainly responsible for high inflation. ET SPECIAL: Save precious time tracking your investments Inflation mostly driven by primary articles: Report READ MORE ON » WPI inflation | WPI | RBI | Raghuram Rajan | inflation basket | CPI inflation | Care Ratings MUMBAI: Primary articles led by food items have the highest share in overall price index at a whopping 35.7 per cent and are mainly responsible for high inflation, Care Ratings has said in a report. The manufactured items basket, though having the highest weight, contributes the least to the overall inflation index, it said. This is despite the fact that primary articles have only 20.1 per cent weight in the overall inflation basket, but contributed to a 35.7 per cent to spike in the overall price index, followed by fuel and power basket, which has the lowest weight (14.9 percent), contributing to 33.4 per cent to the overall inflation, the report said. Against this, the manufactured products basket, which has the largest weight of 65 per cent in the inflation basket, has contributed the least to the price spiral at 30.9 per cent, it said. The data, based on the WPI and CPI numbers for January 2014, is the latest inflation reading, Care said in the report authored by its economists Madan Sabnavis and Anuja Jaripatke. Among primary articles, food items, which though have only 14.3 per cent weight, contributed 31 per cent to the overall price index, while food grains with just 4.1 per cent weight ramped the index by 6.5 per cent. Cereals with 3.4 per cent weight have 7.6 per cent share in index, and pulses, carrying 0.7 per cent weight, have -1.2 per cent share. This means that though food articles have 35.7 per cent share in primary articles basket, their contribution to the total is 31.5 per cent, with four products groups-cereals, vegetables, eggs meat and fish & milk products accounting for 27.5 per cent of inflation. Food grain inflation is mostly driven by cereals which include rice (5.7 pct) and wheat (1.9 pct). Higher MSPs could be one contributing factor here as output has been robust, something RBI Governor Raghuram Rajan also blamed last week. 12 0 Shar 3 Post Yo Commen Shar Share Mo 1 Indiatimes | The Times of India | The Economic Times | More Home Markets IPO Personal Finance Mutual Funds Tech Jobs Features Blogs Slideshows ET NOW ET Speed Opinion New News
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3/3/2014 Inflation mostly driven by primary articles: Report - The Economic Times