Inflation Update ; June 13, 2009 ; Sharpest wow movement since June 2008, The wholesale price index (WPI) fell by 1.14% for the week ended June 13, 2009 as against -1.61% in the preceding week.

The wholesale price index (WPI) fell by 1.14% for the week ended June 13, 2009 as against -1.61% in the preceding week.  However, the WPI rose by 0.6% wow, highest wow rise since June 2008. The wow spike was driven by 0.4% increase in the fuel items and 1% wow increase in the prices of manufactured items.   The wow rise in WPI was driven by increase in the prices of agriculture based products like manufactured food products, cotton textiles and tubes and tyres. The prices of chemicals and medicinal products also increased sharply by 5% and 15% respectively.  Amongst the manufactured articles, the prices of food products, Beverages tobacco & tobacco products and Textiles, rose the most by 11.37% yoy, 5.6% yoy and 5.08% yoy respectively. The prices of basic metals alloys & metals products declined by 14.0% during the week.