Primary articles driving inflation: Care Ratings

Primary articles driving inflation: Care Ratings
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 according to PTI.

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.

Dion Global Solutions Ltd.

Story first published: Monday, March 3, 2014, 9:20 [IST]
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