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ASSOCHAM Economic Weekly 20 May, 2012 - The Associated ...

ASSOCHAM Economic Weekly 20 May, 2012 - The Associated ...

Contents 1. Macroeconomy

Contents 1. Macroeconomy 1.1 Wholesale Price Indices for April, 2012 1.2 Rupee Depreciates Further 1.3 Railway Revenue Earnings up by 21.70 per Cent Period 1 st -10th May 2012 1.4 Consumer Price Index for Rural, Urban and Combined for the Month of April, 2012 2. Corporate Sector 2.1 Mineral Production during March 2012 3. Market Trends 4. Global Developments 4.1 UK Joblessness Falls 4.2 Jobless Claims in US Unchanged 4.3 Japan’s Economy Rebounds 5. Data Appendix 2

1. Macroeconomy 1.1 Wholesale Price Indices for April, 2012 The annual rate of inflation, based on monthly WPI, stood at 7.23% for the month of April, 2012 (over April, 2011) as compared to 6.89% for the previous month and 9.74% during the corresponding month of the previous year. Build up inflation in the financial year so far was 2.07% compared to a buildup of 1.74% in the corresponding period of the previous year. Index for Primary Article group rose by 4.7 percent to 215.9 from 206.3 for the previous month. Index for ‘Food Articles’ group rose by 4.9 percent to 206.4 from 196.8 for the previous month due to higher prices of fruits & vegetables (19%), barley (5%), tea (4%), masur, maize and bajra (3% each) and ragi and wheat (2% each) and fish-marine, gram, rice and milk (1% each). However, the prices of coffee (8%), egg (4%), condiments & spices and poultry chicken (3% each), urad (2%) and pork (1%), arhar and jowar (1% each) declined. Index for ‘Non-Food Articles’ group rose by 3.3 percent to 195.3 from 189.1 for the previous month due to higher prices of gaur seed (24%), soyabean (13%), gingelly seed (8%), raw silk and rape & mustard seed (6% each), niger seed (5%), mesta, fodder and cotton seed (3% each), linseed, raw rubber, safflower and groundnut seed (2% each) and raw cotton and sunflower (1% each). However, the prices of flowers (12%), copra (5%), castor seed (4%) and raw jute (2%) declined. 3

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