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Prices of MS/SS ingot fall 39%
Dr M.S. Kapadia
Monday, October 19, 2009, 14:52 Hrs  [IST]

The WPI of MS/SS ingots dropped 39% during the week ended October 3 after remaining steady in the 1st nine months of 2009. Forging (27%), lead ingots (2%), zinc ingots, other iron steel and cement (1% each) were other investment goods whose prices fell over the week. The WPI of enameled copper wires (11%), MS bars/rounds (3%) and steel ingots and mono block pumps (1% each) moved up. The ERIL Index of Cost of Project Inputs declined marginally to 209.05 during the week. 
.

ERIL INDEX OF COST OF PROJECT INPUTS
Week ended 3 October 2009
Wholesale Price Index: 1993-94-100
 
Weight
Index
YoY increase (%)
YoY increase (%)
 
(%)
2009/08
200807
2009
2008
Non-metallic mieral products
2.516
224.70
3.1
3.4
2.7
1.5
Structural clay products
0.230
227.20
3.2
4.0
1.4
0.4
Cement
1.731
225.80
0.3
2.3
-0.1
1.8
Basic metals, alloys, metal products
8.342
256.90
-13.2
19.8
0.3
1.5
Iron and steel
3.637
290.60
-18.4
28.5
1.0
1.0
Machinery & machine tools
8.363
173.70
-1.6
5.4
0.9
5.1
Electrical machinery
4.985
148.50
-2.9
5.4
1.0
5.2
Non-electrical machinery
3.379
210.80
-0.2
5.3
0.7
5.1
Transport equipment & parts
4.295
175.80
-0.8
7.0
0.5
4.5
Composite ERIL Index for project inputs
23.516
209.05
-7.2
12.6
0.8
2.9
Overall WPI
100.000
241.9
0.92
11.5
5.8
5.7
 
 
                 
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