Index Numbers of Wholesale Prices in India (Base: 1993-94=100)
Review for the month of October, 2009
The official Wholesale Price Index for 'All Commodities' (Base: 1993-94 = 100) for the month October 2009 declined by 0.2 percent to 242.2 (Provisional) from 242.7 (Provisional) for the previous month.
INFLATION
The annual rate of inflation, based on monthly WPI, stood at 1.34 percent (Provisional) for the month of October, 2009 (over October 2008) as compared to 0.50 percent (Provisional) for the previous month and 11.06 percent during the corresponding month of the previous year. Build up inflation in the financial year so far was 6.13% compared to a build up of 5.99% in the corresponding period of the previous year.
Inflation for important commodities / commodity groups is indicated in Annex-1.
The movement of the index for the various commodity groups is summarized below:
2. PRIMARY ARTICLES (Weight 22.02%)
The index for this major group declined by 0.9 percent to 273.4 (Provisional) from 275.8 (Provisional) for the previous month. The groups and items for which the index showed variations during the month are as follows:-
The index for ‘Food Articles’ group declined by 1.0 percent to 278.2 (Provisional) from 281.0 (Provisional) for the previous month due to lower prices of fruits & vegetables (11%), bajra (3%), maize and poultry chicken (2% each) and jowar (1%). However, the prices of fish-inland (9%), moong (7%), rice, fish-marine, mutton and tea (3% each), wheat (2%) and urad milk and condiments & spices (1% each) moved up.
The index for ‘Non-Food Articles’ group declined by 1.3 percent to 236.4 (Provisional) from 239.5 (Provisional) for the previous month due to lower prices of gingelly seed (5%), cotton seed and fodder (4% each), groundnut seed (3%), raw cotton, raw wool, rape & mustard seed, copra and sunflower (2% each) and raw silk and castor seed (1% each). However, raw jute (4%), linseed (3%) and raw rubber (1%) moved up.
The index for ‘Minerals’ group rose by 3.0% to 587.0 (Provisional) from 570.0 (Provisional) for the previous month due to higher prices of gypsum (7%) and iron ore (4%). However, the prices of chromite (43%), barytes (6%), fire clay (5%), steatite (4%) and vermiculite (1%). 3. FUEL, POWER, LIGHT & LUBRICANTS (Weight 14.23%)
The index for this major group rose by 0.1 percent to 345.0 (Provisional) from 344.6 (Provisional) for the previous month due to higher prices of furnace oil (3%), bitumin (1%). However, the prices of aviation turbine fuel (8%) declined.
4. MANUFACTURED PRODUCTS (Weight 63.75%)
The index for this major group declined marginally to 208.5 (Provisional) from 208.6 (Provisional) for the previous month. The groups and items for which the index showed variations during the month are as follows:-
The index for ‘Food Products’ group declined by 0.2 percent to 240.1 (Provisional) from 240.7 (Provisional) for the previous month due to lower prices of coconut oil (7%), rape & mustard oil and important edible oil (6% each), oil cakes (4%), cotton seed oil (3%) and groundnut oil, sunflower oil and malted food (1% each). However, the prices of skimmed milk powder and gur (6% each), butter, sooji (rawa), bran (all kinds), sugar and salt (2% each) and ghee, maida, atta, khandsari, gingely oil and coffee powder (1% each) moved up.
The index for ‘Beverages, Tobacco and Tobacco Products’ group rose by 1.3 percent to 309.7 (Provisional) from 305.7 (Provisional) for the previous month due to higher prices of potable country liquor and cigarettes (3% each).
The index for ‘Textiles’ group rose by 0.4 percent to 144.7 (Provisional) from 144.1 (Provisional) for the previous month due to higher prices of hessian cloth (5%), hessian and sacking bags (3%), polyster staple fibre (2%) and cotton yarn–hanks (1%). However, the prices of texturised yarn (3%) and woolen cloth (2%) declined.
The index for ‘Rubber & Plastic Products’ group declined by 0.3 percent to 168.9 (Provisional) from 169.4 (Provisional) for the previous month due to lower prices of pvc fitting & accessories and convas footwear (4% each) and rubber chappal (1%).
The index for 'Chemicals & Chemical Products' group rose by 0.1 percent to 229.7 (Provisional) from 229.4 (Provisional) for the previous month due to higher prices of liquid clorine, methanol, and calcium ammonium nitrate (5% each), vitamin liquids, and synthetic rubber (3% each), acid all kinds and polystyrene (2% each) and caustic soda, resin (all kinds) and carbon black (1% each). However, the prices of p.v.c. resins (10%), purified terepthalic acid (7%) and benzene (6%) declined.
The index for ‘Non-Metallic Mineral Products’ group declined by 0.2 percent to 224.7 (Provisional) from 225.1(Provisional) for the previous month due to lower prices of cement, and asbestos cement corrugated sheets (1%each). However, the prices of bottles (8%) moved up.
The index for ‘Basic Metals Alloys & Metal Products’ group declined by 0.9 percent to 256.9 (Provisional) from 259.2 (Provisional) for the previous month due to lower prices of ms/ss ingots (39%), forging (27%), utensils (10%), steel ingots(3%), lead ingots(2%) and joist & rolls and other iron steel(1%each). However, the prices of brass sheets & strips(5%), skelps (3%), bars & rods, steel wire ropes, cr coil, cr sheet, zinc and zinc ingot (2%each) and basic pig iron, foundary pig iron, blooms, billets & slabs, angles, channels, & section, ms bars & rounds, pipes & tubes and wire all kinds (1% each) moved up.
The index for ‘Machinery & Machine Tools’ group rose by 0.5 percent to 173.9 (Provisional) from 173.1(Provisional) for the previous month due to higher prices of batteries (8%), other cables (3%), rubber insulated cables (2%) and other textile machinery, carding machine, mono block pumps and air & gas compressors (1%each). However, the prices of components & accessories (4%) and ring spinning & doubling and electric motors (1%each) declined.
5. FINAL INDEX FOR THE MONTH OF AUGUST, 2009
For the month of August 2009 the final wholesale price index for ‘All Commodities’ (Base:1993-94=100) stood at 240.8 and annual rate of inflation based on final index stood at (-) 0.17%.
Review for the month of October, 2009
The official Wholesale Price Index for 'All Commodities' (Base: 1993-94 = 100) for the month October 2009 declined by 0.2 percent to 242.2 (Provisional) from 242.7 (Provisional) for the previous month.
INFLATION
The annual rate of inflation, based on monthly WPI, stood at 1.34 percent (Provisional) for the month of October, 2009 (over October 2008) as compared to 0.50 percent (Provisional) for the previous month and 11.06 percent during the corresponding month of the previous year. Build up inflation in the financial year so far was 6.13% compared to a build up of 5.99% in the corresponding period of the previous year.
Inflation for important commodities / commodity groups is indicated in Annex-1.
The movement of the index for the various commodity groups is summarized below:
2. PRIMARY ARTICLES (Weight 22.02%)
The index for this major group declined by 0.9 percent to 273.4 (Provisional) from 275.8 (Provisional) for the previous month. The groups and items for which the index showed variations during the month are as follows:-
The index for ‘Food Articles’ group declined by 1.0 percent to 278.2 (Provisional) from 281.0 (Provisional) for the previous month due to lower prices of fruits & vegetables (11%), bajra (3%), maize and poultry chicken (2% each) and jowar (1%). However, the prices of fish-inland (9%), moong (7%), rice, fish-marine, mutton and tea (3% each), wheat (2%) and urad milk and condiments & spices (1% each) moved up.
The index for ‘Non-Food Articles’ group declined by 1.3 percent to 236.4 (Provisional) from 239.5 (Provisional) for the previous month due to lower prices of gingelly seed (5%), cotton seed and fodder (4% each), groundnut seed (3%), raw cotton, raw wool, rape & mustard seed, copra and sunflower (2% each) and raw silk and castor seed (1% each). However, raw jute (4%), linseed (3%) and raw rubber (1%) moved up.
The index for ‘Minerals’ group rose by 3.0% to 587.0 (Provisional) from 570.0 (Provisional) for the previous month due to higher prices of gypsum (7%) and iron ore (4%). However, the prices of chromite (43%), barytes (6%), fire clay (5%), steatite (4%) and vermiculite (1%). 3. FUEL, POWER, LIGHT & LUBRICANTS (Weight 14.23%)
The index for this major group rose by 0.1 percent to 345.0 (Provisional) from 344.6 (Provisional) for the previous month due to higher prices of furnace oil (3%), bitumin (1%). However, the prices of aviation turbine fuel (8%) declined.
4. MANUFACTURED PRODUCTS (Weight 63.75%)
The index for this major group declined marginally to 208.5 (Provisional) from 208.6 (Provisional) for the previous month. The groups and items for which the index showed variations during the month are as follows:-
The index for ‘Food Products’ group declined by 0.2 percent to 240.1 (Provisional) from 240.7 (Provisional) for the previous month due to lower prices of coconut oil (7%), rape & mustard oil and important edible oil (6% each), oil cakes (4%), cotton seed oil (3%) and groundnut oil, sunflower oil and malted food (1% each). However, the prices of skimmed milk powder and gur (6% each), butter, sooji (rawa), bran (all kinds), sugar and salt (2% each) and ghee, maida, atta, khandsari, gingely oil and coffee powder (1% each) moved up.
The index for ‘Beverages, Tobacco and Tobacco Products’ group rose by 1.3 percent to 309.7 (Provisional) from 305.7 (Provisional) for the previous month due to higher prices of potable country liquor and cigarettes (3% each).
The index for ‘Textiles’ group rose by 0.4 percent to 144.7 (Provisional) from 144.1 (Provisional) for the previous month due to higher prices of hessian cloth (5%), hessian and sacking bags (3%), polyster staple fibre (2%) and cotton yarn–hanks (1%). However, the prices of texturised yarn (3%) and woolen cloth (2%) declined.
The index for ‘Rubber & Plastic Products’ group declined by 0.3 percent to 168.9 (Provisional) from 169.4 (Provisional) for the previous month due to lower prices of pvc fitting & accessories and convas footwear (4% each) and rubber chappal (1%).
The index for 'Chemicals & Chemical Products' group rose by 0.1 percent to 229.7 (Provisional) from 229.4 (Provisional) for the previous month due to higher prices of liquid clorine, methanol, and calcium ammonium nitrate (5% each), vitamin liquids, and synthetic rubber (3% each), acid all kinds and polystyrene (2% each) and caustic soda, resin (all kinds) and carbon black (1% each). However, the prices of p.v.c. resins (10%), purified terepthalic acid (7%) and benzene (6%) declined.
The index for ‘Non-Metallic Mineral Products’ group declined by 0.2 percent to 224.7 (Provisional) from 225.1(Provisional) for the previous month due to lower prices of cement, and asbestos cement corrugated sheets (1%each). However, the prices of bottles (8%) moved up.
The index for ‘Basic Metals Alloys & Metal Products’ group declined by 0.9 percent to 256.9 (Provisional) from 259.2 (Provisional) for the previous month due to lower prices of ms/ss ingots (39%), forging (27%), utensils (10%), steel ingots(3%), lead ingots(2%) and joist & rolls and other iron steel(1%each). However, the prices of brass sheets & strips(5%), skelps (3%), bars & rods, steel wire ropes, cr coil, cr sheet, zinc and zinc ingot (2%each) and basic pig iron, foundary pig iron, blooms, billets & slabs, angles, channels, & section, ms bars & rounds, pipes & tubes and wire all kinds (1% each) moved up.
The index for ‘Machinery & Machine Tools’ group rose by 0.5 percent to 173.9 (Provisional) from 173.1(Provisional) for the previous month due to higher prices of batteries (8%), other cables (3%), rubber insulated cables (2%) and other textile machinery, carding machine, mono block pumps and air & gas compressors (1%each). However, the prices of components & accessories (4%) and ring spinning & doubling and electric motors (1%each) declined.
5. FINAL INDEX FOR THE MONTH OF AUGUST, 2009
For the month of August 2009 the final wholesale price index for ‘All Commodities’ (Base:1993-94=100) stood at 240.8 and annual rate of inflation based on final index stood at (-) 0.17%.
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