Index Numbers of Wholesale Prices in India (Base: 1993-94=100)Review for the month of January, 2010
The official Wholesale Price Index for 'All Commodities' (Base: 1993-94 = 100) for the month of January,2010 rose by 0.8 percent to 248.5 (Provisional) from 246.5 (Provisional) for the previous month.
INFLATION
The annual rate of inflation, based on monthly WPI, stood at 8.56% (Provisional) for the month of January, 2010 (over January, 2009) as compared to 7.31 % (Provisional) for the previous month and 4.95% during the corresponding month of the previous year. Build up inflation in the financial year so far was 8.90% compared to a build up of 1.51% 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 rose by 0.2 percent to 284.7 (Provisional) from 284.1 (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 0.7 percent to 286.4 (Provisional) from 288.4 (Provisional) for the previous month due to lower prices of fruits & vegetables and tea (9% each) and gram and maize (1% each). However, the prices of masur (9%), fish-marine (6%), arhar (5%), wheat (4%), moong, barley and eggs (3% each), bajra and coffee (2% each) and milk, ragi, jowar, rice, pork and condiments & spices (1% each) moved up.
The index for 'Non-Food Articles' group rose by 2.7 percent to 256.3 (Provisional) from 249.5 (Provisional) for the previous month due to higher prices of soyabean (16%), mesta (15%), niger seed (8%), tobacco and sunflower (7% each), gingelly seed (6%), raw rubber and raw silk (3% each), fodder and sugarcane (2% each) and raw cotton, rape & mustard seed, cotton seed and groundnut seed (1% each). However, the prices of skins (raw) and castor seed (4% each) declined.
The index for 'Minerals' group rose by 0.6 percent to 591.6 (Provisional) from 588.1 (Provisional) for the previous month due to higher prices of fire clay (37%), dolomite (34%), asbestos (20%), gypsum (19%), chromite (14%), steatite (12%), felspar (10%), phosphorite (7%), barytes (6%) and fluorite (1 %). However, the prices of vermiculite (39%), ochre (16%) and magnesite (2%) declined.
3. FUEL, POWER, LIGHT & LUBRICANTS (Weight 14.23%)
The index for this major group rose by 1.8 percent to 351.5 (Provisional) from 345.2 (Provisional) for the previous month due to higher prices of naphtha (21%), furnace oil (6%), bitumen, non-coking coal and light diesel oil (3% each) and coking coal (2%). However, the prices of aviation turbine fuel (4 %) declined.
4. MANUFACTURED PRODUCTS (Weight 63.75%)
The index for this major group rose by 0.7 percent to 213.0 (Provisional) from 211.5 (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 rose by 1.6 percent to 257.4 (Provisional) from 253.3 (Provisional) for the previous month due to higher prices of sugar (7%), gur and khandsari (4 % each), gingelly oil and salt (3% each), atta, coconut oil and ghee (2% each) and butter, imported edible oil, cotton seed oil and rape & mustard oil (1% each). However, the prices of soyabean oil and oil cakes (4% each), skimmed milk powder (2%) and rice bran oil and bran (all kinds) (1% each) declined.
The index for 'Beverages Tobacco & Tobacco Products' group rose by 0.1 percent to 311.0 (Provisional) from 310.7 (Provisional) for the previous month due to higher prices of potable country liquor (1%).
The index for 'Textiles' group rose by 2.4 percent to 153.2 (Provisional) from 149.6 (Provisional) for the previous month due to higher prices of cotton yarn-hanks (8%), woollen yarn (6%), polyester staple fibre and cotton yarn-cones (3% each), texturised yarn (2%) and miscellaneous cotton cloth (1%).
The index for 'Paper & Paper Products' group rose by 0.1 percent to 204.2 (Provisional) from 203.9 (Provisional) for the previous month due to higher prices of printing paper white (1%).
The index for 'Leather & Leather Products' group declined by 0.2 percent to 165.8 (Provisional) from 166.2 (Provisional) for the previous month due to marginal fall in prices of footwear western type.
The index for 'Rubber & Plastic Products' group rose by 0.5 percent to 169.7 (Provisional) from 168.8 (Provisional) for the previous month due to higher prices of pvc fitting & accessories (7%), cycle tyres (4%), cycle tubes (3%) and tractor tyres and giant tyres (1% each). However, the prices of plastic items (15%) declined.
The index for 'Chemicals & Chemical Products' group rose by 0.5 percent to 230.5 (Provisional) from 229.3 (Provisional) for the previous month due to higher prices of benzene and liquid injectables other than vitamins (10% each),ointments (9%), p.v.c. resins (5%),varnishes and acid (all kinds) (4% each), synthetic rubber, tablets except vitamin & penicillin, purified terephthalic acid (pta) and titanium dioxide (2% each), vitamin tablets (1%). However, the prices of epoxy resins (8 %), liquid chlorine and caustic soda (sodium hydroxide) (4% each), carbon black and soda ash (sodium carbonate) (3% each), calcium ammonium nitrate n-content (2%) and bopp film and paints (1 % each) declined.
The index for 'Non-Metallic Mineral Products' group declined by 3.7 percent to 212.0 (Provisional) from 220.2 (Provisional) for the previous month due to lower prices of cement (5%) and ceramic tiles (1%).
The index for 'Basic Metals Alloys & Metal Products' group rose by 0.6 percent to 259.7 (Provisional) from 258.2 (Provisional) for the previous month due to higher prices of steel ingots (13%), other iron steel (7%), ms bars & rounds, basic pig iron and foundry pig iron (5% each), zinc ingots and lead ingots (3% each), zinc (2%) and pipes & tubes, aluminium ingots and steel sheets, plates & strips (1 % each).
The index for 'Machinery & Machine Tools' group rose by 0.2 percent to173.8 (Provisional) from 173.5 (Provisional) for the previous month due to higher prices of switch gears and enamelled copper wires (3% each) and ring spinning & doubling frames (1%). However, the prices of power capacitors (1%) declined.
5. FINAL INDEX FOR THE MONTH OF November, 2009
For the month of November, 2009 the final wholesale price index for ‘All Commodities’ (Base:1993-94=100) stood at 247.2 as compared to 245.4 (Provisional) and annual rate of inflation based on final index stood at 5.55% as compared to 4.78% percent (Provisional) reported earlier
The official Wholesale Price Index for 'All Commodities' (Base: 1993-94 = 100) for the month of January,2010 rose by 0.8 percent to 248.5 (Provisional) from 246.5 (Provisional) for the previous month.
INFLATION
The annual rate of inflation, based on monthly WPI, stood at 8.56% (Provisional) for the month of January, 2010 (over January, 2009) as compared to 7.31 % (Provisional) for the previous month and 4.95% during the corresponding month of the previous year. Build up inflation in the financial year so far was 8.90% compared to a build up of 1.51% 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 rose by 0.2 percent to 284.7 (Provisional) from 284.1 (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 0.7 percent to 286.4 (Provisional) from 288.4 (Provisional) for the previous month due to lower prices of fruits & vegetables and tea (9% each) and gram and maize (1% each). However, the prices of masur (9%), fish-marine (6%), arhar (5%), wheat (4%), moong, barley and eggs (3% each), bajra and coffee (2% each) and milk, ragi, jowar, rice, pork and condiments & spices (1% each) moved up.
The index for 'Non-Food Articles' group rose by 2.7 percent to 256.3 (Provisional) from 249.5 (Provisional) for the previous month due to higher prices of soyabean (16%), mesta (15%), niger seed (8%), tobacco and sunflower (7% each), gingelly seed (6%), raw rubber and raw silk (3% each), fodder and sugarcane (2% each) and raw cotton, rape & mustard seed, cotton seed and groundnut seed (1% each). However, the prices of skins (raw) and castor seed (4% each) declined.
The index for 'Minerals' group rose by 0.6 percent to 591.6 (Provisional) from 588.1 (Provisional) for the previous month due to higher prices of fire clay (37%), dolomite (34%), asbestos (20%), gypsum (19%), chromite (14%), steatite (12%), felspar (10%), phosphorite (7%), barytes (6%) and fluorite (1 %). However, the prices of vermiculite (39%), ochre (16%) and magnesite (2%) declined.
3. FUEL, POWER, LIGHT & LUBRICANTS (Weight 14.23%)
The index for this major group rose by 1.8 percent to 351.5 (Provisional) from 345.2 (Provisional) for the previous month due to higher prices of naphtha (21%), furnace oil (6%), bitumen, non-coking coal and light diesel oil (3% each) and coking coal (2%). However, the prices of aviation turbine fuel (4 %) declined.
4. MANUFACTURED PRODUCTS (Weight 63.75%)
The index for this major group rose by 0.7 percent to 213.0 (Provisional) from 211.5 (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 rose by 1.6 percent to 257.4 (Provisional) from 253.3 (Provisional) for the previous month due to higher prices of sugar (7%), gur and khandsari (4 % each), gingelly oil and salt (3% each), atta, coconut oil and ghee (2% each) and butter, imported edible oil, cotton seed oil and rape & mustard oil (1% each). However, the prices of soyabean oil and oil cakes (4% each), skimmed milk powder (2%) and rice bran oil and bran (all kinds) (1% each) declined.
The index for 'Beverages Tobacco & Tobacco Products' group rose by 0.1 percent to 311.0 (Provisional) from 310.7 (Provisional) for the previous month due to higher prices of potable country liquor (1%).
The index for 'Textiles' group rose by 2.4 percent to 153.2 (Provisional) from 149.6 (Provisional) for the previous month due to higher prices of cotton yarn-hanks (8%), woollen yarn (6%), polyester staple fibre and cotton yarn-cones (3% each), texturised yarn (2%) and miscellaneous cotton cloth (1%).
The index for 'Paper & Paper Products' group rose by 0.1 percent to 204.2 (Provisional) from 203.9 (Provisional) for the previous month due to higher prices of printing paper white (1%).
The index for 'Leather & Leather Products' group declined by 0.2 percent to 165.8 (Provisional) from 166.2 (Provisional) for the previous month due to marginal fall in prices of footwear western type.
The index for 'Rubber & Plastic Products' group rose by 0.5 percent to 169.7 (Provisional) from 168.8 (Provisional) for the previous month due to higher prices of pvc fitting & accessories (7%), cycle tyres (4%), cycle tubes (3%) and tractor tyres and giant tyres (1% each). However, the prices of plastic items (15%) declined.
The index for 'Chemicals & Chemical Products' group rose by 0.5 percent to 230.5 (Provisional) from 229.3 (Provisional) for the previous month due to higher prices of benzene and liquid injectables other than vitamins (10% each),ointments (9%), p.v.c. resins (5%),varnishes and acid (all kinds) (4% each), synthetic rubber, tablets except vitamin & penicillin, purified terephthalic acid (pta) and titanium dioxide (2% each), vitamin tablets (1%). However, the prices of epoxy resins (8 %), liquid chlorine and caustic soda (sodium hydroxide) (4% each), carbon black and soda ash (sodium carbonate) (3% each), calcium ammonium nitrate n-content (2%) and bopp film and paints (1 % each) declined.
The index for 'Non-Metallic Mineral Products' group declined by 3.7 percent to 212.0 (Provisional) from 220.2 (Provisional) for the previous month due to lower prices of cement (5%) and ceramic tiles (1%).
The index for 'Basic Metals Alloys & Metal Products' group rose by 0.6 percent to 259.7 (Provisional) from 258.2 (Provisional) for the previous month due to higher prices of steel ingots (13%), other iron steel (7%), ms bars & rounds, basic pig iron and foundry pig iron (5% each), zinc ingots and lead ingots (3% each), zinc (2%) and pipes & tubes, aluminium ingots and steel sheets, plates & strips (1 % each).
The index for 'Machinery & Machine Tools' group rose by 0.2 percent to173.8 (Provisional) from 173.5 (Provisional) for the previous month due to higher prices of switch gears and enamelled copper wires (3% each) and ring spinning & doubling frames (1%). However, the prices of power capacitors (1%) declined.
5. FINAL INDEX FOR THE MONTH OF November, 2009
For the month of November, 2009 the final wholesale price index for ‘All Commodities’ (Base:1993-94=100) stood at 247.2 as compared to 245.4 (Provisional) and annual rate of inflation based on final index stood at 5.55% as compared to 4.78% percent (Provisional) reported earlier
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