Friday, May 14, 2010

Index Numbers of Wholesale Prices in India (Base: 1993-94=100)

Review for the month of April, 2010





The official Wholesale Price Index for 'All Commodities' (Base: 1993-94 = 100) for the month of April, 2010 rose by 1.2 percent to 253.7 (Provisional) from 250.8 (Provisional) for the previous month.

INFLATION 

The annual rate of inflation, based on monthly WPI, stood at 9.59% (Provisional) for the month of April, 2010 (over April, 2009) as compared to 9.90 % (Provisional) for the previous month and 1.31% during the corresponding month of the previous year.

 

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 2.3 percent to 289.7 (Provisional) from 283.2 (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 rose by 2.8 percent to 292.4 (Provisional) from 284.4 (Provisional) for the previous month due to higher prices of fish-marine and moong (5% each), urad (4%), milk (3%), condiments & spices (2%) and arhar, maize, ragi, barley, pork, gram, fish-inland and jowar (1% each). However, the prices of wheat and masur (3% each), tea and eggs (2% each) and bajra (1%) declined.





The index for 'Non-Food Articles' group rose by 0.7 percent to 256.1 (Provisional) from 254.4 (Provisional) for the previous month due to higher prices of raw rubber (9%), logs & timber (5%), castor seed (4%), skins (raw) (2%) and groundnut seed, raw silk, tanning materials, raw jute and mesta (1% each). However, the prices of fodder (9%), hides (raw) and niger seed (4% each), copra (3%), tobacco (2%) and linseed and rape & mustard seed (1% each) declined.





The index for 'Minerals' group rose by 3.1 percent to 629.2 (Provisional) from 610.5 (Provisional) for the previous month due to higher prices of chromite (31%), fire clay (14%), iron ore (4%), barytes (2%) and feldspar (1%). However, the prices of magnesite (24%), steatite (5%) and asbestos (3%) declined.





3. FUEL, POWER, LIGHT & LUBRICANTS (Weight 14.23%)



The index for this major group rose by 0.6 percent to 364.0 (Provisional) from 361.8 (Provisional) for the previous month due to higher prices of naphtha (4%), aviation turbine fuel (3%), light diesel oil and liquefied petroleum gas (2% each) and petrol and high speed diesel oil (1% each). However, the prices of bitumen (1%) declined.





4. MANUFACTURED PRODUCTS (Weight 63.75%)

The index for this major group rose by 0.8 percent to 216.6 (Provisional) from 214.9 (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 3.1 percent to 249.1 (Provisional) from 257.0 (Provisional) for the previous month due to lower prices of khandsari and sugar (6% each), sooji (rawa) and rape & mustard oil (5% each), gur, maida and sunflower oil (4% each), unrefined oil, soyabean oil and oil cakes (3% each), bran (all kinds), imported edible oil, hydrogenated vanaspati, rice bran oil and atta (2% each) and gingelly oil (1%). However, the prices of salt (8%), groundnut oil (2%) and coconut oil, coffee powder and cattle feed (1% each) moved up.



The index for 'Beverages Tobacco & Tobacco Products' group rose by 0.1 percent to 320.1 (Provisional) from 319.9 (Provisional) for the previous month due to higher prices of aerated water (6%) and soft drinks (all kinds) (2%). However, the prices of potable country liquor (2 %) and rectified spirit (1%) declined.



The index for 'Textiles' group rose by 1.5 percent to 158.2 (Provisional) from 155.8 (Provisional) for the previous month due to higher prices of woollen yarn, texturised yarn and synthetic yarn (5% each) and cotton yarn-cones, cotton yarn-hanks and other cotton yarn (3% each). However, the prices of hessian & sacking bags (2%) and hessian cloth (1%) declined.



The index for 'Paper & Paper Products' group rose by 0.7 percent to 205.9 (Provisional) from 204.5 (Provisional) for the previous month due to higher prices of kraft paper (5%) and m.g. poster paper (2%).



The index for 'Rubber & Plastic Products' group rose by 0.3 percent to 175.9 (Provisional) from 175.3 (Provisional) for the previous month due to higher prices of plastic containers (4%), cycle tubes (3%), motor tyres (2%) and giant tyres (1%). However, the prices of cycle tyres (5 %) and suitcases (1%) declined.



The index for 'Chemicals & Chemical Products' group rose by 0.1 percent to 232.8 (Provisional) from 232.6 (Provisional) for the previous month due to higher prices of phenol (25%), synthetic rubber (13%), acid (all kinds) and synthetic resins (6% each), polystyrene (5%), monocrotophos, super phosphate p205 content and titanium dioxide (3% each) and acetylene, rubber chemicals, soda ash, toilet soap, vitamin liquids, tooth paste and resins (all kinds) (1% each). However, the prices of complex fertilizer n_content (7 %), synthetic detergent (6%), benzene, caustic soda and complex fertilizers-npk content (4% each), methanol and ammonium sulphate n_content (3% each), endosulfan (2 %) and liquid chlorine (1%) declined.



The index for ' Non-Metallic Mineral Products ' group rose by 3.4 percent to 227.0 (Provisional) from 219.6 (Provisional) for the previous month due to higher prices of cement (5 %) and asbestos cement corrugated sheets (4%).



The index for 'Basic Metals Alloys & Metal Products' group rose by 6.7 percent to 276.5 (Provisional) from 259.1 (Provisional) for the previous month due to higher prices of blooms and billets & slabs (25% each), skelps (16%), wire(all kinds) and oromild steel & tensile plates (15 % each), CR coils (14%), CR sheets and bars & rods (10% each), tin boxes/containers (8 %), angles, channels & sections (6%), steel ingots (5%), cast iron spun pipes (4%), other iron steel (3%), zinc ingots and ms bars & rounds (2% each) and pipes & tubes, cast iron casting, bolts & nuts, steel sheets, plates & strips, lead ingots, alloy steel casting and steel wire (1% each). However, the prices of bright bars (7%) declined.



The index for 'Machinery & Machine Tools' group rose by 0.3 percent to 178.5 (Provisional) from 178.0 (Provisional) for the previous month due to higher prices of enamelled copper wires (3%), hydraulic machine and electric motors (2% each) and switch gears and batteries (1% each). However, the prices of ACSR conductors (7%) declined.



The index for 'Transport Equipment & Parts' group rose by 0.2 percent to 176.6 (Provisional) from 176.2 (Provisional) for the previous month due to higher prices of car chassis (assembled) and crank shafts (1% each).



5. FINAL INDEX FOR THE MONTH OF FEBRUARY, 2010



For the month of February, 2010, the final wholesale price index for ‘All Commodities’ (Base:1993-94=100) stood at 250.5 as compared to 250.1 (Provisional) and annual rate of inflation based on final index stood at 10.06 percent as compared to 9.89 percent (Provisional) reported earlier

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