Index Numbers of Wholesale Prices in India (Base: 1993-94=100)
Review for the month of May, 2010
The official Wholesale Price Index for 'All Commodities' (Base: 1993-94 = 100) for the month of May, 2010 rose by 1.7 percent to 258.1 (Provisional) from 253.7 (Provisional) for the previous month.
INFLATION
The annual rate of inflation, based on monthly WPI, stood at 10.16% (Provisional) for the month of May, 2010 (over May, 2009) as compared to 9.59 % (Provisional) for the previous month and 1.38% during the corresponding month of the previous year. Build up inflation in the financial year so far was 1.85% compared to a build up of 2.67% 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 3.5 percent to 299.9 (Provisional) from 289.7 (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 0.8 percent to 294.6 (Provisional) from 292.4 (Provisional) for the previous month due to higher prices of tea (21%), urad (5%), fish-marine (4%), moong, condiments & spices and mutton (3% each), poultry chicken, fruits & vegetables, arhar, fish-inland and beef & buffalo meat (2% each) and gram (1%). However, the prices of wheat (3%), coffee, jowar, barley and masur (2% each) and maize and ragi (1% each) declined.
The index for ‘Non-Food Articles’ group rose by 10.5 percent to 283.1 (Provisional) from 256.1 (Provisional) for the previous month due to higher prices of sugarcane (50%), castor seed and raw silk (5% each), logs & timber (4%), raw cotton (3%), sunflower and copra (2% each) and raw jute, groundnut seed and mesta (1% each). However, the prices of fodder (10%), tobacco (2%) and niger seed, linseed, raw rubber, gingelly seed and cotton seed (1% each) declined.
The index for 'Minerals' group rose by 8.4 percent to 682.2 (Provisional) from 629.2 (Provisional) for the previous month due to higher prices of feldspar (10%), asbestos (8%) and steatite and chromite (6% each). However, the prices of magnesite (18%), barytes (9%) and vermiculite (6%) declined.
3. FUEL, POWER, LIGHT & LUBRICANTS (Weight 14.23%)
The index for this major group rose by 1.2 percent to 368.2 (Provisional) from 364.0 (Provisional) for the previous month due to higher prices of lubricants (5%), aviation turbine fuel and electricity (3% each), liquefied petroleum gas (2%) and light diesel oil and furnace oil (1% each). However, the prices of bitumen (1%) declined.
4. MANUFACTURED PRODUCTS (Weight 63.75%)
The index for this major group rose by 1.2 percent to 219.1 (Provisional) from 216.6 (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 1.1 percent to 246.4 (Provisional) from 249.1 (Provisional) for the previous month due to lower prices of sugar and oil cakes (3% each), khandsari and salt (2% each) and rape & mustard oil, bran (all kinds), sooji (rawa), unrefined oil and cotton seed oil (1% each). However, the prices of atta and maida (4% each), cakes & sweet rolls and malted food (3% each), gur, imported edible oil, groundnut oil and biscuits (2% each) and ghee (1%) moved up.
The index for 'Beverages Tobacco & Tobacco Products' group rose by 1.3 percent to 324.3 (Provisional) from 320.1 (Provisional) for the previous month due to higher prices of bidi (7%). However, the prices of rectified spirit (1%) declined.
The index for 'Textiles' group rose by 3.0 percent to 163.0 (Provisional) from 158.2 (Provisional) for the previous month due to higher prices of cotton grey drills & jeans and terry cotton shirting (11% each), cotton knitted garments and cotton grey cloth (others) (10% each), polyester yarn (8%), cotton yarn-hanks (7%), synthetic yarn (5%), other cotton yarn (4%), dhoties, sarees & voils and polyester staple fibre (3% each), woollen cloth, woollen yarn and nylon filament yarn (2% each) and cotton yarn-cones and viscose filament yarn (1% each). However, the prices of texturised yarn (8%) and hessian cloth (4%) declined.
The index for 'Wood & Wood Products' group rose by 8.8 percent to 258.5 (Provisional) from 237.6 (Provisional) for the previous month due to higher prices of plywood commercial planks (19%).
The index for 'Paper & Paper Products' group rose by 0.7 percent to 207.3 (Provisional) from 205.9 (Provisional) for the previous month due to higher prices of newsprint (4%) and kraft paper and m.g. poster paper (1% each).
The index for 'Leather & Leather Products' group rose by 1.0 percent to 166.0 (Provisional) from 164.4 (Provisional) for the previous month due to higher prices of footwear western type (1%).
The index for 'Rubber & Plastic Products' group rose by 1.1 percent to 177.9 (Provisional) from 175.9 (Provisional) for the previous month due to higher prices of cycle tubes (5%), giant tubes (3%) and giant tyres, tractor tyres and motor tyres (1% each). However, the prices of pvc fitting & accessories (2%) declined.
The index for 'Chemicals & Chemical Products' group rose by 1.6 percent to 236.5 (Provisional) from 232.8 (Provisional) for the previous month due to higher prices of carbon black (21%), urea n_content (6%), calcium ammonium nitrate n-content and di_ammonium phosphate n-content (5% each), complex fertilizers-npk content and endosulfan (4% each), hair oil, liquid chlorine, liquid oral other than vitamins and benzene (3% each), acid (all kinds), varnishes, caustic soda and polystyrene (2% each) and oxygen, titanium dioxide, resins (all kinds), enamels, soda ash and monocrotophos (1% each). However, the prices of other fertilizers (4%), ammonium sulphate n_content (2%) and complex fertilizer n_content and purified terephthalic acid (pta) (1% each) declined.
The index for 'Non-Metallic Mineral Products' group declined by 0.5 percent to 225.9 (Provisional) from 227.0 (Provisional) for the previous month due to lower prices of cement (1%). However, the price of asbestos cement corrugated sheets (1%) moved up.
The index for 'Basic Metals Alloys & Metal Products' group rose by 3.4 percent to 285.8 (Provisional) from 276.5 (Provisional) for the previous month due to higher prices of alloy stainless steel (26%), steel sheets, plates & strips (14%), ms bars & rounds (10%), nickel alloy (9%), other iron steel, basic pig iron, foundry pig iron and alloy steel casting (8% each), blooms and billets & slabs (7% each), skelps and pipes & tubes (5% each), wire (all kinds), oromild steel & tensile plates and cr coils (4% each), bars & rods and cr sheets (3% each), steel wire and angles, channels & sections (2% each) and cast iron spun pipes and bolts & nuts (1% each). However, the prices of steel ingots (8%) and lead ingots and zinc ingots (6% each) declined.
The index for 'Transport Equipment & Parts' group rose by 0.8 percent to 178.1 (Provisional) from 176.6 (Provisional) for the previous month due to higher prices of broad gauge passenger carriage (13%), broad gauge other coaching vehicles (6%), crank shafts (2%) and bus chassis (diesel), truck chassis (diesel), bicycles and other automobile spare parts (1% each).
5. FINAL INDEX FOR THE MONTH MARCH, 2010
For the month of March, 2010, the final wholesale price index for ‘All Commodities’ (Base:1993-94=100) stood at 253.4 as compared to 250.8 (Provisional) and annual rate of inflation based on final index stood at 11.04 percent as compared to 9.90 percent (Provisional) reported earlier vide press note dated 14/05/2010
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