Index Numbers of Wholesale Prices in India (Base: 2004-05=100) Review for the month of October, 2010
The official Wholesale Price Index for 'All Commodities' (Base: 2004-05=100) for the month of October, 2010 rose by 0.4 percent to 141.7 (Provisional) from 141.1 (Provisional) for the previous month.
INFLATION
The annual rate of inflation, based on monthly WPI, stood at 8.58% (Provisional) for the month of October, 2010 (over October, 2009) as compared to 8.62% (Provisional) for the previous month and 1.48% during the corresponding month of the previous year.
Inflation for important commodities / commodity groups is indicated below:
The movement of the index for the various commodity groups is summarized below:-
PRIMARY ARTICLES (Weight 20.12%)
The index for this major group rose by 0.8 percent to 181.2 (Provisional) from 179.7 (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 0.6 percent to 180.1 (Provisional) from 179.0 (Provisional) for the previous month due to higher prices of beef & buffalo meat (6%), barley (5%), pork and fruits & vegetables (4% each), tea (3%), jowar and gram (2% each) and ragi and milk (1% each). However, the prices of fish-marine (6%), fish-inland (3%), arhar, masur and bajra (2% each) and poultry chicken, moong and maize (1% each) declined.
The index for 'Non-Food Articles' group rose by 2.7 percent to 161.4 (Provisional) from 157.2 (Provisional) for the previous month due to higher prices of copra and raw jute (13% each), raw cotton (9%), raw rubber (7%), gaur seed, rose, coir fibre, niger seed and mesta (4% each), fodder, raw silk and sunflower (3% each), safflower and linseed (2% each) and gingelly seed, rape & mustard seed and jasmine (1% each). However, the prices of marigold (6%), castor seed (5%), groundnut seed (4%), cotton seed (2%) and logs & timber (1%) declined.
The index for 'Minerals' group declined by 0.6 percent to 247.1 (Provisional) from 248.6 (Provisional) for the previous month due to lower prices of gypsum (22%), manganese ore (15%), zinc concentrate (12%), dolomite (10%), barytes (5%), iron ore (2%) and kaolin (1%). However, the prices of chromite (8%) and copper ore (5%) moved up.
FUEL, POWER, LIGHT & LUBRICANTS (Weight 14.91%)
The index for this major group rose by 0.3 percent to 148.1 (Provisional) from 147.6 (Provisional) for the previous month due to higher prices of light diesel oil (5%), aviation turbine fuel (4%) and petrol, naphtha and furnace oil (1% each). However, the prices of bitumen (3%) declined.
MANUFACTURED PRODUCTS (Weight 64.97%)
The index for this major group rose by 0.3 percent to 128.0 (Provisional) from 127.6 (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 rose by 0.5 percent to 140.0 (Provisional) from 139.3 (Provisional) for the previous month due to higher prices of rice bran extraction and mixed spices (4% each), vanaspati, groundnut oil cake and sunflower oil (3% each), vegetables seeds, gur and other oil cakes (2% each) and gram powder (besan), rice bran, powder milk, pickles, tea leaf (unblended) and cotton seed oil (1% each). However, the prices of mustard oil cake (3%), salt (2%) and ghee, groundnut oil and cashew kernel (1% each) declined.
The index for 'Beverages, Tobacco & Tobacco Products' group rose by 0.2 percent to 144.1 (Provisional) from 143.8 (Provisional) for the previous month due to higher prices of toddy (or taddy) (17%). However, the prices of dried tobacco (4%) declined.
The index for ‘Textiles’ group rose by 0.8 percent to 116.9 (Provisional) from 116.0 (Provisional) for the previous month due to higher prices of polyethylene fabrics (7%), cotton yarn (unbleached) (5 %), finished / processed cotton yarn (not knitted), woollen cloth and synthetic yarn (2% each) and gunny bags (non laminated), jute sacking bag, other synthetic fabrics, viscose yarn, polyester yarn, synthetic grey cloth, jute sacking cloth and coir mats & matting (1% each). However, the prices of other cotton hosiery goods (2%) and cotton knitted fabrics and woollen yarn (1% each) declined.
The index for 'Wood & Wood Products’ group declined by 0.7 percent to 148.6 (Provisional) from 149.7 (Provisional) for the previous month due to lower prices of plywood board (2%). However, the prices of veneer wood (1%) moved up.
The index for 'Paper & Paper Products' group rose by 1.1 percent to 124.8 (Provisional) from 123.4 (Provisional) for the previous month due to higher prices of books/ periodicals/ journals (2%) and newsprint and kraft paper & bags (1% each). However, the prices of bristle paper board (1%) declined.
The index for 'Rubber & Plastic Products' group declined by 0.6 percent to 124.0 (Provisional) from 124.8 (Provisional) for the previous month due to lower prices of v belt (17%), rubber moulded goods (13%), other rubber tubes and bus/truck tyre (7% each), other rubber products (2%) and polyester chips (1%). However, the prices of rigid pvc (2%) and polyester film, hdpe woven sacks and reclaimed rubber (1% each) moved up.
The index for 'Chemicals & Chemical Products' group rose by 0.3 percent to 122.9 (Provisional) from 122.5 (Provisional) for the previous month due to higher prices of hair / body oils (8%), vitamins and phenol or phenol extract (6% each), other pesticides (3%), urea (2%) and wax, shaving cream, non-cyclic compound, chlorine, alcohol & mixture, formaldehyde, other organic chemicals, other inorganic chemicals, fatty acid and thermocol (1% each). However, the prices of fatty alcohol (12%), pigment & pigment intermediates and acid (inorganic) (2% each) and bleaching powder (1%) declined.
The index for 'Non-Metallic Mineral Products' group rose by 0.1 percent to 144.4 (Provisional) from 144.3 (Provisional) for the previous month due to higher prices of concrete poles & posts (2%) and white cement (1%).
The index for 'Basic Metals, Alloys & Metal Products' group rose by 0.4 percent to 133.8 (Provisional) from 133.3 (Provisional) for the previous month due to higher prices of silver and locks (3% each), melting scrap, sponge iron, nuts/bolts/screw/ washers and billets (2% each) and wire rods, pencil ingots, pig iron, rails, steel castings, slab, rounds and steel structures (1% each). However, the prices of zinc (2%) declined.
The index for 'Machinery & Machine Tools' group rose by 0.4 percent to 121.0 (Provisional) from 120.5 (Provisional) for the previous month due to higher prices of capacitors (14%), gear cutting machines (8%), other industrial machinery (4%) and lathes and sensors (1% each). However, the prices of electric connectors / plugs /sockets/holders (14%), food/ beverages/tobacco processing machinery (12%) and fluorescent tubes (3%) declined.
The index for 'Transport, Equipment & Parts' group declined by 1.1 percent to 119.5 (Provisional) from 120.8 (Provisional) for the previous month due to lower prices of gear boxes & parts and bus / mini bus / truck (6% each) and radiator & coolers (1%).
FINAL INDEX FOR THE MONTH AUGUST, 2010
For the month of August, 2010 the final Wholesale Price Index for ‘All Commodities’ (Base:2004-05=100) stood at 140.7 as compared to 140.3 (Provisional) and annual rate of inflation based on final index stood at 8.82% as compared to 8.51 percent (Provisional) reported on 14.09.2010.
The official Wholesale Price Index for 'All Commodities' (Base: 2004-05=100) for the month of October, 2010 rose by 0.4 percent to 141.7 (Provisional) from 141.1 (Provisional) for the previous month.
INFLATION
The annual rate of inflation, based on monthly WPI, stood at 8.58% (Provisional) for the month of October, 2010 (over October, 2009) as compared to 8.62% (Provisional) for the previous month and 1.48% during the corresponding month of the previous year.
Inflation for important commodities / commodity groups is indicated below:
The movement of the index for the various commodity groups is summarized below:-
PRIMARY ARTICLES (Weight 20.12%)
The index for this major group rose by 0.8 percent to 181.2 (Provisional) from 179.7 (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 0.6 percent to 180.1 (Provisional) from 179.0 (Provisional) for the previous month due to higher prices of beef & buffalo meat (6%), barley (5%), pork and fruits & vegetables (4% each), tea (3%), jowar and gram (2% each) and ragi and milk (1% each). However, the prices of fish-marine (6%), fish-inland (3%), arhar, masur and bajra (2% each) and poultry chicken, moong and maize (1% each) declined.
The index for 'Non-Food Articles' group rose by 2.7 percent to 161.4 (Provisional) from 157.2 (Provisional) for the previous month due to higher prices of copra and raw jute (13% each), raw cotton (9%), raw rubber (7%), gaur seed, rose, coir fibre, niger seed and mesta (4% each), fodder, raw silk and sunflower (3% each), safflower and linseed (2% each) and gingelly seed, rape & mustard seed and jasmine (1% each). However, the prices of marigold (6%), castor seed (5%), groundnut seed (4%), cotton seed (2%) and logs & timber (1%) declined.
The index for 'Minerals' group declined by 0.6 percent to 247.1 (Provisional) from 248.6 (Provisional) for the previous month due to lower prices of gypsum (22%), manganese ore (15%), zinc concentrate (12%), dolomite (10%), barytes (5%), iron ore (2%) and kaolin (1%). However, the prices of chromite (8%) and copper ore (5%) moved up.
FUEL, POWER, LIGHT & LUBRICANTS (Weight 14.91%)
The index for this major group rose by 0.3 percent to 148.1 (Provisional) from 147.6 (Provisional) for the previous month due to higher prices of light diesel oil (5%), aviation turbine fuel (4%) and petrol, naphtha and furnace oil (1% each). However, the prices of bitumen (3%) declined.
MANUFACTURED PRODUCTS (Weight 64.97%)
The index for this major group rose by 0.3 percent to 128.0 (Provisional) from 127.6 (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 rose by 0.5 percent to 140.0 (Provisional) from 139.3 (Provisional) for the previous month due to higher prices of rice bran extraction and mixed spices (4% each), vanaspati, groundnut oil cake and sunflower oil (3% each), vegetables seeds, gur and other oil cakes (2% each) and gram powder (besan), rice bran, powder milk, pickles, tea leaf (unblended) and cotton seed oil (1% each). However, the prices of mustard oil cake (3%), salt (2%) and ghee, groundnut oil and cashew kernel (1% each) declined.
The index for 'Beverages, Tobacco & Tobacco Products' group rose by 0.2 percent to 144.1 (Provisional) from 143.8 (Provisional) for the previous month due to higher prices of toddy (or taddy) (17%). However, the prices of dried tobacco (4%) declined.
The index for ‘Textiles’ group rose by 0.8 percent to 116.9 (Provisional) from 116.0 (Provisional) for the previous month due to higher prices of polyethylene fabrics (7%), cotton yarn (unbleached) (5 %), finished / processed cotton yarn (not knitted), woollen cloth and synthetic yarn (2% each) and gunny bags (non laminated), jute sacking bag, other synthetic fabrics, viscose yarn, polyester yarn, synthetic grey cloth, jute sacking cloth and coir mats & matting (1% each). However, the prices of other cotton hosiery goods (2%) and cotton knitted fabrics and woollen yarn (1% each) declined.
The index for 'Wood & Wood Products’ group declined by 0.7 percent to 148.6 (Provisional) from 149.7 (Provisional) for the previous month due to lower prices of plywood board (2%). However, the prices of veneer wood (1%) moved up.
The index for 'Paper & Paper Products' group rose by 1.1 percent to 124.8 (Provisional) from 123.4 (Provisional) for the previous month due to higher prices of books/ periodicals/ journals (2%) and newsprint and kraft paper & bags (1% each). However, the prices of bristle paper board (1%) declined.
The index for 'Rubber & Plastic Products' group declined by 0.6 percent to 124.0 (Provisional) from 124.8 (Provisional) for the previous month due to lower prices of v belt (17%), rubber moulded goods (13%), other rubber tubes and bus/truck tyre (7% each), other rubber products (2%) and polyester chips (1%). However, the prices of rigid pvc (2%) and polyester film, hdpe woven sacks and reclaimed rubber (1% each) moved up.
The index for 'Chemicals & Chemical Products' group rose by 0.3 percent to 122.9 (Provisional) from 122.5 (Provisional) for the previous month due to higher prices of hair / body oils (8%), vitamins and phenol or phenol extract (6% each), other pesticides (3%), urea (2%) and wax, shaving cream, non-cyclic compound, chlorine, alcohol & mixture, formaldehyde, other organic chemicals, other inorganic chemicals, fatty acid and thermocol (1% each). However, the prices of fatty alcohol (12%), pigment & pigment intermediates and acid (inorganic) (2% each) and bleaching powder (1%) declined.
The index for 'Non-Metallic Mineral Products' group rose by 0.1 percent to 144.4 (Provisional) from 144.3 (Provisional) for the previous month due to higher prices of concrete poles & posts (2%) and white cement (1%).
The index for 'Basic Metals, Alloys & Metal Products' group rose by 0.4 percent to 133.8 (Provisional) from 133.3 (Provisional) for the previous month due to higher prices of silver and locks (3% each), melting scrap, sponge iron, nuts/bolts/screw/ washers and billets (2% each) and wire rods, pencil ingots, pig iron, rails, steel castings, slab, rounds and steel structures (1% each). However, the prices of zinc (2%) declined.
The index for 'Machinery & Machine Tools' group rose by 0.4 percent to 121.0 (Provisional) from 120.5 (Provisional) for the previous month due to higher prices of capacitors (14%), gear cutting machines (8%), other industrial machinery (4%) and lathes and sensors (1% each). However, the prices of electric connectors / plugs /sockets/holders (14%), food/ beverages/tobacco processing machinery (12%) and fluorescent tubes (3%) declined.
The index for 'Transport, Equipment & Parts' group declined by 1.1 percent to 119.5 (Provisional) from 120.8 (Provisional) for the previous month due to lower prices of gear boxes & parts and bus / mini bus / truck (6% each) and radiator & coolers (1%).
FINAL INDEX FOR THE MONTH AUGUST, 2010
For the month of August, 2010 the final Wholesale Price Index for ‘All Commodities’ (Base:2004-05=100) stood at 140.7 as compared to 140.3 (Provisional) and annual rate of inflation based on final index stood at 8.82% as compared to 8.51 percent (Provisional) reported on 14.09.2010.
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