Friday, September 14, 2012

Index Numbers of wholesale Prices in India (Base: 2004-05=100) Review for the Month of August, 2012

The official Wholesale Price Index for ‘All Commodities’ (Base: 2004-05 = 100) for the month August, 2012 rose by 1.1 percent to 166.6 (Provisional) from 164.8 (Provisional) for the previous month.

INFLATION

The annual rate of inflation, based on monthly WPI, stood at 7.55% (Provisional) for the month of August, 2012 (over August, 2011) as compared to 6.87% (Provisional) for the previous month and 9.78% during the corresponding month of the previous year. Build up inflation in the financial year so far was 3.48% compared to a build up of 3.61% in the corresponding period of the previous year.

Inflation for important commodities / commodity groups is indicated in Annex-1 and Annex-II.
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 0.3 percent to 219.5 (Provisional) from 218.8 (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 0.4 percent to 211.4 (Provisional) from 212.2 (Provisional) for the previous month due to lower prices of fruits & vegetables (5%), poultry chicken (4%), fish-marine (2%) and       milk (1%).  However, the prices of arhar (8%), ragi(7%), gram and urad (6% each), moong, coffee and wheat (5% each), bajra, condiments & spices and masur (4% each), egg, tea and fish-inland (3% each), jowar, maize and rice (2 % each) and mutton and barley (1% each) moved up.

The index for `Non-Food Articles` group rose by 3.8 percent to 206.8 (Provisional) from 199.2 (Provisional) for the previous month due to higher prices of castor seed (15%), raw silk (14%), gingelly seed (12%), coir fibre (11%),      rape & mustard seed (9%), cotton seed and linseed (7% each), niger seed and flowers (6%), soyabean (5%), fodder, groundnut seed and sugarcane (4% each), guar seed, logs & timber and raw cotton (3% each), raw jute (2%) and sunflower (1%).  However, the prices of raw rubber (6%), copra (coconut) and mesta (2% each) declined.

The index for `Minerals` group declined by 1.3 percent to 331.3 (Provisional) from 335.8 (Provisional) for the previous month due to lower prices of sillimanite (13%), copper ore (9%), magnesite (7%), zinc concentrate and crude petroleum (3% each), steatite (2%) and chromite(1%).  However, the prices of phosphorite (23%), iron ore (4 %) and barytes (1%) moved up.

FUEL & POWER (Weight 14.91%)

The index for this major group rose by 3.1 percent to 181.0 (Provisional) from 175.5 (Provisional) for the previous month due to higher prices of electricity (agricultural) (23%), electricity (industry) (11%), electricity (domestic) (9 %), electricity (railway traction) (8%),  light diesel oil (7%), electricity (commercial) and naphtha (6%each),      aviation turbine fuel (5%), furnace oil (4%), kerosene (2%) and petrol (1%).

MANUFACTURED PRODUCTS (Weight 64.97%)

The index for this major group rose by 0.8 percent to 146.9 (Provisional) from 145.7 (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 Products` group rose by 3.0 percent to 164.5 (Provisional) from 159.7 (Provisional) for the previous month due to higher prices of sugar (8%), oil cakes and gur (6% each), gram powder (besan), sooji (rawa) and gingelly oil (5% each), wheat flour (atta),khandsari and cotton seed oil (4% each), tea dust (unblended) and maida (3% each), mustard & rapeseed oil, vanaspati and mixed spices (2% each) and gola (cattle feed), groundnut oil, soyabean oil, bakery products, processed prawn and ghee (1% each).  However, the prices of tea leaf (unblended) (1%) declined.


The index for `Textiles` group rose by 0.2 percent to 130.4 (Provisional) from 130.1 (Provisional) for the previous month due to higher prices of man made fibre, jute yarn and cotton fabric (1% each).

The index for `Wood & Wood Products` group rose by 0.3 percent to 169.6 (Provisional) from 169.1 (Provisional) for the previous month due to higher prices of processed wood (1%).

The index for `Paper & Paper Products` group rose by 0.5  percent to 135.2 (Provisional) from 134.5 (Provisional) for the previous month due to higher prices of paper cartons / boxes (6%), newspaper (2%) and paper rolls (1%).  However, the prices of computer stationery (2%) and newsprint (1%) declined.

The index for `Leather & Leather Products` group rose by 0.4 percent to 134.2 (Provisional) from 133.7 (Provisional) for the previous month due to higher prices of  leathers (1%).

The index for `Rubber & Plastic Products` group rose by 0.7 percent to 136.9 (Provisional) from 135.9 (Provisional) for the previous month due to higher prices of plastic products and rubber products (1% each).

The index for `Chemicals & Chemical Products` group rose by 0.6 percent to 143.2 (Provisional) from 142.3 (Provisional) for the previous month due to higher prices of di ammonium phosphate (3%), pigment & pigment intermediates and organic manure (2% each) and synthetic resin, paints, non-cyclic compound, basic organic chemicals, adhesive & gum, ammonium sulphate, basic inorganic chemicals, safety matches/ match box and antibiotics (1% each).  However, the prices of rubber chemicals and distemper (2% each) and polymers (1%) declined.

The index for `Non-Metallic Mineral Products` group rose by 1.1 percent to 164.2 (Provisional) from 162.4 (Provisional) for the previous month due to higher prices of railway sleeper (3%), grey cement (2%) and white cement and polished granite (1% each).  However, the prices of glass bottles & bottleware (1%) declined.

The index for `Basic Metals, Alloys & Metal Products` group rose by 0.1 percent to 166.6 (Provisional) from 166.4 (Provisional) for the previous month due to higher prices of gold & gold ornaments (3%), ferro chrome (2%) and     nuts/bolts/screw/ washers,  steel: pipes & tubes, ferro manganese, zinc and aluminium (1% each). However, the prices of sponge iron (3%), pencil  ingots (2%) and wire rods, melting scrap, gp/gc sheets,  pig iron,     copper products (other than wire) and rounds (1% each) declined.

The index for `Machinery & Machine Tools` group rose by 0.2 percent to 128.1 (Provisional) from 127.9 (Provisional) for the previous month due to higher prices of conductor (6%), lamps, fans and material handling equipments (3% each), harvester, ups / stabilizer, fibre optic cable and electric switches (2% each) and insulators,     electrical wires, electric switch gears, air conditioner & refrigerators, capacitors, thresher and plastic machinery (1 % each).

The index for `Transport, Equipment & Parts` group rose by 0.6 percent to 129.3 (Provisional) from 128.5 (Provisional) for the previous month due to higher prices of auto rickshaw / tempo / matador (3%), tractors (2%) and      parts of ships/boats etc., bus / mini bus / truck and motor cycle / scooter / moped (1% each).

FINAL INDEX FOR THE MONTH OF  JUNE , 2012 (BASE YEAR: 2004-05=100)

For the month of June, 2012, the final Wholesale Price Index for ‘All Commodities’ (Base: 2004-05=100) stood at 164.7as comparedto 164.2 (provisional) and annual rate of inflation based on final index stood at 7.58 percent as compared to  7.25 percent respectively as reported on 16.07.2012.

Next date of press release: 15/10/2012 for the month of September, 2012
Office of Economic Adviser, Ministry of Commerce & Industry, New Delhi,
This press release is available at our home page http://eaindustry.nic.in

Annexure-I
Wholesale Price Index and Rates of Inflation (Base Year: 2004-05=100)






Month of August, 2012
Commodities/Major Groups/Groups/Sub-Groups
Weight
WPI August, 2012
Latest month over month
Build up from March
Year on year
2011-12
2012-13
2011-12
2012-13
2011-12
2012-13
ALL COMMODITIES
100.00000
166.6
0.45
1.09
3.61
3.48
9.78
7.55
PRIMARY ARTICLES
20.11815
219.5
0.61
0.32
5.95
5.63
12.46
10.08
Food Articles
14.33709
211.4
0.47
-0.38
8.21
7.26
9.62
9.14
Cereals
3.37323
196.4
0.74
2.99
2.96
8.93
5.16
10.71
Rice
1.79348
190.7
1.77
1.92
3.53
8.72
5.17
10.29
Wheat
1.11595
190.6
-1.11
4.61
-2.43
10.75
-2.09
12.85
Pulses
0.71662
259.5
1.42
6.27
1.10
23.40
-4.26
34.39
Vegetables
1.73553
219.3
7.55
-4.69
39.15
15.42
13.17
9.98
Potato
0.20150
261.4
8.18
5.62
44.81
106.48
16.13
68.86
Onion
0.17794
194.2
21.85
7.17
36.68
42.79
48.63
-20.67
Fruits
2.10717
187.0
-5.66
-4.45
0.22
6.01
23.35
1.14
Milk
3.23818
206.0
-0.16
-1.39
10.60
2.33
9.41
6.68
Egg, Meat & Fish
2.41384
238.8
1.79
-0.17
7.42
4.10
10.42
13.77
Non-Food Articles
4.25756
206.8
3.18
3.82
-5.02
8.90
18.21
13.75
Fibres
0.87737
223.1
5.79
3.43
-24.01
14.59
36.91
3.53
Oil Seeds
1.78051
207.0
3.27
5.83
6.82
20.84
16.55
28.33
Minerals
1.52350
331.3
-2.52
-1.34
13.16
-7.66
21.54
9.74
FUEL & POWER
14.91021
181.0
0.91
3.13
6.03
1.80
12.91
8.32
Liquefied petroleum gas
0.91468
148.8
0.14
0.07
14.74
1.02
14.74
0.61
Petrol
1.09015
188.7
0.00
0.75
8.70
6.19
23.23
9.45
High speed diesel
4.67020
168.4
0.00
0.36
9.24
0.36
9.32
0.36
MANUFACTURED PRODUCTS
64.97164
146.9
0.29
0.82
2.06
3.02
7.87
6.14
Food Products
9.97396
164.5
0.40
3.01
4.00
6.75
8.41
9.01
Sugar
1.73731
198.5
0.18
7.82
0.23
13.17
6.28
16.15
Edible Oils
3.04293
149.8
1.42
1.56
5.28
5.79
14.72
10.47
Beverages, Tobacco & Tobacco Product
1.76247
171.6
1.24
0.00
6.02
1.96
13.51
4.76
Cotton Textiles
2.60526
145.8
-3.19
0.48
-9.76
3.18
14.80
4.44
Man Made Textiles
2.20573
122.8
-1.09
1.15
-2.95
2.25
5.33
3.63
Wood & Wood Products
0.58744
169.6
-0.62
0.30
6.06
2.91
8.64
5.41
Paper & Paper Products
2.03350
135.2
0.30
0.52
1.70
1.88
4.86
2.66
Leather & Leather Products
0.83509
134.2
-0.31
0.37
3.27
1.90
0.62
3.55
Rubber & Plastic Products
2.98697
136.9
0.23
0.74
0.45
1.71
7.92
2.47
Chemicals & Chemical Products
12.01770
143.2
0.23
0.63
2.86
2.87
8.48
7.67
Non-Metallic Mineral Products
2.55597
164.2
-0.40
1.11
0.88
3.79
3.89
9.76
Cement & Lime
1.38646
172.2
-0.72
1.65
-1.17
5.58
0.33
13.36
Basic Metals Alloys & Metal Product
10.74785
166.6
1.52
0.12
3.91
2.02
12.07
8.11
Iron & Semis
1.56301
163.0
2.18
-1.57
7.13
-1.21
21.90
8.45
Machinery & Machine Tools
8.93148
128.1
0.32
0.16
1.05
1.34
3.15
2.81
Transport Equipment & Parts
5.21282
129.3
0.32
0.62
1.80
2.29
4.44
3.77



Annexure-II








Trend of Rate of Inflation for some important items during last six months








Commodities/Major Groups/Groups/Sub-Groups
Weight (%)
Rate of Inflation for the last six months
Aug-12
July-12
June-12
May-12
Apr-12
Mar-12
100.00
7.55
6.87
7.58
7.55
7.50
7.69
PRIMARY ARTICLES
20.12
10.08
10.39
9.75
10.31
9.55
10.41
Food Articles
14.34
9.14
10.06
10.91
10.63
10.92
10.11
Cereals
3.37
10.71
8.29
6.64
5.62
6.84
4.64
Rice
1.79
10.29
10.12
7.46
4.89
5.98
5.03
Wheat
1.12
12.85
6.67
6.76
6.75
5.97
-0.58
Pulses
0.72
34.39
28.26
20.59
16.77
11.29
10.10
Vegetables
1.74
9.98
24.11
50.12
49.90
61.85
32.59
Potato
0.20
68.86
72.96
84.91
72.17
59.30
18.43
Onion
0.18
-20.67
-9.81
-9.46
-8.05
-11.03
-24.06
Fruits
2.11
1.14
-0.15
-4.93
-6.07
-15.34
-4.39
Milk
3.24
6.68
8.01
7.46
11.90
15.68
15.29
Egg, Meat & Fish
2.41
13.77
16.00
16.69
17.13
17.54
17.40
Non-Food Articles
4.26
13.75
13.05
7.18
8.57
1.40
-0.78
Fibres
0.88
3.53
5.89
-12.72
-16.52
-30.98
-31.35
Oil Seeds
1.78
28.33
25.22
18.47
19.12
16.72
13.44
Minerals
1.52
9.74
8.43
7.58
11.49
15.91
34.48
FUEL & POWER
14.91
8.32
5.98
12.07
11.53
12.10
12.82
Liquefied petroleum gas
0.91
0.61
0.68
11.30
15.36
15.52
14.27
Petrol
1.09
9.45
8.64
11.89
10.51
12.04
12.04
High speed diesel
4.67
0.36
0.00
6.81
9.24
9.24
9.24
MANUFACTURED PRODUCTS
64.97
6.14
5.58
5.37
5.24
5.27
5.16
Food Products
9.97
9.01
6.25
5.91
5.80
6.36
6.20
Sugar
1.74
16.15
7.91
7.13
5.24
3.16
2.87
Edible Oils
3.04
10.47
10.32
9.52
10.37
11.18
9.94
Beverages, Tobacco & Tobacco Product
1.76
4.76
6.06
5.81
8.24
9.41
8.93
Cotton Textiles
2.61
4.44
0.62
-4.79
-7.92
-9.41
-8.66
Man Made Textiles
2.21
3.63
1.34
0.75
-0.33
-1.87
-1.64
Wood & Wood Products
0.59
5.41
4.45
4.42
7.21
8.49
8.64
Paper & Paper Products
2.03
2.66
2.44
2.28
2.05
2.29
2.47
Leather & Leather Products
0.84
3.55
2.85
2.86
4.08
4.26
4.94
Rubber & Plastic Products
2.99
2.47
1.95
2.26
2.18
1.20
1.20
Chemicals & Chemical Products
12.02
7.67
7.23
7.34
7.28
7.10
7.66
Non-Metallic Mineral Products
2.56
9.76
8.12
7.68
6.46
7.25
6.68
Cement & Lime
1.39
13.36
10.72
9.05
6.18
6.87
6.12
Basic Metals Alloys & Metal Product
10.75
8.11
9.62
10.10
10.65
11.12
10.11
Iron & Semis
1.56
8.45
12.58
13.98
16.18
18.48
17.61
Machinery & Machine Tools
8.93
2.81
2.98
2.98
2.50
2.02
2.51
Transport Equipment & Parts
5.21
3.77
3.46
3.55
4.52
3.43
3.27

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