Index Numbers of Wholesale Price in India (Base: 2004-05=100) Review for the month of February, 2016

The official Wholesale Price Index for ‘All Commodities’ (Base: 2004-05=100) for the month of February, 2016 declined by 1.0 percent to 174.0 (provisional) from 175.7 (provisional) for the previous month.

INFLATION

The annual rate of inflation, based on monthly WPI, stood at -0.91% (provisional) for the month of February, 2016 (over February, 2015) as compared to -0.90% (provisional) for the previous month and -2.17% during the corresponding month of the previous year.  Build up inflation rate in the financial year so far was -1.19% compared to a build up rate of -2.61% 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 declined by 3.4 percent to 244.7 (provisional) from 253.3 (provisional) for the previous month.  The groups and items which showed variations during the month are as follows:-

The index for ‘Food Articles’ group declined by 3.2 percent to 259.1 (provisional) from 267.6 (provisional) for the previous month due to lower price of fruits & vegetables (11%), egg (6%), arhar and gram (5% each), coffee and moong (4% each), masur (3%), condiments & spices (2%) and wheat, jowar and fish-inland (1% each).  However, the price of barley (4%), fish-marine (3%), bajra (2%) and pork, ragi, maize and poultry chicken (1% each) moved up.

The index for ‘Non-Food Articles’  group declined by 2.9 percent to 217.9 (provisional) from 224.5 (provisional) for the previous month due to lower price of flowers (18%), gingelly seed, castor seed and niger seed (6% each), rape & mustard seed and guar seed (5% each), raw rubber (4%), raw cotton, linseed and fodder (3% each), copra (coconut) and groundnut seed (2% each) and coir fibre (1%).  However, the price of raw jute and raw silk (2% each) and sunflower (1%) moved up.

The index for ‘Minerals’ group declined by 8.1 percent to 183.0 (provisional) from 199.2 (provisional) for the previous month due to lower price of crude petroleum (11%), iron ore (8%), copper ore and limestone (5% each), sillimanite (4%) and manganese ore (3%).  However, the price of zinc concentrate (21%), magnesite (2%) and chromite and phosphorite      (1% each) moved up.

FUEL & POWER (Weight 14.91%)

The index for this major group declined by 1.2 percent to  169.6 (provisional) from 171.6  (provisional) for the previous month due to lower price of aviation turbine fuel (14%), bitumen (7%), furnace oil (3%) and LPG, petrol and high speed diesel (1% each).

MANUFACTURED PRODUCTS (Weight 64.97%)

The index for this major group rose by 0.3 percent to 153.1 (provisional) from 152.7 (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 0.8 percent to 178.1 (provisional) from 176.7 (provisional) for the previous month due to higher price of vanaspati (5%), sugar (4%), gingelly oil and tea dust (unblended) (3% each) and khandsari,     sunflower oil, palm oil and canned fish (1% each).  However, the price of tea dust (blended) and tea leaf (blended) (4% each), mustard & rapeseed oil (3%), processed prawn, tea leaf (unblended) and powder milk (2% each) and mixed spices and gur (1% each) declined.

The index for ‘Beverages, Tobacco & Tobacco Products’ group rose by 0.4 percent to 207.2 (provisional) from 206.4 (provisional) for the previous month due to higher price of chewing tobacco (scented or not ) and dried tobacco (4% each) and beer (1%).

The index for ‘Textiles’ group rose by 0.1 percent to 139.6 (provisional) from 139.4 (provisional) for the previous month due to higher price of jute yarn (4%), jute sacking cloth (2%) and jute sacking bag, gunny and hessian cloth and cotton yarn (1 % each).  However, the price of tyre cord fabric (1%) declined.

The index for ‘Wood & Wood Products’ group rose by 0.3 percent to 195.9 (provisional) from 195.3 (provisional) for the previous month due to higher price of plywood & fibre board (1%).  However, the price of processed wood (1%) declined.

The index for ‘Paper & Paper Products’ group declined by 0.1 percent to 155.5 (provisional) from 155.7 (provisional) for the previous month due to lower price of corrugated sheet boxes (2%) and printing and writing paper (1%).  However, the price of cream laid woven paper and newsprint (1% each) moved up.

The index for ‘Leather & Leather Products’ group rose by 0.3 percent to 145.2 (provisional) from 144.8 (provisional) for the previous month due to higher price of leathers (1%).

The index for ‘Rubber & Plastic Products’ group declined by 0.1 percent to 145.0 (provisional) from 145.2 (provisional) for the previous month due to lower price of tyres (1%).  However, the price of tubes (2%) moved up.

The index for ‘Chemicals & Chemical Products’ group declined by 0.1 percent to 149.5 (provisional) from 149.7 (provisional) for the previous month due to lower price of ammonium sulphate (4%) and photographic goods, pesticides, rubber chemicals and basic organic chemicals (1% each).  However, the price of lacquer & varnishes (4%), synthetic resin (3%), hair / body oils (2%) and washing powder (1%) moved up.

The index for ‘Non-Metallic Mineral Products’ group declined by 0.5 percent to 177.7 (provisional) from 178.6 (provisional) for the previous month due to lower price of marbles (3%), asbestos corrugated sheet (2%) and railway sleeper, slag  cement and grey cement (1% each).  However, the price of polished granite (1%) moved up.

The index for ‘Basic Metals, Alloys & Metal Products’ group rose by 0.5 percent to 150.4 (provisional) from 149.6 (provisional) for the previous month due to higher price of gold & gold ornaments (7%), steel rods (5%), zinc and pipes/tubes/rods/strips (2% each) and lead, silver, wire rods, ferro silicon and CRC (1% each).  However, the price of steel (5%),     iron castings and pig iron (2% each) and gp/gc sheets, billets, melting scrap, ferro manganese, joist & beams, steel structures and pencil  ingots (1% each) declined.

The index for ‘Machinery & Machine Tools’ group rose by 0.1 percent to 135.1 (provisional) from 134.9 (provisional) for the previous month due to higher price of fibre optic cable (4%), machine tools and grinding /wet coffee machinery (3% each), engines (2%) and ball/roller bearing and earth moving machinery (1% each).  However, the price of industrial  valves (2%) and insulators (1%) declined.

FINAL INDEX FOR THE MONTH OF DECEMBER, 2015 (BASE YEAR: 2004-05=100)

For the month of December, 2015, the final Wholesale Price Index for ‘All Commodities’ (Base: 2004-05=100) stood at 176.8 as compared to 177.4 (provisional) and annual rate of inflation based on final index stood at -1.06 percent as compared to -0.73 percent (provisional) respectively as reported on 14.01.2016.

Next date of press release: 14/04/2016 for the month of March, 2016

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 February, 2016
Commodities/Major Groups/Groups/Sub-Groups	Weight	WPI Feb- 2016	Latest month over month			Build up from March		Year on year
			2014-15		2015-16	2014-15	2015-16	2014-15	2015-16
ALL COMMODITIES	100.00000	174.0	-0.96		-0.97	-2.61	-1.19	-2.17	-0.91
PRIMARY ARTICLES	20.11815	244.7	-0.50		-3.40	0.63	2.38	1.01	1.58
Food Articles	14.33709	259.1	-0.67		-3.18	6.86	3.93	7.83	3.35
Cereals	3.37323	236.1	-0.13		-0.25	1.04	2.16	1.13	1.11
Rice	1.79348	235.2	-0.04		-0.30	3.02	0.68	3.28	-1.63
Wheat	1.11595	221.6	-0.46		-0.85	-1.15	2.83	-2.40	2.78
Pulses	0.71662	356.4	0.51		-3.70	12.74	38.25	14.50	38.84
Vegetables	1.73553	220.2	-11.43		-23.91	14.82	1.57	15.28	-3.34
Potato	0.20150	152.2	-11.11		0.46	-15.68	0.66	-5.20	-6.28
Onion	0.17794	299.4	4.48		-14.06	41.63	-9.95	25.96	-13.22
Fruits	2.10717	236.1	1.73		2.12	11.17	-3.16	16.84	-1.95
Milk	3.23818	251.7	0.04		0.36	7.52	1.78	7.99	1.74
Egg, Meat & Fish	2.41384	298.4	2.52		0.37	2.02	2.86	1.59	3.47
Non-Food Articles	4.25756	217.9	-0.77		-2.94	-5.47	7.55	-5.64	5.88
Fibres	0.87737	210.1	-3.28		-1.68	-19.58	8.63	-22.69	9.54
Oil Seeds	1.78051	210.0	-0.34		-2.46	-2.13	2.74	-0.20	3.65
Minerals	1.52350	183.0	1.98		-8.13	-28.31	-24.78	-29.55	-26.12
FUEL & POWER	14.91021	169.6	-4.13		-1.17	-15.41	-9.79	-14.77	-6.40
Liquefied petroleum gas	0.91468	162.1	-2.46		-1.40	-8.04	-0.37	-8.86	-0.25
Petrol	1.09015	153.7	-4.96		-0.65	-22.58	-6.90	-21.80	-1.03
High speed diesel	4.67020	173.8	-6.13		-0.74	-18.51	-14.47	-17.59	-7.75
MANUFACTURED PRODUCTS	64.97164	153.1	-0.32		0.26	-0.13	-0.52	0.26	-0.58
Food Products	9.97396	178.1	-0.76		0.79	0.89	4.70	1.25	4.40
Sugar	1.73731	185.2	-2.04		3.81	-3.05	6.13	-2.20	4.16
Edible Oils	3.04293	150.2	-0.61		0.40	-0.61	3.73	-0.82	3.16
Beverages, Tobacco & Tobacco Product	1.76247	207.2	0.45		0.39	3.58	1.97	4.06	2.22
Cotton Textiles	2.60526	155.4	-0.50		0.32	-4.24	-1.46	-2.47	-1.58
Man Made Textiles	2.20573	129.1	-0.08		-0.23	-1.93	-2.64	-1.71	-2.49
Wood & Wood Products	0.58744	195.9	0.11		0.31	1.12	3.27	2.99	3.38
Paper & Paper Products	2.03350	155.5	0.07		-0.13	2.57	1.70	3.56	2.71
Leather & Leather Products	0.83509	145.2	-0.42		0.28	-2.74	2.04	-2.34	2.25
Rubber & Plastic Products	2.98697	145.0	-0.40		-0.14	-1.33	-2.23	-0.74	-1.96
Chemicals & Chemical Products	12.01770	149.5	-0.59		-0.13	-1.31	-0.93	-0.79	-0.73
Non-Metallic Mineral Products	2.55597	177.7	0.74		-0.50	5.19	-0.56	5.26	0.85
Cement & Lime	1.38646	173.6	1.34		-0.52	6.03	-2.31	5.20	-0.23
Basic Metals Alloys & Metal Product	10.74785	150.4	-0.61		0.53	-2.39	-7.10	-2.21	-8.07
Iron & Semis	1.56301	132.4	-1.18		-0.75	-4.78	-11.08	-5.02	-12.49
Machinery & Machine Tools	8.93148	135.1	-0.07		0.15	1.50	0.07	1.81	-0.07
Transport Equipment & Parts	5.21282	138.2	0.15		0.00	0.96	0.66	0.96	0.80

 

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
		Feb-16	Jan-16	Dec-15	Nov-15	Oct-15	Sept-15
ALL COMMODITIES	100.00	-0.91	-0.90	-1.06	-2.04	-3.70	-4.59
PRIMARY ARTICLES	20.12	1.58	4.63	4.58	2.15	0.04	-2.29
Food Articles	14.34	3.35	6.02	7.89	5.55	3.33	0.84
Cereals	3.37	1.11	1.24	1.93	0.51	-0.13	-1.02
Rice	1.79	-1.63	-1.38	-1.25	-3.26	-3.40	-3.76
Wheat	1.12	2.78	3.19	3.91	4.44	4.58	3.29
Pulses	0.72	38.84	44.91	55.76	58.09	53.06	38.94
Vegetables	1.74	-3.34	12.52	19.50	13.25	3.17	-8.60
Potato	0.20	-6.28	-17.08	-35.40	-52.87	-58.10	-57.98
Onion	0.18	-13.22	5.51	18.32	44.51	89.52	120.69
Fruits	2.11	-1.95	-2.32	-0.55	-2.59	-4.46	-5.15
Milk	3.24	1.74	1.42	1.78	1.58	1.75	2.16
Egg, Meat & Fish	2.41	3.47	5.69	5.03	0.49	0.46	2.02
Non-Food Articles	4.26	5.88	8.24	7.84	6.33	5.10	2.70
Fibres	0.88	9.54	7.77	2.71	0.10	-2.20	-6.86
Oil Seeds	1.78	3.65	5.90	8.23	6.97	6.66	2.50
Minerals	1.52	-26.12	-17.99	-31.02	-32.95	-33.64	-34.27
FUEL & POWER	14.91	-6.40	-9.21	-9.15	-10.99	-16.32	-17.71
Liquefied petroleum gas	0.91	-0.25	-1.32	-2.51	-5.74	-5.83	-5.45
Petrol	1.09	-1.03	-5.32	-7.90	-9.36	-13.16	-14.78
High speed diesel	4.67	-7.75	-12.76	-13.80	-16.69	-26.21	-28.10
MANUFACTURED PRODUCTS	64.97	-0.58	-1.17	-1.49	-1.42	-1.67	-1.73
Food Products	9.97	4.40	2.79	1.69	1.10	0.46	-0.69
Sugar	1.74	4.16	-1.71	-7.51	-11.22	-13.08	-16.45
Edible Oils	3.04	3.16	2.12	4.68	4.66	4.74	3.35
Beverages, Tobacco & Tobacco Product	1.76	2.22	2.28	2.03	2.23	2.29	2.13
Cotton Textiles	2.61	-1.58	-2.39	-2.51	-3.18	-4.00	-4.52
Man Made Textiles	2.21	-2.49	-2.34	-3.78	-4.26	-5.09	-4.91
Wood & Wood Products	0.59	3.38	3.17	3.28	4.86	4.81	3.91
Paper & Paper Products	2.03	2.71	2.91	2.58	2.38	2.31	2.72
Leather & Leather Products	0.84	2.25	1.54	0.21	-1.16	-1.37	-0.95
Rubber & Plastic Products	2.99	-1.96	-2.22	-2.61	-2.60	-2.78	-2.71
Chemicals & Chemical Products	12.02	-0.73	-1.19	-1.71	-2.02	-1.83	-1.89
Non-Metallic Mineral Products	2.56	0.85	2.12	2.71	2.28	0.45	1.26
Cement & Lime	1.39	-0.23	1.63	3.25	3.22	-0.12	1.04
Basic Metals Alloys & Metal Product	10.75	-8.07	-9.11	-9.23	-8.00	-7.50	-6.74
Iron & Semis	1.56	-12.49	-12.87	-14.16	-13.67	-12.96	-10.90
Machinery & Machine Tools	8.93	-0.07	-0.30	0.22	0.15	0.00	0.07
Transport Equipment & Parts	5.21	0.80	0.95	1.47	1.62	1.32	1.25