Index Numbers of Wholesale Prices in India (Base: 2004-05=100) Review for the month of December, 2011 .

Press Information Bureau
Government of India
Ministry of Commerce & Industry

16-January-2012 12:09 IST

Index Numbers of Wholesale Prices in India (Base: 2004-05=100) Review for the month of December, 2011

The official Wholesale Price Index for ‘All Commodities’ (Base: 2004-05 = 100) for the month December, 2011 remained unchanged at its previous month level of 156.9 (Provisional).

INFLATION

The annual rate of inflation, based on monthly WPI, stood at 7.47% (Provisional) for the month of December, 2011 (over December, 2010) as compared to 9.11% (Provisional) for the previous month and 9.45% during the corresponding month of the previous year. Build up inflation in the financial year so far was 4.95% compared to a build up of 7.12% 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 1.6 percent to 197.9 (Provisional) from 201.1 (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 3.1 percent to 190.8 (Provisional) from 196.9 (Provisional) for the previous month due to lower prices of fruits & vegetables (13%), condiments & spices (6%), urad (5%), poultry chicken   (3%),  tea (2%) and jowar, rice, arhar, ragi and barley (1% each).  However, the prices of pork (8%), fish-marine   (5%), maize (3%), bajra, egg, beef & buffalo meat, mutton and masur (2% each) and gram, coffee, wheat and milk (1% each) moved up

The index for 'Non-Food Articles' group rose by 1.3 percent to 178.6 (Provisional) from 176.3 (Provisional) for the previous month due to higher prices of gaur seed (20%), flowers (14%), linseed (8%), soyabean (6%), rape & mustard seed (5%), raw silk (4%), sunflower and raw rubber (3% each), safflower, groundnut seed and niger seed (2% each) and       gingelly seed and fodder (1% each).  However, the prices of cotton seed (6%), castor seed (4%), coir fibre, raw cotton and raw jute (3% each) and copra (1%) declined.

The index for 'Minerals' group rose by 2.6 percent to 318.5 (Provisional) from 310.5 (Provisional) for the previous month due to higher prices of sillimanite (50%),  barytes (6%), iron ore and bauxite (4% each), dolomite and crude petroleum (3 % each) and magnesite (1%).  However, the prices of steatite (7%) and copper ore (4%) declined.

FUEL & POWER (Weight 14.91%)

The index for this major group rose by 0.6 percent to 172.6 (Provisional) from 171.6 (Provisional) for the previous month due to higher prices of naphtha (5%), aviation turbine fuel, light diesel oil and bitumen (4% each) and furnace oil (3%).  However, the prices of petrol (3%) declined.

MANUFACTURED PRODUCTS (Weight 64.97%)

The index for this major group rose by 0.6 percent to 140.6 (Provisional) from 139.8 (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 Products' group rose by 0.7 percent to 152.9 (Provisional) from 151.8 (Provisional) for the previous month due to higher prices of processed prawn (9%), canned fish (6%), salt (5%), gingelly oil (3%), sugar, mustard & rapeseed oil, groundnut oil and khandsari (2% each) and palm oil, vanaspati, soyabean oil and powder milk (1% each).  However, the prices of  gur (5%), oil cakes and mixed spices (3% each), tea dust (blended) and tea leaf (unblended) (2 % each) and copra oil, wheat flour (atta), ghee and coffee powder (1% each) declined.

The index for 'Beverages, Tobacco & Tobacco Products' group rose by 0.2 percent to 164.0 (Provisional) from 163.6 (Provisional) for the previous month due to higher prices of rectified spirit (2%) and cigarette and bidi (1%each).  However, the prices of dried tobacco (2%) and soft drinks & carbonated water (1%) declined.

The index for 'Textiles' group declined by 0.3 percent to 126.1 (Provisional) from 126.5 (Provisional) for the previous month due to lower prices of jute sacking bag, cotton yarn, gunny and hessian cloth and man made fibre (1% each).  However, the prices of tyre cord fabric (3%) and cotton fabric and jute yarn (1% each) moved up.

The index for 'Wood & Wood Products' group rose by 1.1 percent to 162.9 (Provisional) from 161.2 (Provisional) for the previous month due to higher prices of plywood & fibre board (2%).

The index for 'Paper & Paper Products' group declined by 0.3 percent to 132.2 (Provisional) from 132.6 (Provisional) for the previous month due to lower prices of paper for printing / poster and printing and writing paper (1% each).  However, the prices of card board (1%) moved up.

The index for 'Leather & Leather Products' group rose by 1.2 percent to 131.5 (Provisional) from 129.9 (Provisional) for the previous month due to higher prices of leather garments & jackets (3%) and leather footwear and leathers (1% each).

The index for 'Chemicals & Chemical Products' group rose by 1.0 percent to 136.4 (Provisional) from 135.0 (Provisional) for the previous month due to higher prices of  di ammonium phosphate (5%), paints (4%), rubber chemicals (3%),     pigment & pigment intermediates and ammonium sulphate (2% each) and turpentine oil, urea, polymers, lacquer & varnishes, pesticides, thermocol, washing soap, organic manure, dye & dye intermediates and basic organic chemicals (1 % each).  However, the prices of synthetic resin (1%) declined.

The index for 'Non-Metallic Mineral Products' group rose by 2.0 percent to 155.7 (Provisional) from 152.6 (Provisional) for the previous month due to higher prices of grey cement (4%) and bricks & tiles (1%).  However, the prices of slag  cement (3%) declined.

The index for 'Basic Metals, Alloys & Metal Products' group rose by 0.9 percent to 159.5 (Provisional) from 158.1 (Provisional) for the previous month due to higher prices of gold & gold ornaments (4%), sponge iron and pencil  ingots   (3% each), furniture and slab (2% each) and steel rods, silver, utensils (other than aluminium), iron castings,     pipes/tubes/rods/strips, steel castings, brass, aluminium and wire rods (1% each).  However, the prices of  gp/gc sheets and metal containers (1% each) declined.

The index for 'Transport, Equipment & Parts' group rose by 0.1 percent to 125.3 (Provisional) from 125.2 (Provisional) for the previous month due to higher prices of trolleys/tanker, gear boxes & parts and wheels & parts (1% each).

FINAL INDEX FOR THE MONTH OF OCTOBER, 2011 (BASE YEAR: 2004-05=100)

For the month of October, 2011 the final Wholesale Price Index for ‘All Commodities’ (Base: 2004-05=100) stood at 157.0 as compared to 156.2 (Provisional) and annual rate of inflation based on final index stood at 9.87 percent as compared to 9.73 percent (Provisional) reported on 14.11.2011.

Next date of press release: 14/02/2012 for the month of January, 2012.

Annexure-I

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

DS/GK