Index Numbers of Wholesale Prices in India (Base: 2004-05=100) Review for the month of June, 2012

Press Information Bureau

Government of India

Ministry of Commerce & Industry

16-July-2012 12:00 IST

The official Wholesale Price Index for ‘All Commodities’ (Base: 2004-05 = 100) for the month June, 2012 rose by 0.2 percent to 164.2 (Provisional) from 163.9 (Provisional) for the previous month.

INFLATION

The annual rate of inflation, based on monthly WPI, stood at 7.25% (Provisional) for the month of June, 2012 (over June, 2011) as compared to 7.55% (Provisional) for the previous month and 9.51% during the corresponding month of the previous year. Build up inflation in the financial year so far was 1.99% compared to a build up of 2.41 % 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 0.1 percent to 216.4 (Provisional) from 216.1 (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 rose by 1.4 percent to 209.2 (Provisional) from 206.3 (Provisional) for the previous month due to higher prices of poultry chicken (7%), gram (6%), masur (4%), fruits & vegetables,  egg, arhar, rice and pork (2% each) and tea, milk, wheat and mutton (1% each).However, the prices of barley (6%), jowar, condiments & spices and ragi (2% each) and moong and bajra (1% each) declined.

The index for 'Non-Food Articles' group declined by 2.6 percent to 193.5 (Provisional) from 198.6 (Provisional) for the previous month due to lower prices of gaur seed (28%), logs & timber (9%), gingelly seed (4%), raw rubber (3%), raw cotton (2%) and linseed, flowers and groundnut seed (1% each). However, the prices of raw jute (5%), niger seed and raw silk (4% each), soyabean (3%), sunflower (2%) and mesta, safflower, coir fibre and castor seed (1% each) moved up.

The index for 'Minerals' group declined by 2.6 percent to 347.6 (Provisional) from 357.0 (Provisional) for the previous month due to lower prices of copper ore (16%), barytes (3%), crude petroleum (2%).  However, the prices of magnesite (5%),  manganese ore (4%), zinc concentrate (2%) and iron ore (1%) moved up.

FUEL & POWER (Weight 14.91%)

The index for this major group declined by 0.4 percent to 178.2 (Provisional) from 178.9 (Provisional) for the previous month due to lower prices of  light diesel oil (7%), aviation turbine fuel and furnace oil (6% each) and naphtha (4%).  However, the prices of petrol (7%) moved up.

MANUFACTURED PRODUCTS (Weight 64.97%)

The index for this major group rose by 0.3 percent to 144.8 (Provisional) from 144.3 (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 0.2 percent to 157.4 (Provisional) from 157.1 (Provisional) for the previous month due to higher prices of gur, tea dust (blended) and cotton seed oil (6% each), tea leaf (unblended) and processed prawn (3% each), gola (cattle feed) (2%) and palm oil, khandsari, oil cakes, rice bran oil, tea dust (unblended) and sunflower oil (1% each).  However, the prices of wheat flour ( atta) and sooji ( rawa ) (3% each),     tea leaf (blended) and gingelly oil (2% each) and soyabean oil, groundnut oil, mixed spices and bakery products (1 % each) declined.

The index for 'Beverages, Tobacco & Tobacco Products' group rose by 0.7 percent to 171.2 (Provisional) from 170.0 (Provisional) for the previous month due to higher prices of dried tobacco (3%),  bidi (2%) and chewing tobacco (scented or not ) (1%).

The index for 'Textiles' group rose by 0.7 percent to 130.1 (Provisional) from 129.2 (Provisional) for the previous month due to higher prices of  jute yarn (3%) and man made fabric, jute sacking bag,  man made fibre and  cotton yarn (1% each).  However, the prices of gunny and hessian cloth (1%) declined.

The index for 'Paper & Paper Products' group rose by 0.2 percent to 134.4 (Provisional) from 134.1 (Provisional) for the previous month due to higher prices of newsprint (2%).  However, the prices of computer stationery (1%) declined.

The index for 'Leather & Leather Products' group rose by 0.4 percent to 133.1 (Provisional) from 132.6 (Provisional) for the previous month due to higher prices of leather footwear (1%).

The index for 'Rubber & Plastic Products' group rose by 0.3 percent to 135.8 (Provisional) from 135.4 (Provisional) for the previous month due to higher prices of plastic/pvc pipes(3%) and polyester film (2%).

The index for 'Chemicals & Chemical Products' group rose by 0.4 percent to 141.3 (Provisional) from 140.7 (Provisional) for the previous month due to higher prices of explosives (6%), non-cyclic compound and basic inorganic chemicals (2% each) and di ammonium phosphate, dye & dye intermediates,  ammonium sulphate, safety  matches/ match box,  ayurvedic medicines, distemper, photographic goods, hair / body oils and pesticides (1% each).  However, the prices of turpentine oil, basic organic chemicals, polymers and antacid and  digestive preparations (1 % each) declined.

The index for 'Non-Metallic Mineral Products' group declined by 0.2 percent to 159.9 (Provisional) from 160.2 (Provisional) for the previous month due to lower prices of railway sleeper, white cement and grey cement (1%).  However, the prices of glass bottles & bottleware and asbestos corrugated sheet (2% each) and bricks & tiles and slag cement (1% each) moved up.

The index for 'Basic Metals, Alloys & Metal Products' group rose by 0.4 percent to 166.4 (Provisional) from 165.8 (Provisional) for the previous month due to higher prices of steel: pipes & tubes (3%), gold & gold ornaments, brass, rails and furniture (2% each) and pencil  ingots, slab, pipes/tubes/rods/strips, ferro  manganese and aluminium (1% each).  However, the prices of melting scrap (2%) and angles, copper wire (all types), gp/gc sheets, wire rods and silver (1% each) declined.

The index for 'Machinery & Machine Tools' group rose by 0.3 percent to 127.0 (Provisional) from 126.6 (Provisional) for the previous month due to higher prices of electronic pcb /micro circuit (4%), insulators and microwave oven (3% each), electric motors, electric switch gears and air conditioner & refrigerators (2% each) and boiler & accessories, machine tools, lamps, electrical pumps and electric generators (1% each).  However, the prices of thresher (5%), textile machinery (3%) and fluorescent tubes, electric switches and ball/roller bearing (1% each) declined.

The index for 'Transport, Equipment & Parts' group rose by 0.6 percent to 127.8 (Provisional) from 127.1 (Provisional) for the previous month due to higher prices of motor vehicles, parts of ships/boats etc. and auto parts (1% each). However, the prices of  tractors (1%) declined.

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

For the month of April, 2012 the final Wholesale Price Index for ‘All Commodities’ (Base: 2004-05=100) stood at 163.5 as compared to 163.1 (Provisional) and annual rate of inflation based on final index stood at 7.50 percent as compared to 7.23 percent (Provisional) reported on 14.05.2012.

Next date of press release: 14/08/2012 for the month of July, 2012

Office of Economic Adviser, Ministry of Commerce & Industry, New Delhi, 

Annexure-I

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

DS/GK