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

Press Information Bureau
Government of India
Ministry of Commerce & Industry

14-August-2012 12:1 IST

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

The official Wholesale Price Index for ‘All Commodities’ (Base: 2004-05 = 100) for the month July, 2012 rose by 0.4 percent to 164.8 (Provisional) from 164.2 (Provisional) for the previous month.

INFLATION

The annual rate of inflation, based on monthly WPI, stood at 6.87% (Provisional) for the month of July, 2012 (over July, 2011) as compared to 7.25% (Provisional) for the previous month and 9.36% during the corresponding month of the previous year. Build up inflation in the financial year so far was 2.36% compared to a build up of 3.14% 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 1.1 percent to 218.8 (Provisional) from 216.4 (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 212.2 (Provisional) from 209.2 (Provisional) for the previous month due to higher prices of gram (10%), arhar (8%), bajra (7%), moong (6%), ragi (5%),  urad and       fish-marine (5% each), coffee and condiments & spices (4% each),  masur and rice (3% each), egg, maize and       milk (2% each) and fish-inland, barley and wheat (1% each).  However, the prices of poultry chicken (5%), tea (4 %), jowar (2%) and fruits & vegetables (1%) declined.

The index for 'Non-Food Articles'  group rose by 2.9 percent to 199.2 (Provisional) from 193.5 (Provisional) for the previous month due to higher prices of soyabean (18%), castor seed (13%), gingelly seed (12%), raw cotton and raw jute (9% each), mesta (7%), cotton seed (6%), rape & mustard seed and raw silk (4% each), linseed, flowers and fodder (3 % each), coir fibre and copra (2% each) and sugarcane (1%).  However, the prices of gaur seed (27%), raw rubber (3 %), sunflower (2%) and groundnut seed and niger seed (1% each) declined.

The index for 'Minerals' group declined by 3.4 percent to 335.8 (Provisional) from 347.6 (Provisional) for the previous month due to lower prices of crude petroleum (8%), zinc concentrate and chromite (2% each).  However, the prices of phosphorite (40%), magnesite (14%), copper ore (5%), manganese ore, barytes  and iron ore (2% each) and steatite (1%) moved up.

FUEL & POWER (Weight 14.91%)

The index for this major group declined by 1.5 percent to 175.5 (Provisional) from 178.2 (Provisional) for the previous month due to lower prices of light diesel oil (10%), furance oil (8%), naphtha (7%), aviation turbine fuel (ATF) and petrol (4% each).

MANUFACTURED PRODUCTS (Weight 64.97%)

The index for this major group rose by 0.6 percent to 145.7 (Provisional) from 144.8 (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 1.5 percent to 159.7 (Provisional) from 157.4 (Provisional) for the previous month due to higher prices of oil cakes (9%), tea dust (unblended) (5%), sugar, gingelly oil, gur and sunflower oil (3% each), khandsari, soyabean oil, powder milk and mustard & rapeseed oil (2% each) and cotton seed oil, groundnut oil and bakery products (1% each).  However, the prices of processed prawn (8%), tea dust (blended) and mixed spices (3% each), coffee powder and palm oil (2% each) and copra oil (1%) declined.

The index for 'Beverages, Tobacco & Tobacco Products' group rose by 0.2 percent to 171.6 (Provisional) from 171.2 (Provisional) for the previous month due to higher prices of dried tobacco (4%).

The index for 'Wood & Wood Products' group rose by 1.4 percent to 169.1 (Provisional) from 166.8 (Provisional) for the previous month due to higher prices of  plywood & fibre board (2%) and timber / wooden planks and  processed wood (1% each).

The index for 'Paper & Paper Products' group rose by 0.1 percent to 134.5 (Provisional) from 134.4 (Provisional) for the previous month due to higher prices of computer stationery (2%) and kraft  paper & bags and laminated paper (1 % each).  However, the prices of card board (2%) and paper rolls and paper cartons / boxes (1% each) declined.

The index for ‘Leather & Leather Products' group rose by 0.5 percent to 133.7 (Provisional) from 133.1 (Provisional) for the previous month due to higher prices of leather footwear (1%).  However, the prices of      leather garments & jackets (1%) declined.

The index for 'Rubber & Plastic Products' group rose by 0.1 percent to 135.9 (Provisional) from 135.8 (Provisional) for the previous month due to higher prices of v belt (5%) and plastic/pvc suitcases and expandable polystyrene (2% each).

The index for 'Chemicals & Chemical Products' group rose by 0.7 percent to 142.3 (Provisional) from 141.3 (Provisional) for the previous month due to higher prices of di ammonium phosphate (9%), photographic goods (4 %), paints (3%), pesticides, toilet soap and rubber chemicals (2% each) and pigment & pigment intermediates,     turpentine oil, washing soap, hair / body oils, polymers, shampoo, basic inorganic chemicals, organic manure and ammonium sulphate (1% each).  However, the prices of synthetic resin (7%), non-cyclic compound (3%),     distemper (2%) and safety matches/ match box (1%) declined.

The index for 'Non-Metallic Mineral Products' group rose by 1.6 percent to 162.4 (Provisional) from 159.9 (Provisional) for the previous month due to higher prices of grey cement (3%), glass bottles & bottleware (2%) and     bricks & tiles (1%).  However, the prices of marbles (2%) and lime (1%) declined.

The index for 'Machinery & Machine Tools' group rose by 0.7 percent to 127.9 (Provisional) from 127.0 (Provisional) for the previous month due to higher prices of hydraulic equipment (9%), electric generators (6%),     electric motors (5%), pvc insulated cable, textile machinery, machine tools, capacitors and electric motor starters (2 % each) and electric switches, thresher, electrical wires, chemical plant equipments, material handling equipments and plastic machinery (1% each).  However, the prices of ups / stabilizer (2%) and fibre optic cable, electric switch gears, fluorescent tubes, ball/roller bearing and electronic pcb /micro circuit (1% each) declined.

The index for 'Transport, Equipment & Parts' group rose by 0.5 percent to 128.5 (Provisional) from 127.8 (Provisional) for the previous month due to higher prices of shafts (all kinds) and railway  axle & wheel (2% each) and motor vehicles, auto parts and bi-cycles (1% each).

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

For the month of May, 2012, both the final index and inflation based on final Wholesale Price Index for ‘All Commodities’ (Base: 2004-05=100) remained unchanged at its provisional level of 163.9 and 7.55 percent respectively as reported on 14.06.2012.

Next date of press release: 14/09/2012 for the month of August, 2012

Annexure-I

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

DS/GK