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TMI BlogIndex Numbers of Wholesale Prices in India (Base: 2004-05=100) Review for the month of December, 2010X X X X Extracts X X X X X X X X Extracts X X X X ..... Index Numbers of Wholesale Prices in India (Base: 2004-05=100) Review for the month of December, 2010 - News and Press Release Dated:- 14-1-2011 - News - The official Wholesale Price Index for 'All Commodities' (Base: 2004-05=100) for the month of December, 2010 rose by 1.3 percent to 144.1 (Provisional) from 142.3 (Provisional) for the previous month. INFLATION The annual rate of inflation, based on monthly WPI, stood at 8.43% (Provisional) for the month of December, 2010 (over December, 2009) as compared to 7.48% (Provisional) for the previous month and 6.92% during the corresponding month of the previous year. Build up inflation in the financial year so far was 6.11% compared to a build up of 7.87% in the corresponding period of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the previous year. Inflation for important commodities / commodity groups is indicated below. 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 3.5 percent to 188.9 (Provisional) from 182.6 (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 3.7 percent to 186.9 (Provisional) from 180.2 (Provisional) for the previous month due to higher prices of fruits vegetables and condiments spices (11% each), barley and poultry chicken (4% each), bajra (3%), gram, maize, jowar and fish-inland (2% each) and bee ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... f buffalo meat, mutton, milk, moong, ragi and pork (1% each). However, the prices of masur (5%), arhar (4%), urad and egg (2% each) and fish-marine (1%) declined. The index for 'Non-Food Articles' group rose by 2.3 percent to 171.6 (Provisional) from 167.7 (Provisional) for the previous month due to higher prices of raw silk (13%), sunflower (10%), logs timber (9%), jasmine (8%), copra and rose (7% each), soyabean (6%), castor seed (4%), coir fibre, raw cotton, raw jute, marigold and niger seed (3% each), raw rubber and gingelly seed (2 % each) and rape mustard seed (1%). However, the prices of fodder (2%) and cotton seed and groundnut seed (1% each) declined. The index for 'Minerals' group rose by 3.4 percent to 255.5 (Provi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... sional) from 247.1 (Provisional) for the previous month due to higher prices of zinc concentrate (15%), copper ore (13%), magnesite (8%), gypsum (7%), barytes (3%) and iron ore, crude petroleum and limestone (2% each). However, the prices of bauxite (6%), sillimanite (3%) and chromite (1%) declined. FUEL POWER (Weight 14.91%) The index for this major group rose by 1.0 percent to 150.1 (Provisional) from 148.6 (Provisional) for the previous month due to higher prices of light diesel oil and furnace oil (6% each), aviation turbine fuel, naphtha and bitumen (5% each) and petrol (3%). MANUFACTURED PRODUCTS (Weight 64.97%) The index for this major group rose by 0.4 percent to 128.9 (Provisional) from 128.4 (Provisional) for ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 142.7 (Provisional) from 141.5 (Provisional) for the previous month due to higher prices of wheat bran (4%), bagasse, vanaspati, soyabean oil and sunflower oil (3% each), salt, rice bran oil, sugar, wheat flour (atta) and copra oil (2% each) and ice cream, molasses, khandsari and palm oil (1% each). However, the prices of groundnut oil cake (3%), gur, vegetables seeds and rice bran extraction (2% each) and tea leaf (unblended), mixed spices, butter, canned fish, canned meat and ghee (1% each) declined. The index for 'Beverages, Tobacco Tobacco Products' group decli ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ned by 0.1 percent to 144.4 (Provisional) from 144.5 (Provisional) for the previous month due to lower prices of dried tobacco (1%). However, the prices of non-alcoholic beverages (all types) (1%) moved up. The index for 'Textiles' group rose by 1.4 percent to 118.9 (Provisional) from 117.3 (Provisional) for the previous month due to higher prices of coir mats matting (13%), woollen yarn (6%), cotton yarn (unbleached) (5%), cotton yarn (dyed) (4%), polyester yarn (3%), cotton towel cloth, viscose yarn, gunny and hessian cloth and finished / processed cotton yarn (not knitted) (2% each) and nylon yarn, synthetic yarn, acrylic yarn, jute sacking bag, cotton textiles dyed/printed, polyester staple fibre, viscose staple fibre, texturised a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nd twisted yarn, jute sacking cloth and woollen shawls (1% each). The index for 'Wood Wood Products' group rose by 1.8 percent to 150.8 (Provisional) from 148.2 (Provisional) for the previous month due to higher prices of plywood board (5%) and sawn timber posts / squares (1%). The index for 'Paper Paper Products' group declined by 0.1 percent to 125.6 (Provisional) from 125.7 (Provisional) for the previous month due to lower prices of newspaper (3%) and bristle paper board (1%). However, the prices of maplitho paper, laminated paper and books/ periodicals/ journals (1% each) moved up. The index for 'Leather Leather Products' group rose by 0.1 percent to 128.0 (Provisional) from 127.9 (Provisional) for the previous month due t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... o higher prices of chrome tanned leather (1%). The index for 'Rubber Plastic Products' group rose by 0.1 percent to 125.1 (Provisional) from 125.0 (Provisional) for the previous month due to higher prices of rubber moulded goods (6%), plastic/pvc chappals and rubber brakes (2% each) and plastic/ ldpe/polythene bag, tractor tyre and reclaimed rubber (1% each). However, the prices of hdpe woven sacks (3%) and hdpe bag and polyester film (1% each) declined. The index for 'Chemicals Chemical Products' group rose by 0.4 percent to 123.5 (Provisional) from 123.0 (Provisional) for the previous month due to higher prices of fatty alcohol (29%), polyol (6%), formaldehyde (5%), petrochemical building blocks, carbon disulphide and chlorine (3 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... % each), caustic soda soda ash, non-cyclic compound, titanium dioxide and aromatic chemicals (2% each) and ink, fatty acid, additives, organic solvent, hair / body oils, di-calcium phosphate, dye dye intermediates, sodium salt and turpentine oil (1% each). However, the prices of synthetic resin (3%) and phenol / phenol extract, alumina aluminium salt, acid (inorganic) and other inorganic chemicals (1% each) declined. The index for 'Non-Metallic Mineral Products' group declined by 0.1 percent to 144.4 (Provisional) from 144.5 (Provisional) for the previous month due to lower prices of grey cement, fibre glass glass sheet and polished granite (1% each). The index for 'Basic Metals, Alloys Metal Products' group rose by 0.3 perc ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ent to 134.5 (Provisional) from 134.1 (Provisional) for the previous month due to higher prices of crc (7%), silver (6%), nuts/bolts/screw/ washers (4%), cylinder liners, iron steel wire and gold gold ornaments (2% each) and pig iron, melting scrap, sponge iron, aluminium alloys and non-ferrous casting forging (1% each). However, the prices of zinc (5%) and hrc, cylinder and wire rods (1 % each) declined. The index for 'Transport, Equipment Parts' group rose by 0.1 percent to 119.7 (Provisional) from 119.6 (Provisional) for the previous month due to increase in prices of tractor (0.4%) and motor cycle / scooter / moped (0.3%). However, there were decline in prices of piston compressor and engine assembly chassis (1% ea ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ch). FINAL INDEX FOR THE MONTH OF OCTOBER, 2010 (BASE YEAR: 2004-05=100) For the month of October, 2010 the final Wholesale Price Index for 'All Commodities' (Base: 2004-05=100) stood at 142.4 as compared to 141.7 (Provisional) and annual rate of inflation based on final index stood at 9.12 percent as compared to 8.58 percent (Provisional) reported on 15.11.2010. Next date of press release: 14/02/2011 for the month of January, 2011 Wholesale Price Index and Rates of Inflation (Base Year: 2004-05=100) Month of December, 2010 Commodities/Major Groups/Groups/Sub-Groups Weight WPI Dec. 2010 Latest month over month Build up from March Ye ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ar on year 2009-10 2010-11 2009-10 2010-11 2009-10 2010-11 ALL COMMODITIES 100.00000 144.1 0.38 1.26 7.87 6.11 6.92 8.43 PRIMARY ARTICLES 20.11815 188.9 0.37 3.45 19.44 13.86 17.96 16.46 Food Articles 14.33709 186.9 -0.06 3.72 21.39 14.24 20.76 13.55 Cereals 3.37323 169.2 2.10 0.48 12.74 1.62 16.45 -0.41 Rice 1.79348 166.4 1.17 0.36 8.87 1.90 12.44 1.16 Wheat 1.11595 171.6 3.91 0.12 19.97 -0.69 22.99 -5.09 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Pulses 0.71662 189.0 1.97 -0.84 33.31 -4.98 32.07 -10.89 Vegetables 1.73553 224.9 -6.15 22.90 54.91 70.38 17.04 24.94 Potato 0.20150 176.3 -18.22 16.29 132.66 67.27 127.37 -26.57 Onion 0.17794 391.1 6.77 34.86 29.25 128.31 17.68 45.82 Fruits 2.10717 163.8 -0.37 0.06 10.39 12.50 12.12 20.44 Milk 3.23818 178.5 0.20 0.79 12.77 6.76 21.87 18.21 Egg, Meat Fish 2.41384 195.9 1.29 0.67 29.37 13.83 29.37 19.23 Non- ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Food Articles 4.25756 171.6 3.09 2.33 12.42 14.17 10.47 22.31 Fibres 0.87737 201.2 5.43 4.09 19.30 33.16 8.56 34.49 Oil Seeds 1.78051 140.9 2.23 2.10 7.60 3.45 6.84 2.55 Minerals 1.52350 255.5 -1.57 3.40 19.18 10.32 12.35 27.69 FUEL POWER 14.91021 150.1 0.22 1.01 9.67 7.14 4.57 11.19 Liquefied petroleum gas 0.91468 128.9 0.27 0.00 0.45 14.99 -7.20 14.99 Petrol 1.09015 147.6 0.00 2.93 9.97 14.60 -2.26 21.68 Hi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... gh speed diesel oil 4.67020 153.6 0.00 0.00 6.52 6.22 -0.15 14.71 MANUFACTURED PRODUCTS 64.97164 128.9 0.49 0.39 3.35 2.63 3.61 4.46 Food Products 9.97396 142.7 1.07 0.85 15.52 0.71 19.30 0.35 Sugar 1.73731 167.3 0.87 2.07 45.99 -8.88 68.97 -9.91 Edible Oils 3.04293 122.0 1.93 1.41 2.11 7.02 -3.26 5.26 Beverages, Tobacco Tobacco Product 1.76247 144.4 0.59 -0.07 4.42 1.69 6.53 5.32 Cotton Textiles 2.60526 127.1 2.58 2.01 8.05 9 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... .38 9.00 14.09 Man Made Textiles 2.20573 113.4 0.59 1.16 2.60 4.61 1.08 10.53 Wood Wood Products 0.58744 150.8 0.21 1.75 6.19 3.01 10.53 3.36 Paper Paper Products 2.03350 125.6 1.01 -0.08 3.09 5.10 2.74 4.49 Leather Leather Products 0.83509 128.0 -0.46 0.08 4.26 0.47 5.88 -1.23 Rubber Plastic Products 2.98697 125.1 0.42 0.08 2.07 3.99 1.98 5.66 Chemicals Chemical Products 12.01770 123.5 0.94 0.41 1.89 2.57 1.46 4.40 Non-Metallic M ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ineral Products 2.55597 144.4 -0.99 -0.07 0.65 0.98 5.77 3.59 Cement Lime 1.38646 150.2 -1.35 -1.18 -0.88 -0.66 5.70 2.53 Basic Metals Alloys Metal Product 10.74785 134.5 -0.48 0.30 -1.97 4.34 -6.03 7.95 Iron Semis 1.56301 125.9 -0.69 0.72 -7.17 1.70 -7.69 9.29 Machinery Machine Tools 8.93148 121.1 0.00 0.00 0.08 1.34 0.34 2.80 Transport Equipment Parts 5.21282 144.1 0.38 1.26 7.87 6.11 6.92 8.43 DS/MRS - News - Press release - PIB Tax Managem ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ent India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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