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TMI BlogIndex Numbers of Wholesale Prices in India (Base: 2004-05=100). Review for the month of May, 2011.X 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 May, 2011. - News and Press Release Dated:- 15-6-2011 - News - Press Information Bureau Government of India Ministry of Commerce Industry 14-June-2011 11:41 IST Index Numbers of Wholesale Prices in India (Base: 2004-05=100). Review for the month of May, 2011 The official Wholesale Price Index for 'All Commodities' (Base: 2004-05 = 100) for the month May, 2011 rose by 0.7 percent to 151.7 (Provisional) from 150.6 (Provisional) for the previous month. INFLATION The annual rate of inflation, based on monthly WPI, stood at 9.06% (Provisional) for the month of May, 2011 (over May, 2010) as compared to 8.66% (Provisional) for the previous month and 10.48% during the corresponding month of the previous year. Build up inflation in the financial year so far was 1.47% compared to a buildup of 2.05% 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... for this major group rose by 0.3 percent to 192.1 (Provisional) from 191.6 (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 1.6 percent to 186.5 (Provisional) from 183.5 (Provisional) for the previous month due to higher prices of jowar (10%), barley (8%), bajra (4%), fish-marine, fruits vegetables and milk (3% each), fish-inland, condiments spices and ragi (2% each) and mutton, pork, maize and urad (1% each). However, the prices of poultry chicken and masur (5% each), arhar (3%) and moong, tea, gram and wheat (1% each) declined. The index for 'Non-Food Articles' group declined by 4.4 percent to 184.5 (Provisional) from 192.9 (Provisional) for the previous month due to lower prices of logs timber (17%), raw cotton (16%), fodder (10%), raw silk (7%), raw rubber (5%), sunflower and castor seed (3% each), safflower and gingelly seed (2% each) and gaur seed (1%). However, the prices of flowers (22%), mesta, groundnut seed and rape mustard seed (3% each), raw jute (2%) and copra, coir fibre, soyabean and linseed (1% each) moved up. The index f ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... or 'Minerals' group rose by 1.1 percent to 266.7 (Provisional) from 263.9 (Provisional) for the previous month due to higher prices of zinc concentrate (39%), steatite (17%), magnesite (10%), barytes (4%), iron ore (2%) and bauxite (1%). However, the prices of sillimanite (23%) and chromite (5%) declined. FUEL POWER (Weight 14.91%) The index for this major group rose by 0.3 percent to 160.4 (Provisional) from 159.9 (Provisional) for the previous month due to higher prices of lubricants (5%), petrol, light diesel oil and bitumen (4% each), furnace oil and lignite (2% each) and aviation turbine fuel (1%). However, the prices of coke (6%) declined. MANUFACTURED PRODUCTS (Weight 64.97%) The index for this major group rose by 1.0 percent to 137.2 (Provisional) from 135.8 (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 1.2 percent to 147.5 (Provisional) from 145.8 (Provisional) for the previous month due to higher prices of copra oil, rice bran oil and tea leaf (unblended) (13% each), gur (10%), tea leaf (blended) (7%), groundn ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ut oil and ghee (3% each), cotton seed oil, sunflower oil and palm oil (2% each) and soyabean oil, canned fish, mixed spices and gingelly oil (1% each). However, the prices of tea dust (unblended) (3%), sooji (rawa), sugar and oil cakes (1% each) declined. The index for 'Beverages, Tobacco Tobacco Products' group rose by 0.3 percent to 155.1 (Provisional) from 154.6 (Provisional) for the previous month due to higher prices of dried tobacco (3%), rectified spirit (2%) and IMFL-blended (1%). The index for Textiles group rose by 2.5 percent to 133.8 (Provisional) from 130.6 (Provisional) for the previous month due to higher prices of cotton yarn (6%), cotton fabric (5%), jute sacking bag (4%), gunny and hessian cloth (3%), tyre cord fabric (2%) and jute yarn and man made fabric (1% each). However, the prices of man made fibre, jute sacking cloth and woollen textiles (1% each) declined. The index for 'Wood Wood Products' group rose by 1.7 percent to 154.4 (Provisional) from 151.8 (Provisional) for the previous month due to higher prices of plywood fibre board (3%). The index for 'Paper Paper Products' group rose by 0.5 percent to 130.4 (Provisional) from 129.8 (P ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rovisional) for the previous month due to higher prices of paper cartons / boxes (4%), cream laid woven paper and kraft paper bags (2% each) and newsprint, maplitho paper and paper for printing / poster (1% each). However, the prices of paper rolls (5%) and newspaper (2%) declined. The index for 'Leather Leather Products' group rose by 0.9 percent to 126.5 (Provisional) from 125.4 (Provisional) for the previous month due to higher prices of leather footwear (2%). The index for 'Rubber Plastic Products' group rose by 0.4 percent to 133.6 (Provisional) from 133.1 (Provisional) for the previous month due to higher prices of tubes (2%) and tyres (1%). However, the prices of rubber products (1%) declined. The index for 'Chemicals Chemical Products' group rose by 1.0 percent to 131.3 (Provisional) from 130.0 (Provisional) for the previous month due to higher prices of non-cyclic compound (4%), pigment pigment intermediates (3%), basic inorganic chemicals, agarbattis, di-ammonium phosphate, explosives, basic organic chemicals, ayurvedic medicines and hair / body oils (2% each) and safety matches/ match box, adhesive gum, pesticides, turpentine oil, urea and wa ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... shing powder (1% each). However, the prices of polymers and rubber chemicals (2% each) and dye dye intermediates (1%) declined. The index for 'Non-Metallic Mineral Products' group rose by 0.7 percent to 149.4 (Provisional) from 148.3 (Provisional) for the previous month due to higher prices of asbestos corrugated sheet and slag cement (2% each) and grey cement (1%). However, the prices of white cement (3%) declined. The index for 'Basic Metals, Alloys Metal Products' group rose by 0.6 percent to 149.7 (Provisional) from 148.8 (Provisional) for the previous month due to higher prices of silver (10%), sponge iron (7%), gold gold ornaments and pipes/tubes/rods/strips (4% each), furniture and melting scrap (3% each), steel rods and joist beams (2% each) and copper wire (all types), slab, CRC, billets, pig iron, pencil ingots, steel structures, aluminium, rounds and pressure cooker (1% each). However, the prices of copper / copper ingots and nuts/bolts/screw/ washers (3% each) and steel castings, copper products (other than wire), iron castings, brass, ferro chrome and steel: pipes tubes (1% each) declined. The index for 'Machinery Machine Tools' group rose by ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 0.3 percent to 124.0 (Provisional) from 123.6 (Provisional) for the previous month due to higher prices of UPS / stabilizer (8%), control equipments (6%), lifts, magnets, ball/roller bearing and fibre optic cable (3% each), chemical plant equipments, communication equipments and textile machinery (2% each) and compressors, batteries and industrial valves (1% each). However, the prices of electric motor starters (5%), fluorescent tubes (3%), pump assembly (2%) and computers, electric switch gears, hydraulic equipment and electrical pumps (1% each) declined. The index for 'Transport, Equipment Parts' group rose by 1.8 percent to 124.9 (Provisional) from 122.7 (Provisional) for the previous month due to higher prices of railway brake gear (8%), motor vehicles (5%), tractors (4%), railway axle wheel (3%), auto rickshaw / tempo / matador and auto parts (1% each). However, the prices of bus / mini bus / truck (2%) and bi-cycles (1%) declined. FINAL INDEX FOR THE MONTH OF MARCH, 2011 (BASE YEAR: 2004-05=100) For the month of March, 2011 the final Wholesale Price Index for All Commodities (Base: 2004-05=100) stood at 149.5 as compared to 148.6 (Provisional) and a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nnual rate of inflation based on final index stood at 9.68 percent as compared to 9.04 percent (Provisional) reported on 15.04.2011. Next date of press release: 14/07/2011 for the month of June, 2011 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 May, 2011 Commodities/Major Groups/Groups/Sub-Groups Weight WPI May. 2011 Latest month over month Build up from March Year on year 2010-11 2011-12 2010-11 2011-12 2010-11 2011-12 ALL COMMODITIES 100.00000 151.7 0.36 0.73 2.05 1.47 10.48 9.06 PRIMARY ARTICLES 20.11815 192.1 0.94 0.26 4.04 2.07 20.45 11.30 Food Articles 14.33709 186.5 1.95 1.63 5.20 4.19 21.37 8.37 Cereals 3.37323 173.4 -0.12 0.64 -0.90 0.64 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 7.07 5.09 Rice 1.79348 167.7 0.00 0.42 0.12 0.42 8.28 2.57 Wheat 1.11595 167.9 -0.47 -0.71 -2.72 -3.00 6.39 -0.12 Pulses 0.71662 187.2 1.83 -1.27 3.67 -1.99 24.52 -9.21 Vegetables 1.73553 148.5 4.86 0.88 14.32 3.63 7.48 -1.59 Potato 0.20150 118.1 7.07 7.66 12.05 10.48 -31.42 0.00 Onion 0.17794 153.3 -6.08 -6.18 -18.86 -14.41 -15.04 10.29 Fruits 2.10717 215.0 1.18 3.56 11.95 16.53 22.93 31.90 Milk 3.23818 182.9 0.82 2.46 2.81 4.75 28.38 6.40 Egg, Meat Fish 2.41384 197.0 5.23 1.18 7.55 0.82 45.52 6.43 Non-Food Articles 4.25756 184.5 -0.46 -4.35 0.33 -3.61 14.76 22.35 Fibres 0.87737 245.3 1. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 11 -13.63 2.12 -13.50 15.75 58.98 Oil Seeds 1.78051 154.5 -0.65 1.38 1.10 2.32 2.30 12.20 Minerals 1.52350 266.7 -2.97 1.06 2.94 -0.04 25.34 11.87 FUEL POWER 14.91021 160.4 1.20 0.31 1.93 1.78 14.42 12.32 Liquefied petroleum gas 0.91468 128.9 0.00 0.00 3.30 0.00 3.76 11.31 Petrol 1.09015 165.5 -0.15 4.35 0.93 4.35 17.86 27.31 High speed diesel 4.67020 153.6 0.00 0.00 0.69 0.00 15.83 5.49 MANUFACTURED PRODUCTS 64.97164 137.2 0.00 1.03 1.35 1.18 5.88 7.27 Food Products 9.97396 147.5 -0.36 1.17 -2.96 1.65 7.09 7.27 Sugar 1.73731 169.6 -2.66 -0.76 -12.31 -0.53 18.04 5.34 Edible Oils 3.04293 132.1 0.09 2.32 0.35 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 2.56 -1.29 15.47 Beverages, Tobacco Tobacco Product 1.76247 155.1 -0.21 0.32 1.20 0.39 7.48 7.93 Cotton Textiles 2.60526 157.8 1.25 5.48 4.56 2.00 16.16 29.88 Man Made Textiles 2.20573 122.1 0.18 -0.49 1.57 0.00 9.66 10.90 Wood Wood Products 0.58744 154.4 -0.87 1.71 0.75 1.78 5.73 4.68 Paper Paper Products 2.03350 130.4 -0.41 0.46 2.01 0.69 3.66 6.97 Leather Leather Products 0.83509 126.5 1.10 0.88 0.71 0.80 0.00 -1.40 Rubber Plastic Products 2.98697 133.6 0.82 0.38 2.16 0.45 4.68 8.71 Chemicals Chemical Products 12.01770 131.3 0.00 1.00 1.83 1.55 5.24 7.10 Non-Metallic Mineral Products 2.55597 149.4 0.90 0.74 1.40 0.74 3.87 3.03 Cement Li ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... me 1.38646 155.2 0.40 0.78 0.66 0.98 3.05 1.97 Basic Metals Alloys Metal Product 10.74785 149.7 -0.14 0.60 4.44 0.94 8.36 7.93 Iron Semis 1.56301 143.4 -0.79 1.99 1.13 2.21 4.25 14.54 Machinery Machine Tools 8.93148 124.0 -0.25 0.32 0.59 0.57 2.04 3.16 Transport Equipment Parts 5.21282 124.9 0.00 1.79 1.69 2.04 2.91 4.00 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 May-11 Apr-11 Mar-11 Feb-11 Jan-11 Dec-10 ALL COMMODITIES 100.00 9.06 8.66 9.68 9.54 9.47 9.45 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... PRIMARY ARTICLES 20.12 11.30 12.05 13.44 15.89 18.44 18.37 Food Articles 14.34 8.37 8.71 9.41 10.95 16.68 15.07 Cereals 3.37 5.09 4.30 3.48 3.43 1.76 1.59 Rice 1.79 2.57 2.14 2.27 3.84 3.58 4.01 Wheat 1.12 -0.12 0.12 0.17 -1.28 -3.79 -4.15 Pulses 0.72 -9.21 -6.37 -3.97 -5.24 -13.33 -11.74 Vegetables 1.74 -1.59 2.29 8.56 14.38 66.52 33.61 Potato 0.20 0.00 -0.54 1.42 -10.86 -13.80 -28.57 Onion 0.18 10.29 10.41 4.55 5.17 129.07 74.98 Fruits 2.11 31.90 28.86 26.72 17.48 15.65 17.28 Milk 3.24 6.40 4.69 4.43 12.54 13.77 18.34 Egg, Meat Fish 2.41 6.43 10.69 13.54 12.74 15.69 19.42 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Non-Food Articles 4.26 22.35 27.33 27.35 34.36 26.60 25.45 Fibres 0.88 58.98 86.11 87.69 89.23 56.17 47.13 Oil Seeds 1.78 12.20 9.96 10.87 7.90 3.50 3.28 Minerals 1.52 11.87 7.41 15.20 17.72 16.12 30.58 FUEL POWER 14.91 12.32 13.32 12.49 12.37 11.41 11.26 Liquefied petroleum gas 0.91 11.31 11.31 14.99 14.99 14.99 14.99 Petrol 1.09 27.31 21.81 23.14 28.73 27.37 21.68 High speed diesel 4.67 5.49 5.49 6.22 12.45 14.71 14.71 MANUFACTURED PRODUCTS 64.97 7.27 6.18 7.45 6.26 5.32 5.39 Food Products 9.97 7.27 5.65 2.40 0.00 -0.14 1.41 Sugar 1.74 5.34 3.33 -7.14 -15.43 -14.40 -6.95 Edible Oils 3.04 15.47 12.95 12. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 98 13.01 9.66 5.61 Beverages, Tobacco Tobacco Product 1.76 7.93 7.36 8.80 8.60 9.61 5.69 Cotton Textiles 2.61 29.88 24.67 33.13 26.74 20.71 18.22 Man Made Textiles 2.21 10.90 11.65 12.64 13.60 11.60 11.40 Wood Wood Products 0.59 4.68 2.02 3.62 3.78 4.59 2.12 Paper Paper Products 2.03 6.97 6.05 8.37 7.10 5.68 4.58 Leather Leather Products 0.84 -1.40 -1.18 -1.49 -1.20 -2.53 -1.39 Rubber Plastic Products 2.99 8.71 9.19 10.56 9.60 9.15 7.77 Chemicals Chemical Products 12.02 7.10 6.04 7.39 6.59 5.53 4.99 Non-Metallic Mineral Products 2.56 3.03 3.20 3.71 2.53 2.49 3.01 Cement Lime 1.39 1.97 1.58 1.65 0.47 0.34 1.09 Basic Metals Alloys Metal Prod ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... uct 10.75 7.93 7.13 11.67 11.14 8.47 9.20 Iron Semis 1.56 14.54 11.41 13.33 14.30 8.08 9.37 Machinery Machine Tools 8.93 3.16 2.57 3.18 3.38 3.29 3.48 Transport Equipment Parts 5.21 4.00 2.16 3.64 2.96 2.88 2.74 **** DS - News - Press release - PIB Tax Management 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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