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TMI BlogIndex Numbers of Wholesale Prices in India (Base: 2004-05=100) Review for the month of October, 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 October, 2011. - News and Press Release Dated:- 14-11-2011 - News - Press Information Bureau Government of India Ministry of Commerce Industry 14-November-2011 11:32 IST Index Numbers of Wholesale Prices in India (Base: 2004-05=100) Review for the month of October, 2011 The official Wholesale Price Index for All Commodities (Base: 2004-05 = 100) for the month October, 2011 rose by 0.6 percent to 156.8 (Provisional) from 155.8 (Provisional) for the previous month. INFLATION The annual rate of inflation, based on monthly WPI, stood at 9.73% (Provisional) for the month of October, 2011 (over October, 2010) as compared to 9.72% (Provisional) for the previous month and 9.08% during the corresponding month of the previous year. Build up inflation in the financial year so far was 4.88% compared to a build up of 4.84% 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 20.12%) The index for this major group rose by 1.0 percent to 204.3 (Provisional) from 202.2 (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 2.2 percent to 200.9 (Provisional) from 196.5 (Provisional) for the previous month due to higher prices of fish-inland (12%), gram (10%), condiments spices (6%), fruits vegetables (5 %), egg (3%), urad, masur, rice and arhar (2% each) and ragi, pork, moong, tea and milk (1% each). However, the prices of fish-marine (7%), poultry chicken and bajra (5% each), maize and jowar (4% each), barley and coffee (2% each) and wheat (1%) declined. The index for Non-Food Articles group declined by 3.0 percent to 178.9 (Provisional) from 184.4 (Provisional) for the previous month due to lower prices of safflower (19%), castor seed (12%), soyabean (9%), flowers (8%), sunflower, raw jute, raw cotton and coir fibre (6% each), groundnut seed (4%), raw silk and copra (3% each) and rape mustard seed and niger seed (1% each). However, the prices of gingelly seed (10%), gaur seed and linseed (3%) and fodder (1%) move ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d up. The index for Minerals group rose by 0.3 percent to 307.0 (Provisional) from 306.1 (Provisional) for the previous month due to higher prices of steatite (15%), magnesite (7%), barytes (5%) and crude petroleum (3%). However, the prices of copper ore (12%), chromite (5%), bauxite and zinc concentrate (3% each), manganese ore (2%) and sillimanite and iron ore (1% each) declined. FUEL POWER (Weight 14.91%) The index for this major group rose by 1.0 percent to 170.0 (Provisional) from 168.4 (Provisional) for the previous month due to higher prices of bitumen (5%), furnace oil (4%), naphtha and aviation turbine fuel (3% each), petrol and light diesel oil (2% each) and electricity (agricultural), electricity (domestic), electricity (commercial) and electricity (railway traction) (1% each). However, the prices of electricity (industry) (1%) declined. MANUFACTURED PRODUCTS (Weight 64.97%) The index for this major group rose by 0.4 percent to 139.1 (Provisional) from 138.6 (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 Products group rose by 0.2 p ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ercent to 152.0 (Provisional) from 151.7 (Provisional) for the previous month due to higher prices of powder milk and sunflower oil (3% each), mustard rapeseed oil (2%) and canned fish, oil cakes, khandsari and vanaspati (1% each). However, the prices of tea dust (blended) and groundnut oil (3% each), tea leaf (unblended) (2%) and gur, mixed spices, soyabean oil, sugar confectionary, palm oil and rice bran oil (1% each) declined. The index for Beverages, Tobacco Tobacco Products group declined by 0.7 percent to 162.6 (Provisional) from 163.8 (Provisional) for the previous month due to lower prices of dried tobacco (7%), zarda (3%) and bidi (1%). However, the prices of rectified spirit (2%) moved up. The index for Textiles group declined by 0.3 percent to 126.0 (Provisional) from 126.4 (Provisional) for the previous month due to lower prices of jute sacking cloth (2%) and cotton fabric (1%). However, the prices of man made fibre, tyre cord fabric and woollen textiles (1% each) moved up. The index for Paper Paper Products group rose by 0.6 percent to 132.4 (Provisional) from 131.6 (Provisional) for the previous month due to higher prices of newspap ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... er (8%), paper pulp (7%), printing and writing paper, books/ periodicals/ journals and paper for printing / poster (1% each). However, the prices of corrugated sheet boxes (2%) declined. The index for Leather Leather Products group rose by 0.5 percent to 129.8 (Provisional) from 129.2 (Provisional) for the previous month due to higher prices of leather footwear (1%). However, the prices of leather garments jackets (3 %) and leathers (1%) declined. The index for Rubber Plastic Products group rose by 0.1 percent to 133.5 (Provisional) from 133.4 (Provisional) for the previous month due to higher prices of rubber products (1%). The index for Chemicals Chemical Products group rose by 0.7 percent to 134.4 (Provisional) from 133.5 (Provisional) for the previous month due to higher prices of di ammonium phosphate (6%), turpentine oil (3%), non-cyclic compound, synthetic resin and ammonium sulphate (2%) and adhesive gum, washing soap, hair / body oils, agarbattis and pesticides (1% each). However, the prices of organic manure (2%) and pigment pigment intermediates (1%) declined. The index for Non-Metallic Mineral Products group rose by 1.2 percent t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... o 151.2 (Provisional) from 149.4 (Provisional) for the previous month due to higher prices of slag cement and grey cement (2% each) and bricks tiles (1%). However, the prices of asbestos corrugated sheet and polished granite (1% each) declined. The index for 'Basic Metals, Alloys Metal Products' group rose by 1.0 percent to 155.7 (Provisional) from 154.1 (Provisional) for the previous month due to higher prices of pig iron (4%), hrc and steel castings (3% each), sponge iron, crc, sheets and steel: pipes tubes (2% each) and iron castings, pencil ingots, slab, wire rods, melting scrap, steel rods, rebars, gp/gc sheets, plates and nuts/bolts/screw/ washers (1% each). However, the prices of silver (8%) and ferro chrome, brass and copper products (other than wire) (1% each) declined. The index for Machinery Machine Tools group rose by 0.2 percent to 125.2 (Provisional) from 125.0 (Provisional) for the previous month due to higher prices of microwave oven (7%), pump assembly and t.v.sets (4% each) and hydraulic equipment and control equipments (1% each). However, the prices of air conditioner refrigerators and electrical wires (1% each) declined. The ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... index for Transport, Equipment Parts group rose by 0.4 percent to 124.8 (Provisional) from 124.3 (Provisional) for the previous month due to higher prices of bi-cycles (2%) and motor vehicles and auto parts (1% each). FINAL INDEX FOR THE MONTH OF AUGUST, 2011 (BASE YEAR: 2004-05=100) For the month of August, 2011, both the final index and inflation based on final index for All Commodities remained unchanged at its provisional level of 154.9 and 9.7 percent respectively reported on 14-9-2011. Next date of press release: 14/12/2011 for the month of November, 2011 Office of Economic Adviser, Ministry of Commerce Industry, New Delhi, 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 October, 2011 Commodities/Major Groups/Groups/Sub-Groups Weight WPI Oct., 2011 Latest month over month Build up from March Year on year 2010-11 2011-12 2010-11 2011-12 2010-11 2011-12 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ALL COMMODITIES 100.00000 156.8 0.63 0.64 4.84 4.88 9.08 9.73 PRIMARY ARTICLES 20.11815 204.3 1.44 1.04 10.55 8.55 18.09 11.40 Food Articles 14.33709 200.9 0.56 2.24 10.57 12.23 14.64 11.06 Cereals 3.37323 176.7 -0.18 0.00 1.50 2.55 4.84 4.56 Rice 1.79348 176.4 1.26 1.79 3.31 5.63 5.31 4.56 Wheat 1.11595 166.6 -1.98 -0.83 -2.66 -3.76 3.00 -0.95 Pulses 0.71662 212.8 -1.22 5.35 -2.41 11.41 0.21 9.63 Vegetables 1.73553 236.1 2.32 9.25 46.89 64.76 8.14 21.76 Potato 0.20150 155.3 10.05 -2.76 45.45 45.28 -49.51 1.30 Onion 0.17794 233.4 35.94 -7.78 62.52 30.32 22.27 -16.16 Fruits 2.10717 178.8 4.58 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 0.96 9.68 -3.09 17.08 11.96 Milk 3.23818 196.9 0.06 0.82 5.98 12.77 21.04 11.12 Egg, Meat Fish 2.41384 216.4 -1.99 0.60 11.68 10.75 27.37 12.59 Non-Food Articles 4.25756 178.9 3.42 -2.98 10.51 -6.53 25.74 7.71 Fibres 0.87737 215.2 5.22 -5.45 28.06 -24.12 42.28 11.21 Oil Seeds 1.78051 154.5 0.29 -3.62 2.86 2.32 7.52 10.28 Minerals 1.52350 307.0 3.95 0.29 10.10 15.07 29.38 20.39 FUEL POWER 14.91021 170.0 0.34 0.95 5.71 7.87 11.02 14.79 Liquefied petroleum gas 0.91468 147.3 0.00 0.00 14.99 14.27 15.30 14.27 Petrol 1.09015 181.1 1.14 2.43 9.94 14.19 16.74 27.90 High speed diesel 4.67020 167.8 0.00 0.00 6.15 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 9.24 14.64 9.32 MANUFACTURED PRODUCTS 64.97164 139.1 0.39 0.36 2.38 2.58 5.13 7.66 Food Products 9.97396 152.0 0.43 0.20 -0.49 4.76 3.75 7.80 Sugar 1.73731 172.2 1.00 0.29 -12.09 1.00 -4.38 6.69 Edible Oils 3.04293 135.6 0.17 -0.15 5.18 5.28 6.77 13.09 Beverages, Tobacco Tobacco Product 1.76247 162.6 0.07 -0.73 1.76 5.24 6.41 12.53 Cotton Textiles 2.60526 137.5 1.14 -0.43 6.80 -11.12 15.12 10.80 Man Made Textiles 2.20573 119.5 0.72 0.67 2.86 -2.13 9.10 7.17 Wood Wood Products 0.58744 161.3 -0.27 0.00 1.57 6.33 1.43 8.47 Paper Paper Products 2.03350 132.4 0.00 0.61 5.10 2.24 5.37 5.41 Leather Leather Products 0.83509 129.8 0.00 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 0.46 0.63 3.43 -1.38 1.25 Rubber Plastic Products 2.98697 133.5 0.73 0.07 3.91 0.38 6.20 6.80 Chemicals Chemical Products 12.01770 134.4 0.16 0.67 2.16 3.94 4.95 9.27 Non-Metallic Mineral Products 2.55597 151.2 1.12 1.20 1.40 1.96 2.55 4.28 Cement Lime 1.38646 154.2 0.80 1.92 0.13 0.33 0.80 1.85 Basic Metals Alloys Metal Product 10.74785 155.7 0.65 1.04 5.27 4.99 7.70 11.37 Iron Semis 1.56301 152.7 1.21 2.00 1.37 8.84 6.72 21.67 Machinery Machine Tools 8.93148 125.2 -0.08 0.16 1.26 1.54 3.07 3.47 Transport Equipment Parts 5.21282 124.8 0.25 0.40 1.27 1.96 3.01 4.35 Annexure-II ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 Oct-11 Sep-11 Aug-11 July-11 June-11 May-11 ALL COMMODITIES 100.00 9.73 9.72 9.78 9.36 9.51 9.56 PRIMARY ARTICLES 20.12 11.40 11.84 12.46 11.47 11.31 12.92 Food Articles 14.34 11.06 9.23 9.62 8.19 7.64 8.25 Cereals 3.37 4.56 4.37 5.16 5.20 5.05 5.76 Rice 1.79 4.56 4.02 5.17 2.41 2.86 3.79 Wheat 1.12 -0.95 -2.10 -2.09 1.79 -0.06 -0.42 Pulses 0.72 9.63 2.80 -4.26 -7.48 -9.33 -9.21 Vegetables 1.74 21.76 14.04 13.17 7.79 -6.45 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... -0.66 Potato 0.20 1.30 14.64 16.13 7.03 0.48 0.08 Onion 0.18 -16.16 23.58 48.63 27.15 16.11 8.13 Fruits 2.11 11.96 15.98 23.35 14.82 19.79 27.42 Milk 3.24 11.12 10.28 9.41 10.77 11.52 6.11 Egg, Meat Fish 2.41 12.59 9.69 10.42 9.56 9.88 6.59 Non-Food Articles 4.26 7.71 14.82 18.21 15.77 18.44 21.42 Fibres 0.88 11.21 23.76 36.91 29.66 44.61 56.90 Oil Seeds 1.78 10.28 14.75 16.55 13.93 12.85 12.06 Minerals 1.52 20.39 24.79 21.54 25.84 23.41 29.57 FUEL POWER 14.91 14.79 14.09 12.91 12.04 12.85 12.32 Liquefied petroleum gas 0.91 14.27 14.27 14.74 14.58 12.17 11.31 Petrol 1.09 27.90 26.29 23.23 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 23.23 30.61 27.31 High speed diesel 4.67 9.32 9.32 9.32 9.32 6.58 5.49 MANUFACTURED PRODUCTS 64.97 7.66 7.69 7.87 7.73 7.90 7.43 Food Products 9.97 7.80 8.05 8.41 8.13 8.77 7.85 Sugar 1.74 6.69 7.45 6.28 3.96 7.53 5.53 Edible Oils 3.04 13.09 13.45 14.72 14.76 15.80 15.47 Beverages, Tobacco Tobacco Product 1.76 12.53 13.43 13.51 12.60 12.59 9.74 Cotton Textiles 2.61 10.80 12.55 14.80 18.88 25.45 28.89 Man Made Textiles 2.21 7.17 7.23 5.33 7.16 10.13 10.45 Wood Wood Products 0.59 8.47 8.18 8.64 9.61 9.47 5.29 Paper Paper Products 2.03 5.41 4.78 4.86 6.40 7.79 7.88 Leather Leather Products 0.84 1.25 0.78 0.62 1.01 1.17 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... -0.55 Rubber Plastic Products 2.99 6.80 7.49 7.92 7.76 8.05 8.14 Chemicals Chemical Products 12.02 9.27 8.71 8.48 8.68 8.01 7.50 Non-Metallic Mineral Products 2.56 4.28 4.18 3.89 3.51 4.54 3.59 Cement Lime 1.39 1.85 0.73 0.33 -0.26 2.26 2.04 Basic Metals Alloys Metal Product 10.75 11.37 10.94 12.07 10.64 9.54 8.36 Iron Semis 1.56 21.67 20.73 21.90 19.40 18.80 15.02 Machinery Machine Tools 8.93 3.47 3.22 3.15 3.07 2.99 3.08 Transport Equipment Parts 5.21 4.35 4.19 4.44 3.16 3.00 1.42 DS/GK - 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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