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TMI BlogIndex Numbers of Wholesale Prices in India (Base: 2004-05=100) Review for the month of February, 2012 .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 February, 2012 . - News and Press Release Dated:- 14-3-2012 - News - Press Information Bureau Government of India Ministry of Commerce Industry 14-March-2012 11:44 IST Index Numbers of Wholesale Prices in India (Base: 2004-05=100) Review for the month of February, 2012 The official Wholesale Price Index for All Commodities (Base: 2004-05 = 100) for the month February, 2012 rose by 0.4 percent to 158.4 (Provisional) from 157.7 (Provisional) for the previous month. INFLATION The annual rate of inflation, based on monthly WPI, stood at 6.95% (Provisional) for the month of February, 2012 (over February, 2011) as compared to 6.55% (Provisional) for the previous month and 9.54% during the corresponding month of the previous year. Build up inflation in the financial year so far was 5.95% compared to a build up of 8.66% 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 (Weig ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ht 20.12%) The index for this major group rose by 0.9 percent to 201.5 (Provisional) from 199.7 (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 0.5 percent to 192.3 (Provisional) from 191.4 (Provisional) for the previous month due to higher prices of ragi (4%), barley and fruits vegetables (3% each), maize (2%) and fish-marine, beef buffalo meat, tea, poultry chicken and fish-inland (1% each). However, the prices of condiments spices (5%), jowar and egg (3% each), arhar and masur (2% each) and urad, moong and gram (1 % each) declined. The index for Non-Food Articles group rose by 2.1 percent to 186.7 (Provisional) from 182.8 (Provisional) for the previous month due to higher prices of gaur seed (30%), flowers (26%), logs timber and raw jute (9% each), gingelly seed (5%), groundnut seed and mesta (3% each) and cotton seed, soyabean and castor seed (1% each). However, the prices of copra (8%), niger seed (5%), raw cotton (3%), raw silk (2%) and raw rubber, rape mustard seed and fodder (1% each) declined. The index for Mi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nerals group rose by 1.6 percent to 329.6 (Provisional) from 324.5 (Provisional) for the previous month due to higher prices of copper ore (11%), magnesite (10%) and iron ore and zinc concentrate (2 % each). However, the prices of sillimanite (8%) and dolomite and barytes (1% each) declined. FUEL POWER (Weight 14.91%) The index for this major group rose by 0.2 percent to 173.2 (Provisional) from 172.8 (Provisional) for the previous month due to higher prices of lignite (8%), furnace oil (5%) and light diesel oil and bitumen (2% each). However, the prices of aviation turbine fuel (2%) and naphtha (1%) declined. MANUFACTURED PRODUCTS (Weight 64.97%) The index for this major group rose by 0.4 percent to 141.7 (Provisional) from 141.2 (Provisional) for the previous month. The groups and items for which the index showed variations during the month are as follows:-:- The index for Beverages, Tobacco Tobacco Products group rose by 1.3 percent to 166.8 (Provisional) from 164.7 (Provisional) for the previous month due to higher prices of bidi (6%) and soft drinks carbonated water (3%). However, the prices of dried tobacco (8%) declined. The index for Te ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... xtiles group rose by 0.4 percent to 127.1 (Provisional) from 126.6 (Provisional) for the previous month due to higher prices of jute sacking cloth and cotton yarn (1% each). However, the prices of jute yarn and man made fabric (2% each) and tyre cord fabric (1%) declined. The index for Wood Wood Products group rose by 0.2 percent to 163.5 (Provisional) from 163.2 (Provisional) for the previous month due to higher prices of processed wood (1%). The index for Paper Paper Products group declined by 0.1 percent to 132.3 (Provisional) from 132.4 (Provisional) for the previous month due to lower prices of paper pulp (3%) and maplitho paper, printing and writing paper and computer stationery (1% each). However, the prices of books/ periodicals/ journals (1%) moved up. The index for Leather Leather Products group declined by 0.5 percent to 130.6 (Provisional) from 131.2 (Provisional) for the previous month due to lower prices of leather garments jackets and leathers (1% each). The index for Rubber Plastic Products group declined by 0.1 percent to 134.1 (Provisional) from 134.3 (Provisional) for the previous month due to lower prices of tubes (1%). The index ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... for Chemicals Chemical Products group rose by 0.4 percent to 137.9 (Provisional) from 137.4 (Provisional) for the previous month due to higher prices of distemper (3%), non-cyclic compound and rubber chemicals (2% each) and di ammonium phosphate, basic inorganic chemicals and paints (1% each). However, the prices of hair / body oils and synthetic resin (1% each) declined. The index for Non-Metallic Mineral Products group declined by 0.2 percent to 155.9 (Provisional) from 156.2 (Provisional) for the previous month due to lower prices of marbles (3%) and polished granite (2%). However, the prices of lime (7%) and white cement (1%) moved up. The index for Basic Metals, Alloys Metal Products group rose by 0.7 percent to 161.9 (Provisional) from 160.7 (Provisional) for the previous month due to higher prices of silver, pressure cooker and pencil ingots (3 % each), pig iron, gold gold ornaments, ferro manganese, lead and melting scrap (2% each) and iron castings, rebars, steel castings, angles, rounds, wire rods, aluminium, joist beams and hrc (1% each). However, the prices of nuts/bolts/screw/ washers and ferro silicon (1% each) declined. The index for Mach ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... inery Machine Tools group rose by 0.3 percent to 125.9 (Provisional) from 125.5 (Provisional) for the previous month due to higher prices of heat exchanger and insulators (4% each), electric switch gears and grinding /wet coffee machinery (3% each) and electrical pumps, earth moving machinery, fluorescent tubes and microwave oven (1% each). The index for Transport, Equipment Parts group rose by 0.2 percent to 125.5 (Provisional) from 125.3 (Provisional) for the previous month due to higher prices of shafts and bus / mini bus / truck (1% each). However, the prices of parts of ships/boats etc. (7%) declined. FINAL INDEX FOR THE MONTH OF DECEMBER, 2011 (BASE YEAR: 2004-05=100) For the month of December, 2011 the final Wholesale Price Index for All Commodities (Base: 2004-05=100) stood at 157.3 as compared to 156.9 (Provisional) and annual rate of inflation based on final index stood at 7.74 percent as compared to 7.47 percent (Provisional) reported on 16.01.2012. Next date of press release: 16/04/2012 for the month of March, 2012 Office of Economic Adviser, Ministry of Commerce Industry, New Delhi, This press release is available at our home pa ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ge http://eaindustry.nic.in Annexure-I Wholesale Price Index and Rates of Inflation (Base Year: 2004-05=100) Month of February, 2012 Commodities/Major Groups/Groups/Sub-Groups Weight WPI Feb., 2012 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 158.4 0.07 0.44 8.66 5.95 9.54 6.95 PRIMARY ARTICLES 20.11815 201.5 -2.92 0.90 14.29 7.07 15.89 6.28 Food Articles 14.33709 192.3 -5.77 0.47 10.82 7.43 10.95 6.07 Cereals 3.37323 178.0 0.86 0.17 5.11 3.61 3.43 1.71 Rice 1.79348 173.0 -0.12 0.06 4.35 3.84 3.84 1.53 Wheat 1.11595 169.7 1.08 0.35 2.49 -1.45 -1.28 -4.18 Pulses 0.71662 2 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 08.7 1.84 -1.32 -2.77 9.32 -5.24 7.91 Vegetables 1.73553 160.7 -39.37 8.22 19.92 12.30 14.38 1.52 Potato 0.20150 105.9 -15.85 7.08 2.75 -2.13 -10.86 -2.22 Onion 0.17794 134.2 -57.93 -11.30 52.13 -22.20 5.17 -48.50 Fruits 2.10717 169.8 5.50 -1.39 17.24 -9.10 17.48 -0.53 Milk 3.23818 201.5 0.61 0.20 7.89 15.87 12.54 11.70 Egg, Meat Fish 2.41384 230.4 -0.62 0.52 11.56 17.79 12.74 20.00 Non-Food Articles 4.25756 186.7 5.39 2.13 27.48 -2.30 34.36 -2.56 Fibres 0.87737 197.0 20.03 -1.60 85.97 -30.49 89.23 -29.89 Oil Seeds 1.78051 164.3 3.66 0.67 10.28 8.52 7.90 9.39 Minerals 1.52350 329.6 1.19 1.57 13.60 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 23.58 17.72 25.28 FUEL POWER 14.91021 173.2 1.45 0.23 9.56 9.83 12.37 12.83 Liquefied petroleum gas 0.91468 147.3 0.00 0.00 14.99 14.27 14.99 14.27 Petrol 1.09015 177.7 2.65 0.00 23.14 12.04 28.73 12.04 High speed diesel 4.67020 167.8 0.00 0.00 6.22 9.24 12.45 9.24 MANUFACTURED PRODUCTS 64.97164 141.7 1.06 0.35 6.18 4.42 6.26 5.75 Food Products 9.97396 153.4 -0.14 0.00 2.40 5.65 0.00 5.72 Sugar 1.73731 176.4 -2.08 -0.28 -7.73 3.34 -15.43 4.13 Edible Oils 3.04293 139.2 1.73 -0.14 13.51 7.99 13.01 7.57 Beverages, Tobacco Tobacco Product 1.76247 166.8 0.60 1.28 6.69 7.96 8.60 10.10 Cotton Textiles 2.60526 139.8 4.90 0.43 25.22 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... -9.86 26.74 -3.92 Man Made Textiles 2.20573 119.4 2.47 -0.33 10.98 -2.29 13.60 -0.75 Wood Wood Products 0.58744 163.5 0.53 0.18 3.21 7.64 3.78 8.21 Paper Paper Products 2.03350 132.3 1.26 -0.08 7.28 2.00 7.10 3.20 Leather Leather Products 0.83509 130.6 0.49 -0.46 -2.83 3.98 -1.20 5.49 Rubber Plastic Products 2.98697 134.1 1.00 -0.15 9.14 0.83 9.60 2.13 Chemicals Chemical Products 12.01770 137.9 1.43 0.36 6.06 6.57 6.59 7.99 Non-Metallic Mineral Products 2.55597 155.9 1.32 -0.19 2.17 5.05 2.53 6.71 Cement Lime 1.38646 160.2 1.96 -0.12 0.00 4.09 0.47 5.95 Basic Metals Alloys Metal Product 10.74785 161.9 2.16 0.75 10.39 9.10 11.14 10.44 Iro ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n Semis 1.56301 161.1 3.96 1.64 12.36 14.83 14.30 15.82 Machinery Machine Tools 8.93148 125.9 0.16 0.32 2.51 2.03 3.38 2.78 Transport Equipment Parts 5.21282 125.5 0.08 0.16 2.96 2.45 2.96 3.21 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 Feb-12 Jan-12 Dec-11 Nov-11 Oct-11 Sep-11 ALL COMMODITIES 100.00 6.95 6.55 7.74 9.46 9.87 10.00 PRIMARY ARTICLES 20.12 6.28 2.25 3.59 8.90 10.96 12.22 Food Articles 14.34 6.07 -0.52 0.79 8.32 10.17 9.62 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Cereals 3.37 1.71 2.42 1.74 2.15 4.32 4.13 Rice 1.79 1.53 1.35 1.17 2.99 4.51 4.02 Wheat 1.12 -4.18 -3.48 -3.87 -4.86 -1.72 -2.74 Pulses 0.72 7.91 11.37 13.73 14.96 10.25 2.90 Vegetables 1.74 1.52 -43.13 -34.55 10.68 15.68 14.41 Potato 0.20 -2.22 -23.15 -35.39 -9.31 1.04 14.29 Onion 0.18 -48.50 -75.57 -61.62 -35.15 -16.92 25.78 Fruits 2.11 -0.53 6.43 8.78 7.29 11.27 15.65 Milk 3.24 11.70 12.16 11.02 10.91 11.12 10.28 Egg, Meat Fish 2.41 20.00 18.63 13.10 11.40 12.43 11.88 Non-Food Articles 4.26 -2.56 0.55 1.82 3.40 7.41 14.57 Fibres 0.88 -29.89 -14.48 -7.41 1.56 11.21 23.76 Oil S ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... eeds 1.78 9.39 12.63 10.57 11.54 10.28 14.75 Minerals 1.52 25.28 24.81 25.79 22.53 22.67 26.09 FUEL POWER 14.91 12.83 14.21 14.98 15.48 14.79 14.02 Liquefied petroleum gas 0.91 14.27 14.27 14.27 14.27 14.27 14.27 Petrol 1.09 12.04 15.02 20.39 27.63 27.90 26.29 High speed diesel 4.67 9.24 9.24 9.24 9.24 9.32 9.32 MANUFACTURED PRODUCTS 64.97 5.75 6.49 7.64 8.17 8.05 8.00 Food Products 9.97 5.72 5.57 6.31 7.24 7.66 8.05 Sugar 1.74 4.13 2.25 4.69 6.18 7.31 7.38 Edible Oils 3.04 7.57 9.59 11.93 11.82 12.93 13.87 Beverages, Tobacco Tobacco Product 1.76 10.10 9.36 14.08 13.22 12.66 13.57 Cotton Textiles 2.61 -3.92 0. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 36 5.69 9.51 11.28 12.47 Man Made Textiles 2.21 -0.75 2.04 4.11 5.58 7.17 7.59 Wood Wood Products 0.59 8.21 8.58 8.93 9.01 8.81 8.38 Paper Paper Products 2.03 3.20 4.58 5.25 5.25 5.41 5.33 Leather Leather Products 0.84 5.49 6.49 2.97 3.13 2.03 1.09 Rubber Plastic Products 2.99 2.13 3.31 4.94 5.29 6.80 7.41 Chemicals Chemical Products 12.02 7.99 9.13 9.90 9.98 9.92 8.96 Non-Metallic Mineral Products 2.56 6.71 8.32 8.64 8.28 6.07 4.95 Cement Lime 1.39 5.95 8.16 8.91 8.22 4.03 1.53 Basic Metals Alloys Metal Product 10.75 10.44 11.99 13.53 13.94 12.09 12.02 Iron Semis 1.56 15.82 18.46 24.52 24.00 21.91 22.34 Machinery Machine Tools ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 8.93 2.78 2.62 3.12 3.55 3.55 3.39 Transport Equipment Parts 5.21 3.21 3.13 4.50 4.68 4.43 4.61 *** 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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