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TMI BlogIndex Numbers of Wholesale Prices in India (Base: 2004-05=100) Review for the month of May, 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 May, 2012 . - News and Press Release Dated:- 14-6-2012 - News - Press Information Bureau Government of India Ministry of Commerce Industry 14-June-2012 12:14 IST Index Numbers of Wholesale Prices in India (Base: 2004-05=100) Review for the month of May, 2012 The official Wholesale Price Index for All Commodities (Base: 2004-05 = 100) for the month May, 2012 rose by 0.5 percent to 163.9 (Provisional) from 163.1 (Provisional) for the previous month. INFLATION The annual rate of inflation, based on monthly WPI, stood at 7.55% (Provisional) for the month of May, 2012 (over May, 2011) as compared to 7.23% (Provisional) for the previous month and 9.56% during the corresponding month of the previous year. Build up inflation in the financial year so far was 1.80% compared to a build up of 1.94% 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... index for this major group rose by 0.1 percent to 216.1 (Provisional) from 215.9 (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 declined by 0.1 percent to 206.3 (Provisional) from 206.4 (Provisional) for the previous month due to lower prices of condiments spices (4%), fruits vegetables, beef buffalo meat and coffee (3% each) and maize (2%). However, the prices of tea (33%), poultry chicken (8%), masur (6%), gram (5%), arhar (3%), wheat, ragi and jowar (2% each) and barley, pork, mutton, fish-inland, rice and milk (1 % each) moved up. The index for 'Non-Food Articles' group rose by 1.7 percent to 198.6 (Provisional) from 195.3 (Provisional) for the previous month due to higher prices of soyabean and safflower (11% each), niger seed (7%), gaur seed (6%), raw silk and rape mustard seed (4% each), sunflower (3%), groundnut seed and raw cotton (2% each) and gingelly seed and linseed (1% each). However, the prices of logs timber (8%), castor seed (6%), copra (5%), raw jute and coir fibre (2% each) and fodder, flowers, raw rubb ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... er and mesta (1% each) declined. The index for 'Minerals' group declined by 1.4 percent to 357.0 (Provisional) from 362.1 (Provisional) for the previous month due to lower prices of barytes (5%), iron ore and copper ore (3% each) and zinc concentrate, steatite and crude petroleum (1% each). However, the prices of gypsum (16%), sillimanite (3%) and chromite and magnesite (1% each) moved up. FUEL POWER (Weight 14.91%) The index for this major group rose by 1.0 percent to 178.9 (Provisional) from 177.1 (Provisional) for the previous month due to higher prices of petrol (3%), bitumen (2%) and lubricants (1%). However, the prices of light diesel oil (4%) and furnace oil, aviation turbine fuel and naphtha (1% each) declined. MANUFACTURED PRODUCTS (Weight 64.97%) The index for this major group rose by 0.5 percent to 144.3 (Provisional) from 143.6 (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 0.9 percent to 157.1 (Provisional) from 155.7 (Provisional) for the previous month due to higher prices of gur (8%), tea ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... dust (blended) and cotton seed oil (6% each), oil cakes, vanaspati and groundnut oil (3% each), khandsari and gola (cattle feed) (2% each) and sugar, mixed spices, tea dust (unblended), tea leaf (blended) and soyabean oil (1% each). However, the prices of powder milk (5%), rice bran oil and processed prawn (2% each) and tea leaf (unblended), wheat flour (atta) and gingelly oil (1 % each) declined. The index for 'Beverages, Tobacco Tobacco Products' group rose by 0.1 percent to 170.0 (Provisional) from 169.8 (Provisional) for the previous month due to higher prices of zarda and dried tobacco (2% each). However, the prices of soft drinks carbonated water (1%) declined. The index for 'Textiles' group rose by 0.8 percent to 129.2 (Provisional) from 128.2 (Provisional) for the previous month due to higher prices of tyre cord fabric (2%) and jute sacking bag, gunny and hessian cloth, woollen textiles, cotton fabric, jute sacking cloth, cotton yarn and man made fibre (1% each). However, the prices of jute yarn (1%) declined. The index for 'Wood Wood Products' group rose by 1.0 percent to 166.8 (Provisional) from 165.2 (Provisional) for the previous month due ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... to higher prices of plywood fibre board (2%). The index for 'Paper Paper Products' group rose by 1.1 percent to 134.1 (Provisional) from 132.6 (Provisional) for the previous month due to higher prices of newspaper (10%), paper cartons / boxes (2%) and books/ periodicals/ journals, paper rolls and cream laid woven paper (1% each). However, the prices of paper pulp (4 %) declined. The index for 'Leather Leather Products' group rose by 0.5 percent to 132.6 (Provisional) from 132.0 (Provisional) for the previous month due to higher prices of leather footwear (1%). The index for 'Rubber Plastic Products' group rose by 0.1 percent to 135.4 (Provisional) from 135.3 (Provisional) for the previous month due to higher prices of hdpe woven fabric (4%), plastic films sheets, plastic bottles, plastic cabinet and plastic /pvc chappals (2% each). However, the prices of rubber products (1 %) declined. The index for 'Chemicals Chemical Products' group rose by 0.8 percent to 140.7 (Provisional) from 139.6 (Provisional) for the previous month due to higher prices of synthetic resin (9%), turpentine oil (3%), washing soap, distemper, washing powder and pesticides (2% each) ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... and toilet soap, thinner, non-cyclic compound, antibiotics and basic inorganic chemicals (1% each). However, the prices of hair / body oils (2%) declined. The index for 'Non-Metallic Mineral Products' group declined by 0.1 percent to 160.2 (Provisional) from 160.3 (Provisional) for the previous month due to lower prices of pressed glass ware and concrete poles posts (3% each) and grey cement (1%). However, the prices of slag cement (5%), white cement (4%), asbestos corrugated sheet (2%) and glass bottles bottleware, bricks tiles and railway sleeper (1% each) moved up. The index for 'Basic Metals, Alloys Metal Products' group rose by 0.3 percent to 165.8 (Provisional) from 165.3 (Provisional) for the previous month due to higher prices of metal containers and steel rods (3% each), ferro chrome, iron castings, iron steel wire and pipes/tubes/rods/strips (2% each) and gold gold ornaments, brass, steel castings, wire rods, gp/gc sheets, hrc, sheets and aluminium (1% each). However, the prices of melting scrap, lead and silver (3% each), copper wire and pencil ingots (2% each) and steel: pipes tubes and sponge iron (1% each) declined. The index for ' ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Machinery Machine Tools' group rose by 0.2 percent to 126.6 (Provisional) from 126.4 (Provisional) for the previous month due to higher prices of rice mill machinery (12%), food/beverages/toacco processing machinery (11%), thresher (5%), ball/roller bearing (4%), textile machinery (3%), fluorescent tubes, conductor and pump assembly (2% each) and engines, electric switches, loader, electric switch gears, lifts, machine tools and lamps (1% each). However, the prices of coupling (7%), control equipments (5%), electronic pcb /micro circuit and microwave oven (3% each), electric motors (2%) and batteries, grinding /wet coffee machinery and electric motor starters (1% each) declined. The index for 'Transport, Equipment Parts' group rose by 0.2 percent to 127.1 (Provisional) from 126.8 (Provisional) for the previous month due to higher prices of shafts (all kinds) (4%), railway brake gear (3%) and motor cycle / scooter / moped and auto parts (1% each). FINAL INDEX FOR THE MONTH OF MARCH, 2012 (BASE YEAR: 2004-05=100) For the month of March, 2012 the final Wholesale Price Index for All Commodities (Base: 2004-05=100) stood at 161.0 as compared to 159.8 (Provisiona ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... l) and annual rate of inflation based on final index stood at 7.69 percent as compared to 6.89 percent (Provisional) reported on 16.04.2012. Next date of press release: 16/07/2012 for the month of June, 2012 Annexure-I Wholesale Price Index and Rates of Inflation (Base Year: 2004-05=100) Month of May, 2012 Commodities/Major Groups/Groups/Sub-Groups Weight WPI May., 2012 Latest month over month Build up from March Year on year 2011-12 2012-13 2011-12 2012-13 2011-12 2012-13 ALL COMMODITIES 100.00000 163.9 0.20 0.49 1.94 1.80 9.56 7.55 PRIMARY ARTICLES 20.11815 216.1 -0.97 0.09 3.56 3.99 12.92 10.88 Food Articles 14.33709 206.3 -0.27 -0.05 4.08 4.67 8.25 10.74 Cereals 3.37323 184.5 1.16 1.10 1.28 2.33 5.76 5.73 Rice 1.79348 178.3 1.43 0.85 1.62 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 1.65 3.79 5.07 Wheat 1.11595 178.8 -1.06 2.35 -3.29 3.89 -0.42 6.81 Pulses 0.71662 218.3 -1.27 3.46 -1.99 3.80 -9.21 16.61 Vegetables 1.73553 224.0 2.11 -5.21 4.61 17.89 -0.66 49.43 Potato 0.20150 198.7 8.34 18.70 10.57 56.95 0.08 68.10 Onion 0.17794 139.3 -4.21 1.02 -16.08 2.43 8.13 -7.32 Fruits 2.10717 195.1 -10.74 -0.96 12.57 10.60 27.42 -6.07 Milk 3.23818 204.1 3.99 0.74 4.47 1.39 6.11 11.90 Egg, Meat Fish 2.41384 232.6 0.92 1.22 0.97 1.39 6.59 17.89 Non-Food Articles 4.25756 198.6 -4.73 1.69 -4.34 4.58 21.42 8.47 Fibres 0.87737 200.4 -15.26 1.62 -14.63 2.93 56.90 -17.22 Oil Seeds 1.780 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 51 183.9 1.18 3.37 2.19 7.36 12.06 19.18 Minerals 1.52350 357.0 1.75 -1.41 15.78 -0.50 29.57 15.57 FUEL POWER 14.91021 178.9 0.56 1.02 1.78 0.62 12.32 11.53 Liquefied petroleum gas 0.91468 148.7 0.00 -0.13 0.00 0.95 11.31 15.36 Petrol 1.09015 182.9 4.35 2.93 4.35 2.93 27.31 10.51 High speed diesel 4.67020 167.8 0.00 0.00 0.00 0.00 5.49 9.24 MANUFACTURED PRODUCTS 64.97164 144.3 0.59 0.49 1.33 1.19 7.43 5.02 Food Products 9.97396 157.1 1.44 0.90 2.21 1.95 7.85 5.93 Sugar 1.73731 178.5 -0.70 1.19 -0.35 1.77 5.53 5.06 Edible Oils 3.04293 146.0 1.85 1.32 2.56 3.11 15.47 10.52 Beverages, Tobacco Tobacco Product 1.76247 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 170.0 1.68 0.12 2.07 1.01 9.74 7.80 Cotton Textiles 2.60526 143.1 -0.45 0.85 1.23 1.27 28.89 -8.62 Man Made Textiles 2.20573 120.8 -1.06 0.33 -0.41 0.58 10.45 -0.66 Wood Wood Products 0.58744 166.8 1.44 0.97 2.37 1.21 5.29 7.41 Paper Paper Products 2.03350 134.1 0.54 1.13 1.54 1.06 7.88 1.98 Leather Leather Products 0.83509 132.6 0.71 0.45 1.67 0.68 -0.55 3.92 Rubber Plastic Products 2.98697 135.4 -0.45 0.07 -0.08 0.59 8.14 1.88 Chemicals Chemical Products 12.01770 140.7 0.61 0.79 1.93 1.08 7.50 6.75 Non-Metallic Mineral Products 2.55597 160.2 0.87 -0.06 1.28 1.26 3.59 6.66 Cement Lime 1.38646 166.2 0.65 -0.42 1.04 1.90 2.04 7.02 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Basic Metals Alloys Metal Product 10.74785 165.8 0.67 0.30 1.35 1.53 8.36 10.31 Iron Semis 1.56301 165.5 1.55 -1.08 2.64 0.30 15.02 14.93 Machinery Machine Tools 8.93148 126.6 0.00 0.16 0.49 0.16 3.08 2.18 Transport Equipment Parts 5.21282 127.1 -0.65 0.24 -0.49 0.55 1.42 4.35 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-12 Apr-12 Mar-12 Feb-12 Jan-12 Dec-11 ALL COMMODITIES 100.00 7.55 7.23 7.69 7.36 6.89 7.74 PRIMARY ARTICLES 20.12 10.88 9.71 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 10.41 7.07 2.76 3.59 Food Articles 14.34 10.74 10.49 10.11 6.12 -0.68 0.79 Cereals 3.37 5.73 5.80 4.64 1.83 2.25 1.74 Rice 1.79 5.07 5.68 5.03 1.53 0.94 1.17 Wheat 1.12 6.81 3.25 -0.58 -3.95 -3.42 -3.87 Pulses 0.72 16.61 11.29 10.10 7.86 11.01 13.73 Vegetables 1.74 49.43 60.97 32.59 1.71 -43.74 -34.55 Potato 0.20 68.10 53.44 18.43 -2.22 -23.15 -35.39 Onion 0.18 -7.32 -12.11 -24.06 -48.66 -75.62 -61.62 Fruits 2.11 -6.07 -15.34 -4.39 -0.29 6.43 8.78 Milk 3.24 11.90 15.51 15.29 11.70 12.33 11.02 Egg, Meat Fish 2.41 17.89 17.54 17.40 20.00 18.27 13.10 Non-Food Articles 4.26 8.47 1.61 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... -0.78 -2.51 0.72 1.82 Fibres 0.88 -17.22 -30.98 -31.35 -29.89 -15.04 -7.41 Oil Seeds 1.78 19.18 16.66 13.44 9.39 12.77 10.57 Minerals 1.52 15.57 19.27 34.48 32.31 30.73 25.79 FUEL POWER 14.91 11.53 11.03 12.82 13.55 14.61 14.98 Liquefied petroleum gas 0.91 15.36 15.52 14.27 14.27 14.27 14.27 Petrol 1.09 10.51 12.04 12.04 12.04 15.02 20.39 High speed diesel 4.67 9.24 9.24 9.24 9.24 9.24 9.24 MANUFACTURED PRODUCTS 64.97 5.02 5.12 5.16 5.82 6.71 7.64 Food Products 9.97 5.93 6.50 6.20 5.58 5.51 6.31 Sugar 1.74 5.06 3.10 2.87 4.07 2.54 4.69 Edible Oils 3.04 10.52 11.10 9.94 7.65 9.43 11.93 Beverages, To ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... bacco Tobacco Product 1.76 7.80 9.48 8.93 10.76 10.96 14.08 Cotton Textiles 2.61 -8.62 -9.79 -8.66 -3.51 0.36 5.69 Man Made Textiles 2.21 -0.66 -2.03 -1.64 -0.33 2.04 4.11 Wood Wood Products 0.59 7.41 7.90 8.64 8.47 8.98 8.93 Paper Paper Products 2.03 1.98 1.38 2.47 3.20 4.27 5.25 Leather Leather Products 0.84 3.92 4.18 4.94 5.33 6.57 2.97 Rubber Plastic Products 2.99 1.88 1.35 1.20 2.21 3.31 4.94 Chemicals Chemical Products 12.02 6.75 6.56 7.66 7.99 9.45 9.90 Non-Metallic Mineral Products 2.56 6.66 7.66 6.68 6.91 8.11 8.64 Cement Lime 1.39 7.02 8.17 6.12 6.15 7.96 8.91 Basic Metals Alloys Metal Product 10.75 10.31 10.72 10.11 10.50 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 12.33 13.53 Iron Semis 1.56 14.93 17.98 17.61 15.96 19.21 24.52 Machinery Machine Tools 8.93 2.18 2.02 2.51 3.10 3.03 3.12 Transport Equipment Parts 5.21 4.35 3.43 3.27 3.45 3.29 4.50 **** 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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