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TMI BlogIndex Numbers of Wholesale Prices in India (Base: 2004-05=100)Review for the Month of July, 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 July, 2012. - News and Press Release Dated:- 14-8-2012 - News - Press Information Bureau Government of India Ministry of Commerce Industry 14-August-2012 12:1 IST Index Numbers of Wholesale Prices in India (Base: 2004-05=100)Review for the Month of July, 2012 The official Wholesale Price Index for All Commodities (Base: 2004-05 = 100) for the month July, 2012 rose by 0.4 percent to 164.8 (Provisional) from 164.2 (Provisional) for the previous month. INFLATION The annual rate of inflation, based on monthly WPI, stood at 6.87% (Provisional) for the month of July, 2012 (over July, 2011) as compared to 7.25% (Provisional) for the previous month and 9.36% during the corresponding month of the previous year. Build up inflation in the financial year so far was 2.36% compared to a build up of 3.14% 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 f ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... or this major group rose by 1.1 percent to 218.8 (Provisional) from 216.4 (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 1.4 percent to 212.2 (Provisional) from 209.2 (Provisional) for the previous month due to higher prices of gram (10%), arhar (8%), bajra (7%), moong (6%), ragi (5%), urad and fish-marine (5% each), coffee and condiments spices (4% each), masur and rice (3% each), egg, maize and milk (2% each) and fish-inland, barley and wheat (1% each). However, the prices of poultry chicken (5%), tea (4 %), jowar (2%) and fruits vegetables (1%) declined. The index for 'Non-Food Articles' group rose by 2.9 percent to 199.2 (Provisional) from 193.5 (Provisional) for the previous month due to higher prices of soyabean (18%), castor seed (13%), gingelly seed (12%), raw cotton and raw jute (9% each), mesta (7%), cotton seed (6%), rape mustard seed and raw silk (4% each), linseed, flowers and fodder (3 % each), coir fibre and copra (2% each) and sugarcane (1%). However, the prices of gaur seed (27%), raw rubber (3 %), sunflower (2%) ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... and groundnut seed and niger seed (1% each) declined. The index for 'Minerals' group declined by 3.4 percent to 335.8 (Provisional) from 347.6 (Provisional) for the previous month due to lower prices of crude petroleum (8%), zinc concentrate and chromite (2% each). However, the prices of phosphorite (40%), magnesite (14%), copper ore (5%), manganese ore, barytes and iron ore (2% each) and steatite (1%) moved up. FUEL POWER (Weight 14.91%) The index for this major group declined by 1.5 percent to 175.5 (Provisional) from 178.2 (Provisional) for the previous month due to lower prices of light diesel oil (10%), furance oil (8%), naphtha (7%), aviation turbine fuel (ATF) and petrol (4% each). MANUFACTURED PRODUCTS (Weight 64.97%) The index for this major group rose by 0.6 percent to 145.7 (Provisional) from 144.8 (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 1.5 percent to 159.7 (Provisional) from 157.4 (Provisional) for the previous month due to higher prices of oil cakes (9%), tea dust (unblended) (5%), sugar, gingelly oil, gur ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... and sunflower oil (3% each), khandsari, soyabean oil, powder milk and mustard rapeseed oil (2% each) and cotton seed oil, groundnut oil and bakery products (1% each). However, the prices of processed prawn (8%), tea dust (blended) and mixed spices (3% each), coffee powder and palm oil (2% each) and copra oil (1%) declined. The index for 'Beverages, Tobacco Tobacco Products' group rose by 0.2 percent to 171.6 (Provisional) from 171.2 (Provisional) for the previous month due to higher prices of dried tobacco (4%). The index for 'Wood Wood Products' group rose by 1.4 percent to 169.1 (Provisional) from 166.8 (Provisional) for the previous month due to higher prices of plywood fibre board (2%) and timber / wooden planks and processed wood (1% each). The index for 'Paper Paper Products' group rose by 0.1 percent to 134.5 (Provisional) from 134.4 (Provisional) for the previous month due to higher prices of computer stationery (2%) and kraft paper bags and laminated paper (1 % each). However, the prices of card board (2%) and paper rolls and paper cartons / boxes (1% each) declined. The index for Leather Leather Products' group rose by 0.5 percent to 133.7 (Pro ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... visional) from 133.1 (Provisional) for the previous month due to higher prices of leather footwear (1%). However, the prices of leather garments jackets (1%) declined. The index for 'Rubber Plastic Products' group rose by 0.1 percent to 135.9 (Provisional) from 135.8 (Provisional) for the previous month due to higher prices of v belt (5%) and plastic/pvc suitcases and expandable polystyrene (2% each). The index for 'Chemicals Chemical Products' group rose by 0.7 percent to 142.3 (Provisional) from 141.3 (Provisional) for the previous month due to higher prices of di ammonium phosphate (9%), photographic goods (4 %), paints (3%), pesticides, toilet soap and rubber chemicals (2% each) and pigment pigment intermediates, turpentine oil, washing soap, hair / body oils, polymers, shampoo, basic inorganic chemicals, organic manure and ammonium sulphate (1% each). However, the prices of synthetic resin (7%), non-cyclic compound (3%), distemper (2%) and safety matches/ match box (1%) declined. The index for 'Non-Metallic Mineral Products' group rose by 1.6 percent to 162.4 (Provisional) from 159.9 (Provisional) for the previous month due to higher prices of grey ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... cement (3%), glass bottles bottleware (2%) and bricks tiles (1%). However, the prices of marbles (2%) and lime (1%) declined. The index for 'Machinery Machine Tools' group rose by 0.7 percent to 127.9 (Provisional) from 127.0 (Provisional) for the previous month due to higher prices of hydraulic equipment (9%), electric generators (6%), electric motors (5%), pvc insulated cable, textile machinery, machine tools, capacitors and electric motor starters (2 % each) and electric switches, thresher, electrical wires, chemical plant equipments, material handling equipments and plastic machinery (1% each). However, the prices of ups / stabilizer (2%) and fibre optic cable, electric switch gears, fluorescent tubes, ball/roller bearing and electronic pcb /micro circuit (1% each) declined. The index for 'Transport, Equipment Parts' group rose by 0.5 percent to 128.5 (Provisional) from 127.8 (Provisional) for the previous month due to higher prices of shafts (all kinds) and railway axle wheel (2% each) and motor vehicles, auto parts and bi-cycles (1% each). FINAL INDEX FOR THE MONTH OF MAY , 2012 (BASE YEAR: 2004-05=100) For the month of May, 2012, both the f ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... inal index and inflation based on final Wholesale Price Index for All Commodities (Base: 2004-05=100) remained unchanged at its provisional level of 163.9 and 7.55 percent respectively as reported on 14.06.2012. Next date of press release: 14/09/2012 for the month of August, 2012 Annexure-I Wholesale Price Index and Rates of Inflation (Base Year: 2004-05=100) Month of July, 2012 Commodities/Major Groups/Groups/Sub-Groups Weight WPI July, 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 164.8 0.72 0.37 3.14 2.36 9.36 6.87 PRIMARY ARTICLES 20.11815 218.8 1.17 1.11 5.31 5.29 11.47 10.39 Food Articles 14.33709 212.2 2.12 1.43 7.71 7.66 8.19 10.06 Cereals 3.37323 190.7 0.80 2.31 2.21 5.77 5.20 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 8.29 Rice 1.79348 187.1 0.53 3.03 1.74 6.67 2.41 10.12 Wheat 1.11595 182.2 1.24 1.11 -1.33 5.87 1.79 6.67 Pulses 0.71662 244.2 1.55 8.10 -0.31 16.12 -7.48 28.26 Vegetables 1.73553 230.1 13.19 -5.62 29.38 21.11 7.79 24.11 Potato 0.20150 247.5 13.66 11.79 33.86 95.50 7.03 72.96 Onion 0.17794 181.2 15.19 14.68 12.17 33.24 27.15 -9.81 Fruits 2.10717 195.7 0.56 4.21 6.23 10.94 14.82 -0.15 Milk 3.23818 208.9 0.89 1.56 10.77 3.78 10.77 8.01 Egg, Meat Fish 2.41384 239.2 1.83 1.61 5.53 4.27 9.56 16.00 Non-Food Articles 4.25756 199.2 -2.71 2.95 -7.94 4.90 15.77 13.05 Fibres 0.87737 215.7 -10.62 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 8.45 -28.17 10.79 29.66 5.89 Oil Seeds 1.78051 195.6 0.51 6.19 3.44 14.19 13.93 25.22 Minerals 1.52350 335.8 2.01 -3.39 16.08 -6.41 25.84 8.43 FUEL POWER 14.91021 175.5 2.48 -1.52 5.08 -1.29 12.04 5.98 Liquefied petroleum gas 0.91468 148.7 10.55 0.00 14.58 0.95 14.58 0.68 Petrol 1.09015 187.3 0.00 -3.95 8.70 5.40 23.23 8.64 High speed diesel 4.67020 167.8 6.81 0.00 9.24 0.00 9.32 0.00 MANUFACTURED PRODUCTS 64.97164 145.7 0.07 0.62 1.77 2.17 7.73 5.58 Food Products 9.97396 159.7 1.01 1.46 3.58 3.63 8.13 6.25 Sugar 1.73731 184.1 2.16 2.96 0.06 4.96 3.96 7.91 Edible Oils 3.04293 147.5 0.22 0.68 3.80 4.17 1 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 4.76 10.32 Beverages, Tobacco Tobacco Product 1.76247 171.6 -0.06 0.23 4.72 1.96 12.60 6.06 Cotton Textiles 2.60526 145.1 -5.32 1.11 -6.79 2.69 18.88 0.62 Man Made Textiles 2.20573 121.4 -0.75 -0.16 -1.88 1.08 7.16 1.34 Wood Wood Products 0.58744 169.1 0.75 1.38 6.72 2.61 9.61 4.45 Paper Paper Products 2.03350 134.5 -0.15 0.07 1.39 1.36 6.40 2.44 Leather Leather Products 0.83509 133.7 0.54 0.45 3.59 1.52 1.01 2.85 Rubber Plastic Products 2.98697 135.9 0.30 0.07 0.23 0.97 7.76 1.95 Chemicals Chemical Products 12.01770 142.3 0.38 0.71 2.63 2.23 8.68 7.23 Non-Metallic Mineral Products 2.55597 162.4 0.27 1.56 1.28 2.65 3.51 8.12 Cement Lime 1.38646 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 169.4 -0.39 2.60 -0.46 3.86 -0.26 10.72 Basic Metals Alloys Metal Product 10.74785 166.4 0.20 0.00 2.36 1.90 10.64 9.62 Iron Semis 1.56301 165.6 0.34 -0.60 4.85 0.36 19.40 12.58 Machinery Machine Tools 8.93148 127.9 0.16 0.71 0.73 1.19 3.07 2.98 Transport Equipment Parts 5.21282 128.5 0.32 0.55 1.47 1.66 3.16 3.46 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 July-12 June-12 May-12 Apr-12 Mar-12 Feb-12 ALL COMMODITIES 100.00 6.87 7.25 7.55 7. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 50 7.69 7.56 PRIMARY ARTICLES 20.12 10.39 10.46 10.31 9.55 10.41 7.07 Food Articles 14.34 10.06 10.81 10.63 10.92 10.11 6.12 Cereals 3.37 8.29 6.70 5.62 6.84 4.64 1.83 Rice 1.79 10.12 7.46 4.89 5.98 5.03 1.53 Wheat 1.12 6.67 6.82 6.75 5.97 -0.58 -3.95 Pulses 0.72 28.26 20.48 16.77 11.29 10.10 7.86 Vegetables 1.74 24.11 48.84 49.90 61.85 32.59 1.71 Potato 0.20 72.96 75.85 72.17 59.30 18.43 -2.22 Onion 0.18 -9.81 -9.40 -8.05 -11.03 -24.06 -48.66 Fruits 2.11 -0.15 -3.64 -6.07 -15.34 -4.39 -0.29 Milk 3.24 8.01 7.30 11.90 15.68 15.29 11.70 Egg, Meat Fish 2.41 16.00 16.25 17.13 17.54 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 17.40 20.00 Non-Food Articles 4.26 13.05 6.85 8.57 1.40 -0.78 -2.51 Fibres 0.88 5.89 -12.72 -16.52 -30.98 -31.35 -29.89 Oil Seeds 1.78 25.22 18.53 19.12 16.72 13.44 9.39 Minerals 1.52 8.43 14.49 11.49 15.91 34.48 32.31 FUEL POWER 14.91 5.98 10.27 11.53 12.10 12.82 15.11 Liquefied petroleum gas 0.91 0.68 11.30 15.36 15.52 14.27 14.27 Petrol 1.09 8.64 13.11 10.51 12.04 12.04 12.04 High speed diesel 4.67 0.00 6.81 9.24 9.24 9.24 9.24 MANUFACTURED PRODUCTS 64.97 5.58 5.00 5.24 5.27 5.16 5.82 Food Products 9.97 6.25 5.78 5.80 6.36 6.20 5.58 Sugar 1.74 7.91 7.07 5.24 3.16 2.87 4.07 Edible Oils 3.04 10.32 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 9.82 10.37 11.18 9.94 7.65 Beverages, Tobacco Tobacco Product 1.76 6.06 5.74 8.24 9.41 8.93 10.76 Cotton Textiles 2.61 0.62 -5.78 -7.92 -9.41 -8.66 -3.51 Man Made Textiles 2.21 1.34 0.75 -0.33 -1.87 -1.64 -0.33 Wood Wood Products 0.59 4.45 3.80 7.21 8.49 8.64 8.47 Paper Paper Products 2.03 2.44 2.21 2.05 2.29 2.47 3.20 Leather Leather Products 0.84 2.85 2.94 4.08 4.26 4.94 5.33 Rubber Plastic Products 2.99 1.95 2.18 2.18 1.20 1.20 2.21 Chemicals Chemical Products 12.02 7.23 6.88 7.28 7.10 7.66 7.99 Non-Metallic Mineral Products 2.56 8.12 6.74 6.46 7.25 6.68 6.91 Cement Lime 1.39 10.72 7.49 6.18 6.87 6.12 6.15 Basic Metals Alloys ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Metal Product 10.75 9.62 9.83 10.65 11.12 10.11 10.50 Iron Semis 1.56 12.58 13.64 16.18 18.48 17.61 15.96 Machinery Machine Tools 8.93 2.98 2.42 2.50 2.02 2.51 3.10 Transport Equipment Parts 5.21 3.46 3.23 4.52 3.43 3.27 3.45 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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