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TMI BlogIndex Numbers of Wholesale Prices in India (Base: 2004-05=100) Review for the month of October, 2012X 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, 2012 - News and Press Release Dated:- 16-11-2012 - News - Press Information Bureau Government of India Ministry of Commerce Industry 14-November-2012 14:52 IST The official Wholesale Price Index for All Commodities (Base: 2004-05 = 100) for the month October, 2012 rose by 0.2 percent to 168.7 (Provisional) from 168.4 (Provisional) for the previous month. INFLATION The annual rate of inflation, based on monthly WPI, stood at 7.45% (Provisional) for the month of October, 2012 (over October, 2011) as compared to 7.81% (Provisional) for the previous month and 9.87% during the corresponding month of the previous year. Build up inflation in the financial year so far was 4.78% compared to a buildup of 5.02% 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 for this major group declined by 0.2 percent to 220.2 (Provisional) from 220.7 (Pr ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ovisional) 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 212.5 (Provisional) from 212.7 (Provisional) for the previous month due to lower prices of bajra (6%), fish-marine (5%), urad (4%), arhar, gram, maize and poultry chicken (2% each) and barley and condiments spices (1% each). However, the prices of ragi (6%), fish-inland (3 %), moong, coffee and mutton (2% each) and tea, milk and rice (1% each) moved up. The index for Non-Food Articles group declined by 2.3 percent to 197.7 (Provisional) from 202.4 (Provisional) for the previous month due to lower prices of soyabean (22%), niger seed (9%), castor seed (8%), gingelly seed (6%), raw jute and raw cotton (5% each), copra and raw silk (2% each). However, the prices of gaur seed (8%), rape mustard seed and flowers (6% each), coir fibre (4%), sunflower (3%), raw rubber and cotton seed (2% each) and mesta, linseed, fodder (1% each) moved up. The index for Minerals group rose by 2.4 percent to 355.8 (Provisional) from 347.6 (Provisional) for the previous month due to higher prices of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... barytes (70%), copper ore (18%), gypsum (12%), magnesite (9%), zinc concentrate and manganese ore (5% each), crude petroleum (3%) and steatite (1%). However, the prices of iron ore (4%) declined. FUEL POWER (Weight 14.91%) The index for this major group rose by 0.8 percent to 189.9 (Provisional) from 188.3 (Provisional) for the previous month due to higher prices of high speed diesel (5%) and lpg (1%). However, the prices of bitumen (12%), aviation turbine fuel (5%) and furnace oil and naphtha (3% each) declined. MANUFACTURED PRODUCTS (Weight 64.97%) The index for this major group rose by 0.1 percent to 147.9 (Provisional) from 147.7 (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 Products group rose by 0.1 percent to 166.7 (Provisional) from 166.5 (Provisional) for the previous month due to higher prices of tea leaf (blended) (8%), tea leaf (unblended) and gola (cattle feed) (5% each), tea dust (unblended) (4%) and sooji (rawa) and sugar (1% each). However, the prices of groundnut oil and soyabean oil (4% each), coffee powder and palm oil (3% each ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ), gur, cotton seed oil and mustard rapeseed oil (2 % each) and oil cakes, copra oil and khandsari (1% each) declined. The index for Beverages, Tobacco Tobacco Products group rose by 0.2 percent to 175.6 (Provisional) from 175.2 (Provisional) for the previous month due to higher prices of zarda (10%) and bidi, beer and rectified spirit (2% each). However, the prices of dried tobacco (15%) declined. The index for Textiles group rose by 0.5 percent to 131.6 (Provisional) from 130.9 (Provisional) for the previous month due to higher prices of jute sacking bag (2%) and gunny and hessian cloth and woollen textiles (1% each). However, the prices of tyre cord fabric and jute yarn (1% each) declined. The index for Wood Wood Products group rose by 0.4 percent to 171.7 (Provisional) from 171.1 (Provisional) for the previous month due to higher prices of processed wood and plywood fibre board (1% each). The index for Paper Paper Products group rose by 0.2 percent to 136.5 (Provisional) from 136.2 (Provisional) for the previous month due to higher prices of maplitho paper and books/ periodicals/ journals (1% each). However, the prices of paper cartons / boxes (1%) d ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... eclined. The index for Leather Leather Products group declined by 0.6 percent to 134.1 (Provisional) from 134.9 (Provisional) for the previous month due to lower prices of leather footwear and leathers (1% each). The index for Rubber Plastic Products group rose by 0.3 percent to 137.9 (Provisional) from 137.5 (Provisional) for the previous month due to higher prices of rubber products (1%). The index for Chemicals Chemical Products group rose by 0.2 percent to 144.1 (Provisional) from 143.8 (Provisional) for the previous month due to higher prices of shampoo (3%), rubber chemicals (2%) and ayurvedic medicines, adhesive gum, vaccines, lacquer varnishes and pesticides (1% each). However, the prices of hair / body oils, turpentine oil and safety matches/ match box (1% each) declined. The index for Non-Metallic Mineral Products group rose by 0.2 percent to 164.8 (Provisional) from 164.5 (Provisional) for the previous month due to higher prices of polished granite (2%) and marbles and railway sleeper (1% each). However, the prices of slag cement (3%) and glass bottles bottleware (1%) declined. The index for Basic Metals, Alloys Metal Products group ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... declined by 0.2 percent to 166.8 (Provisional) from 167.2 (Provisional) for the previous month due to lower prices of sponge iron (3%) and gold gold ornaments, wire rods, copper products (other than wire), ferro chrome, rebars and angles (1% each). However, the prices of silver and steel structures (2% each) and pressure cooker and sheets (1% each) moved up. The index for Machinery Machine Tools group rose by 0.2 percent to 128.5 (Provisional) from 128.3 (Provisional) for the previous month due to higher prices of t.v. sets (4%), insulators (3%), machine tools and microwave oven (2% each) and hydraulic equipment, engines and electrical pumps (1% each). However, the prices of lamps and electric motors (3% each), textile machinery (2%) and pvc insulated cable, pump assembly and ball/roller bearing (1% each) declined. The index for Transport, Equipment Parts group rose by 0.4 percent to 130.1 (Provisional) from 129.6 (Provisional) for the previous month due to higher prices of shafts (all kinds) and bus / mini bus / truck (1% each). FINAL INDEX FOR THE MONTH OF AUGUST , 2012 (BASE YEAR: 2004-05=100) For the month of August, 2012, the final Wholesale P ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rice Index for All Commodities (Base: 2004-05=100) stood at 167.3 as compared to 166.6 (provisional) and annual rate of inflation based on final index stood at 8.01 percent as compared to 7.55 percent respectively as reported on 14.09.2012. Next date of press release: 14/12/2012 for the month of November, 2012 Annexure-I Wholesale Price Index and Rates of Inflation (Base Year: 2004-05=100) Month of October, 2012 Commodities/Major Groups/Groups/Sub-Groups Weight WPI Oct., 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 168.7 0.51 0.18 5.02 4.78 9.87 7.45 PRIMARY ARTICLES 20.11815 220.2 0.30 -0.23 8.13 5.97 10.96 8.21 Food Articles 14.33709 212.5 1.06 -0.09 11.34 7.81 10.17 6.62 Cereals 3.37323 201.6 0.00 0.15 2.32 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 11.81 4.32 14.35 Rice 1.79348 196.4 1.73 0.82 5.57 11.97 4.51 11.40 Wheat 1.11595 198.0 -0.96 0.00 -4.51 15.05 -1.72 19.78 Pulses 0.71662 256.8 5.84 -1.76 12.04 22.11 10.25 20.00 Vegetables 1.73553 207.6 3.46 2.72 56.52 9.26 15.68 -7.45 Potato 0.20150 231.0 -2.70 -4.66 44.90 82.46 1.04 49.13 Onion 0.17794 210.5 -10.21 8.79 29.15 54.78 -16.92 -8.99 Fruits 2.10717 183.5 0.62 -2.86 -3.69 4.02 11.27 3.26 Milk 3.23818 209.4 0.82 0.92 12.77 4.02 11.12 6.35 Egg, Meat Fish 2.41384 244.8 -1.50 -0.77 10.59 6.71 12.43 13.28 Non-Food Articles 4.25756 197.7 -3.04 -2.32 -6.79 4.11 7.41 10.82 Fibres 0.87737 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 205.0 -5.45 -4.52 -24.12 5.29 11.21 -4.74 Oil Seeds 1.78051 196.4 -3.62 -4.38 2.32 14.65 10.28 27.12 Minerals 1.52350 355.8 1.13 2.36 17.24 -0.84 22.67 13.75 FUEL POWER 14.91021 189.9 1.01 0.85 7.87 6.81 14.79 11.71 Liquefied petroleum gas 0.91468 150.0 0.00 0.74 14.27 1.83 14.27 1.83 Petrol 1.09015 187.9 2.43 -0.42 14.19 5.74 27.90 3.75 High speed diesel 4.67020 192.3 0.00 5.20 9.24 14.60 9.32 14.60 MANUFACTURED PRODUCTS 64.97164 147.9 0.43 0.14 2.95 3.72 8.05 5.95 Food Products 9.97396 166.7 0.07 0.12 4.62 8.18 7.66 9.82 Sugar 1.73731 205.6 0.93 1.23 1.58 17.22 7.31 18.71 Edible Oils 3.04293 148.2 -0.66 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... -1.85 5.12 4.66 12.93 9.45 Beverages, Tobacco Tobacco Product 1.76247 175.6 -0.73 0.23 5.37 4.34 12.66 7.86 Cotton Textiles 2.60526 147.1 0.07 0.07 -10.73 4.10 11.28 6.52 Man Made Textiles 2.20573 124.0 0.34 0.00 -2.13 3.25 7.17 3.77 Wood Wood Products 0.58744 171.7 0.12 0.35 6.66 4.19 8.81 6.12 Paper Paper Products 2.03350 136.5 0.08 0.22 2.24 2.86 5.41 3.10 Leather Leather Products 0.83509 134.1 0.93 -0.59 4.22 1.82 2.03 2.52 Rubber Plastic Products 2.98697 137.9 0.15 0.29 0.38 2.45 6.80 3.30 Chemicals Chemical Products 12.01770 144.1 1.05 0.21 4.56 3.52 9.92 6.58 Non-Metallic Mineral Products 2.55597 164.8 2.19 0.18 3.71 4.17 6.07 7.15 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Cement Lime 1.38646 171.3 3.28 -0.23 2.47 5.03 4.03 8.76 Basic Metals Alloys Metal Product 10.74785 166.8 0.71 -0.24 5.66 2.14 12.09 6.45 Iron Semis 1.56301 162.6 0.86 -0.55 9.05 -1.45 21.91 6.27 Machinery Machine Tools 8.93148 128.5 0.08 0.16 1.62 1.66 3.55 2.55 Transport Equipment Parts 5.21282 130.1 0.08 0.39 2.04 2.93 4.43 4.16 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 Oct-12 Sept-12 Aug-12 July-12 June-12 May-12 ALL COMMODITIES 100.00 7.45 7.81 8.01 7.52 7.58 7.55 PRIMARY ARTICLES 20.12 8.21 8.77 11.23 10.54 9.75 10.31 Food Articles ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 14.34 6.62 7.86 9.34 10.17 10.91 10.63 Cereals 3.37 14.35 14.18 10.77 8.06 6.64 5.62 Rice 1.79 11.40 12.41 10.35 9.95 7.46 4.89 Wheat 1.12 19.78 18.63 12.97 6.44 6.76 6.75 Pulses 0.72 20.00 29.28 34.54 28.57 20.59 16.77 Vegetables 1.74 -7.45 -6.78 10.08 24.11 50.12 49.90 Potato 0.20 49.13 52.20 70.74 73.24 84.91 72.17 Onion 0.18 -8.99 -24.88 -20.71 -10.05 -9.46 -8.05 Fruits 2.11 3.26 6.96 1.30 -0.10 -4.93 -6.07 Milk 3.24 6.35 6.25 6.68 8.01 7.46 11.90 Egg, Meat Fish 2.41 13.28 12.44 14.20 16.59 16.69 17.13 Non-Food Articles 4.26 10.82 10.00 14.08 13.34 7.18 8.57 Fibres 0.88 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... -4.74 -5.67 3.53 5.89 -12.72 -16.52 Oil Seeds 1.78 27.12 28.13 28.83 25.48 18.47 19.12 Minerals 1.52 13.75 12.38 18.12 8.65 7.58 11.49 FUEL POWER 14.91 11.71 11.88 8.74 8.39 12.07 11.53 Liquefied petroleum gas 0.91 1.83 1.09 0.68 0.68 11.30 15.36 Petrol 1.09 3.75 6.73 9.45 8.70 11.89 10.51 High speed diesel 4.67 14.60 8.94 0.48 0.00 6.81 9.24 MANUFACTURED PRODUCTS 64.97 5.95 6.26 6.36 5.87 5.37 5.24 Food Products 9.97 9.82 9.76 9.28 6.99 5.91 5.80 Sugar 1.74 18.71 18.36 16.91 9.38 7.13 5.24 Edible Oils 3.04 9.45 10.79 10.91 10.85 9.52 10.37 Beverages, Tobacco Tobacco Product 1.76 7.86 6.83 6.78 6.18 5.8 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 1 8.24 Cotton Textiles 2.61 6.52 6.52 4.94 0.62 -4.79 -7.92 Man Made Textiles 2.21 3.77 4.11 3.97 1.50 0.75 -0.33 Wood Wood Products 0.59 6.12 5.88 6.40 5.56 4.42 7.21 Paper Paper Products 2.03 3.10 2.95 2.96 2.59 2.28 2.05 Leather Leather Products 0.84 2.52 4.09 4.24 3.92 2.86 4.08 Rubber Plastic Products 2.99 3.30 3.15 2.69 2.55 2.26 2.18 Chemicals Chemical Products 12.02 6.58 7.47 7.82 7.46 7.34 7.28 Non-Metallic Mineral Products 2.56 7.15 9.30 9.96 8.39 7.68 6.46 Cement Lime 1.39 8.76 12.59 12.97 10.78 9.05 6.18 Basic Metals Alloys Metal Product 10.75 6.45 7.46 8.05 9.75 10.10 10.65 Iron Semis 1.56 6.27 7.78 8.58 12.0 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 3 13.98 16.18 Machinery Machine Tools 8.93 2.55 2.48 2.97 3.22 2.98 2.50 Transport Equipment Parts 5.21 4.16 3.85 3.61 3.70 3.55 4.52 **** 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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