Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding
  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram

TMI Blog

Home

Index Numbers of Wholesale Prices in India (Base: 2004-05=100) Review for the month of November, 2012

X X   X X   Extracts   X X   X X

→ Full Text of the Document

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 November, 2012 - News and Press Release Dated:- 14-12-2012 - News - Press Information Bureau Government of India Ministry of Commerce Industry 14-December-2012 11:39 IST The official Wholesale Price Index for All Commodities (Base: 2004-05 = 100) for the month November, 2012 rose by 0.1 percent to 168.8 (Provisional) from 168.7 (Provisional) for the previous month. INFLATION The annual rate of inflation, based on monthly WPI, stood at 7.24% (Provisional) for the month of November, 2012 (over November, 2011) as compared to 7.45% (Provisional) for the previous month and 9.46% during the corresponding month of the previous year. Build up inflation in the financial year so far was 4.84% compared to a buildup of 5.28% 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 rose by 0.3 percent to 220.8 (Provisional) from 220.2 (Prov .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... isional) 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 0.3 percent to 213.2 (Provisional) from 212.5 (Provisional) for the previous month due to higher prices of ragi (10%), bajra (5%), barley (3%), wheat and fish-marine (2% each) and fish-inland, mutton, gram, maize and fruits vegetables (1% each). However, the prices of poultry chicken (8%), coffee and jowar (4% each), urad (3%), tea (2%) and arhar (1%) declined. The index for Non-Food Articles group rose by 1.8 percent to 201.3 (Provisional) from 197.7 (Provisional) for the previous month due to higher prices of flowers (16%), soyabean (6%), groundnut seed and mesta (5% each), linseed and rape mustard seed (3% each), copra, castor seed and fodder (2% each) and sunflower, tobacco, raw cotton and coir fibre (1% each). However, the prices of niger seed (7%), raw rubber (6%), raw jute (3%), raw silk and gingelly seed (2 % each) declined. The index for Minerals group declined by 2.4 percent to 347.1 (Provisional) from 355.8 (Provisional) for the previous month due to lower prices of copper or .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... e (5%), sillimanite (4%), barytes and crude petroleum (3% each), iron ore and bauxite (2% each) and steatite (1%). However, the prices of magnesite (14%), zinc concentrate (8%), gypsum (4%) and limestone (1%) moved up. FUEL POWER (Weight 14.91%) The index for this major group declined by 0.6 percent to 188.8 (Provisional) from 189.9 (Provisional) for the previous month due to lower prices of bitumen and furnace oil (4% each), naphtha (3%), light diesel oil (2%) and petrol and aviation turbine fuel (1% each). However, the prices of lpg (2%) moved up. MANUFACTURED PRODUCTS (Weight 64.97%) The index for this major group rose by 0.1 percent to 148.0 (Provisional) from 147.9 (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 Products group rose by 0.6 percent to 167.7 (Provisional) from 166.7 (Provisional) for the previous month due to higher prices of tea dust (unblended) (7%), sooji (rawa) (5%), gola (cattle feed), oil cakes and maida (4% each), wheat flour (atta) and groundnut oil (3% each), processed prawn, bakery products and tea leaf (unblended) (2% eac .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... h) and sugar confectionary, copra oil, cotton seed oil and rice bran oil (1% each). However, the prices of gur (7%), khandsari (3%), mixed spices, tea leaf (blended) and palm oil (2% each) and sugar and gram powder (besan) (1% each) declined. The index for Beverages, Tobacco Tobacco Products group rose by 0.6 percent to 176.7 (Provisional) from 175.6 (Provisional) for the previous month due to higher prices of dried tobacco (14%) and rectified spirit (2%). However, the prices of zarda (2%) declined. The index for Textiles group rose by 0.2 percent to 131.8 (Provisional) from 131.6 (Provisional) for the previous month due to higher prices of woollen textiles (3%), jute sacking cloth (2%) and tyre cord fabric, jute sacking bag, man-made fabric and jute yarn (1% each). The index for Wood Wood Products group rose by 0.2 percent to 172.1 (Provisional) from 171.7 (Provisional) for the previous month due to higher prices of insulation board (1%). The index for Paper Paper Products group rose by 0.1 percent to 136.7 (Provisional) from 136.5 (Provisional) for the previous month due to higher prices of books/ periodicals/ journals (2%). However, the prices of paper .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... cartons / boxes (2%) and maplitho paper (1%) declined. The index for Leather Leather Products group declined by 0.4 percent to 133.5 (Provisional) from 134.1 (Provisional) for the previous month due to lower prices of leathers and leather footwear (1% each). The index for Rubber Plastic Products group rose by 0.1 percent to 138.0 (Provisional) from 137.9 (Provisional) for the previous month due to higher prices of rubber transmission belt (5%), plastic bottles (4%) and plastic/pvc pipe and plastic/ldpe/polythene bag (1% each). The index for Chemicals Chemical Products group declined by 0.1 percent to 143.9 (Provisional) from 144.1 (Provisional) for the previous month due to lower prices of chlorine (13%), castor oil (2%) and turpentine oil, pesticides, photographic goods and basic organic chemicals (1% each). However, the prices of organic manure (2%) and rubber chemicals (1%) moved up. The index for Non-Metallic Mineral Products group declined by 0.8 percent to 163.5 (Provisional) from 164.8 (Provisional) for the previous month due to lower prices of grey cement and bricks tiles (1% each). However, the prices of glass bottles bottleware (1%) moved up .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... . The index for Basic Metals, Alloys Metal Products group declined by 0.2 percent to 166.4 (Provisional) from 166.8 (Provisional) for the previous month due to lower prices of steel rods (3%) and pencil ingots, gp/gc sheets, steel: pipes tubes, melting scrap, rebars, pipes/tubes/rods/strips, joist beams, copper products (other than wire) and angles (1% each). However, the prices of sponge iron, pressure cooker and ferro chrome (1% each) moved up. The index for Transport, Equipment Parts group rose by 0.3 percent to 130.5 (Provisional) from 130.1 (Provisional) for the previous month due to higher prices of bus / mini bus / truck (1%). However, the prices of bi-cycles (1%) declined. FINAL INDEX FOR THE MONTH OF SEPTEMBER , 2012 (BASE YEAR: 2004-05=100) For the month of September, 2012, the final Wholesale Price Index for All Commodities (Base: 2004-05=100) stood at 168.8 as compared to 168.4 (provisional) and annual rate of inflation based on final index stood at 8.07 percent as compared to 7.81 percent respectively as reported on 15.10.2012. Next date of press release: 14/01/2013 for the month of December, 2012 Office of Economic Adviser .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... , 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 November, 2012 Commodities/Major Groups/Groups/Sub-Groups Weight WPI Nov., 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 168.8 0.25 0.06 5.28 4.84 9.46 7.24 PRIMARY ARTICLES 20.11815 220.8 -0.84 0.27 7.23 6.26 8.90 9.42 Food Articles 14.33709 213.2 -1.40 0.33 9.78 8.17 8.32 8.50 Cereals 3.37323 203.2 -0.51 0.79 1.80 12.70 2.15 15.85 Rice 1.79348 196.1 -0.51 -0.15 5.03 11.80 2.99 11.80 Wheat 1.11595 202.4 -0.60 .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... 2.22 -5.08 17.61 -4.86 23.19 Pulses 0.71662 256.3 0.56 -0.19 12.67 21.87 14.96 19.10 Vegetables 1.73553 206.9 -6.64 -0.34 46.13 8.89 10.68 -1.19 Potato 0.20150 241.6 -9.43 4.59 31.24 90.84 -9.31 72.20 Onion 0.17794 260.8 -3.63 23.90 24.46 91.76 -35.15 17.00 Fruits 2.10717 186.3 -2.31 1.53 -5.91 5.61 7.29 7.32 Milk 3.23818 209.5 0.20 0.05 13.00 4.07 10.91 6.18 Egg, Meat Fish 2.41384 245.4 -0.56 0.25 9.98 6.97 11.40 14.19 Non-Food Articles 4.25756 201.3 -1.01 1.82 -7.73 6.00 3.40 13.99 Fibres 0.87737 205.8 -3.07 0.39 -26.45 5.70 1.56 -1.34 Oil Seeds 1.78051 203.1 0.06 3.41 2.38 18.56 11.54 31. .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... 37 Minerals 1.52350 347.1 3.10 -2.45 20.88 -3.26 22.53 7.63 FUEL POWER 14.91021 188.8 0.94 -0.58 8.88 6.19 15.48 10.02 Liquefied petroleum gas 0.91468 153.2 0.00 2.13 14.27 4.01 14.27 4.01 Petrol 1.09015 185.7 0.99 -1.17 15.32 4.50 27.63 1.53 High speed diesel 4.67020 192.3 0.00 0.00 9.24 14.60 9.24 14.60 MANUFACTURED PRODUCTS 64.97164 148.0 0.57 0.07 3.54 3.79 8.17 5.41 Food Products 9.97396 167.7 0.46 0.60 5.10 8.83 7.24 9.97 Sugar 1.73731 203.4 2.19 -1.07 3.81 15.96 6.18 14.92 Edible Oils 3.04293 148.7 -0.07 0.34 5.05 5.01 11.82 9.90 Beverages, Tobacco Tobacco Product 1.76247 176.7 0.49 0.63 5.89 4.99 13.22 8.01 .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Cotton Textiles 2.60526 147.1 0.87 0.00 -9.95 4.10 9.51 5.60 Man Made Textiles 2.20573 124.0 -0.17 0.00 -2.29 3.25 5.58 3.94 Wood Wood Products 0.58744 172.1 0.25 0.23 6.92 4.43 9.01 6.10 Paper Paper Products 2.03350 136.7 0.00 0.15 2.24 3.01 5.25 3.25 Leather Leather Products 0.83509 133.5 0.76 -0.45 5.02 1.37 3.13 1.29 Rubber Plastic Products 2.98697 138.0 -0.07 0.07 0.30 2.53 5.29 3.45 Chemicals Chemical Products 12.01770 143.9 0.30 -0.14 4.87 3.38 9.98 6.12 Non-Metallic Mineral Products 2.55597 163.5 1.24 -0.79 4.99 3.35 8.28 5.01 Cement Lime 1.38646 169.3 1.97 -1.17 4.49 3.80 8.22 5.42 Basic Metals Alloys Metal Product 10.74785 166.4 1. .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... 72 -0.24 7.48 1.90 13.94 4.39 Iron Semis 1.56301 162.0 1.31 -0.37 10.48 -1.82 24.00 4.52 Machinery Machine Tools 8.93148 128.5 0.16 0.00 1.78 1.66 3.55 2.39 Transport Equipment Parts 5.21282 130.5 0.32 0.31 2.37 3.24 4.68 4.15 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 Nov-12 Oct-12 Sept-12 Aug-12 July-12 June-12 ALL COMMODITIES 100.00 7.24 7.45 8.07 8.01 7.52 7.58 PRIMARY ARTICLES 20.12 9.42 8.21 9.22 11.23 10.54 9.75 Food Articles 14.34 8.50 6.62 8.06 9.34 10.17 10.91 Cereals 3.37 15.85 14.35 14.35 10.77 8.06 .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... 6.64 Rice 1.79 11.80 11.40 12.58 10.35 9.95 7.46 Wheat 1.12 23.19 19.78 18.87 12.97 6.44 6.76 Pulses 0.72 19.10 20.00 28.98 34.54 28.57 20.59 Vegetables 1.74 -1.19 -7.45 -6.73 10.08 24.11 50.12 Potato 0.20 72.20 49.13 52.45 70.74 73.24 84.91 Onion 0.18 17.00 -8.99 -24.69 -20.71 -10.05 -9.46 Fruits 2.11 7.32 3.26 7.02 1.30 -0.10 -4.93 Milk 3.24 6.18 6.35 6.45 6.68 8.01 7.46 Egg, Meat Fish 2.41 14.19 13.28 13.22 14.20 16.59 16.69 Non-Food Articles 4.26 13.99 10.82 10.43 14.08 13.34 7.18 Fibres 0.88 -1.34 -4.74 -5.67 3.53 5.89 -12.72 Oil Seeds 1.78 31.37 27.12 29.13 28.83 25.48 .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... 18.47 Minerals 1.52 7.63 13.75 13.87 18.12 8.65 7.58 FUEL POWER 14.91 10.02 11.71 12.00 8.74 8.39 12.07 Liquefied petroleum gas 0.91 4.01 1.83 1.09 0.68 0.68 11.30 Petrol 1.09 1.53 3.75 6.73 9.45 8.70 11.89 High speed diesel 4.67 14.60 14.60 8.94 0.48 0.00 6.81 MANUFACTURED PRODUCTS 64.97 5.41 5.95 6.47 6.36 5.87 5.37 Food Products 9.97 9.97 9.82 10.28 9.28 6.99 5.91 Sugar 1.74 14.92 18.71 19.87 16.91 9.38 7.13 Edible Oils 3.04 9.90 9.45 10.71 10.91 10.85 9.52 Beverages, Tobacco Tobacco Product 1.76 8.01 7.86 7.32 6.78 6.18 5.81 Cotton Textiles 2.61 5.60 6.52 7.03 4.94 0.62 -4.79 Man Made Textiles 2.21 3.9 .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... 4 3.77 4.37 3.97 1.50 0.75 Wood Wood Products 0.59 6.10 6.12 5.82 6.40 5.56 4.42 Paper Paper Products 2.03 3.25 3.10 3.02 2.96 2.59 2.28 Leather Leather Products 0.84 1.29 2.52 3.78 4.24 3.92 2.86 Rubber Plastic Products 2.99 3.45 3.30 3.30 2.69 2.55 2.26 Chemicals Chemical Products 12.02 6.12 6.58 7.62 7.82 7.46 7.34 Non-Metallic Mineral Products 2.56 5.01 7.15 9.30 9.96 8.39 7.68 Cement Lime 1.39 5.42 8.76 12.20 12.97 10.78 9.05 Basic Metals Alloys Metal Product 10.75 4.39 6.45 7.39 8.05 9.75 10.10 Iron Semis 1.56 4.52 6.27 7.84 8.58 12.03 13.98 Machinery Machine Tools 8.93 2.39 2.55 2.56 2.97 3.22 2.98 Transport Equipment .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Parts 5.21 4.15 4.16 4.09 3.61 3.70 3.55 ****** DS/RK - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

 

 

 

 

Quick Updates:Latest Updates