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TMI BlogIndex Numbers of Wholesale Prices in India (Base: 2004-05=100) Review for the month of December, 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 December, 2012 - News and Press Release Dated:- 14-1-2013 - News - Press Information Bureau Government of India Ministry of Commerce Industry 14-January-2013 11:38 IST The official Wholesale Price Index for All Commodities (Base: 2004-05 = 100) for the month December, 2012 declined by 0.1 percent to 168.6 (Provisional) from 168.8 (Provisional) for the previous month. INFLATION The annual rate of inflation, based on monthly WPI, stood at 7.18% (Provisional) for the month of December, 2012 (over December, 2011) as compared to 7.24% (Provisional) for the previous month and 7.74% during the corresponding month of the previous year. Build up inflation in the financial year so far was 4.72% compared to a build up of 5.22% 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 0.4 percent to 220.0 (Provisional) from 22 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 0.8 (Provisional) for the previous month. The groups and items which showed variations during the month are as follows:- The index for Food Articles group declined by 0.5 percent to 212.2 (Provisional) from 213.2 (Provisional) for the previous month due to lower price of coffee (5%), fruits vegetables and arhar (4% each), gram and fish-marine ( 3% each), masur (2%) and urad (1%). However, the price of bajra (8%), barley (5%), maize, rice, tea, ragi and poultry chicken (3% each), jowar and fish-inland (2% each) and wheat, moong, mutton and condiments spices (1 % each) moved up. The index for Non-Food Articles group rose by 0.8 percent to 202.9 (Provisional) from 201.3 (Provisional) for the previous month, due to higher price of guar seed (31%), gingelly seed (8%), flowers (7%), raw silk, logs timber and sunflower (4% each), fodder, copra and tobacco (3% each), linseed (2%) and coir fibre (1%). However, the price of raw rubber (7%), niger seed (4%), groundnut seed (3%), castor seed and raw jute (2% each) and cotton seed, mesta and rape mustard seed (1% each) declined. The index for Minerals group declined by 1.8 percent to 340.8 (Provisional) from 347.1 (Provi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... sional) for the previous month due to lower price of iron ore and copper ore (3% each), steatite and crude petroleum (2% each) and magnesite (1%). However, the price of sillimanite (12%), barytes (8%) and zinc concentrate (4%) moved up. FUEL POWER (Weight 14.91%) The index for this major group rose by 0.1 percent to 188.9 (Provisional) from 188.8 (Provisional) for the previous month due to higher price of bitumen (17%). However, the price of furnace oil (2%) and aviation turbine fuel and petrol (1% each) declined. MANUFACTURED PRODUCTS (Weight 64.97%) The index for this major group remained unchanged at its previous month s level of 148.0 (Provisional). The groups and items for which the index showed variations during the month are as follows:- The index for Food Products group declined by 0.4 percent to 167.1 (Provisional) from 167.7 (Provisional) for the previous month due to lower price of oil cakes and gur (5% each), tea dust (unblended) (4%), tea leaf (unblended), canned fish and tea leaf (blended) (3% each), rice bran oil (2%) and wheat flour (atta) and gram powder (besan) (1 % each). However, the price of gingelly oil (8%), groundnut oil (6%), pro ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... cessed prawn (3%), mixed spices, gola (cattle feed), tea dust (blended) and copra oil (2% each) and bakery products, khandsari, soyabean oil, sooji (rawa), sunflower oil and maida (1% each) moved up. The index for Beverages, Tobacco Tobacco Products group declined by 0.1 percent to 176.6 (Provisional) from 176.7 (Provisional) for the previous month due to lower price of dried tobacco and beer (2% each) and imfl- blended (1%). However, the price of bidi (1%) moved up. The index for Textiles group rose by 0.3 percent to 132.2 (Provisional) from 131.8 (Provisional) for the previous month due to higher price of jute sacking bag (2%). However, the price of tyre cord fabric (1%) declined. The index for Wood Wood Products group rose by 0.1 percent to 172.3 (Provisional) from 172.1 (Provisional) for the previous month due to higher price of plywood fibre board (1%). The index for Paper Paper Products group rose by 0.4 percent to 137.2 (Provisional) from 136.7 (Provisional) for the previous month due to higher price of corrugated sheet boxes, books/ periodicals/ journals, paper for printing / poster and cream laid woven paper (1% each). The index for Leather ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Leather Products group rose by 1.1 percent to 135.0 (Provisional) from 133.5 (Provisional) for the previous month due to higher price of leather footwear (2%) and leathers (1%). The index for Rubber Plastic Products group rose by 0.1 percent to 138.1 (Provisional) from 138.0 (Provisional) for the previous month due to higher price of rubber transmission belt (3%), plastic bottles, plastic cabinet, plastic/pvc chappals and reclined rubber (2% each) and bus/truck tyre, plastic/pvc shoes and hdpe woven fabric (1% each). However, the price of plastic/pvc pipe (3%) and rubber components parts (1%) declined. The index for Chemicals Chemical Products group rose by 0.1 percent to 144.0 (Provisional) from 143.9 (Provisional) for the previous month due to higher price of non-cyclic compound, washing powder, polymers, pesticides and photographic goods (1% each). However, the price of tooth paste/ tooth powder (3%), turpentine oil (2%) and rubber chemicals and ayurvedic medicines (1% each) declined. The index for Non-Metallic Mineral Products group declined by 0.1 percent to 163.3 (Provisional) from 163.5 (Provisional) for the previous month due to lower price of glass ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... bottles bottleware and grey cement (1% each). However, the price of marbles (6%) and white cement (1%) moved up. The index for Basic Metals, Alloys Metal Products group declined by 0.4 percent to 165.7 (Provisional) from 166.4 (Provisional) for the previous month due to lower price of pencil ingots and steel structures (5% each), pig iron and melting scrap (2% each) and pipes/tubes/rods/strips, ferro chrome, rounds, hrc, gp/gc sheets and joist beams (1% each). However, the price of silver (2%) and iron steel wire, copper products (other than wire), lead, billets, aluminium, steel: pipes tubes and steel castings (1% each) moved up. The index for Machinery Machine Tools group rose by 0.3 percent to 128.9 (Provisional) from 128.5 (Provisional) for the previous month due to higher price of electric motor starters, industrial furnaces, electric switch gears and ball/roller bearing (2% each) and electric motors, industrial valves, engines, fans, regulators, material handling equipments, hydraulic equipment and conductor (1% each). However, the price of pump assembly (1%) declined. The index for Transport, Equipment Parts group rose by 0.4 percent to 131.0 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... (Provisional) from 130.5 (Provisional) for the previous month due to higher price of bi-cycles (5%) and tractors and motor vehicles (1% each). However, the price of buses /mini buses / trucks (1%) declined. FINAL INDEX FOR THE MONTH OF OCTOBER , 2012 (BASE YEAR: 2004-05=100) For the month of October, 2012, the final Wholesale Price Index for All Commodities (Base: 2004-05=100) stood at 168.5 as compared to 168.7 (provisional) and annual rate of inflation based on final index stood at 7.32 percent as compared to 7.45 percent respectively as reported on 14.11.2012. Annexure-I Wholesale Price Index and Rates of Inflation (Base Year: 2004-05=100) Month of December, 2012 Commodities/Major Groups/Groups/Sub-Groups Weight WPI Dec., 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 168.6 -0.06 -0.12 5.22 4.72 7.74 7.18 PRIMARY ARTICLES 20.11815 220.0 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... -1.44 -0.36 5.69 5.87 3.59 10.61 Food Articles 14.33709 212.2 -2.85 -0.47 6.65 7.66 0.79 11.16 Cereals 3.37323 209.0 0.11 2.85 1.92 15.92 1.74 19.02 Rice 1.79348 202.7 -1.31 3.37 3.65 15.56 1.17 17.10 Wheat 1.11595 205.3 1.40 1.43 -3.76 19.29 -3.87 23.23 Pulses 0.71662 250.3 -1.07 -2.34 11.47 19.02 13.73 17.57 Vegetables 1.73553 194.0 -24.83 -6.23 9.84 2.11 -34.55 23.25 Potato 0.20150 209.5 -21.03 -13.29 3.65 65.48 -35.39 89.08 Onion 0.17794 304.8 -19.20 16.87 0.56 124.12 -61.62 69.24 Fruits 2.10717 183.5 -0.06 -1.50 -5.96 4.02 8.78 5.76 Milk 3.23818 210.0 0.56 0.24 13.63 4.32 11.02 5.85 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Egg, Meat Fish 2.41384 244.5 3.26 -0.37 13.56 6.58 13.10 10.18 Non-Food Articles 4.25756 202.9 1.47 0.79 -6.37 6.85 1.82 13.23 Fibres 0.87737 205.7 -2.30 -0.05 -28.14 5.65 -7.41 0.93 Oil Seeds 1.78051 202.3 1.49 -0.39 3.91 18.10 10.57 28.94 Minerals 1.52350 340.8 1.92 -1.82 23.20 -5.02 25.79 3.68 FUEL POWER 14.91021 188.9 0.64 0.05 9.58 6.24 14.98 9.38 Liquefied petroleum gas 0.91468 153.2 0.00 0.00 14.27 4.01 14.27 4.01 Petrol 1.09015 183.8 -2.84 -1.02 12.04 3.43 20.39 3.43 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 0.36 0.00 3.91 3.79 7.64 5.04 Food Pro ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ducts 9.97396 167.1 0.52 -0.36 5.65 8.44 6.31 9.00 Sugar 1.73731 203.0 2.20 -0.20 6.10 15.74 4.69 12.22 Edible Oils 3.04293 150.0 1.26 0.87 6.37 5.93 11.93 9.49 Beverages, Tobacco Tobacco Product 1.76247 176.6 1.04 -0.06 6.99 4.93 14.08 6.84 Cotton Textiles 2.60526 147.0 -0.07 -0.07 -10.02 4.03 5.69 5.60 Man Made Textiles 2.20573 124.3 -0.25 0.24 -2.54 3.50 4.11 4.45 Wood Wood Products 0.58744 172.3 0.06 0.12 6.99 4.55 8.93 6.16 Paper Paper Products 2.03350 137.2 -0.08 0.37 2.16 3.39 5.25 3.70 Leather Leather Products 0.83509 135.0 -0.15 1.12 4.86 2.51 2.97 2.58 Rubber Plastic Products 2.98697 138.1 0.37 0.07 0.68 2.60 4.94 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 3.14 Chemicals Chemical Products 12.01770 144.0 0.66 0.07 5.57 3.45 9.90 5.49 Non-Metallic Mineral Products 2.55597 163.3 0.19 -0.12 5.19 3.22 8.64 4.68 Cement Lime 1.38646 168.5 0.44 -0.47 4.94 3.31 8.91 4.46 Basic Metals Alloys Metal Product 10.74785 165.7 0.56 -0.42 8.09 1.47 13.53 3.37 Iron Semis 1.56301 158.4 1.23 -2.22 11.83 -4.00 24.52 0.96 Machinery Machine Tools 8.93148 128.9 0.16 0.31 1.95 1.98 3.12 2.55 Transport Equipment Parts 5.21282 131.0 0.00 0.38 2.37 3.64 4.50 4.55 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 Dec-12 Nov-12 Oct-12 Sept-12 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Aug-12 July-12 ALL COMMODITIES 100.00 7.18 7.24 7.32 8.07 8.01 7.52 PRIMARY ARTICLES 20.12 10.61 9.42 7.81 9.22 11.23 10.54 Food Articles 14.34 11.16 8.50 6.72 8.06 9.34 10.17 Cereals 3.37 19.02 15.85 16.28 14.35 10.77 8.06 Rice 1.79 17.10 11.80 14.97 12.58 10.35 9.95 Wheat 1.12 23.23 23.19 19.78 18.87 12.97 6.44 Pulses 0.72 17.57 19.10 19.86 28.98 34.54 28.57 Vegetables 1.74 23.25 -1.19 -9.05 -6.73 10.08 24.11 Potato 0.20 89.08 72.20 49.13 52.45 70.74 73.24 Onion 0.18 69.24 17.00 -9.12 -24.69 -20.71 -10.05 Fruits 2.11 5.76 7.32 3.43 7.02 1.30 -0.10 Milk 3.24 5.85 6.18 6.35 6.45 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 6.68 8.01 Egg, Meat Fish 2.41 10.18 14.19 13.10 13.22 14.20 16.59 Non-Food Articles 4.26 13.23 13.99 11.43 10.43 14.08 13.34 Fibres 0.88 0.93 -1.34 -4.74 -5.67 3.53 5.89 Oil Seeds 1.78 28.94 31.37 27.25 29.13 28.83 25.48 Minerals 1.52 3.68 7.63 8.63 13.87 18.12 8.65 FUEL POWER 14.91 9.38 10.02 11.65 12.00 8.74 8.39 Liquefied petroleum gas 0.91 4.01 4.01 2.04 1.09 0.68 0.68 Petrol 1.09 3.43 1.53 3.75 6.73 9.45 8.70 High speed diesel 4.67 14.60 14.60 14.60 8.94 0.48 0.00 MANUFACTURED PRODUCTS 64.97 5.04 5.41 5.95 6.47 6.36 5.87 Food Products 9.97 9.00 9.97 9.82 10.28 9.28 6.99 Sugar 1.74 12.22 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 14.92 18.88 19.87 16.91 9.38 Edible Oils 3.04 9.49 9.90 9.38 10.71 10.91 10.85 Beverages, Tobacco Tobacco Product 1.76 6.84 8.01 8.85 7.32 6.78 6.18 Cotton Textiles 2.61 5.60 5.60 6.30 7.03 4.94 0.62 Man Made Textiles 2.21 4.45 3.94 3.77 4.37 3.97 1.50 Wood Wood Products 0.59 6.16 6.10 5.81 5.82 6.40 5.56 Paper Paper Products 2.03 3.70 3.25 3.10 3.02 2.96 2.59 Leather Leather Products 0.84 2.58 1.29 2.68 3.78 4.24 3.92 Rubber Plastic Products 2.99 3.14 3.45 3.15 3.30 2.69 2.55 Chemicals Chemical Products 12.02 5.49 6.12 6.66 7.62 7.82 7.46 Non-Metallic Mineral Products 2.56 4.68 5.01 6.63 9.30 9.96 8.39 Cement Lime 1.39 4 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... .46 5.42 8.13 12.20 12.97 10.78 Basic Metals Alloys Metal Product 10.75 3.37 4.39 6.32 7.39 8.05 9.75 Iron Semis 1.56 0.96 4.52 6.01 7.84 8.58 12.03 Machinery Machine Tools 8.93 2.55 2.39 2.63 2.56 2.97 3.22 Transport Equipment Parts 5.21 4.55 4.15 4.32 4.09 3.61 3.70 **** 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 X X X X Extracts X X X X
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