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TMI BlogIndex Numbers of Wholesale Price in India (Base: 2004-05=100) Review for the month of May, 2013X X X X Extracts X X X X X X X X Extracts X X X X ..... Index Numbers of Wholesale Price in India (Base: 2004-05=100) Review for the month of May, 2013 - News and Press Release Dated:- 14-6-2013 - News - The official Wholesale Price Index for All Commodities (Base: 2004-05 = 100) for the month May, 2013 rose by 0.1 percent to 171.6 (provisional) from 171.5 (provisional) for the previous month. INFLATION The annual rate of inflation, based on monthly WPI, stood at 4.70% (provisional) for the month of May, 2013 (over May, 2012) as compared to 4.89% (provisional) for the previous month and 7.55% during the corresponding month of the previous year. Build up inflation rate in the financial year so far was 0.88% compared to a build up rate of 1.80% 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 0.6 percent to 229.3 (provisional) from 228.0 (provisional) for the previous month. The groups and items which showed variations during the month are as follows:- The index for Food Ar ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ticles group rose by 1.5 percent to 223.1 (provisional) from 219.8 (provisional) for the previous month due to higher price of poultry chicken and ragi (5% each), fruits vegetables (4%), fish-marine (3 %), rice (2%) and bajra, condiments spices and milk (1% each). However, the price of tea (5%), coffee and maize (2% each) and wheat, barley, moong, jowar, gram and egg (1% each) declined. The index for Non-Food Articles group declined by 0.6 percent to 208.5 (provisional) from 209.7 (provisional) for the previous month due to lower price of gingelly seed (8%), guar seed (5%), groundnut seed, castor seed, niger seed and copra (3% each), fodder, rape mustard seed and raw jute (2% each) and linseed (1%). However, the price of safflower and raw rubber (4% each), soyabean and raw silk (3% each) and cotton seed (1%) moved up. The index for Minerals group declined by 2.4 percent to 346.5 (provisional) from 355.0 (provisional) for the previous month due to lower price of sillimanite (18%), crude petroleum and zinc concentrate (4% each), magnesite (2%) and iron ore (1%). However, the price of chromite (6%) and barites and steatite (1% each) moved up. FUEL POWER (Weight 1 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 4.91%) The index for this major group declined by 1.3 percent to 192.0 (provisional) from 194.6 (provisional) for the previous month despite higher price of electricity (13%) as price of other items such as lpg (12%), coal (10%), aviation turbine fuel (6%) and petrol (5%) declined. MANUFACTURED PRODUCTS (Weight 64.97%) The index for this major group rose by 0.3 percent to 149.1 (provisional) from 148.7 (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 0.8 percent to 167.1 (provisional) from 165.8 (provisional) for the previous month due to higher price of processed prawn (13%), tea dust (unblended) and groundnut oil (5% each), gur (4%), mustard rapeseed oil, tea leaf (unblended) and canned fish (3% each), oil cakes, bakery products and cotton seed oil (2% each) and khandsari, mixed spices, sooji (rawa), soyabean oil and tea dust (blended) (1% each). However, the price of gingelly oil (5%), sugar confectionary (4%), rice bran oil (2%) and copra oil and sunflower oil (1% each) declined. The index for Beverages, Tobacco Tobacco Products gr ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... oup rose by 0.4 percent to 181.9 (provisional) from 181.2 (provisional) for the previous month due to higher price of soft drinks carbonated water, bidi and beer (1% each). The index for Textiles group rose by 1.0 percent to 135.0 (provisional) from 133.6 (provisional) for the previous month due to higher price of jute sacking cloth (2%) and gunny and hessian cloth, cotton fabric, cotton yarn and jute sacking bag (1% each). The index for Wood Wood Products group rose by 0.2 percent to 174.3 (provisional) from 174.0 (provisional) for the previous month due to higher price of processed wood (2%). The index for Paper Paper Products group rose by 0.5 percent to 140.7 (provisional) from 140.0 (provisional) for the previous month due to higher price of paper cartons/boxes (2%) and laminated paper, books/periodicals/journals, paper for printing / poster, printing and writing paper and cream laid woven paper (1% each). The index for Leather Leather Products group rose by 0.7 percent to 136.1 (provisional) from 135.1 (provisional) for the previous month due to higher price of leather garments jackets (2%) and leather footwear (1%). However, the price of leathers (1 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... %) declined. The index for Rubber Plastic Products group rose by 0.1 percent to 139.7 (provisional) from 139.5 (provisional) for the previous month due to higher price of scooter/motor cycle tyre and plastic films sheet (4% each) and expendable polystyrene and polysthene/pvc foam (3% each). The index for Chemicals Chemical Products group rose by 0.2 percent to 146.1 (provisional) from 145.8 (provisional) for the previous month due to higher price of washing soap and explosives (3% each), synthetic resin and pesticides (2% each) and toilet soap (1%). However, the price of ammonium sulphate (3%), di ammonium phosphate (2%) and basic organic chemicals and ayurvedic medicines (1% each) declined. The index for Non-Metallic Mineral Products group declined by 1.1 percent to 164.8 (provisional) from 166.6 (provisional) for the previous month due to lower price of marbles (3%), polished granite and bricks tiles (2% each) and grey cement (1%). However, the price of railway sleeper (1%) moved up. The index for Basic Metals, Alloys Metal Products group declined by 0.3 percent to 163.8 (provisional) from 164.3 (provisional) for the previous month due to lower price of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... silver (5%), gold gold ornaments (3%), aluminium (2%) and sheets, pig iron, steel rods, melting scrap and brass (1% each). However, the price of pressure cooker and steel structures (2% each) and metal containers, ferro silicon, copper/copper ingots, furniture and sponge iron (1% each) moved up. The index for Machinery Machine Tools group rose by 0.4 percent to 130.1 (provisional) from 129.6 (provisional) for the previous month due to higher price of ball/roller bearing and control equipments (6%each), industrial furnaces (4%), communication equipments and pump assembly (3% each), thresher, grinding /wet coffee machinery and batteries (2% each), insulators, industrial valves, engines, electric motors, pvc insulated cable and electric generators (1% each). However, the price of fibre optic cable and lamps (2% each) and computers and t.v.sets (1% each) declined. The index for Transport, Equipment Parts group declined by 0.2 percent to 132.1 (provisional) from 132.4 (provisional) for the previous month due to lower price of bi-cycles (3%) and motor vehicles (1%). However, the price of shafts (all kinds) (1%) moved up. FINAL INDEX FOR THE MONTH OF MARCH , 2013 (B ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ASE YEAR: 2004-05=100) For the month of March, 2013, the final Wholesale Price Index for All Commodities (Base: 2004-05=100) stood at 170.1 as compared to 170.6 (provisional) and annual rate of inflation based on final index stood at 5.65 percent as compared to 5.96 percent respectively as reported on 14.03.2013. Annexure-I Wholesale Price Index and Rates of Inflation (Base Year: 2004-05=100) Month of May, 2013 Commodities/Major Groups/Groups/Sub-Groups Weight WPI May, 2013 Latest month over month Build up from March Year on year 2012-13 2013-14 2012-13 2013-14 2012-13 2013-14 ALL COMMODITIES 100.00000 171.6 0.24 0.06 1.80 0.88 7.55 4.70 PRIMARY ARTICLES 20.11815 229.3 -0.28 0.57 3.46 2.78 10.31 6.65 Food Articles 14.33709 223.1 -0.53 1.50 4.57 4.20 10.63 8.25 Cereals 3.37323 213.8 0.00 0.33 2.22 0 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... .61 5.62 16.01 Rice 1.79348 210.9 0.39 1.59 1.48 2.28 4.89 18.48 Wheat 1.11595 201.3 -0.33 -1.42 3.83 -2.00 6.75 12.65 Pulses 0.71662 231.6 3.60 -0.47 3.95 -0.64 16.77 5.95 Vegetables 1.73553 235.6 -5.43 9.02 18.26 26.12 49.90 4.85 Potato 0.20150 196.5 17.09 15.86 60.74 34.04 72.17 -3.44 Onion 0.17794 272.8 -1.00 1.94 1.62 -4.82 -8.05 97.40 Fruits 2.10717 197.0 -0.96 -0.71 10.60 5.69 -6.07 0.97 Milk 3.23818 213.2 0.59 0.99 1.39 1.43 11.90 4.46 Egg, Meat Fish 2.41384 257.0 0.57 1.26 0.74 0.55 17.13 11.21 Non-Food Articles 4.25756 208.5 2.00 -0.57 4.69 0.43 8.57 4.88 Fibres 0.87737 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 219.1 2.48 0.00 3.80 -0.05 -16.52 8.41 Oil Seeds 1.78051 207.6 3.26 -1.19 7.30 1.22 19.12 12.95 Minerals 1.52350 346.5 -2.13 -2.39 -4.01 -1.51 11.49 0.61 FUEL POWER 14.91021 192.0 0.06 -1.34 0.62 0.21 11.53 7.32 Liquefied petroleum gas 0.91468 160.4 -0.13 -12.45 0.95 -0.80 15.36 7.87 Petrol 1.09015 174.8 2.93 -4.53 2.93 -7.71 10.51 -4.43 High speed diesel 4.67020 203.3 0.00 -0.20 0.00 0.79 9.24 21.16 MANUFACTURED PRODUCTS 64.97164 149.1 0.56 0.27 1.40 0.27 5.24 3.11 Food Products 9.97396 167.1 0.90 0.78 1.82 0.91 5.80 6.50 Sugar 1.73731 191.9 1.30 -0.16 1.94 0.05 5.24 7.33 Edible Oils 3.04293 146.9 1.1 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 1 1.17 2.97 0.14 10.37 0.75 Beverages, Tobacco Tobacco Product 1.76247 181.9 0.59 0.39 1.43 0.17 8.24 6.56 Cotton Textiles 2.60526 152.2 1.19 1.00 2.05 1.40 -7.92 5.55 Man Made Textiles 2.20573 126.7 0.50 -0.31 0.92 -0.63 -0.33 4.54 Wood Wood Products 0.58744 174.3 0.24 0.17 1.03 0.11 7.21 4.68 Paper Paper Products 2.03350 140.7 0.30 0.50 1.13 0.36 2.05 4.84 Leather Leather Products 0.83509 136.1 0.53 0.74 0.84 1.04 4.08 2.48 Rubber Plastic Products 2.98697 139.7 0.52 0.14 0.89 0.14 2.18 2.87 Chemicals Chemical Products 12.01770 146.1 0.78 0.21 1.58 0.14 7.28 3.32 Non-Metallic Mineral Products 2.55597 164.8 0.13 -1.08 1.07 -1.20 6.46 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 3.06 Cement Lime 1.38646 169.8 0.00 -1.16 1.10 -1.45 6.18 2.97 Basic Metals Alloys Metal Product 10.74785 163.8 0.24 -0.30 1.84 -0.61 10.65 -1.50 Iron Semis 1.56301 155.1 -0.42 -0.26 1.39 0.19 16.18 -7.29 Machinery Machine Tools 8.93148 130.1 0.47 0.39 0.47 0.54 2.50 2.44 Transport Equipment Parts 5.21282 132.1 0.39 -0.23 0.71 -0.08 4.52 3.77 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-13 Apr-13 Mar-13 Feb-13 Jan-13 Dec-12 ALL CO ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... MMODITIES 100.00 4.70 4.89 5.65 7.28 7.31 7.31 PRIMARY ARTICLES 20.12 6.65 5.75 7.36 10.54 11.41 10.56 Food Articles 14.34 8.25 6.08 8.63 11.95 12.35 10.63 Cereals 3.37 16.01 15.63 17.86 18.63 18.60 19.08 Rice 1.79 18.48 17.09 17.56 17.75 17.77 17.10 Wheat 1.12 12.65 13.89 19.35 21.81 21.87 22.63 Pulses 0.72 5.95 10.28 10.84 13.95 15.89 16.25 Vegetables 1.74 4.85 -9.05 -1.68 19.88 30.02 14.36 Potato 0.20 -3.44 -2.42 15.80 50.14 73.10 58.03 Onion 0.18 97.40 91.69 110.74 182.36 125.17 72.79 Fruits 2.11 0.97 0.71 5.67 10.16 10.28 4.84 Milk 3.24 4.46 4.04 4.42 4.52 4.52 6.15 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Egg, Meat Fish 2.41 11.21 10.44 11.42 12.37 11.20 12.66 Non-Food Articles 4.26 4.88 7.59 9.32 10.71 13.00 13.56 Fibres 0.88 8.41 11.11 12.58 5.38 3.27 0.69 Oil Seeds 1.78 12.95 18.03 19.73 24.35 27.05 30.02 Minerals 1.52 0.61 0.88 -1.95 2.79 4.03 5.57 FUEL POWER 14.91 7.32 8.84 7.76 10.64 9.27 10.25 Liquefied petroleum gas 0.91 7.87 23.04 9.78 26.21 24.24 19.01 Petrol 1.09 -4.43 3.04 6.58 4.84 3.43 3.43 High speed diesel 4.67 21.16 21.39 20.20 20.80 18.47 14.60 MANUFACTURED PRODUCTS 64.97 3.11 3.41 4.28 4.80 4.95 5.04 Food Products 9.97 6.50 6.62 7.46 8.81 8.68 8.74 Sugar 1.74 7.33 8.90 9.35 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 10.49 10.09 9.84 Edible Oils 3.04 0.75 0.69 3.60 7.04 7.54 9.20 Beverages, Tobacco Tobacco Product 1.76 6.56 6.78 7.90 6.38 6.76 7.14 Cotton Textiles 2.61 5.55 5.75 6.23 5.27 5.10 4.89 Man Made Textiles 2.21 4.54 5.39 6.16 6.59 6.26 5.55 Wood Wood Products 0.59 4.68 4.76 5.64 5.80 6.17 6.90 Paper Paper Products 2.03 4.84 4.63 5.65 5.37 5.61 4.08 Leather Leather Products 0.84 2.48 2.27 2.28 2.84 2.44 2.66 Rubber Plastic Products 2.99 2.87 3.26 3.64 3.80 3.65 3.51 Chemicals Chemical Products 12.02 3.32 3.92 4.81 5.73 5.66 5.86 Non-Metallic Mineral Products 2.56 3.06 4.32 5.44 6.02 5.71 4.10 Cement Lime 1.39 2.97 4 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... .18 5.64 5.86 5.18 2.23 Basic Metals Alloys Metal Product 10.75 -1.50 -0.96 0.92 1.91 2.54 3.18 Iron Semis 1.56 -7.29 -7.44 -6.18 -4.03 -2.76 -0.19 Machinery Machine Tools 8.93 2.44 2.53 2.37 2.38 2.62 2.55 Transport Equipment Parts 5.21 3.77 4.42 4.59 4.93 4.70 4.71 DS/RK (Release ID :96570) - 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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