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TMI BlogIndex Numbers of Wholesale Price in India (Base: 2004-05=100) Review for the month of October, 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 October, 2013 - News and Press Release Dated:- 14-11-2013 - News - The official Wholesale Price Index for All Commodities (Base: 2004-05 = 100) for the month of October, 2013 rose by 0.3 percent to 180.3 (provisional) from 179.7 (provisional) for the previous month. INFLATION The annual rate of inflation, based on monthly WPI, stood at 7.00% (provisional) for the month of October, 2013 (over October, 2012) as compared to 6.46% (provisional) for the previous month and 7.32% during the corresponding month of the previous year. Build up inflation rate in the financial year so far was 6.00% compared to a build up rate of 4.66% 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 remained unchanged at its previous month level of 251.6 (provisional). The groups and items which showed variations during the month are as follows:- The index for Food Art ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... icles group declined by 0.4 percent to 251.4 (provisional) from 252.3 (provisional) for the previous month due to lower price of ragi and maize (5% each), tea (4%) and poultry chicken, fruits vegetables and fish-marine (3% each). However, the price of fish-inland (8%), moong (5%), coffee (3%), condiments spices, egg, wheat, urad and pork (2% each) and rice, mutton, beef buffalo meat, barley and arhar (1% each) moved up. The index for Non-Food Articles group declined by 0.7 percent to 212.3 (provisional) from 213.7 (provisional) for the previous month due to lower price of guar seed (16%), logs timber (13%), raw rubber (11%), sunflower (4%), raw cotton (3%), castor seed (2%) and soyabean, gingelly seed and linseed (1% each). However, the price of copra (coconut) (12%), raw jute (6%), groundnut seed (5%), niger seed (2%) and coir fibre (1%) moved up. The index for Minerals group rose by 3.3 percent to 363.7 (provisional) from 352.1 (provisional) for the previous month due to higher price of zinc concentrate and crude petroleum (8% each) and copper ore (3%). However, the price of sillimanite (8%), iron ore (6%), phosphorite (2%) and chromite (1%) declined. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... FUEL POWER (Weight 14.91%) The index for this major group rose by 0.9 percent to 209.4 (provisional) from 207.5 (provisional) for the previous month due to higher price of electricity (agricultural) (13%), electricity (industry) (10%), electricity (domestic) (5%), electricity (commercial) and electricity (railway traction) (4% each), aviation turbine fuel (3%) and bitumen, lubricants and kerosene (1% each). However, the price of petrol (4%) and furnace oil (3%) declined. MANUFACTURED PRODUCTS (Weight 64.97%) The index for this major group rose by 0.4 percent to 151.6 (provisional) from 151.0 (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 declined by 0.1 percent to 169.8 (provisional) from 170.0 (provisional) for the previous month due to lower price of tea leaf (blended) (3%), tea dust (unblended) (2%) and tea dust (blended), sugar, gur, sunflower oil and khandsari (1% each). However, the price of processed prawn (4%), ghee, mixed spices, cotton seed oil, oil cakes and copra oil (1% each) moved up. The index for Beverages, Tobacco Tobacco Produ ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... cts group rose by 0.9 percent to 182.9 (provisional) from 181.2 (provisional) for the previous month due to higher price of dried tobacco (9%), chewing tobacco (scented or not ) (4 %), imfl-blended (2%) and soft drinks carbonated water and rectified spirit (1% each). The index for Textiles group rose by 1.0 percent to 139.7 (provisional) from 138.3 (provisional) for the previous month due to higher price of woollen textiles (3%) and tyre cord fabric, cotton yarn, jute sacking bag, man made fabric and man made fibre (1% each). However, the price of gunny and hessian cloth (4%) declined. The index for Paper Paper Products group rose by 1.1 percent to 142.3 (provisional) from 140.8 (provisional) for the previous month due to higher price of paper pulp, computer stationery and newspaper (3% each), printing and writing paper and corrugated sheet boxes (2% each) and paper cartons / boxes, paper rolls, cream laid woven paper, paper for printing / poster and kraft paper bags (1% each). The index for Leather Leather Products group declined by 0.9 percent to 143.8 (provisional) from 145.1 (provisional) for the previous month due to lower price of leather footwear (1% ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ). The index for Rubber Plastic Products group rose by 0.5 percent to 146.6 (provisional) from 145.8 (provisional) for the previous month due to higher price of rubber products (2%) and tyres (1%). The index for Chemicals Chemical Products group rose by 0.1 percent to 148.9 (provisional) from 148.7 (provisional) for the previous month due to higher price of washing powder, safety matches/ match box, pesticides and pigment pigment intermediates (2% each) and castor oil, basic organic chemicals, organic manure, hair / body oils and paints (1% each). However, the price of synthetic resin (5%) and thermocol, rubber chemicals, explosives, washing soap, distemper, dye dye intermediates, non-cyclic compound and vitamins (1% each) declined. The index for Basic Metals, Alloys Metal Products group rose by 0.6 percent to 164.1 (provisional) from 163.1 (provisional) for the previous month due to higher price of ferro chrome (5%), sheets (4%), silver (3%), steel castings (2%) and hrc, ferro manganese, melting scrap, pressure cooker, ferro silicon, furniture, crc and steel: pipes tubes (1% each). However, the price of wire rods and pipes/tubes/rods/strips (1% each) de ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... clined. The index for Machinery Machine Tools group rose by 0.4 percent to 131.6 (provisional) from 131.1 (provisional) for the previous month due to higher price of battery dry cells (9%), electric motors (3%), chemical plant equipments, ups / stabilizer and air conditioner refrigerators (2% each) and capacitors, batteries, t.v.sets and electric switch gears (1% each). However, the price of t.v. accessories (5%), conductor (3%) and fibre optic cable and lamps (2% each) declined. The index for Transport, Equipment Parts group rose by 1.2 percent to 135.7 (provisional) from 134.1 (provisional) for the previous month due to higher price of auto rickshaw / tempo / matador (4%), motor cycle / scooter / moped, motor vehicles and railway axle wheel (2% each) and bi-cycles (1%). FINAL INDEX FOR THE MONTH OF AUGUST, 2013 (BASE YEAR: 2004-05=100) For the month of August, 2013, the final Wholesale Price Index for All Commodities (Base: 2004-05=100) stood at 179.0 as compared to 177.5 (provisional) and annual rate of inflation based on final index stood at 6.99 percent as compared to 6.10 percent respectively as reported on 16.09.2013. Annexure-I Wholesale P ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rice Index and Rates of Inflation (Base Year: 2004-05=100) Month of October, 2013 Commodities/Major Groups/Groups/Sub-Groups Weight WPI Oct, 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 180.3 -0.18 0.33 4.66 6.00 7.32 7.00 PRIMARY ARTICLES 20.11815 251.6 -0.99 0.00 5.58 12.77 7.81 14.68 Food Articles 14.33709 251.4 -0.19 -0.36 7.91 17.42 6.72 18.19 Cereals 3.37323 229.6 1.69 0.75 13.70 8.05 16.28 12.00 Rice 1.79348 234.5 3.90 1.21 15.56 13.72 14.97 15.69 Wheat 1.11595 213.6 -0.20 1.67 15.05 3.99 19.78 7.88 Pulses 0.71662 227.8 -1.65 0.89 21.97 -2.27 19.86 -11.19 Vegetables ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 1.73553 363.9 0.89 -4.96 7.37 94.81 -9.05 78.38 Potato 0.20150 228.2 -4.82 8.20 82.46 55.66 49.13 -1.21 Onion 0.17794 795.0 8.35 -3.11 54.56 177.39 -9.12 278.21 Fruits 2.10717 213.1 -2.75 -0.70 4.20 14.32 3.43 15.94 Milk 3.23818 220.5 0.72 0.27 4.02 4.90 6.35 5.30 Egg, Meat Fish 2.41384 287.1 -1.61 1.95 6.54 12.32 13.10 17.47 Non-Food Articles 4.25756 212.3 -2.17 -0.66 4.69 2.26 11.43 6.79 Fibres 0.87737 253.0 -4.52 -1.75 5.29 15.42 -4.74 23.41 Oil Seeds 1.78051 199.5 -5.02 1.53 14.77 -2.73 27.25 1.48 Minerals 1.52350 363.7 -3.52 3.29 -5.30 3.38 8.63 7.03 FUEL POWER 14.91021 209.4 0.69 0.9 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 2 6.75 9.29 11.65 10.33 Liquefied petroleum gas 0.91468 162.6 0.94 0.18 2.04 0.56 2.04 8.18 Petrol 1.09015 197.8 -0.42 -4.40 5.74 4.44 3.75 5.27 High speed diesel 4.67020 220.5 5.20 0.41 14.60 9.32 14.60 14.66 MANUFACTURED PRODUCTS 64.97164 151.6 -0.07 0.40 3.72 1.95 5.95 2.50 Food Products 9.97396 169.8 -0.36 -0.12 8.18 2.54 9.82 1.86 Sugar 1.73731 188.4 0.10 -1.00 17.39 -1.77 18.88 -8.50 Edible Oils 3.04293 147.0 -1.86 0.00 4.59 0.20 9.38 -0.74 Beverages, Tobacco Tobacco Product 1.76247 182.9 0.68 0.94 5.29 0.72 8.85 3.22 Cotton Textiles 2.60526 158.5 -0.61 0.70 3.89 5.60 6.30 7.97 Man Made Textiles 2.20573 132.3 - ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 0.24 0.61 3.25 3.76 3.77 6.69 Wood Wood Products 0.58744 178.4 0.12 0.00 3.88 2.47 5.81 4.21 Paper Paper Products 2.03350 142.3 0.15 1.07 2.86 1.50 3.10 4.25 Leather Leather Products 0.83509 143.8 -0.15 -0.90 1.97 6.76 2.68 7.07 Rubber Plastic Products 2.98697 146.6 0.00 0.55 2.30 5.09 3.15 6.46 Chemicals Chemical Products 12.01770 148.9 0.14 0.13 3.59 2.06 6.66 3.26 Non-Metallic Mineral Products 2.55597 164.7 -0.30 0.00 3.67 -1.26 6.63 0.43 Cement Lime 1.38646 164.8 -0.47 -0.54 4.41 -4.35 8.13 -3.23 Basic Metals Alloys Metal Product 10.74785 164.1 -0.30 0.61 2.02 -0.42 6.32 -1.50 Iron Semis 1.56301 150.4 -0.86 0.33 -1.70 -2.84 6. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 01 -7.27 Machinery Machine Tools 8.93148 131.6 0.16 0.38 1.74 1.70 2.63 2.33 Transport Equipment Parts 5.21282 135.7 0.31 1.19 3.09 2.65 4.32 4.14 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-13 Sep-13 Aug-13 July-13 June-13 May-13 ALL COMMODITIES 100.00 7.00 6.46 6.99 5.85 5.16 4.58 PRIMARY ARTICLES 20.12 14.68 13.54 13.57 9.68 8.79 5.72 Food Articles 14.34 18.19 18.40 19.17 12.29 10.27 8.25 Cereals 3.37 12.00 13.05 15.57 17.71 17.87 15.95 Rice ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 1.79 15.69 18.76 21.33 21.15 20.43 18.48 Wheat 1.12 7.88 5.90 9.38 13.64 13.94 12.37 Pulses 0.72 -11.19 -13.42 -14.70 -7.43 1.59 5.95 Vegetables 1.74 78.38 89.37 80.96 46.85 17.36 5.21 Potato 0.20 -1.21 -13.10 -15.25 -6.13 -8.38 1.28 Onion 0.18 278.21 322.94 272.54 146.43 114.76 94.28 Fruits 2.11 15.94 13.54 8.33 -4.80 0.86 0.67 Milk 3.24 5.30 5.77 6.02 3.02 4.08 4.46 Egg, Meat Fish 2.41 17.47 13.37 20.15 12.02 12.48 11.38 Non-Food Articles 4.26 6.79 5.17 1.21 5.71 7.73 4.88 Fibres 0.88 23.41 19.93 11.79 11.40 14.83 8.41 Oil Seeds 1.78 1.48 -5.07 -6.74 2.70 9.94 12.79 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Minerals 1.52 7.03 -0.03 1.99 0.48 1.32 -7.03 FUEL POWER 14.91 10.33 10.08 12.66 11.36 7.51 7.27 Liquefied petroleum gas 0.91 8.18 9.00 8.39 5.78 7.80 7.87 Petrol 1.09 5.27 9.64 3.29 1.33 -6.89 -4.70 High speed diesel 4.67 14.66 20.13 27.76 26.34 23.36 21.22 MANUFACTURED PRODUCTS 64.97 2.50 2.03 2.31 2.60 2.89 3.25 Food Products 9.97 1.86 1.61 2.43 4.29 6.41 6.63 Sugar 1.74 -8.50 -7.49 -4.75 2.20 6.93 7.10 Edible Oils 3.04 -0.74 -2.58 -2.86 -2.23 0.07 0.89 Beverages, Tobacco Tobacco Product 1.76 3.22 2.95 4.17 5.82 6.07 6.74 Cotton Textiles 2.61 7.97 6.57 7.30 7.37 6.21 6.31 Man Made Textiles 2.21 6.69 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 5.79 6.17 6.58 5.43 5.12 Wood Wood Products 0.59 4.21 4.33 3.86 3.22 4.59 5.23 Paper Paper Products 2.03 4.25 3.30 3.91 4.38 4.46 4.77 Leather Leather Products 0.84 7.07 7.88 6.29 5.63 5.41 3.99 Rubber Plastic Products 2.99 6.46 5.88 5.83 5.34 5.45 4.71 Chemicals Chemical Products 12.02 3.26 3.26 3.28 3.37 3.03 3.18 Non-Metallic Mineral Products 2.56 0.43 0.12 0.85 2.64 3.22 4.07 Cement Lime 1.39 -3.23 -3.16 -1.98 1.24 1.91 3.40 Basic Metals Alloys Metal Product 10.75 -1.50 -2.39 -2.16 -2.64 -2.58 -1.98 Iron Semis 1.56 -7.27 -8.37 -8.03 -8.01 -8.68 -7.59 Machinery Machine Tools 8.93 2.33 2.10 2.10 2.03 2.35 2.83 Tr ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ansport Equipment Parts 5.21 4.14 3.23 3.72 3.49 3.59 3.85 - 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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