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TMI BlogIndex Numbers of Wholesale Price in India (Base: 2004-05=100) Review for the month of January, 2014X 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 January, 2014 - News and Press Release Dated:- 14-2-2014 - News - The official Wholesale Price Index for All Commodities (Base: 2004-05 = 100) for the month of January, 2014 declined by 0.2 percent to 178.9 (provisional) from 179.2 (provisional) for the previous month. INFLATION The annual rate of inflation, based on monthly WPI, stood at 5.05% (provisional) for the month of January, 2014 (over January, 2013) as compared to 6.16% (provisional) for the previous month and 7.31% during the corresponding month of the previous year. Build up inflation rate in the financial year so far was 5.17% compared to a build up rate of 5.78% 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 1.9 percent to 238.9 (provisional) from 243.6 (provisional) for the previous month. The groups and items which showed variations during the month are as follows ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... :- The index for `Food Articles` group declined by 2.7 percent to 233.6 (provisional) from 240.1 (provisional) for the previous month due to lower price of fruits vegetables (11%), maize (3%), ragi (2%) and gram, coffee, arhar and tea (1% each). However, the price of poultry chicken (5%), pork (3%), urad and egg (2% each) and moong, bajra, condiments spices, masur, fish-inland, beef buffalo meat and fish-marine (1% each) moved up. The index for `Non-Food Articles` group rose by 0.1 percent to 216.0 (provisional) from 215.8 (provisional) for the previous month due to higher price of guar seed (8%), raw cotton (6%), copra (coconut) (4%), mesta (3%), castor seed (2%) and fodder, linseed and raw jute (1% each). However, the price of logs timber (13%), flowers (11%), raw silk (9%), safflower (kardi seed) (4%), gingelly seed (3%), soyabean (2%) and tobacco, cotton seed and raw rubber (1% each) declined. The index for `Minerals` group declined by 0.4 percent to 352.9 (provisional) from 354.2 (provisional) for the previous month due to lower price of barytes (3%) and crude petroleum (1%). However, the price of copper ore (5 %), steatite (4%), zinc concentrate (3%) and chrom ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ite (2%) moved up. FUEL POWER (Weight 14.91%) The index for this major group rose by 0.7 percent to 212.8 (provisional) from 211.3 (provisional) for the previous month due to higher price of lpg (5%), aviation turbine fuel and petrol (2% each) and furnace oil, kerosene, high speed diesel and bitumen (1% each). MANUFACTURED PRODUCTS (Weight 64.97%) The index for this major group rose by 0.5 percent to 152.6 (provisional) from 151.9 (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 declined by 0.4 percent to 169.1(provisional) from 169.7 (provisional) for the previous month due to lower price of vanaspati and gur (3% each), rice bran oil, khandsari and groundnut oil (2% each) and gingelly oil, wheat flour (atta), gola (cattle feed), sugar, oil cakes, sunflower oil and mixed spices (1% each). However, the price of copra oil (4%), processed prawn (3%), cotton seed oil (2%) and tea dust (blended), ghee, powder milk and sooji (rawa) (1% each) moved up. The index for `Beverages, Tobacco Tobacco Products` group rose by 1.2 percent to 188.1 (provision ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... al) from 185.9 (provisional) for the previous month due to higher price of dried tobacco (5%), rectified spirit (4%), cigarette (3%) and soft drinks carbonated water (1%). The index for `Textiles` group rose by 0.5 percent to 140.9 (provisional) from 140.2 (provisional) for the previous month due to higher price of tyre cord fabric (4%) and jute sacking cloth (1%). However, the price of cotton yarn (1%) declined. The index for `Wood Wood Products` group rose by 1.8 percent to 179.0 (provisional) from 175.8 (provisional) for the previous month due to higher price of processed wood (8%). The index for `Paper Paper Products` group rose by 0.3 percent to 144.7 (provisional) from 144.3 (provisional) for the previous month due to higher price of books/ periodicals/ journals (3%), laminated paper and card board (2% each) and computer stationery, cream laid woven paper, paper rolls and newspaper (1% each). However, the price of paper pulp (6%), corrugated sheet boxes (2%) and paper cartons/boxes and kraft paper bags (1% each) declined. The index for `Leather Leather Products` group rose by 0.2 percent to 144.3 (provisional) from 144.0 (provisional) for the previous mont ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... h due to higher price of leather handbags/ wallet (4%) and footwear/safety boot and leather shoe upper (1% each). However, the prices of leather gloves (6%) and leather sole (1%) declined. The index for `Rubber Plastic Products` group rose by 0.3 percent to 148.3 (provisional) from 147.8 (provisional) for the previous month due to higher price of tubes (3%) and plastic products (1%). The index for `Chemicals Chemical Products` group rose by 0.5 percent to 150.0 (provisional) from 149.2 (provisional) for the previous month due to higher price of basic organic chemicals (5%), hair / body oils, washing powder and rubber chemicals (2% each) and vitamins, thermocol, washing soap, dye dye intermediates and turpentine oil (1% each). However, the price of synthetic resin (4%), non-cyclic compound (3%) and pigment pigment intermediates (2%) declined. The index for `Basic Metals, Alloys Metal Products` group rose by 1.4 percent to 165.9 (provisional) from 163.6 (provisional) for the previous month due to higher price of sheets (16%), steel castings, silver and gold gold ornaments (3% each), melting scrap, aluminium and pig iron (2% each) and steel rods, sponge iron, hrc, pl ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ates, steel structures, rounds, angles, wire rods, gp/gc sheets, ferro silicon, crc and metal containers (1% each). However, the price of ferro manganese and brass (1% each) declined. The index for `Machinery Machine Tools` group rose by 0.3 percent to 132.5 (provisional) from 132.1 (provisional) for the previous month due to higher price of control equipments (6%), loader and electrical wires (4 % each), conductor (3%) and industrial furnaces, textile machinery, pump assembly, electrical pumps, electric motors, ball/roller bearing and electronic pcb /micro circuit (1% each). However, the price of sprinkler (7%), communication equipments (3%), fans (2%) and air conditioner refrigerators and electric switch gears (1% each) declined. The index for `Transport, Equipment Parts` group rose by 0.1 percent to 135.8 (provisional) from 135.6 (provisional) for the previous month due to higher price of auto parts (1%). FINAL INDEX FOR THE MONTH OF NOVEMBER, 2013 (BASE YEAR: 2004-05=100) For the month of November, 2013, the final Wholesale Price Index for All Commodities (Base: 2004-05=100) and annual rate of inflation remained unchanged at its provisional level of 18 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 1.5 and 7.52 percent respectively as reported on 16.12.2013. Next date of press release: 14/03/2014 for the month of February, 2014 Office of Economic Adviser, 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 January, 2014 Commodities/Major Groups/Groups/Sub-Groups Weight WPI Jan, 2014 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 178.9 0.89 -0.17 5.78 5.17 7.31 5.05 PRIMARY ARTICLES 20.11815 238.9 1.68 -1.93 7.60 7.08 11.41 6.84 Food Articles 14.33709 233.6 1.66 -2.71 8.93 9.11 12.35 8.80 Cereals 3.37323 229.9 0.62 -0.22 16.69 8.19 18.60 9.27 Rice 1.79348 22 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 9.9 0.05 -0.17 15.62 11.49 17.77 13.36 Wheat 1.11595 220.9 0.93 0.18 19.81 7.55 21.87 7.13 Pulses 0.71662 229.4 -1.29 -0.13 16.17 -1.59 15.89 -6.10 Vegetables 1.73553 222.7 6.11 -21.36 0.53 19.22 30.02 16.60 Potato 0.20150 208.4 -2.23 -23.04 35.23 42.16 73.10 21.73 Onion 0.17794 362.4 9.25 -16.56 150.00 26.45 125.17 6.59 Fruits 2.10717 200.0 4.40 0.81 7.65 7.30 10.28 5.32 Milk 3.23818 225.7 -0.05 0.22 4.57 7.37 4.52 7.22 Egg, Meat Fish 2.41384 281.9 1.64 1.22 10.77 10.29 11.20 10.94 Non-Food Articles 4.25756 216.0 1.67 0.09 8.95 4.05 13.00 4.40 Fibres 0.87737 244.8 0.10 3.60 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 5.50 11.68 3.27 19.18 Oil Seeds 1.78051 203.1 1.76 -0.39 21.19 -0.98 27.05 -2.17 Minerals 1.52350 352.9 1.90 -0.37 -1.45 0.31 4.03 -0.20 FUEL POWER 14.91021 212.8 1.58 0.71 8.77 11.06 9.27 10.03 Liquefied petroleum gas 0.91468 180.4 4.39 4.52 24.24 11.56 24.24 -1.42 Petrol 1.09015 197.0 0.00 1.65 3.43 4.01 3.43 7.18 High speed diesel 4.67020 226.6 3.38 0.71 18.47 12.35 18.47 13.98 MANUFACTURED PRODUCTS 64.97164 152.6 0.34 0.46 4.14 2.62 4.95 2.76 Food Products 9.97396 169.1 -0.06 -0.35 8.11 2.11 8.68 1.50 Sugar 1.73731 185.1 -1.71 -0.91 11.35 -3.49 10.09 -5.22 Edible Oils 3.04293 146.7 0.07 -0. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 74 5.72 0.00 7.54 -2.00 Beverages, Tobacco Tobacco Product 1.76247 188.1 0.73 1.18 6.00 3.58 6.76 5.44 Cotton Textiles 2.60526 157.9 0.21 -0.75 3.54 5.20 5.10 7.93 Man Made Textiles 2.20573 133.1 1.35 -0.15 6.00 4.39 6.26 4.56 Wood Wood Products 0.58744 179.0 0.23 1.82 5.52 2.81 6.17 2.93 Paper Paper Products 2.03350 144.7 1.23 0.28 5.05 3.21 5.61 3.80 Leather Leather Products 0.83509 144.3 -0.44 0.21 2.13 7.13 2.44 7.29 Rubber Plastic Products 2.98697 148.3 0.43 0.34 3.42 6.31 3.65 6.54 Chemicals Chemical Products 12.01770 150.0 0.76 0.54 4.60 2.81 5.66 3.02 Non-Metallic Mineral Products 2.55597 165.6 1.48 0.00 4.17 -0.72 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 5.71 0.49 Cement Lime 1.38646 164.0 2.12 0.31 3.25 -4.82 5.18 -2.61 Basic Metals Alloys Metal Product 10.74785 165.9 -0.06 1.41 1.22 0.67 2.54 0.36 Iron Semis 1.56301 153.9 -0.96 0.85 -6.00 -0.58 -2.76 -0.77 Machinery Machine Tools 8.93148 132.5 0.31 0.30 2.29 2.40 2.62 2.47 Transport Equipment Parts 5.21282 135.8 0.15 0.15 3.96 2.72 4.70 3.35 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 Jan-14 Dec-13 Nov-13 Oct-13 Sep-13 Aug-13 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ALL COMMODITIES 100.00 5.05 6.16 7.52 7.24 7.05 6.99 PRIMARY ARTICLES 20.12 6.84 10.78 15.29 14.59 14.03 13.57 Food Articles 14.34 8.80 13.68 19.69 18.34 18.68 19.17 Cereals 3.37 9.27 10.19 11.27 11.37 13.44 15.57 Rice 1.79 13.36 13.62 14.99 14.45 18.61 21.33 Wheat 1.12 7.13 7.93 7.01 7.88 7.31 9.38 Pulses 0.72 -6.10 -7.19 -9.90 -10.72 -13.42 -14.70 Vegetables 1.74 16.60 57.33 97.72 80.20 91.15 80.96 Potato 0.20 21.73 54.65 34.99 0.17 -12.28 -15.25 Onion 0.18 6.59 39.56 201.15 293.29 335.88 272.54 Fruits 2.11 5.32 9.07 13.57 15.83 13.65 8.33 Milk 3.24 7.22 6.93 6.92 5.64 5.77 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 6.02 Egg, Meat Fish 2.41 10.94 11.40 12.02 17.55 13.37 20.15 Non-Food Articles 4.26 4.40 6.04 7.45 7.14 4.92 1.21 Fibres 0.88 19.18 15.16 19.00 23.41 19.00 11.79 Oil Seeds 1.78 -2.17 -0.05 1.58 1.07 -5.12 -6.74 Minerals 1.52 -0.20 2.07 2.26 4.56 2.33 1.99 FUEL POWER 14.91 10.03 10.98 11.08 10.54 11.72 12.66 Liquefied petroleum gas 0.91 -1.42 -1.54 11.23 13.51 11.42 8.39 Petrol 1.09 7.18 5.44 4.42 5.27 9.64 3.29 High speed diesel 4.67 13.98 17.00 15.65 14.61 20.24 27.76 MANUFACTURED PRODUCTS 64.97 2.76 2.64 2.91 2.84 2.36 2.31 Food Products 9.97 1.50 1.80 2.40 2.34 1.61 2.43 Sugar 1.74 -5.2 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 2 -5.99 -7.73 -8.21 -7.39 -4.75 Edible Oils 3.04 -2.00 -1.20 0.20 -0.27 -2.72 -2.86 Beverages, Tobacco Tobacco Product 1.76 5.44 4.97 4.64 3.72 3.58 4.17 Cotton Textiles 2.61 7.93 8.97 8.44 8.72 7.85 7.30 Man Made Textiles 2.21 4.56 6.13 7.55 7.34 6.52 6.17 Wood Wood Products 0.59 2.93 1.33 4.25 4.67 4.74 3.86 Paper Paper Products 2.03 3.80 4.79 4.67 4.32 4.11 3.91 Leather Leather Products 0.84 7.29 6.59 7.77 8.12 8.40 6.29 Rubber Plastic Products 2.99 6.54 6.64 7.33 7.04 6.32 5.83 Chemicals Chemical Products 12.02 3.02 3.25 3.54 3.40 3.47 3.28 Non-Metallic Mineral Products 2.56 0.49 1.97 1.47 0.73 -0.06 0.85 Cement Li ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... me 1.39 -2.61 -0.85 -2.50 -3.46 -3.86 -1.98 Basic Metals Alloys Metal Product 10.75 0.36 -1.09 -0.90 -1.20 -2.03 -2.16 Iron Semis 1.56 -0.77 -2.55 -5.81 -5.36 -7.82 -8.03 Machinery Machine Tools 8.93 2.47 2.48 2.80 2.57 2.26 2.10 Transport Equipment Parts 5.21 3.35 3.35 3.82 4.22 3.85 3.72 - 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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