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TMI BlogIndex Numbers of Wholesale Price in India (Base: 2004-05=100) Review for the month of February, 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 February, 2014 - News and Press Release Dated:- 14-3-2014 - News - The official Wholesale Price Index for All Commodities (Base: 2004-05 = 100) for the month of February, 2014 has remained unchanged at its previous month level of 178.9 (provisional). INFLATION The annual rate of inflation, based on monthly WPI, stood at 4.68% (provisional) for the month of February, 2014 (over February,2013) as compared to 5.05% (provisional) for the previous month and 7.28% 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 6.15% in the corresponding period of the p ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... revious 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 0.1 percent to 238.6 (provisional) from 238.9 (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 0.3 percent to 232.9 (provisional) from 233.6 (provisional) for the previous month due to lower price of poultry chicken (11%), egg (5%), gram and fruits vegetables (3% each), maize and barley (2% each) and ragi, tea, bajra and arhar (1% each). However, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the price of fish-inland (6%), jowar and moong (3% each), masur and urad (2% each) and milk, rice and mutton (1% each) moved up. The index for Non-Food Articles group rose by 0.6 percent to 217.4 (provisional) from 216.0 (provisional) for the previous month due to higher price of raw silk (10%), fodder (5%), copra (coconut) (4%), soyabean (3%), cotton seed (2%) and groundnut seed, flowers and raw cotton (1% each). However, the price of castor seed (5%), rape mustard seed (4%), niger seed and raw rubber (3% each), sunflower, gingelly seed and safflower (2% each) and guar seed, coir fibre and linseed (1% each) declined. The index for Minerals group declined by 0.2 percent to 352.1 (provisional) from 352.9 (provisional) for the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... previous month due to lower price of dolomite (7%) and crude petroleum and zinc concentrate (1% each). However, the price of sillimanite (6%), barytes and copper ore (5% each), steatite (4%) and chromite and iron ore (1% each) moved up. FUEL POWER (Weight 14.91%) The index for this major group decline by 0.1 percent to 212.6 (provisional) from 212.8 (provisional) for the previous month due to lower price of coking coal (7%), aviation turbine fuel, kerosene and electricity (agricultural) (2% each) and LPG (1%). However, petrol and high speed diesel (1% each) moved up. MANUFACTURED PRODUCTS (Weight 64.97%) The index for this major group rose by 0.1 percent to 152.7 (provisional) from 152.6 (provisional) for the previous ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 0.5 percent to 168.2 (provisional) from 169.1 (provisional) for the previous month due to lower price of tea leaf (blended) (10%), tea leaf (unblended) (7%), gram powder (besan) (5%), gur, gingelly oil, sunflower oil and sugar (2% each) and copra oil, oil cakes and groundnut oil (1% each). However, the price of tea dust (blended) (4%), gola (cattle feed) and processed prawn (3% each), bakery products, mixed spices and powder milk (2% each) and rice bran oil, tea dust (unblended) and cotton seed oil (1% each) moved up. The index for Beverages, Tobacco Tobacco Products group decl ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ined by 0.3 percent to 187.6 (provisional) from 188.1 (provisional) for the previous month due to lower price of soft drinks carbonated water (1%). The index for Textiles group declined by 0.4 percent to 140.4 (provisional) from 140.9 (provisional) for the previous month due to lower price of tyre cord fabric (2%). However, the price of cotton yarn, man made fibre, man made fabric and cotton fabric (1% each) moved up. The index for Wood Wood Products group rose by 1.7 percent to 182.1 (provisional) from 179.0 (provisional) for the previous month due to higher price of plywood fibre board (3%) and timber / wooden planks (1%). The index for Paper Paper Products group rose by 1.0 percent to 146.2 (provisional) from ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 144.7 (provisional) for the previous month due to higher price of newsprint (15%), newspaper (4%), paper for printing/poster and paper cartons/boxes (3% each) and printing and writing paper (1%). The index for Leather Leather Products group rose by 0.7 percent to 145.3 (provisional) from 144.3 (provisional) for the previous month due to higher price of leather garments jackets (5%) and leathers (1%). However, the price of leather footwear (1%) declined. The index for Rubber Plastic Products group rose by 0.1 percent to 148.4 (provisional) from 148.3 (provisional) for the previous month due to higher price of automobile rubber padding (8%), foot ball (6%), polythene/plastic granule (3%), hdpe bag (2%) and other rubber tubes ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... and plastic/ldpe/polythene bag (1% each). However, the price of rubber moulded goods (9%), expandable polystyrene and polyester chips (1%) declined. The index for Chemicals Chemical Products group rose by 0.5 percent to 150.8 (provisional) from 150.0 (provisional) for the previous month due to higher price of agarbattis and tooth paste/tooth powder (10% each), dye dye intermediates (4%), ayurvedic medicines (3%), turpentine oil (2%), pigment pigment intermediates, ammonium sulphate, hair/body oils, distemper, thermocol, explosives and basic organic chemicals (1% each). However, the price of rubber chemicals and antacid digestive preparations (1% each) declined. The index for Non-Metallic Mineral Products group r ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ose by 0.5 percent to 166.5 (provisional) from 165.6 (provisional) for the previous month due to higher price of railway sleeper (5%), bricks tiles (2%) and grey cement (1%). However, the price of marbles (2%) declined. The index for Basic Metals, Alloys Metal Products group rose by 0.4 percent to 166.6 (provisional) from 165.9 (provisional) for the previous month due to higher price of sponge iron (4%), melting scrap (2%) and pencil ingots, ferro manganese, copper / copper ingots, iron castings, silver, gold gold ornaments, sheets, steel rods, pig iron, rounds, angles, iron steel wire, wire rods and gp/gc sheets (1% each). However, the price of steel castings (2%) and ferro chrome, hdpe woven sacks and plates (1% each) decl ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ined. The index for Machinery Machine Tools group declined by 0.1 percent to 132.4 (provisional) from 132.5 (provisional) for the previous month due to lower price of control equipments and electric motors (3% each) and machine tools and pvc insulated cable (1% each). However, the price of fibre optic cable (5%), fans, conductor, lifts and air conditioner refrigerators (2% each) and insulators (1%) moved up. The index for Transport, Equipment Parts group declined by 0.2 percent to 135.5 (provisional) from 135.8 (provisional) for the previous month due to lower price of bus / mini bus / truck and parts of ships/boats etc. (1% each). However, the price of shafts (all kinds) (1%) moved up. FINAL INDEX FOR THE MONTH OF DE ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... CEMBER, 2013 (BASE YEAR: 2004-05=100) For the month of December, 2013, the final Wholesale Price Index for All Commodities (Base: 2004-05=100) stood at 179.6 as compared to 179.2 (provisional) and annual rate of inflation based on final index stood at 6.40 percent as compared to 6.16 percent respectively as reported on 15.01.2014. Next date of press release: 14/04/2014 for the month of March, 2014 Office of Economic Adviser, Ministry of Commerce Industry, New Delhi, Click here to see Annexure : - 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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