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TMI BlogIndex Numbers of Wholesale Price in India (Base: 2004-05=100) Review for the month of February, 2016X 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, 2016 - News and Press Release Dated:- 14-3-2016 - News - Press Information Bureau Government of India Ministry of Commerce Industry 14-March-2016 12:01 IST The official Wholesale Price Index for All Commodities (Base: 2004-05=100) for the month of February, 2016 declined by 1.0 percent to 174.0 (provisional) from 175.7 (provisional) for the previous month. INFLATION The annual rate of inflation, based on monthly WPI, stood at -0.91% (provisional) for the month of February, 2016 (over February, 2015) as compared to -0.90% (provisional) for the previous month and -2.17% during the corresponding month of the previous year. Build up inflation rate in the financial year so far was -1.19% compared to a build up rate of -2.61% 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 3.4 p ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ercent to 244.7 (provisional) from 253.3 (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 3.2 percent to 259.1 (provisional) from 267.6 (provisional) for the previous month due to lower price of fruits vegetables (11%), egg (6%), arhar and gram (5% each), coffee and moong (4% each), masur (3%), condiments spices (2%) and wheat, jowar and fish-inland (1% each). However, the price of barley (4%), fish-marine (3%), bajra (2%) and pork, ragi, maize and poultry chicken (1% each) moved up. The index for Non-Food Articles group declined by 2.9 percent to 217.9 (provisional) from 224.5 (provisional) for the previous month due to lower price of flowers (18%), gingelly seed, castor seed and niger seed (6% each), rape mustard seed and guar seed (5% each), raw rubber (4%), raw cotton, linseed and fodder (3% each), copra (coconut) and groundnut seed (2% each) and coir fibre (1%). However, the price of raw jute and raw silk (2% each) and sunflower (1%) moved up. The index for Minerals group declined by 8.1 percent to 183.0 (provisional) from 199.2 (provisiona ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... l) for the previous month due to lower price of crude petroleum (11%), iron ore (8%), copper ore and limestone (5% each), sillimanite (4%) and manganese ore (3%). However, the price of zinc concentrate (21%), magnesite (2%) and chromite and phosphorite (1% each) moved up. FUEL POWER (Weight 14.91%) The index for this major group declined by 1.2 percent to 169.6 (provisional) from 171.6 (provisional) for the previous month due to lower price of aviation turbine fuel (14%), bitumen (7%), furnace oil (3%) and LPG, petrol and high speed diesel (1% each). MANUFACTURED PRODUCTS (Weight 64.97%) The index for this major group rose by 0.3 percent to 153.1 (provisional) from 152.7 (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 178.1 (provisional) from 176.7 (provisional) for the previous month due to higher price of vanaspati (5%), sugar (4%), gingelly oil and tea dust (unblended) (3% each) and khandsari, sunflower oil, palm oil and canned fish (1% each). However, the price of tea dust (blended) and tea leaf ( ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... blended) (4% each), mustard rapeseed oil (3%), processed prawn, tea leaf (unblended) and powder milk (2% each) and mixed spices and gur (1% each) declined. The index for Beverages, Tobacco Tobacco Products group rose by 0.4 percent to 207.2 (provisional) from 206.4 (provisional) for the previous month due to higher price of chewing tobacco (scented or not ) and dried tobacco (4% each) and beer (1%). The index for Textiles group rose by 0.1 percent to 139.6 (provisional) from 139.4 (provisional) for the previous month due to higher price of jute yarn (4%), jute sacking cloth (2%) and jute sacking bag, gunny and hessian cloth and cotton yarn (1 % each). However, the price of tyre cord fabric (1%) declined. The index for Wood Wood Products group rose by 0.3 percent to 195.9 (provisional) from 195.3 (provisional) for the previous month due to higher price of plywood fibre board (1%). However, the price of processed wood (1%) declined. The index for Paper Paper Products group declined by 0.1 percent to 155.5 (provisional) from 155.7 (provisional) for the previous month due to lower price of corrugated sheet boxes (2%) and printing and writing paper (1%). ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... However, the price of cream laid woven paper and newsprint (1% each) moved up. The index for Leather Leather Products group rose by 0.3 percent to 145.2 (provisional) from 144.8 (provisional) for the previous month due to higher price of leathers (1%). The index for Rubber Plastic Products group declined by 0.1 percent to 145.0 (provisional) from 145.2 (provisional) for the previous month due to lower price of tyres (1%). However, the price of tubes (2%) moved up. The index for Chemicals Chemical Products group declined by 0.1 percent to 149.5 (provisional) from 149.7 (provisional) for the previous month due to lower price of ammonium sulphate (4%) and photographic goods, pesticides, rubber chemicals and basic organic chemicals (1% each). However, the price of lacquer varnishes (4%), synthetic resin (3%), hair / body oils (2%) and washing powder (1%) moved up. The index for Non-Metallic Mineral Products group declined by 0.5 percent to 177.7 (provisional) from 178.6 (provisional) for the previous month due to lower price of marbles (3%), asbestos corrugated sheet (2%) and railway sleeper, slag cement and grey cement (1% each). However, the price of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... polished granite (1%) moved up. The index for Basic Metals, Alloys Metal Products group rose by 0.5 percent to 150.4 (provisional) from 149.6 (provisional) for the previous month due to higher price of gold gold ornaments (7%), steel rods (5%), zinc and pipes/tubes/rods/strips (2% each) and lead, silver, wire rods, ferro silicon and CRC (1% each). However, the price of steel (5%), iron castings and pig iron (2% each) and gp/gc sheets, billets, melting scrap, ferro manganese, joist beams, steel structures and pencil ingots (1% each) declined. The index for Machinery Machine Tools group rose by 0.1 percent to 135.1 (provisional) from 134.9 (provisional) for the previous month due to higher price of fibre optic cable (4%), machine tools and grinding /wet coffee machinery (3% each), engines (2%) and ball/roller bearing and earth moving machinery (1% each). However, the price of industrial valves (2%) and insulators (1%) declined. FINAL INDEX FOR THE MONTH OF DECEMBER, 2015 (BASE YEAR: 2004-05=100) For the month of December, 2015, the final Wholesale Price Index for All Commodities (Base: 2004-05=100) stood at 176.8 as compared to 177.4 (provisional ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ) and annual rate of inflation based on final index stood at -1.06 percent as compared to -0.73 percent (provisional) respectively as reported on 14.01.2016. Next date of press release: 14/04/2016 for the month of March, 2016 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 February, 2016 Commodities/Major Groups/Groups/Sub-Groups Weight WPI Feb- 2016 Latest month over month Build up from March Year on year 2014-15 2015-16 2014-15 2015-16 2014-15 2015-16 ALL COMMODITIES 100.00000 174.0 -0.96 -0.97 -2.61 -1.19 -2.1 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 7 -0.91 PRIMARY ARTICLES 20.11815 244.7 -0.50 -3.40 0.63 2.38 1.01 1.58 Food Articles 14.33709 259.1 -0.67 -3.18 6.86 3.93 7.83 3.35 Cereals 3.37323 236.1 -0.13 -0.25 1.04 2.16 1.13 1.11 Rice 1.79348 235.2 -0.04 -0.30 3.02 0.68 3.28 -1.63 Wheat 1.11595 221.6 -0.46 -0.85 -1.15 2.83 -2.40 2.78 Pulses 0.71662 356.4 0.51 -3.70 12.74 38.25 14.50 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 38.84 Vegetables 1.73553 220.2 -11.43 -23.91 14.82 1.57 15.28 -3.34 Potato 0.20150 152.2 -11.11 0.46 -15.68 0.66 -5.20 -6.28 Onion 0.17794 299.4 4.48 -14.06 41.63 -9.95 25.96 -13.22 Fruits 2.10717 236.1 1.73 2.12 11.17 -3.16 16.84 -1.95 Milk 3.23818 251.7 0.04 0.36 7.52 1.78 7.99 1.74 Egg, Meat Fish 2.41384 298.4 2.52 0.37 2.02 2.86 1.59 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 3.47 Non-Food Articles 4.25756 217.9 -0.77 -2.94 -5.47 7.55 -5.64 5.88 Fibres 0.87737 210.1 -3.28 -1.68 -19.58 8.63 -22.69 9.54 Oil Seeds 1.78051 210.0 -0.34 -2.46 -2.13 2.74 -0.20 3.65 Minerals 1.52350 183.0 1.98 -8.13 -28.31 -24.78 -29.55 -26.12 FUEL POWER 14.91021 169.6 -4.13 -1.17 -15.41 -9.79 -14.77 -6.40 Liquefied petroleum gas 0.91468 162.1 -2.46 -1.40 -8.04 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... -0.37 -8.86 -0.25 Petrol 1.09015 153.7 -4.96 -0.65 -22.58 -6.90 -21.80 -1.03 High speed diesel 4.67020 173.8 -6.13 -0.74 -18.51 -14.47 -17.59 -7.75 MANUFACTURED PRODUCTS 64.97164 153.1 -0.32 0.26 -0.13 -0.52 0.26 -0.58 Food Products 9.97396 178.1 -0.76 0.79 0.89 4.70 1.25 4.40 Sugar 1.73731 185.2 -2.04 3.81 -3.05 6.13 -2.20 4.16 Edible Oils 3.04293 150.2 -0.61 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 0.40 -0.61 3.73 -0.82 3.16 Beverages, Tobacco Tobacco Product 1.76247 207.2 0.45 0.39 3.58 1.97 4.06 2.22 Cotton Textiles 2.60526 155.4 -0.50 0.32 -4.24 -1.46 -2.47 -1.58 Man Made Textiles 2.20573 129.1 -0.08 -0.23 -1.93 -2.64 -1.71 -2.49 Wood Wood Products 0.58744 195.9 0.11 0.31 1.12 3.27 2.99 3.38 Paper Paper Products 2.03350 155.5 0.07 -0.13 2.57 1.70 3.56 2.71 Leather Leather Produ ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... cts 0.83509 145.2 -0.42 0.28 -2.74 2.04 -2.34 2.25 Rubber Plastic Products 2.98697 145.0 -0.40 -0.14 -1.33 -2.23 -0.74 -1.96 Chemicals Chemical Products 12.01770 149.5 -0.59 -0.13 -1.31 -0.93 -0.79 -0.73 Non-Metallic Mineral Products 2.55597 177.7 0.74 -0.50 5.19 -0.56 5.26 0.85 Cement Lime 1.38646 173.6 1.34 -0.52 6.03 -2.31 5.20 -0.23 Basic Metals Alloys Metal Product 10.74785 150.4 -0.61 0.53 -2. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 39 -7.10 -2.21 -8.07 Iron Semis 1.56301 132.4 -1.18 -0.75 -4.78 -11.08 -5.02 -12.49 Machinery Machine Tools 8.93148 135.1 -0.07 0.15 1.50 0.07 1.81 -0.07 Transport Equipment Parts 5.21282 138.2 0.15 0.00 0.96 0.66 0.96 0.80 Annexure-II Trend of Rate of Inflation for some important items during last six months ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Commodities/Major Groups/Groups/Sub-Groups Weight (%) Rate of Inflation for the last six months Feb-16 Jan-16 Dec-15 Nov-15 Oct-15 Sept-15 ALL COMMODITIES 100.00 -0.91 -0.90 -1.06 -2.04 -3.70 -4.59 PRIMARY ARTICLES 20.12 1.58 4.63 4.58 2.15 0.04 -2.29 Food Articles 14.34 3.35 6.02 7.89 5.55 3.33 0.84 Cereals 3.37 1.11 1.24 1.93 0.51 -0.13 -1.02 Rice 1.79 -1.63 -1.38 -1.25 -3.26 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... -3.40 -3.76 Wheat 1.12 2.78 3.19 3.91 4.44 4.58 3.29 Pulses 0.72 38.84 44.91 55.76 58.09 53.06 38.94 Vegetables 1.74 -3.34 12.52 19.50 13.25 3.17 -8.60 Potato 0.20 -6.28 -17.08 -35.40 -52.87 -58.10 -57.98 Onion 0.18 -13.22 5.51 18.32 44.51 89.52 120.69 Fruits 2.11 -1.95 -2.32 -0.55 -2.59 -4.46 -5.15 Milk 3.24 1.74 1.42 1.78 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 1.58 1.75 2.16 Egg, Meat Fish 2.41 3.47 5.69 5.03 0.49 0.46 2.02 Non-Food Articles 4.26 5.88 8.24 7.84 6.33 5.10 2.70 Fibres 0.88 9.54 7.77 2.71 0.10 -2.20 -6.86 Oil Seeds 1.78 3.65 5.90 8.23 6.97 6.66 2.50 Minerals 1.52 -26.12 -17.99 -31.02 -32.95 -33.64 -34.27 FUEL POWER 14.91 -6.40 -9.21 -9.15 -10.99 -16.32 -17.71 Liquefied petroleum gas 0.91 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... -0.25 -1.32 -2.51 -5.74 -5.83 -5.45 Petrol 1.09 -1.03 -5.32 -7.90 -9.36 -13.16 -14.78 High speed diesel 4.67 -7.75 -12.76 -13.80 -16.69 -26.21 -28.10 MANUFACTURED PRODUCTS 64.97 -0.58 -1.17 -1.49 -1.42 -1.67 -1.73 Food Products 9.97 4.40 2.79 1.69 1.10 0.46 -0.69 Sugar 1.74 4.16 -1.71 -7.51 -11.22 -13.08 -16.45 Edible Oils 3.04 3.16 2.12 4.68 4.66 4.74 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 3.35 Beverages, Tobacco Tobacco Product 1.76 2.22 2.28 2.03 2.23 2.29 2.13 Cotton Textiles 2.61 -1.58 -2.39 -2.51 -3.18 -4.00 -4.52 Man Made Textiles 2.21 -2.49 -2.34 -3.78 -4.26 -5.09 -4.91 Wood Wood Products 0.59 3.38 3.17 3.28 4.86 4.81 3.91 Paper Paper Products 2.03 2.71 2.91 2.58 2.38 2.31 2.72 Leather Leather Products 0.84 2.25 1.54 0.21 -1.16 -1.37 -0.95 Rubber Plastic Products ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 2.99 -1.96 -2.22 -2.61 -2.60 -2.78 -2.71 Chemicals Chemical Products 12.02 -0.73 -1.19 -1.71 -2.02 -1.83 -1.89 Non-Metallic Mineral Products 2.56 0.85 2.12 2.71 2.28 0.45 1.26 Cement Lime 1.39 -0.23 1.63 3.25 3.22 -0.12 1.04 Basic Metals Alloys Metal Product 10.75 -8.07 -9.11 -9.23 -8.00 -7.50 -6.74 Iron Semis 1.56 -12.49 -12.87 -14.16 -13.67 -12.96 -10.90 Machinery Machine Tools 8.93 -0.0 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 7 -0.30 0.22 0.15 0.00 0.07 Transport Equipment Parts 5.21 0.80 0.95 1.47 1.62 1.32 1.25 - 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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