TMI BlogIndex Numbers of Wholesale Prices in India (Base: 2004-05=100) Review for the month of December, 2011 .X X X X Extracts X X X X X X X X Extracts X X X X ..... Index Numbers of Wholesale Prices in India (Base: 2004-05=100) Review for the month of December, 2011 . - News and Press Release Dated:- 16-1-2012 - News - Press Information Bureau Government of India Ministry of Commerce Industry 16-January-2012 12:09 IST Index Numbers of Wholesale Prices in India (Base: 2004-05=100) Review for the month of December, 2011 The official Wholesale Price Index for All Commodities (Base: 2004-05 = 100) for the month December, 2011 remained unchanged at its previous month level of 156.9 (Provisional). INFLATION The annual rate of inflation, based on monthly WPI, stood at 7.47% (Provisional) for the month of December, 2011 (over December, 2010) as compared to 9.11% (Provisional) for the previous month and 9.45% during the corresponding month of the previous year. Build up inflation in the financial year so far was 4.95% compared to a build up of 7.12% 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 inde ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... x for this major group declined by 1.6 percent to 197.9 (Provisional) from 201.1 (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 Articles' group declined by 3.1 percent to 190.8 (Provisional) from 196.9 (Provisional) for the previous month due to lower prices of fruits vegetables (13%), condiments spices (6%), urad (5%), poultry chicken (3%), tea (2%) and jowar, rice, arhar, ragi and barley (1% each). However, the prices of pork (8%), fish-marine (5%), maize (3%), bajra, egg, beef buffalo meat, mutton and masur (2% each) and gram, coffee, wheat and milk (1% each) moved up The index for 'Non-Food Articles' group rose by 1.3 percent to 178.6 (Provisional) from 176.3 (Provisional) for the previous month due to higher prices of gaur seed (20%), flowers (14%), linseed (8%), soyabean (6%), rape mustard seed (5%), raw silk (4%), sunflower and raw rubber (3% each), safflower, groundnut seed and niger seed (2% each) and gingelly seed and fodder (1% each). However, the prices of cotton seed (6%), castor seed (4%), coir fibre, raw cotton and raw jute (3% each) and co ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... pra (1%) declined. The index for 'Minerals' group rose by 2.6 percent to 318.5 (Provisional) from 310.5 (Provisional) for the previous month due to higher prices of sillimanite (50%), barytes (6%), iron ore and bauxite (4% each), dolomite and crude petroleum (3 % each) and magnesite (1%). However, the prices of steatite (7%) and copper ore (4%) declined. FUEL POWER (Weight 14.91%) The index for this major group rose by 0.6 percent to 172.6 (Provisional) from 171.6 (Provisional) for the previous month due to higher prices of naphtha (5%), aviation turbine fuel, light diesel oil and bitumen (4% each) and furnace oil (3%). However, the prices of petrol (3%) declined. MANUFACTURED PRODUCTS (Weight 64.97%) The index for this major group rose by 0.6 percent to 140.6 (Provisional) from 139.8 (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 0.7 percent to 152.9 (Provisional) from 151.8 (Provisional) for the previous month due to higher prices of processed prawn (9%), canned fish (6%), salt (5%), gingelly oil (3%), sugar, mustard rapese ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ed oil, groundnut oil and khandsari (2% each) and palm oil, vanaspati, soyabean oil and powder milk (1% each). However, the prices of gur (5%), oil cakes and mixed spices (3% each), tea dust (blended) and tea leaf (unblended) (2 % each) and copra oil, wheat flour (atta), ghee and coffee powder (1% each) declined. The index for 'Beverages, Tobacco Tobacco Products' group rose by 0.2 percent to 164.0 (Provisional) from 163.6 (Provisional) for the previous month due to higher prices of rectified spirit (2%) and cigarette and bidi (1%each). However, the prices of dried tobacco (2%) and soft drinks carbonated water (1%) declined. The index for 'Textiles' group declined by 0.3 percent to 126.1 (Provisional) from 126.5 (Provisional) for the previous month due to lower prices of jute sacking bag, cotton yarn, gunny and hessian cloth and man made fibre (1% each). However, the prices of tyre cord fabric (3%) and cotton fabric and jute yarn (1% each) moved up. The index for 'Wood Wood Products' group rose by 1.1 percent to 162.9 (Provisional) from 161.2 (Provisional) for the previous month due to higher prices of plywood fibre board (2%). The index for 'Paper Paper Produ ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... cts' group declined by 0.3 percent to 132.2 (Provisional) from 132.6 (Provisional) for the previous month due to lower prices of paper for printing / poster and printing and writing paper (1% each). However, the prices of card board (1%) moved up. The index for 'Leather Leather Products' group rose by 1.2 percent to 131.5 (Provisional) from 129.9 (Provisional) for the previous month due to higher prices of leather garments jackets (3%) and leather footwear and leathers (1% each). The index for 'Chemicals Chemical Products' group rose by 1.0 percent to 136.4 (Provisional) from 135.0 (Provisional) for the previous month due to higher prices of di ammonium phosphate (5%), paints (4%), rubber chemicals (3%), pigment pigment intermediates and ammonium sulphate (2% each) and turpentine oil, urea, polymers, lacquer varnishes, pesticides, thermocol, washing soap, organic manure, dye dye intermediates and basic organic chemicals (1 % each). However, the prices of synthetic resin (1%) declined. The index for 'Non-Metallic Mineral Products' group rose by 2.0 percent to 155.7 (Provisional) from 152.6 (Provisional) for the previous month due to higher prices of grey cem ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ent (4%) and bricks tiles (1%). However, the prices of slag cement (3%) declined. The index for 'Basic Metals, Alloys Metal Products' group rose by 0.9 percent to 159.5 (Provisional) from 158.1 (Provisional) for the previous month due to higher prices of gold gold ornaments (4%), sponge iron and pencil ingots (3% each), furniture and slab (2% each) and steel rods, silver, utensils (other than aluminium), iron castings, pipes/tubes/rods/strips, steel castings, brass, aluminium and wire rods (1% each). However, the prices of gp/gc sheets and metal containers (1% each) declined. The index for 'Transport, Equipment Parts' group rose by 0.1 percent to 125.3 (Provisional) from 125.2 (Provisional) for the previous month due to higher prices of trolleys/tanker, gear boxes parts and wheels parts (1% each). FINAL INDEX FOR THE MONTH OF OCTOBER, 2011 (BASE YEAR: 2004-05=100) For the month of October, 2011 the final Wholesale Price Index for All Commodities (Base: 2004-05=100) stood at 157.0 as compared to 156.2 (Provisional) and annual rate of inflation based on final index stood at 9.87 percent as compared to 9.73 percent (Provisional) reported on 14.11.2 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 011. Next date of press release: 14/02/2012 for the month of January, 2012. Annexure-I Wholesale Price Index and Rates of Inflation (Base Year: 2004-05=100) Month of December, 2011 Commodities/Major Groups/Groups/Sub-Groups Weight WPI Dec., 2011 Latest month over month Build up from March Year on year 2010-11 2011-12 2010-11 2011-12 2010-11 2011-12 ALL COMMODITIES 100.00000 156.9 1.53 0.00 7.12 4.95 9.45 7.47 PRIMARY ARTICLES 20.11815 197.9 3.62 -1.59 15.73 5.15 18.37 3.07 Food Articles 14.33709 190.8 4.41 -3.10 15.77 6.59 15.07 0.74 Cereals 3.37323 175.9 0.52 0.00 3.66 2.09 1.59 1.91 Rice 1.79348 173.8 0.47 -0.86 4.78 4.07 4.01 1.58 Wheat 1.11595 166.7 0.35 0.60 0.29 -3.70 -4 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... .15 -3.81 Pulses 0.71662 212.7 0.00 -0.23 -5.88 11.36 -11.74 13.62 Vegetables 1.73553 158.3 27.11 -25.29 82.20 10.47 33.61 -34.18 Potato 0.20150 110.7 10.86 -22.04 62.71 3.55 -28.57 -35.45 Onion 0.17794 185.6 36.54 -17.80 173.96 3.63 74.98 -60.45 Fruits 2.10717 174.0 -1.42 0.23 9.55 -5.69 17.28 9.09 Milk 3.23818 198.4 0.45 0.56 6.88 13.63 18.34 11.02 Egg, Meat Fish 2.41384 219.5 1.71 1.71 14.00 12.33 19.42 11.88 Non-Food Articles 4.25756 178.6 3.04 1.30 17.10 -6.69 25.45 1.48 Fibres 0.87737 203.8 7.16 -2.35 45.67 -28.14 47.13 -7.41 Oil Seeds 1.78051 157.0 2.38 1.82 4.19 3.97 3.28 10.64 Minerals 1.523 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 50 318.5 -0.72 2.58 12.82 19.38 30.58 21.89 FUEL POWER 14.91021 172.6 1.08 0.58 7.21 9.52 11.26 14.91 Liquefied petroleum gas 0.91468 147.3 0.00 0.00 14.99 14.27 14.99 14.27 Petrol 1.09015 177.7 3.00 -2.84 14.60 12.04 21.68 20.39 High speed diesel 4.67020 167.8 0.00 0.00 6.22 9.24 14.71 9.24 MANUFACTURED PRODUCTS 64.97164 140.6 0.85 0.57 3.72 3.69 5.39 7.41 Food Products 9.97396 152.9 1.41 0.72 1.76 5.38 1.41 6.03 Sugar 1.73731 180.3 3.66 2.21 -5.88 5.75 -6.95 4.34 Edible Oils 3.04293 136.5 1.16 1.11 7.37 5.98 5.61 11.52 Beverages, Tobacco Tobacco Product 1.76247 164.0 0.28 0.24 2.04 6.15 5.69 13.18 Cotton Textiles 2.6 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 0526 138.7 3.54 -0.14 13.34 -10.34 18.22 5.32 Man Made Textiles 2.20573 119.1 1.15 -0.50 5.44 -2.46 11.40 4.20 Wood Wood Products 0.58744 162.9 0.13 1.05 1.78 7.38 2.12 9.33 Paper Paper Products 2.03350 132.2 -0.08 -0.30 5.19 2.08 4.58 5.17 Leather Leather Products 0.83509 131.5 0.00 1.23 0.31 4.78 -1.39 2.90 Rubber Plastic Products 2.98697 133.2 0.71 0.00 6.07 0.15 7.77 4.39 Chemicals Chemical Products 12.01770 136.4 0.73 1.04 3.16 5.49 4.99 9.82 Non-Metallic Mineral Products 2.55597 155.7 -0.14 2.03 0.42 4.99 3.01 8.43 Cement Lime 1.38646 160.8 -0.20 3.54 -2.05 4.62 1.09 8.58 Basic Metals Alloys Metal Product 10.74785 159.5 0.93 0.89 6.33 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 7.55 9.20 12.96 Iron Semis 1.56301 156.8 0.80 1.75 1.78 11.76 9.37 24.44 Machinery Machine Tools 8.93148 125.4 0.58 0.00 2.01 1.70 3.48 2.87 Transport Equipment Parts 5.21282 125.3 0.17 0.08 1.52 2.37 2.74 4.50 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 Dec-11 Nov-11 Oct-11 Sep-11 Aug-11 July-11 ALL COMMODITIES 100.00 7.47 9.11 9.87 10.00 9.78 9.36 PRIMARY ARTICLES 20.12 3.07 8.53 10.96 12.22 12.46 11.47 Food Articles 14.34 0.74 8.54 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 10.17 9.62 9.62 8.19 Cereals 3.37 1.91 2.45 4.32 4.13 5.16 5.20 Rice 1.79 1.58 2.94 4.51 4.02 5.17 2.41 Wheat 1.12 -3.81 -4.05 -1.72 -2.74 -2.09 1.79 Pulses 0.72 13.62 13.89 10.25 2.90 -4.26 -7.48 Vegetables 1.74 -34.18 12.00 15.68 14.41 13.17 7.79 Potato 0.20 -35.45 -8.21 1.04 14.29 16.13 7.03 Onion 0.18 -60.45 -34.30 -16.92 25.78 48.63 27.15 Fruits 2.11 9.09 7.29 11.27 15.65 23.35 14.82 Milk 3.24 11.02 10.91 11.12 10.28 9.41 10.77 Egg, Meat Fish 2.41 11.88 11.87 12.43 11.88 10.42 9.56 Non-Food Articles 4.26 1.48 3.22 7.41 14.57 18.21 15.77 Fibres 0.88 -7.41 1.61 11.21 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 23.76 36.91 29.66 Oil Seeds 1.78 10.64 11.26 10.28 14.75 16.55 13.93 Minerals 1.52 21.89 17.97 22.67 26.09 21.54 25.84 FUEL POWER 14.91 14.91 15.48 14.79 14.02 12.91 12.04 Liquefied petroleum gas 0.91 14.27 14.27 14.27 14.27 14.74 14.58 Petrol 1.09 20.39 27.63 27.90 26.29 23.23 23.23 High speed diesel 4.67 9.24 9.24 9.32 9.32 9.32 9.32 MANUFACTURED PRODUCTS 64.97 7.41 7.70 8.05 8.00 7.87 7.73 Food Products 9.97 6.03 6.75 7.66 8.05 8.41 8.13 Sugar 1.74 4.34 5.82 7.31 7.38 6.28 3.96 Edible Oils 3.04 11.52 11.57 12.93 13.87 14.72 14.76 Beverages, Tobacco Tobacco Product 1.76 13.18 13.22 12.66 13.57 13.51 12.60 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Cotton Textiles 2.61 5.32 9.20 11.28 12.47 14.80 18.88 Man Made Textiles 2.21 4.20 5.93 7.17 7.59 5.33 7.16 Wood Wood Products 0.59 9.33 8.33 8.81 8.38 8.64 9.61 Paper Paper Products 2.03 5.17 5.41 5.41 5.33 4.86 6.40 Leather Leather Products 0.84 2.90 1.64 2.03 1.09 0.62 1.01 Rubber Plastic Products 2.99 4.39 5.13 6.80 7.41 7.92 7.76 Chemicals Chemical Products 12.02 9.82 9.49 9.92 8.96 8.48 8.68 Non-Metallic Mineral Products 2.56 8.43 6.12 6.07 4.95 3.89 3.51 Cement Lime 1.39 8.58 4.65 4.03 1.53 0.33 -0.26 Basic Metals Alloys Metal Product 10.75 12.96 13.01 12.09 12.02 12.07 10.64 Iron Semis 1.56 24.44 23.28 21.91 22.34 21. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 90 19.40 Machinery Machine Tools 8.93 2.87 3.47 3.55 3.39 3.15 3.07 Transport Equipment Parts 5.21 4.50 4.59 4.43 4.61 4.44 3.16 DS/GK - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... 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