Index Numbers of Wholesale Price in India (Base: 2004-05=100), Review for the month of June, 2013

The official Wholesale Price Index for ‘All Commodities’ (Base: 2004-05 = 100) for the month June, 2013 rose by 0.6 percent to 172.7 (provisional) from 171.6 (provisional) for the previous month. 

INFLATION 

The annual rate of inflation, based on monthly WPI, stood at 4.86% (provisional) for the month of June, 2013 (over June, 2012) as compared to 4.70% (provisional) for the previous month and 7.58% during the corresponding month of the previous year. Build up inflation rate in the financial year so far was 1.53% compared to a buildup rate of 2.30% 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 rose by 1.4 percent to 232.5 (provisional) from 229.3 (provisional) for the previous month. The groups and items which showed variations during the month are as follows:-

 The index for ‘Food Articles’ group rose by 3.0 percent to 229.8 (provisional) from 223.1 (provisional) for the previous month due to higher price of poultry chicken (17%), fruits & vegetables (8%), egg (6%), maize (4%),   masur and rice (3% each), fish-marine and wheat (2% each) and pork, barley, moong and fish-inland (1% each). However, the price of jowar, gram and urad (2% each) and ragi and condiments & spices (1% each) declined.

The index for `Non-Food Articles` group rose by 0.1 percent to 208.8 (provisional) from 208.5 (provisional) for the previous month due to higher price of raw cotton (6%), fodder, copra (coconut) and gingelly seed (5% each),   safflower (kardi seed) and raw rubber (4% each), raw silk, rape & mustard seed, tobacco and flowers (2% each) and   sunflower, coir fibre and castor seed (1% each). However, the price of guar seed (11%), soyabean (7%),   groundnut seed (6%), niger seed and raw jute (4% each) and mesta and linseed (2% each) declined.

The index for `Minerals` group declined by 6.2 percent to 324.9 (provisional) from 346.5 (provisional) for the previous month due to lower price of copper ore (16%), iron ore (12%), sillimanite (6%), zinc concentrate and steatite (3% each), crude petroleum (2%) and magnesite (1%). However, the price of chromite and manganese ore (2% each) moved up.

 FUEL & POWER (Weight 14.91%)

The index for this major group rose by 1.0 percent to 194.0 (provisional) from 192.0 (provisional) for the previous month due to higher price of light diesel oil and naphtha (3% each), non-coking coal, furnace oil and petrol (2% each) and high speed diesel and bitumen (1% each).

 MANUFACTURED PRODUCTS (Weight 64.97%)

The index for this major group rose by 0.1 percent to 149.3 (provisional) from 149.1 (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 Products` group rose by 0.4 percent to 167.7 (provisional) from 167.1 (provisional) for the previous month due to higher price of gur (5%), wheat flour (atta), tea leaf (blended), canned fish, sooji (rawa) and tea dust (unblended) (2% each) and processed prawn, tea dust (blended), mixed spices, palm oil, maida and copra oil (1% each). However, the price of gingelly oil (5%), groundnut oil (4%), coffee powder (2%) and rice bran oil and oil cakes (1% each) declined.

The index for `Beverages, Tobacco & Tobacco Products` group declined by 0.3 percent to 181.4 (provisional) from 181.9 (provisional) for the previous month due to lower price of dried tobacco (5%) and imfl - blended (1%).

The index for `Textiles` group rose by 0.2 percent to 135.3 (provisional) from 135.0 (provisional) for the previous month due to higher price of man made fabric (3%) and tyre cord fabric (1%). However, the price of woollen textiles (2%) declined.

The index for `Wood & Wood Products` group rose by 0.6 percent to 175.3 (provisional) from 174.3 (provisional) for the previous month due to higher price of plywood & fibre board (1%).

The index for `Paper & Paper Products` group declined by 0.1 percent to 140.5 (provisional) from 140.7 (provisional) for the previous month due to lower price of corrugated sheet boxes, paper rolls and paper cartons / boxes (1%). However, the price of card board (4%) and maplitho paper (1%) moved up.

The index for `Leather & Leather Products` group rose by 1.5 percent to 138.1 (provisional) from 136.1 (provisional) for the previous month due to higher price of leather footwear (2%).

The index for `Rubber & Plastic Products` group rose by 1.9 percent to 142.4 (provisional) from 139.7 (provisional) for the previous month due to higher price of tyres (4%), plastic products (2%) and rubber products (1%).

The index for `Chemicals & Chemical Products` group declined by 0.1 percent to 146.0 (provisional) from 146.1 (provisional) for the previous month due to lower price of di ammonium phosphate (4%) and non-cyclic compound (1%). However, the price of safety matches/ match box (8%), explosives (7%), antacid and digestive preparations (3%), hair / body oils and pigment & pigment intermediates (2% each) and pesticides, agarbattis, vaccines, thermocol, washing soap and paints (1% each) moved up.

The index for `Non-Metallic Mineral Products` group rose by 1.1 percent to 166.6 (provisional) from 164.8 (provisional) for the previous month due to higher price of slag cement and bricks & tiles (5% each), marbles (3%) and polished granite (1%). However, the price of glass bottles & bottleware (1%) declined.

The index for 'Basic Metals, Alloys & Metal Products' group declined by 0.5 percent to 163.0 (provisional) from 163.8 (provisional) for the previous month due to lower price of silver (7%), sponge iron, gold & gold ornaments, melting scrap and pencil ingots (2% each) and ferro chrome, iron & steel wire, pig iron, steel: pipes & tubes, sheets, steel castings and wire rods (1% each). However, the price of copper / copper ingots (2%) and angles and aluminium (1% each) moved up.

The index for 'Machinery & Machine Tools' group rose by 0.2 percent to 130.4 (provisional) from 130.1 (provisional) for the previous month due to higher price of pvc insulated cable (7%), electric switches (4%) and electric motors and plastic machinery (1% each). However, the price of control equipments (2%) and t.v. sets, computers, ball/roller bearing, lamps and insulators (1% each) declined.

The index for `Transport, Equipment & Parts` group rose by 0.5 percent to 132.7 (provisional) from 132.1 (provisional) for the previous month due to higher price of railway brake gear (3%), parts of ships/boats etc. (2%) and motor vehicles (1%).

 FINAL INDEX FOR THE MONTH OF APRIL, 2013 (BASE YEAR: 2004-05=100)

For the month of April, 2013, the final Wholesale Price Index for ‘All Commodities’ (Base: 2004-05=100) stood at 171.3 as compared to 171.5 (provisional) and annual rate of inflation based on final index stood at 4.77 percent as compared to 4.89 percent respectively as reported on 14.05.2013.

Annexure-I

Wholesale Price Index and Rates of Inflation (Base Year: 2004-05=100)