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Home News News and Press Release Month 8 2015 2015 (8) This

Index Numbers of Wholesale Price in India (Base: 2004-05=100) Review for the month of July, 2015

14-8-2015
  • Contents

The official Wholesale Price Index for ‘All Commodities’ (Base: 2004-05=100) for the month of July, 2015 declined by 0.6 percent to 177.5 (provisional) from 178.6 (provisional) for the previous month.

INFLATION

The annual rate of inflation, based on monthly WPI, stood at -4.05% (provisional) for the month of July, 2015 (over July, 2014) as compared to -2.40% (provisional) for the previous month and 5.41% during the corresponding month of the previous year. Build up inflation rate in the financial year so far was 0.80% 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 0.5 percent to 247.2 (provisional) from 248.4 (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 0.6 percent to 255.7 (provisional) from 257.3 (provisional) for the previous month due to lower price of fish-inland (5%), fruits & vegetables, jowar and poultry chicken (3% each), ragi (2%) and       egg, fish-marine, pork and bajra (1% each).  However, the price of urad (5%), masur and arhar (4% each), beef & buffalo meat and tea (3% each), gram and condiments & spices (2% each) and wheat, barley, coffee and moong (1% each) moved up.

The index for ‘Non-Food Articles’ group declined by 1.3 percent to 215.6 (provisional) from 218.5 (provisional) for the previous month due to lower price of raw silk (10%), copra (coconut) (8%), guar seed (7%), soyabean (6%), raw rubber and groundnut seed (3% each), sunflower and flowers (2% each) and castor seed and raw cotton (1% each).  However, the price of niger seed (27 %), safflower (kardi seed)  (10%), fodder (4%), rape& mustard seed and raw jute (2% each) and linseed and coir fibre (1 % each) moved up.

The index for ‘Minerals’ group rose by 3.0 percent to 255.9 (provisional) from 248.5 (provisional) for the previous month due to higher price of zinc concentrate (9%), crude petroleum (8%), magnesite (3%) and chromite (2%).  However, the price of sillimanite and copper ore (5% each), manganese ore (3%) and iron ore (2%) declined.

FUEL & POWER (Weight 14.91%)

The index for this major group declined by 2.0 percent to 187.1 (provisional) from 191.0 (provisional) for the previous month due to lower price of  furnace oil (6%), aviation turbine fuel, high speed diesel and naphtha (4% each) and petrol (1%).

MANUFACTURED PRODUCTS (Weight 64.97%)

The index for this major group declined by 0.3 percent to 153.7 (provisional) from 154.2 (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 0.6 percent to 172.0 (provisional) from 173.1 (provisional) for the previous month due to lower price of copra oil, sugar and khandsari (4% each), tea dust (unblended) and vanaspati (3% each),     tea leaf (blended) and palm oil (2% each) and sunflower oil, rice bran oil, gram powder (besan), powder milk, tea dust (blended), soyabean oil and ghee (1% each).  However, the price of tea leaf (unblended) (8%), gingelly oil (7%), mustard & rapeseed oil and bakery products (3% each), groundnut oil and oil cakes (2% each) and sooji (rawa) and maida (1% each) moved up.

The index for ‘Beverages, Tobacco & Tobacco Products’ group declined by 0.3 percent to 206.1 (provisional) from 206.7 (provisional) for the previous month due to lower price of  zarda (3%), beer (2%) and dried tobacco (1%).

The index for ‘Textiles’ group rose by 0.2 percent to 141.2 (provisional) from 140.9 (provisional) for the previous month due to higher price of jute sacking cloth (4%), tyre cord fabric (3%) and cotton yarn, gunny and hessian cloth, cotton fabric,  man made fabric and jute sacking bag (1% each).  However, the price of jute yarn (2%) and man made fibre and woollen textiles (1% each) declined.

The index for ‘Wood & Wood Products’ group rose by 0.8 percent to 197.9 (provisional) from 196.3 (provisional) for the previous month due to higher price of  plywood & fibre board (2%).

The index for ‘Paper & Paper Products’ group rose by 0.5 percent to 153.6 (provisional) from 152.9 (provisional) for the previous month due to higher price of laminated paper (7%), newspaper and paper pulp (2% each) and corrugated sheet boxes (1%).  However, the price of paper rolls (2%) declined.

The index for ‘Leather & Leather Products’ group declined by 0.7 percent to 144.3 (provisional) from 145.3 (provisional) for the previous month due to lower price of leathers (2%) and leather footwear (1%).  However, the price of leather garments & jackets (2%) moved up.

The index for ‘Non-Metallic Mineral Products’ group declined by 0.9 percent to 174.2 (provisional) from 175.8 (provisional) for the previous month due to lower price of  grey cement (3%).  However, the price of marbles (8%), slag  cement (7%) and glass bottles & bottleware (1%) moved up.

The index for ‘Basic Metals, Alloys& Metal Products’ group declined by 1.0 percent to 157.1 (provisional) from 158.7 (provisional) for the previous month due to lower price of sponge iron and rounds (3% each), gp/gc sheets, wire rods, HRC,     silver, plates, gold& gold ornaments and billets (2% each) and angles, rebars, pencil  ingots, joist & beams, pig iron, steel: pipes & tubes, brass, zinc, CRC and aluminium (1% each).  However, the price of ferro silicon (2%) and      nuts/bolts/screw/ washers (1%) moved up.

The index for ‘Machinery & Machine Tools’ group rose by 0.1 percent to 135.2 (provisional) from 135.0 (provisional) for the previous month due to higher price of ball/roller bearing (4%), industrial  valves (2%) and electric motors, rubber machinery,  engines and conductor (1% each).  However, the price of insulators (3%), plastic machinery and battery dry cells (2% each) and pvc insulated cable and electrical wires (1% each) declined.

The index for ‘Transport, Equipment& Parts’ group rose by  0.1 percent to 137.8 (provisional) from 137.7 (provisional) for the previous month due to higher price of shafts (all kinds) (2%).

FINAL INDEX FOR THE MONTH OF MAY, 2015 (BASE YEAR: 2004-05=100)

For the month of May, 2015, the final Wholesale Price Index for ‘All Commodities’ (Base: 2004-05=100) stood at 178.0 as compared to 177.7 (provisional) and annual rate of inflation based on final index stood at -2.20 percent as compared to -2.36 percent (provisional) respectively as reported on 15.06.2015.

 Annexure-I

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

Month of July, 2015

Commodities/Major Groups/Groups/Sub-Groups

Weight

WPI July, 2015

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

177.5

1.09

-0.62

2.61

0.80

5.41

-4.05

PRIMARY ARTICLES

20.11815

247.2

2.52

-0.48

7.18

3.43

6.78

-3.66

Food Articles

14.33709

255.7

3.44

-0.62

10.27

2.57

8.47

-1.16

Cereals

3.37323

231.9

1.60

0.43

1.95

0.35

5.18

-1.57

Rice

1.79348

237.7

1.49

0.34

5.43

1.76

8.13

-2.86

Wheat

1.11595

212.9

0.87

1.19

-4.26

-1.21

1.06

1.96

Pulses

0.71662

317.8

1.30

2.88

2.81

23.27

3.31

35.75

Vegetables

1.73553

252.1

22.39

-0.59

68.35

16.28

-1.15

-24.52

Potato

0.20150

174.5

10.12

17.35

78.61

15.41

47.83

-49.27

Onion

0.17794

406.5

35.99

14.15

67.69

22.26

-8.26

-0.49

Fruits

2.10717

234.8

7.43

-4.51

13.48

-3.69

31.87

-4.48

Milk

3.23818

250.3

0.04

0.16

3.30

1.21

10.46

5.30

Egg, Meat & Fish

2.41384

280.4

-6.62

-2.06

-3.25

-3.34

1.56

2.52

Non-Food Articles

4.25756

215.6

0.46

-1.33

-0.23

6.42

2.89

-0.74

Fibres

0.87737

208.1

-1.65

-1.09

-2.47

7.60

-3.20

-10.53

Oil Seeds

1.78051

212.1

0.90

-2.53

3.38

3.77

6.31

-0.89

Minerals

1.52350

255.9

0.09

2.98

0.52

5.18

2.72

-26.32

FUEL & POWER

14.91021

187.1

1.08

-2.04

0.19

-0.48

7.35

-12.81

Liquefied petroleum gas

0.91468

162.7

0.12

-0.18

-3.06

0.00

8.90

-5.02

Petrol

1.09015

174.3

2.71

-1.41

0.25

5.57

5.90

-13.33

High speed diesel

4.67020

198.8

1.53

-4.10

3.29

-2.17

12.64

-16.75

MANUFACTURED PRODUCTS

64.97164

153.7

0.39

-0.32

1.17

-0.13

4.07

-1.47

Food Products

9.97396

172.0

1.04

-0.64

3.55

1.12

4.41

-1.77

Sugar

1.73731

160.5

2.37

-4.12

6.05

-8.02

1.99

-17.48

Edible Oils

3.04293

148.8

0.83

-0.27

-0.14

2.76

0.97

1.71

Beverages, Tobacco & Tobacco Product

1.76247

206.1

0.91

-0.29

2.15

1.43

9.96

3.10

Cotton Textiles

2.60526

158.6

-0.54

0.83

0.85

0.57

6.74

-4.63

Man Made Textiles

2.20573

133.5

1.26

-0.67

1.48

0.68

5.71

-2.55

Wood & Wood Products

0.58744

197.9

-0.64

0.82

-0.91

4.32

5.27

6.57

Paper & Paper Products

2.03350

153.6

0.20

0.46

1.49

0.46

6.54

2.54

Leather & Leather Products

0.83509

144.3

1.44

-0.69

1.30

1.41

3.64

-2.43

Rubber & Plastic Products

2.98697

149.4

0.33

0.00

0.47

0.74

4.58

-0.80

Chemicals & Chemical Products

12.01770

151.4

0.46

0.00

0.92

0.33

4.48

-1.69

Non-Metallic Mineral Products

2.55597

174.2

0.30

-0.91

1.19

-2.52

1.44

2.77

Cement & Lime

1.38646

168.3

0.48

-2.15

1.34

-5.29

-3.09

1.20

Basic Metals Alloys & Metal Product

10.74785

157.1

0.12

-1.01

-0.30

-2.96

3.02

-5.98

Iron & Semis

1.56301

143.8

-0.37

-1.37

1.13

-3.43

6.00

-10.52

Machinery & Machine Tools

8.93148

135.2

0.15

0.15

1.13

0.15

2.98

0.37

Transport Equipment & Parts

5.21282

137.8

0.00

0.07

0.22

0.36

2.10

1.25

 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

July-15

June-15

May-15

Apr-15

Mar-15

Feb-15

ALL COMMODITIES

100.00

-4.05

-2.40

-2.20

-2.43

-2.33

-2.17

PRIMARY ARTICLES

20.12

-3.66

-0.76

-1.05

0.50

-0.17

1.01

Food Articles

14.34

-1.16

2.88

2.74

5.90

6.27

7.83

Cereals

3.37

-1.57

-0.43

0.04

0.35

0.00

1.13

Rice

1.79

-2.86

-1.74

-1.43

-0.04

0.65

3.28

Wheat

1.12

1.96

1.64

2.60

1.65

-1.19

-2.40

Pulses

0.72

35.75

33.67

23.10

15.47

13.22

14.50

Vegetables

1.74

-24.52

-7.07

-4.99

-1.32

9.27

15.28

Potato

0.20

-49.27

-52.40

-50.71

-41.05

-21.50

-5.20

Onion

0.18

-0.49

18.54

22.15

29.97

36.49

25.96

Fruits

2.11

-4.48

7.47

6.69

15.09

12.56

16.84

Milk

3.24

5.30

5.18

6.89

7.42

7.48

7.99

Egg, Meat & Fish

2.41

2.52

-2.25

-4.04

4.01

2.62

1.59

Non-Food Articles

4.26

-0.74

1.06

-0.96

-2.90

-6.94

-5.64

Fibres

0.88

-10.53

-11.04

-12.08

-13.77

-18.91

-22.69

Oil Seeds

1.78

-0.89

2.59

-0.64

-1.52

-1.26

-0.20

Minerals

1.52

-26.32

-28.39

-26.50

-28.62

-29.58

-29.55

FUEL & POWER

14.91

-12.81

-10.03

-9.43

-12.98

-12.23

-14.77

Liquefied petroleum gas

0.91

-5.02

-4.73

-4.95

-6.06

-7.92

-8.86

Petrol

1.09

-13.33

-9.70

-9.20

-17.32

-17.70

-21.80

High speed diesel

4.67

-16.75

-11.86

-9.77

-14.99

-12.11

-17.59

MANUFACTURED PRODUCTS

64.97

-1.47

-0.77

-0.52

-0.45

-0.19

0.26

Food Products

9.97

-1.77

-0.12

-0.29

-1.05

0.59

1.25

Sugar

1.74

-17.48

-11.89

-11.17

-8.76

-4.85

-2.20

Edible Oils

3.04

1.71

2.83

0.82

-1.23

-1.16

-0.82

Beverages, Tobacco & Tobacco Product

1.76

3.10

4.34

4.20

2.94

3.83

4.06

Cotton Textiles

2.61

-4.63

-5.92

-5.38

-4.77

-4.37

-2.47

Man Made Textiles

2.21

-2.55

-0.67

-0.81

-1.71

-1.78

-1.71

Wood & Wood Products

0.59

6.57

5.03

5.14

1.69

1.23

2.99

Paper & Paper Products

2.03

2.54

2.27

2.61

2.74

3.59

3.56

Leather & Leather Products

0.84

-2.43

-0.34

-0.14

-1.45

-2.53

-2.34

Rubber & Plastic Products

2.99

-0.80

-0.47

-0.47

-1.07

-1.07

-0.74

Chemicals & Chemical Products

12.02

-1.69

-1.24

-1.18

-1.37

-1.11

-0.79

Non-Metallic Mineral Products

2.56

2.77

4.02

4.88

6.96

6.69

5.26

Cement & Lime

1.39

1.20

3.93

5.19

7.68

8.29

5.20

Basic Metals Alloys & Metal Product

10.75

-5.98

-4.91

-4.01

-3.06

-3.40

-2.21

Iron & Semis

1.56

-10.52

-9.61

-7.91

-5.66

-6.29

-5.02

Machinery & Machine Tools

8.93

0.37

0.37

0.90

1.05

1.35

1.81

Transport Equipment & Parts

5.21

1.25

1.18

1.40

1.33

1.10

0.96

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