Index Numbers of Wholesale Prices in India (Base: 2004-05=100) Review for the month of June, 2011.

Government of India
Ministry of Commerce & Industry

14-July-2011 12:20 IST

Index Numbers of Wholesale Prices in India (Base: 2004-05=100) Review for the month of June, 2011

The official Wholesale Price Index for 'All Commodities' (Base: 2004-05 = 100) for the month June, 2011 rose by 0.9 percent to 153.0 (Provisional) from 151.7 (Provisional) for the previous month. 

INFLATION 

The annual rate of inflation, based on monthly WPI, stood at 9.44% (Provisional) for the month of June, 2011 (over June, 2010) as compared to 9.06% (Provisional) for the previous month and 10.25% during the corresponding month of the previous year. Build up inflation in the financial year so far was 2.34% compared to a build up of 2.57% 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 2.8 percent to 197.5 (Provisional) from 192.1 (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 rose by 1.9 percent to 190.1 (Provisional) from 186.5 (Provisional) for the previous month due to higher prices of tea (13%), jowar (10%), milk (6%), coffee, egg and fish-marine (5% each), gram (4%), pork, fish-inland and mutton (2% each) and maize and fruits & vegetables (1% each).  However, the prices of arhar (4%), bajra, masur, ragi, poultry chicken, barley and urad (3% each), condiments & spices (2%) and moong (1%) declined. 

The index for 'Non-Food Articles' group declined by 1.7 percent to 181.3 (Provisional) from 184.5 (Provisional) for the previous month due to lower prices of logs & timber (21%), gingelly seed (9%), raw cotton and raw jute (8% each), mesta (7%), raw silk (6%), castor seed, flowers and safflower (2% each) and sunflower and raw rubber (1% each). However, the prices of gaur seed (12%), rape & mustard seed and linseed (5% each), fodder (3%), groundnut seed (2%) and copra (1%) moved up. 

The index for 'Minerals' group rose by 17.2 percent to 312.5 (Provisional) from 266.7 (Provisional) for the previous month due to higher prices of crude petroleum (34%), magnesite (9%), steatite (7%), barytes and chromite (5% each),      copper ore (3%) and iron ore (2%).  However, the prices of sillimanite (8%) and zinc concentrate (2%) declined. 

FUEL & POWER (Weight 14.91%) 

The index for this major group rose by 0.7 percent to 161.6 (Provisional) from 160.4 (Provisional) for the previous month due to higher prices of kerosene (5%), petrol and LPG (4% each), high speed diesel and bitumen (2% each).  However, the prices of light diesel oil (7%), aviation turbine fuel (5%), naphtha (4%) and furnace oil (3%) declined. 

MANUFACTURED PRODUCTS (Weight 64.97%) 

The index for this major group rose by 0.1 percent to 137.3 (Provisional) from 137.2 (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 rose by 0.6 percent to 148.4 (Provisional) from 147.5 (Provisional) for the previous month due to higher prices of  tea leaf (blended) (11%), mixed spices (7%), gur (6%), groundnut oil, powder milk, cotton seed oil and tea dust (blended) (3% each), tea leaf (unblended) and sunflower oil (2% each) and soyabean oil, ghee, copra oil, gola (cattle feed), mustard & rapeseed oil, vanaspati, gingelly oil, canned fish and tea dust (unblended) (1% each).  However, the prices of rice bran oil (6%), sooji (rawa) (5%), palm oil and processed prawn (2 % each) and sugar and sugar confectionary (1% each) declined. 

The index for ‘Beverages, Tobacco & Tobacco Products’ group rose by 3.5 percent to 160.6 (Provisional) from 155.1 (Provisional) for the previous month due to higher prices of dried tobacco (16%) and bidi (12%).

The index for 'Textiles' group declined by 1.0 percent to 132.5 (Provisional) from 133.8 (Provisional) for the previous month due to lower prices of  cotton yarn (5%),  man made fibre (2%) and gunny and hessian cloth (1%).  However, the prices of  jute yarn (5%), woollen textiles, man made fabric and cotton fabric (1% each) moved up. 

The index for 'Wood & Wood Products' group rose by 1.9 percent to 157.3 (Provisional) from 154.4 (Provisional) for the previous month due to higher prices of  plywood & fibre board (3%) and processed wood (1%). 

The index for 'Paper & Paper Products' group rose by 0.3 percent to 130.8 (Provisional) from 130.4 (Provisional) for the previous month due to higher prices of maplitho paper (5%), cream  laid woven paper (3%) and paper cartons / boxes (1%).  However, the prices of newspaper (2%) and paper rolls (1%) declined. 

The index for 'Leather & Leather Products' group rose by 0.6 percent to 127.2 (Provisional) from 126.5 (Provisional) for the previous month due to higher prices of  leather footwear (1%). 

The index for 'Rubber & Plastic Products' group declined by 0.7 percent to 132.6 (Provisional) from 133.6 (Provisional) for the previous month due to lower prices of  plastic products (2%).  However, the prices of tyres (1%) moved up. 

The index for 'Chemicals & Chemical Products' group rose by 0.1 percent to 131.4 (Provisional) from 131.3 (Provisional) for the previous month due to higher prices of rubber chemicals (4%), vitamins, adhesive &  gum and lacquer & varnishes (3% each), turpentine oil and di ammonium phosphate (2% each) and hair / body oils, basic inorganic chemicals and washing soap (1% each).  However, the prices of pesticides (2%) and synthetic resin, non-cyclic compound and explosives (1% each) declined. 

The index for 'Non-Metallic Mineral Products' group declined by 0.1 percent to 149.3 (Provisional) from 149.4 (Provisional) for the previous month due to lower prices of lime (2%) and slag cement (1%).  However, the prices of white cement (1%) moved up. 

The index for 'Basic Metals, Alloys & Metal Products' group rose by 0.6 percent to 150.6 (Provisional) from 149.7 (Provisional) for the previous month due to higher prices of  pencil  ingots (4%), metal containers (3%) and sheets, melting scrap, gold & gold ornaments, rounds, steel castings, gp/gc sheets, steel structures, furniture and joist & beams (1% each).  However, the prices of silver (7%), ferro silicon and sponge iron (3% each) and pipes/tubes/rods/strips (1 %) declined. 

The index for 'Machinery & Machine Tools' group declined by 0.1 percent to 123.9 (Provisional) from 124.0 (Provisional) for the previous month due to lower prices of machine tools (3%), fibre optic cable (2%) and t.v.sets,     electric motors, batteries, insulators and electronic pcb /micro circuit (1% each).  However, the prices of electric switch gears, magnets and hydraulic equipment (1% each) moved up. 

The index for 'Transport, Equipment & Parts' group declined by 1.7 percent to 122.8 (Provisional) from 124.9 (Provisional) for the previous month due to lower prices of motor vehicles (5%) and railway brake gear (4%).  However, the prices of motor cycle / scooter / moped (1%) moved up.

FINAL INDEX FOR THE MONTH OF APRIL, 2011 (BASE YEAR: 2004-05=100) 

For the month of April, 2011 the final Wholesale Price Index for ‘All Commodities’ (Base: 2004-05=100) stood at 152.1  as compared to 150.6 (Provisional) and annual rate of inflation based on final index stood at 9.74 percent as compared to 8.66 percent (Provisional) reported on 14.06.2011. 

Next date of press release: 16/08/2011 for the month of July, 2011

Office of Economic Adviser, Ministry of Commerce & Industry, New Delhi,

Annexure-I

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

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DS