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

Press Information Bureau
Government of India
Ministry of Commerce & Industry

16-August-2011 11:53 IST

The official Wholesale Price Index for ‘All Commodities’ (Base: 2004-05 = 100) for the month July, 2011 rose by 0.7 percent to 154.0 (Provisional) from 153.0 (Provisional) for the previous month.

INFLATION

The annual rate of inflation, based on monthly WPI, stood at 9.22% (Provisional) for the month of July, 2011 (over July, 2010) as compared to 9.44% (Provisional) for the previous month and 9.98% during the corresponding month of the previous year. Build up inflation in the financial year so far was 3.01% compared to a build up of 3.45% 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 0.2 percent to 197.9 (Provisional) from 197.5 (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 1.4 percent to 192.8 (Provisional) from 190.1 (Provisional) for the previous month due to higher prices of coffee (15%), gram (8%), fish-inland (7%), ragi (6%), mutton (4%), fruits & vegetables (3%), barley, bajra and rice (2% each) and wheat (1%).  However, the prices of condiments & spices (3%), urad, egg and arhar (2% each) and poultry chicken, masur and tea (1%) declined.

The index for ‘Non-Food Articles’ group declined by 3.0 percent to 175.8 (Provisional) from 181.3 (Provisional) for the previous month due to lower prices of raw cotton (12%), flowers (7%),  raw rubber (6%), copra (4%), soyabean and mesta (3% each) and raw jute (2%).  However, the prices of gaur seed (20%), niger seed (16%), linseed (11%), coir fibre (8%), sunflower (6%), gingelly seed (5%), safflower (4%), castor seed (3%) and rape & mustard seed, cotton seed, groundnut seed and raw silk (1% each) moved up.

The index for ‘Minerals’ group declined by 1.5 percent to 307.7 (Provisional) from 312.5 (Provisional) for the previous month due to lower prices of zinc concentrate (28%), limestone (7%), barytes (5%), steatite and iron ore (4% each) and sillimanite and crude petroleum (1% each).  However, the prices of bauxite (7%), magnesite (5%), chromite (4 %) and copper ore (3%) moved up.

FUEL & POWER (Weight 14.91%)

The index for this major group rose by 2.5 percent to 165.6 (Provisional) from 161.6 (Provisional) for the previous month due to higher prices of kerosene (13%), LPG (11%) and high speed diesel (7%).  However, the prices of  bitumen (6%),      furnace oil (4%), naphtha and light diesel oil (3% each) and aviation turbine fuel (2%) declined.

MANUFACTURED PRODUCTS (Weight 64.97%)

The index for this major group rose by 0.3 percent to 137.7 (Provisional) from 137.3 (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 149.5 (Provisional) from 148.4 (Provisional) for the previous month due to higher prices of coffee powder (20%), tea dust (blended) (5%), sugar confectionary and canned fish (4% each), mustard & rapeseed oil (3%), tea leaf (unblended), groundnut oil and sugar (2% each) and oil cakes, rice bran oil, ghee, bakery products, soyabean oil, gur and sooji ( rawa ) (1% each).  However, the prices of mixed spices and vanaspati (3% each) and gingelly oil and copra oil (1% each) declined.

The index for ‘Beverages, Tobacco & Tobacco Products’ group rose by 0.7 percent to 161.8 (Provisional) from 160.6 (Provisional) for the previous month due to higher prices of bidi (5%) and rectified spirit (2%).  However, the prices of soft drinks & carbonated water (3%), dried tobacco (2%) and chewing tobacco (scented or not) (1%) declined.

The index for ‘Textiles’ group declined by 1.4 percent to 130.6 (Provisional) from 132.5 (Provisional) for the previous month due to lower prices of cotton yarn (6%), jute yarn (4%), jute sacking bag (2%) and tyre cord fabric, jute sacking cloth and gunny and hessian cloth (1% each).  However, the prices of man made fabric (2%) and woollen textiles (1%) moved up.

The index for ‘Wood & Wood Products’ group rose by 2.7 percent to 161.6 (Provisional) from 157.3 (Provisional) for the previous month due to higher prices of plywood & fibre board (5%) and processed wood (2%).

The index for ‘Paper & Paper Products’ group rose by 1.2 percent to 132.4 (Provisional) from 130.8 (Provisional) for the previous month due to higher prices of card board (14%), paper rolls (10%), corrugated sheet boxes (5%) and books/ periodicals/ journals (2%).  However, the prices of paper cartons / boxes (2%) and cream laid woven paper and maplitho paper (1% each) declined.

The index for ‘Leather & Leather Products’ group rose by 2.3 percent to 130.1 (Provisional) from 127.2 (Provisional) for the previous month due to higher prices of leather garments & jackets and leather footwear (3% each) and leathers (1%).

The index for ‘Rubber & Plastic Products’ group rose by 0.5 percent to 133.2 (Provisional) from 132.6 (Provisional) for the previous month due to higher prices of tubes (3%) and rubber products and tyres (1% each).

The index for ‘Chemicals & Chemical Products’ group rose by 0.3 percent to 131.8 (Provisional) from 131.4 (Provisional) for the previous month due to higher prices of photographic goods (5%), distemper (4%), organic manure and washing soap (3% each), basic inorganic chemicals, adhesive &  gum and di ammonium phosphate (2% each) and urea, thermocol, dye & dye intermediates, explosives, ammonium sulphate, rubber chemicals, ayurvedic medicines,     agarbattis, washing powder and pesticides (1% each).  However, the prices of thinner (13%), paints (5%), non-cyclic compound (4%), turpentine oil and synthetic resin (2% each) and lacquer & varnishes and safety matches/ match box (1 % each) declined.

The index for ‘Non-Metallic Mineral Products’ group rose by  0.4 percent to 149.9 (Provisional) from 149.3 (Provisional) for the previous month due to higher prices of white cement (5%), asbestos corrugated sheet and bricks & tiles (3% each) and slag  cement and polished granite (1% each).  However, the prices of railway sleeper and grey cement (1% each) declined.

The index for ‘Basic Metals, Alloys & Metal Products’ group rose by 0.3 percent to 151.0 (Provisional) from 150.6 (Provisional) for the previous month due to higher prices of sponge iron (5%), steel castings (4%) and iron castings, copper products (other than wire), rebars, pig iron, nuts/bolts/screw/ washers and gp/gc sheets (1% each).  However, the prices of chromium / chrome (17%), iron & steel wire (2%) and pipes/tubes/rods/strips, sheets, melting scrap and ferro manganese (1% each) declined.

The index for ‘Machinery & Machine Tools’ group declined by 0.1 percent to 123.8 (Provisional) from 123.9 (Provisional) for the previous month due to lower prices of earth moving machinery and capacitors (5% each),     hydraulic equipment and pump & assembly (4% each), ball/roller bearing (2%) and microwave oven, fluorescent tubes and pvc insulated cable (1% each).  However, the prices of conductor (4%), rubber machinery (3%), material handling equipments (2%) and grinding /wet coffee machinery, electric switches, air conditioner & refrigerators, plastic machinery, fibre optic cable, computers and batteries (1% each) moved up.

The index for ‘Transport, Equipment & Parts’ group rose by 0.9 percent to 123.9 (Provisional) from 122.8 (Provisional) for the previous month due to higher prices of motor vehicles (5%), bi-cycles (2%) and auto rickshaw / tempo / matador (1%).  However, the prices of  bus / mini bus / truck (5%) and railway brake gear (1%) declined.

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

For the month of May, 2011 the final Wholesale Price Index for ‘All Commodities’ (Base: 2004-05=100) stood at 152.4  as compared to 151.7 (Provisional) and annual rate of inflation based on final index stood at 9.56 percent as compared to 9.06 percent (Provisional) reported on 14.07.2011.

Next date of press release: 14/09/2011 for the month of August, 2011

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)

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DS