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Index Numbers of Wholesale Prices in India (Base: 2004-05=100) Review for the month of November, 2010

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..... Index Numbers of Wholesale Prices in India (Base: 2004-05=100) Review for the month of November, 2010 - News and Press Release Dated:- 14-12-2010 - News - The Wholesale Price Index for 'All Commodities' (Base: 2004-05=100) for the month of November, 2010 rose by 0.4 percent to 142.3 (Provisional) from 141.7 (Provisional) for the previous month. INFLATION The annual rate of inflation, based on monthly WPI, stood at 7.48% (Provisional) for the month of November, 2010 (over November, 2009) as compared to 8.58% (Provisional) for the previous month and 4.50% during the corresponding month of the previous year. Build up inflation in the financial year so far was 4.79% compared to a build up of 7.47% in the corresponding period of the prev .....

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..... ious year. Inflation for important commodities / commodity groups is indicated in Annex-1. 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 0.8 percent to 182.6 (Provisional) from 181.2 (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 Articles' group rose by 0.1 percent to 180.2 (Provisional) from 180.1 (Provisional) for the previous month due to higher prices of egg (13%), tea (4%), barley and fish-marine (3% each), maize, beef buffalo meat and pork (2% each) and poultry chicken, gram and fruits vegetables (1% each). .....

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..... However, the prices of urad (10%), moong (8%), arhar (5%), fish-inland (4%), bajra andjowar (3% each), masur and mutton (2% each) and milk and wheat (1% each) declined. The index for 'Non-Food Articles' group rose by 3.9 percent to 167.7 (Provisional) from 161.4 (Provisional) for the previous month due to higher prices of logs timber and flowers (35% each), raw jute (18%), niger seed (13%), raw rubber (10%), safflower (9%), fodder (8%), coir fibre (7%), copra (6%), sunflower (4%), raw cotton and castor seed (2% each) and gingelly seed and raw silk (1% each). However, the prices of groundnut seed (8%), gaur seed and mesta (4% each) and linseed and cotton seed (1% each) declined. FUEL, POWER, LIGHT LUBRICANTS (Weight 14.91%) .....

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..... The index for this major group rose by 0.3 percent to 148.6 (Provisional) from 148.1 (Provisional) for the previous month due to higher prices of light diesel oil (5%), aviation turbine fuel (4%) and petrol, furnace oil and naphtha (1% each). MANUFACTURED PRODUCTS (Weight 64.97%) The index for this major group rose by 0.3 percent to 128.4 (Provisional) from 128.0 (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 1.1 percent to 141.5 (Provisional) from 140.0 (Provisional) for the previous month due to higher prices of tea leaf (11%), canned fish (6%), sunflower oil (4%), salt, gram powder (besan), oilc .....

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..... akes and sugar (2% each) and copra oil, soyabean oil, vanaspati, ice cream, palm oil, powder milk and ghee (1% each). However, the prices of gur and molasses (4% each), groundnut oil (3%), cashew kernel (2%) and canned meat, mixed spices and butter (1% each) declined. The index for 'Beverages, Tobacco Tobacco Products' group rose by 0.3 percent to 144.5 (Provisional) from 144.1 (Provisional) for the previous month due to higher prices of dried tobacco (5%) and non-alcoholic beverages (all types) (1%). The index for 'Textiles' group rose by 0.3 percent to 117.3 (Provisional) from 116.9 (Provisional) for the previous month due to higher prices of woollen yarn (15%), viscose staple fibre (8%), tyre cord fabric and nylon yarn (3% each), .....

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..... cotton cloth finished /processed, finished / processed cotton yarn (not knitted), texturised and twisted yarn, gunny and hessian cloth, synthetic suiting (incl.blended) and cotton yarn (dyed) (2% each) and jute sacking bag, polyester yarn, synthetic yarn, coir mats matting, jute sacking cloth and cotton yarn (unbleached) (1% each). However, the prices of mixed fabrics, other cotton hosiery goods and acrylic yarn (1% each) declined. The index for 'Wood Wood Products' group declined by 0.3 percent to 148.2 (Provisional) from 148.6 (Provisional) for the previous month due to lower prices of plywood board (1%). However, the prices of veneer wood (3%) moved up. The index for 'Paper Paper Products' group rose by 0.7 percent to 125.7 .....

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..... (Provisional) from 124.8 (Provisional) for the previous month due to higher prices of kraft paper bags (4%), paper cartons / boxes (3%) and newsprint, maplitho paper and laminated paper (1% each). However, the prices of other printing and publishing (3%) and books/periodicals/ journals (2%) declined. The index for 'Leather Leather Products' group declined by 0.2 percent to 127.9 (Provisional) from 128.2 (Provisional) for the previous month due to lower prices of leather shoe upper (1%). The index for 'Rubber Plastic Products' group rose by 0.8 percent to 125.0 (Provisional) from 124.0 (Provisional) for the previous month due to higher prices of rubber moulded goods (16%), plastic/pvc pipe (8%), rubber transmission belt (4%), .....

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..... cycle / rickshaw tube and polyester film (3% each) and HDPE bag and rubber brakes (1% each). However, the prices of plastic containers (3%) and other plastic products and polyester chips (1% each) declined. The index for 'Chemicals Chemical Products' group rose by 0.1 percent to 123.0 (Provisional) from 122.9 (Provisional) for the previous month due to higher prices of cypermethrin (4%), additives (3%), adhesive gum (2%) and acid (inorganic), olio resin gelatin, dye dye intermediates, caustic soda soda ash and hardeners (1% each). However, the prices of phenol or phenol extract (6%), other pesticides and perfume / scent (2% each) and bleaching powder, chlorine and alcohol mixture (1% each) declined. The index for 'Non-Me .....

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..... tallic Mineral Products' group rose by 0.1 percent to 144.5 (Provisional) from 144.4 (Provisional) for the previous month due to higher prices of concrete poles posts (6%) and railway sleeper (1%). However, the prices of white cement (1%) declined. The index for 'Basic Metals, Alloys Metal Products' group rose by 0.2 percent to 134.1 (Provisional) from 133.8 (Provisional) for the previous month due to higher prices of non-ferrous casting forging, CRC, zinc and HRC (2% each) and pig iron, locks, rails, cylinder liners, aluminium coils/rolls and slab (1% each). However, the prices of aluminium seals (4%), melting scrap and nuts/bolts/screw/ washers (2% each) and pipes/tubes/rods/strips, sponge iron, pencil ingots, steel rods and ang .....

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..... les (1% each) declined. The index for 'Machinery Machine Tools' group rose by 0.1 percent to 121.1 (Provisional) from 121.0 (Provisional) for the previous month due to higher prices of electric connectors / plugs /sockets/holders (20%), meters / starter (non-electrical) and food/ beverages/tobacco processing machinery (5% each), industrial valves (2%) and engines (1%). However, the prices of textile machinery (2%) declined. The index for 'Transport, Equipment Parts' group rose by 0.1 percent to 119.6 (Provisional) from 119.5 (Provisional) for the previous month due to higher prices of shafts (all kinds) (2%) and tractors (1%). FINAL INDEX FOR THE MONTH OF SEPTEMBER, 2010 (BASE YEAR: 2004-05=100) For the month of September, .....

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..... 2010 the final Wholesale Price Index for 'All Commodities' (Base: 2004-05=100) stood at 141.5 as compared to 141.1 (Provisional) and annual rate of inflation based on final index stood at 8.93 percent as compared to 8.62 percent (Provisional) reported on 15.10.2010. Next date of press release: 14/01/2011 for the month of December, 2010 Annexure-I Wholesale Price Index and Rates of Inflation (Base Year: 2004-05=100) Month of November, 2010 Commodities/Major Groups/Groups/Sub-Groups Weight WPI Nov. 2010 Latest month over month Build up from March Year on year 2009-10 2010-11 2009-10 2010-11 .....

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..... 2009-10 2010-11 ALL COMMODITIES 100.00000 142.3 1.46 0.42 7.47 4.79 4.50 7.48 PRIMARY ARTICLES 20.11815 182.6 4.06 0.77 19.00 10.07 14.29 13.00 Food Articles 14.33709 180.2 4.37 0.06 21.46 10.15 16.73 9.41 Cereals 3.37323 168.4 3.23 -0.12 10.42 1.14 14.29 1.20 Rice 1.79348 165.8 1.50 0.24 7.61 1.53 11.14 1.97 Wheat 1.11595 171.4 6.55 -0.52 15.46 -0.81 19.26 -1.49 Pulses 0.71662 190.6 7.38 -3.83 30.74 -4.17 2 .....

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..... 9.11 -8.37 Vegetables 1.73553 183.0 6.97 -1.56 65.06 38.64 1.86 -4.59 Potatoes 0.20150 151.6 -3.29 1.27 184.50 43.83 128.48 -48.37 Onions 0.17794 290.0 10.32 29.35 21.06 69.29 18.55 15.45 Fruits 2.10717 163.7 0.07 3.61 10.80 12.43 9.03 19.93 Milk 3.23818 177.1 2.94 -0.56 12.55 5.92 22.12 17.52 Egg, Meat Fish 2.41384 194.6 7.49 0.62 27.72 13.07 27.62 19.98 Non-Food Articles 4.25756 167.7 3.03 3.90 9.05 11.58 4 .....

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..... .85 23.22 Fibres 0.87737 193.3 4.34 3.48 13.16 27.93 2.45 36.22 Oil Seeds 1.78051 138.0 3.15 -1.43 5.25 1.32 2.52 2.68 Minerals 1.52350 247.1 3.15 0.00 21.08 6.69 14.92 21.54 FUEL,POWER,LIGHT LUBRICANTS 14.91021 148.6 0.97 0.34 9.42 6.07 -1.10 10.32 Liquefied petroleum gas 0.91468 128.9 0.00 0.00 0.18 14.99 -7.45 15.30 Petrol 1.09015 143.4 0.00 1.41 9.97 11.34 -11.91 18.22 High speed diesel oil 4.67020 153.6 0.00 0.07 .....

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..... 6.52 6.22 -5.84 14.71 MANUFACTURED PRODUCTS 64.97164 128.4 0.49 0.31 2.85 2.23 2.33 4.56 Food Products 9.97396 141.5 3.53 1.07 14.30 -0.14 17.94 0.57 Sugar 1.73731 163.9 9.06 1.93 44.73 -10.73 69.52 -10.97 Edible Oils 3.04293 120.3 1.25 0.42 0.18 5.53 -5.01 5.80 Beverages, Tobacco Tobacco Product 1.76247 144.5 0.37 0.28 3.81 1.76 6.48 6.02 Cotton Textiles 2.60526 124.6 0.74 0.73 5.33 7.23 5.54 14.73 Man Made Textiles 2.20573 .....

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..... 112.1 -0.20 -0.71 2.00 3.41 -0.68 9.90 Wood Wood Products 0.58744 148.2 -0.68 -0.27 5.97 1.23 9.97 1.79 Paper Paper Products 2.03350 125.7 -0.17 0.72 2.06 5.19 1.36 5.63 Leather Leather Products 0.83509 127.9 0.15 -0.23 4.75 0.39 5.94 -1.77 Rubber Plastic Products 2.98697 125.0 0.17 0.81 1.64 3.91 0.17 6.02 Chemicals Chemical Products 12.01770 123.0 0.00 0.08 0.95 2.16 -0.93 4.95 Non-Metallic Mineral Products 2.55597 144.5 -0.42 0.07 .....

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..... 1.66 1.05 7.15 2.63 Cement Lime 1.38646 152.0 -1.13 0.07 0.47 0.53 7.38 2.36 Basic Metals Alloys Metal Product 10.74785 134.1 -0.48 0.22 -1.49 4.03 -7.40 7.11 Iron Semis 1.56301 125.0 -1.36 -0.40 -6.53 0.97 -8.81 7.76 Machinery Machine Tools 8.93148 121.1 0.34 0.08 0.08 1.34 -0.25 2.80 Transport Equipment Parts 5.21282 119.6 0.34 0.08 -0.17 1.27 3.28 2.66 - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI .....

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..... - TaxTMI - TMITax .....

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