TMI BlogIndex Numbers of Wholesale Prices in India (Base: 2004-05=100)Review for the month of August, 2011.X X X X Extracts X X X X X X X X Extracts X X X X ..... Index Numbers of Wholesale Prices in India (Base: 2004-05=100)Review for the month of August, 2011. - News and Press Release Dated:- 14-9-2011 - News - Press Information Bureau Government of India Ministry of Commerce Industry 14-September-2011 11:40 IST Index Numbers of Wholesale Prices in India (Base: 2004-05=100)Review for the month of August, 2011 The official Wholesale Price Index for All Commodities (Base: 2004-05 = 100) for the month August, 2011 rose by 0.6 percent to 154.9 (Provisional) from 154.0 (Provisional) for the previous month. INFLATION The annual rate of inflation, based on monthly WPI, stood at 9.78% (Provisional) for the month of August, 2011 (over August, 2010) as compared to 9.22% (Provisional) for the previous month and 8.87% during the corresponding month of the previous year. Build up inflation in the financial year so far was 3.61% compared to a build up of 3.52% 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%) ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... The index for this major group rose by 0.9 percent to 199.6 (Provisional) from 197.9 (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 0.5 percent to 193.7 (Provisional) from 192.8 (Provisional) for the previous month due to higher prices of fish-inland (15%), ragi (8%), gram (6%), poultry chicken and rice (2% each) and maize, coffee, bajra, masur and pork (1% each). However, the prices of fish-marine (5%), urad (4%), arhar (3%) and fruits vegetables, barley and wheat (1% each) declined. The index for 'Non-Food Articles ' group rose by 3.0 percent to 181.1 (Provisional) from 175.8 (Provisional) for the previous month due to higher prices of flowers (12%), gaur seed (11%), coir fibre, raw cotton and safflower (7% each), rape mustard seed, groundnut seed, cotton seed and castor seed (4% each), fodder, niger seed, soyabean and raw silk (3% each) and copra and linseed (1% each). However, the prices of raw rubber (4%), sunflower (2%) and raw jute (1%) declined. The index for 'Minerals' group declined by 0.4 percent to 306.6 (Provisional) ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... from 307.7 (Provisional) for the previous month due to lower prices of barytes (16%), magnesite (12%), zinc concentrate (9%), iron ore (4%), sillimanite (3%) and crude petroleum (1%). However, the prices of copper ore (17%), bauxite (8%), limestone and dolomite (4% each) and steatite (1%) moved up. FUEL POWER (Weight 14.91%) The index for this major group rose by 0.8 percent to 167.0 (Provisional) from 165.6 (Provisional) for the previous month due to higher prices of furnace oil (6%), naphtha (4%), light diesel oil (3%) and bitumen, aviation turbine fuel and lubricants (2% each). MANUFACTURED PRODUCTS (Weight 64.97%) The index for this major group rose by 0.4 percent to 138.3 (Provisional) from 137.7 (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 150.4 (Provisional) from 149.5 (Provisional) for the previous month due to higher prices of ghee (7%), powder milk and oil cakes (3% each), sugar confectionary, mustard rapeseed oil, sooji, copra oil, groundnut oil and soyabean oil (2% each) and mixed spices, sunflower o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... il and gur (1% each). However, the prices of tea leaf (unblended) and tea dust (unblended) (3% each) and vanaspati, processed prawn and tea leaf (blended) (1% each) declined. The index for Beverages, Tobacco Tobacco Products group rose by 0.9 percent to 163.3 (Provisional) from 161.8 (Provisional) for the previous month due to higher prices of chewing tobacco (scented or not ) (14%) and cigarette (2%). The index for 'Textiles' group declined by 1.8 percent to 128.3 (Provisional) from 130.6 (Provisional) for the previous month due to lower prices of cotton yarn (7%), jute yarn (5%) and jute sacking cloth, man made fibre, jute sacking bag and cotton fabric (1% each). However, the prices of gunny and hessian cloth (8%) and woollen textiles (5%) moved up. The index for 'Wood Wood Products' group rose by 0.6 percent to 162.5 (Provisional) from 161.6 (Provisional) for the previous month due to higher prices of processed wood and plywood fibre board (1% each). The index for 'Paper Paper Products' group declined by 1.1 percent to 131.0 (Provisional) from 132.4 (Provisional) for the previous month due to lower prices of card board (11%), corrugated sheet boxes (3%), ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... printing and writing paper (2%) and kraft paper bags (1%). However, the prices of laminated paper (3%) and newsprint and maplitho paper (1% each) moved up. The index for 'Leather Leather Products' group declined by 0.2 percent to 129.9 (Provisional) from 130.1 (Provisional) for the previous month due to lower prices of leathers (1%). However, the prices of leather garments jackets (2%) moved up. The index for 'Rubber Plastic Products' group rose by 0.3 percent to 133.6 (Provisional) from 133.2 (Provisional) for the previous month due to higher prices of rubber products (1%). The index for 'Chemicals Chemical Products' group rose by 0.9 percent to 133.0 (Provisional) from 131.8 (Provisional) for the previous month due to higher prices of distemper and paints (7% each), non-cyclic compound and explosives (3% each), toilet soap (2%) and tooth paste / tooth powder, pesticides, basic inorganic chemicals, polymers, di ammonium phosphate, basic organic chemicals, antacid and digestive preparations and vaccines (1% each). However, the prices of safety matches/ match box (4%) declined. The index for 'Non-Metallic Mineral Products' group declined by 0.3 percent ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... to 149.4 (Provisional) from 149.9 (Provisional) for the previous month due to lower prices of white cement (4%), marbles (3%) and slag cement and grey cement (1% each). However, the prices of bricks tiles and glass bottles bottleware (1% each) moved up. The index for 'Basic Metals, Alloys Metal Products' group rose by 1.6 percent to 153.4 (Provisional) from 151.0 (Provisional) for the previous month due to higher prices of gold gold ornaments (14%), steel (12%), copper wire (all types) (10%), silver (4%), sponge iron (3%), pig iron (2%) and melting scrap, copper / copper ingots, iron steel wire, pencil ingots, rounds, rebars, sheets, hrc, fixtures, wire rods, crc and joist beams (1% each). However, the prices of nuts/bolts/screw/ washers (10%) and metal containers, copper products (other than wire), ferro manganese and aluminium (1% each) declined. The index for 'Machinery Machine Tools group rose by 0.4 percent to 124.3 (Provisional) from 123.8 (Provisional) for the previous month due to higher prices of earth moving machinery (6%), computers and transformer (4 % each), ball/roller bearing (3%), grinding /wet coffee machinery, textile machinery and har ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... vester (2% each) and electric switches, lamps, fibre optic cable, electric motors and insulators (1% each). However, the prices of electric switch gears, plastic machinery, electric motor starters and machine tools (1% each) declined. The index for 'Transport, Equipment Parts' group rose by 0.3 percent to 124.3 (Provisional) from 123.9 (Provisional) for the previous month due to higher prices of parts of ships/boats etc. (7%), bi-cycles (2%) and auto parts and tractors (1% each). However, the prices of railway brake gear (1%) declined. FINAL INDEX FOR THE MONTH OF JUNE, 2011 (BASE YEAR: 2004-05=100) For the month of June, 2011 the final Wholesale Price Index for All Commodities (Base: 2004-05=100) stood at 153.1 as compared to 152.4 (Provisional) andannual rate of inflation based on final index stood at 9.51 percent as compared to 9.44 percent (Provisional) reported on 16.08.2011. Next date of press release: 14/10/2011 for the month of September, 2011 Annexure-I Wholesale Price Index and Rates of Inflation (Base Year: 2004-05=100) Month of August, 2011 Commodities/Major G ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... roups/Groups/Sub-Groups Weight WPI August, 2011 Latest month over month Build up from March Year on year 2010-11 2011-12 2010-11 2011-12 2010-11 2011-12 ALL COMMODITIES 100.00000 154.9 0.07 0.58 3.52 3.61 8.87 9.78 PRIMARY ARTICLES 20.11815 199.6 -0.28 0.86 6.87 6.06 15.96 12.58 Food Articles 14.33709 193.7 -0.84 0.47 8.01 8.21 14.96 9.62 Cereals 3.37323 177.8 0.78 0.85 1.32 3.19 8.49 5.39 Rice 1.79348 172.9 -0.90 1.71 0.67 3.53 7.38 5.17 Wheat 1.11595 170.0 2.80 -0.58 -0.17 -1.79 10.22 -1.45 Pulses 0.71662 193.1 -1.99 1.36 1.41 1.10 7.75 -4.26 Vegetables 1.73553 197.0 2.44 6.37 33.48 37.47 -4.50 11.80 Potato 0.20150 150.0 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... -0.30 5.63 26.47 40.32 -45.48 12.53 Onion 0.17794 239.3 4.24 19.29 -3.85 33.61 -1.26 45.29 Fruits 2.10717 184.1 -12.19 -6.31 2.95 -0.22 12.20 22.82 Milk 3.23818 193.1 1.09 -0.16 5.56 10.60 26.89 9.41 Egg, Meat Fish 2.41384 210.6 1.01 2.43 10.46 7.78 26.99 10.78 Non-Food Articles 4.25756 181.1 1.05 3.01 2.33 -5.38 15.81 17.75 Fibres 0.87737 215.6 0.19 5.84 4.17 -23.98 15.74 36.98 Oil Seeds 1.78051 161.0 0.95 3.01 1.62 6.62 2.52 16.33 Minerals 1.52350 306.6 0.93 -0.36 7.25 14.92 23.77 23.43 FUEL POWER 14.91021 167.0 0.14 0.85 5.64 5.96 12.55 12.84 Liquefied petroleum gas 0.91468 147.9 0.00 0.14 14.99 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 14.74 15.30 14.74 Petrol 1.09015 172.4 0.00 0.00 8.62 8.70 15.33 23.23 High speed diesel 4.67020 167.8 0.00 0.00 6.15 9.24 14.64 9.32 MANUFACTURED PRODUCTS 64.97164 138.3 0.16 0.44 1.66 1.99 5.16 7.79 Food Products 9.97396 150.4 0.14 0.60 -1.76 3.65 4.58 8.05 Sugar 1.73731 170.9 -2.01 0.41 -12.42 0.23 2.10 6.28 Edible Oils 3.04293 133.5 1.46 0.45 3.68 3.65 3.50 12.94 Beverages, Tobacco Tobacco Product 1.76247 163.3 0.42 0.93 1.62 5.70 6.81 13.17 Cotton Textiles 2.60526 142.1 0.25 -4.37 4.65 -8.14 14.72 16.86 Man Made Textiles 2.20573 119.2 0.63 -1.16 3.78 -2.38 9.54 5.96 Wood Wood Products 0.58744 162.5 0.27 0.56 1.16 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 7.12 4.66 9.72 Paper Paper Products 2.03350 131.0 1.78 -1.06 5.10 1.16 5.10 4.30 Leather Leather Products 0.83509 129.9 0.08 -0.15 1.10 3.51 0.08 0.85 Rubber Plastic Products 2.98697 133.6 0.08 0.30 2.91 0.45 4.65 7.92 Chemicals Chemical Products 12.01770 133.0 0.41 0.91 1.83 2.86 4.34 8.48 Non-Metallic Mineral Products 2.55597 149.4 -0.76 -0.33 0.70 0.74 2.13 3.75 Cement Lime 1.38646 152.6 -1.30 -0.97 0.13 -0.72 1.27 0.79 Basic Metals Alloys Metal Product 10.74785 153.4 0.22 1.59 3.54 3.44 7.51 11.56 Iron Semis 1.56301 148.9 0.08 1.57 -0.40 6.13 6.20 20.76 Machinery Machine Tools 8.93148 124.3 0.25 0.40 1.09 0.81 2.37 2.90 Transport Equi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... pment Parts 5.21282 124.3 -0.91 0.32 1.02 1.55 2.93 4.19 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 Aug-11 July-11 June-11 May-11 Apr-11 Mar-11 ALL COMMODITIES 100.00 9.78 9.22 9.51 9.56 9.74 9.68 PRIMARY ARTICLES 20.12 12.58 11.30 11.31 12.92 15.09 13.44 Food Articles 14.34 9.62 8.19 7.64 8.25 10.66 9.41 Cereals 3.37 5.39 5.32 5.05 5.76 4.42 3.48 Rice 1.79 5.17 2.47 2.86 3.79 2.32 2.27 Wheat 1.12 -1.45 1.91 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... -0.06 -0.42 0.18 0.17 Pulses 0.72 -4.26 -7.43 -9.33 -9.21 -6.37 -3.97 Vegetables 1.74 11.80 7.67 -6.45 -0.66 2.02 8.56 Potato 0.20 12.53 6.21 0.48 0.08 -1.09 1.42 Onion 0.18 45.29 26.96 16.11 8.13 6.01 4.55 Fruits 2.11 22.82 15.11 19.79 27.42 44.44 26.72 Milk 3.24 9.41 10.77 11.52 6.11 2.87 4.43 Egg, Meat Fish 2.41 10.78 9.25 9.88 6.59 11.14 13.54 Non-Food Articles 4.26 17.75 15.51 18.44 21.42 26.86 27.35 Fibres 0.88 36.98 29.66 44.61 56.90 87.22 87.69 Oil Seeds 1.78 16.33 14.00 12.85 12.06 10.03 10.87 Minerals 1.52 23.43 25.03 23.41 29.57 23.57 15.20 FUEL POWER 14.91 12.84 12. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 04 12.85 12.32 13.04 12.49 Liquefied petroleum gas 0.91 14.74 14.58 12.17 11.31 11.31 14.99 Petrol 1.09 23.23 23.23 30.61 27.31 21.81 23.14 High speed diesel 4.67 9.32 9.32 6.58 5.49 5.49 6.22 MANUFACTURED PRODUCTS 64.97 7.79 7.49 7.90 7.43 6.80 7.45 Food Products 9.97 8.05 7.55 8.77 7.85 5.94 2.40 Sugar 1.74 6.28 3.72 7.53 5.53 3.45 -7.14 Edible Oils 3.04 12.94 14.08 15.80 15.47 13.47 12.98 Beverages, Tobacco Tobacco Product 1.76 13.17 12.60 12.59 9.74 7.71 8.80 Cotton Textiles 2.61 16.86 22.51 25.45 28.89 31.08 33.13 Man Made Textiles 2.21 5.96 7.87 10.13 10.45 11.83 12.64 Wood Wood Products 0.59 9.72 9.41 9.47 5. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 29 2.89 3.62 Paper Paper Products 2.03 4.30 7.29 7.79 7.88 6.86 8.37 Leather Leather Products 0.84 0.85 1.09 1.17 -0.55 -0.16 -1.49 Rubber Plastic Products 2.99 7.92 7.68 8.05 8.14 9.52 10.56 Chemicals Chemical Products 12.02 8.48 7.94 8.01 7.50 6.85 7.39 Non-Metallic Mineral Products 2.56 3.75 3.31 4.54 3.59 3.62 3.71 Cement Lime 1.39 0.79 0.46 2.26 2.04 1.78 1.65 Basic Metals Alloys Metal Product 10.75 11.56 10.06 9.54 8.36 7.49 11.67 Iron Semis 1.56 20.76 18.99 18.80 15.02 12.36 13.33 Machinery Machine Tools 8.93 2.90 2.74 2.99 3.08 2.82 3.18 Transport Equipment Parts 5.21 4.19 2.91 3.00 1.42 2.08 3.64 DS/gk - News - ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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