TMI BlogIndex Numbers of Wholesale Price in India (Base: 2004-05=100) Review for the month of November, 2013X X X X Extracts X X X X X X X X Extracts X X X X ..... Index Numbers of Wholesale Price in India (Base: 2004-05=100) Review for the month of November, 2013 - News and Press Release Dated:- 16-12-2013 - News - The official Wholesale Price Index for All Commodities (Base: 2004-05 = 100) for the month of November, 2013 rose by 0.7 percent to 181.5 (provisional) from 180.3 (provisional) for the previous month. INFLATION The annual rate of inflation, based on monthly WPI, stood at 7.52% (provisional) for the month of November, 2013 (over November, 2012) as compared to 7.00% (provisional) for the previous month and 7.24% during the corresponding month of the previous year. Build up inflation rate in the financial year so far was 6.70% compared to a build up rate of 4.84% 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 1.9 percent to 256.3 (provisional) from 251.6 (provisional) for the previous month. The groups and items which showed variations during the month are as follow ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s:- The index for `Food Articles` group rose by 2.0 percent to 256.4 (provisional) from 251.4 (provisional) for the previous month due to higher price of egg (8%), condiments spices (7%), fruits vegetables (6%), beef buffalo meat and fish-marine (5% each), pork (4%), urad and jowar (3% each), moong, maize, ragi and wheat (2% each) and arhar, mutton, masur, milk and barley (1% each). However, the price of fish-inland (10%), tea (5%), gram (2%) and poultry chicken and rice (1% each) declined. The index for `Non-Food Articles` group rose by 2.1 percent to 216.7 (provisional) from 212.3 (provisional) for the previous month due to higher price of sugarcane (19%), gingelly seed (16%), soyabean (9%), copra (coconut) (8%), tobacco (4%), safflower (kardi seed), rape mustard seed and castor seed (3% each) and coir fibre, niger seed, fodder and mesta (1% each). However, the price of guar seed (12%), groundnut seed (6%), raw rubber (5%), raw cotton (4%), raw silk (3%), raw jute and flowers (2% each) and sunflower (1%) declined. The index for `Minerals` group rose by 0.5 percent to 365.7 (provisional) from 363.7 (provisional) for the previous month due to higher price of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... zinc concentrate (7%), steatite (4%) and crude petroleum (2%). However, the price of barytes (6%), copper ore (4%), phosphorite (3%), sillimanite (2%) and iron ore (1%) declined. FUEL POWER (Weight 14.91%) The index for this major group rose by 0.1 percent to 209.6 (provisional) from 209.4 (provisional) for the previous month due to higher price of lpg (5%), bitumen (2%) and high speed diesel (1%). However, the price of aviation turbine fuel (5%), petrol and kerosene (2% each) and furnace oil (1%) declined. MANUFACTURED PRODUCTS (Weight 64.97%) The index for this major group rose by 0.2 percent to 151.9 (provisional) from 151.6 (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 170.8 (provisional) from 169.8 (provisional) for the previous month due to higher price of gingelly oil (10%), processed prawn (6%), rice bran oil and wheat flour (atta) (3% each), sooji (rawa), maida, ghee, oil cakes and palm oil (2% each) and copra oil, tea dust (blended), cotton seed oil, soyabean oil, groundnut oil and mustard rapeseed oil ( ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 1% each). However, the price of gur (5%), khandsari and tea leaf (unblended) (2% each) and tea dust (unblended), tea leaf (blended), sugar and sunflower oil (1% each) declined. The index for `Textiles` group rose by 0.5 percent to 140.4 (provisional) from 139.7 (provisional) for the previous month due to higher price of jute yarn (6%), tyre cord fabric (3%), man made fibre, man made fabric, jute sacking cloth and cotton fabric (1% each). However, the price of gunny and hessian cloth (2%) and jute sacking bag (1 % each) declined. The index for `Wood Wood Products` group rose by 0.3 percent to 178.9 (provisional) from 178.4 (provisional) for the previous month due to higher price of plywood fibre board (1%). The index for `Paper Paper Products` group rose by 0.4 percent to 142.9 (provisional) from 142.3 (provisional) for the previous month due to higher price of kraft paper bags (2%) and cream laid woven paper and printing and writing paper (1% each). The index for `Leather Leather Products` group rose by 1.3 percent to 145.6 (provisional) from 143.8 (provisional) for the previous month due to higher price of leather footwear (2%) and leathers (1%). The index for ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... `Rubber Plastic Products` group rose by 0.1 percent to 146.7 (provisional) from 146.6 (provisional) for the previous month due to higher price of syringe (15%), rigid pvc (4%), rubber brakes and plastic/ldpe/polythene bags (2% each) and plastic/pvc suitcases, plastic rolls and rubber transmission belt (1% each). However, the prices of rubber components parts, foot ball and other rubber products (2% each) and tractor tyre, plastic bottles, polyester film and synthetic rubber compound (1% each). The index for `Chemicals Chemical Products` group declined by 0.1 percent to 148.7 (provisional) from 148.9 (provisional) for the previous month due to lower price of explosives (3%), rubber chemicals (2%) and synthetic resin, toilet soap, non-cyclic compound and pigment pigment intermediates (1% each). However, the price of organic manure, hair / body oils, safety matches/ match box and pesticides (1% each) moved up The index for `Basic Metals, Alloys Metal Products` group declined by 0.1 percent to 164.0 (provisional) from 164.1 (provisional) for the previous month due to lower price of steel castings (3%), pressure cooker (2%) and crc, lead and iron steel wire ( ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 1% each). However, the price of steel rods (10%), steel: pipes tubes (2%) and ferro silicon, brass, silver, steel structures, pig iron and melting scrap (1% each) moved up. The index for `Machinery Machine Tools` group rose by 0.5 percent to 132.2 (provisional) from 131.6 (provisional) for the previous month due to higher price of electric switches (9%), sprinkler and t.v. accessories (5 % each), ball/roller bearing (3%), boiler accessories (2%) and machine tools, electric switch gears, lamps and battery dry cells (1% each). However, the price of electric motors (3%) and hydraulic equipment and electronic pcb /micro circuit (1% each) declined. The index for `Transport, Equipment Parts` group declined by 0.1 percent to 135.5 (provisional) from 135.7 (provisional) for the previous month due to lower price of motor vehicles (1%). However, the price of railway axle wheel and bi-cycles (1% each) moved up. FINAL INDEX FOR THE MONTH OF SEPTEMBER, 2013 (BASE YEAR: 2004-05=100) For the month of September, 2013, the final Wholesale Price Index for All Commodities (Base: 2004-05=100) stood at 180.7 as compared to 179.7 (provisional) and annual rate of inflation based on ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... final index stood at 7.05 percent as compared to 6.46 percent respectively as reported on 14.10.2013. Annexure-I Wholesale Price Index and Rates of Inflation (Base Year: 2004-05=100) Month of November, 2013 Commodities/Major Groups/Groups/Sub-Groups Weight WPI Nov, 2013 Latest month over month Build up from March Year on year 2012-13 2013-14 2012-13 2013-14 2012-13 2013-14 ALL COMMODITIES 100.00000 181.5 0.18 0.67 4.84 6.70 7.24 7.52 PRIMARY ARTICLES 20.11815 256.3 0.77 1.87 6.40 14.88 9.56 15.92 Food Articles 14.33709 256.4 0.52 1.99 8.47 19.76 8.80 19.93 Cereals 3.37323 230.1 0.83 0.22 14.64 8.28 17.84 11.32 Rice 1.79348 232.5 -0.25 -0.85 15.28 12.75 15.28 14.99 Wheat 1.11595 217.1 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 2.27 1.64 17.66 5.70 23.25 7.21 Pulses 0.71662 228.6 -0.35 0.35 21.54 -1.93 18.77 -10.56 Vegetables 1.73553 402.6 1.08 10.63 8.53 115.52 -1.53 95.25 Potato 0.20150 298.4 1.95 30.76 86.02 103.55 67.85 26.71 Onion 0.17794 754.3 23.60 -5.12 91.03 163.19 16.55 190.34 Fruits 2.10717 212.1 1.47 -0.47 5.73 13.79 7.43 13.73 Milk 3.23818 222.6 0.05 0.95 4.07 5.90 6.18 6.25 Egg, Meat Fish 2.41384 282.8 0.45 -1.50 7.02 10.64 14.24 15.19 Non-Food Articles 4.25756 216.7 1.31 2.07 6.06 4.38 14.04 7.60 Fibres 0.87737 244.9 0.39 -3.20 5.70 11.72 -1.34 19.00 Oil Seeds 1.78051 205.5 2.70 3.01 17. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 86 0.20 30.60 1.78 Minerals 1.52350 365.7 1.44 0.55 -3.93 3.95 6.88 6.09 FUEL POWER 14.91021 209.6 -0.58 0.10 6.13 9.39 9.97 11.08 Liquefied petroleum gas 0.91468 169.9 1.93 4.49 4.01 5.07 4.01 10.90 Petrol 1.09015 193.8 -1.22 -2.02 4.45 2.32 1.48 4.42 High speed diesel 4.67020 222.4 0.00 0.86 14.60 10.26 14.60 15.65 MANUFACTURED PRODUCTS 64.97164 151.9 0.07 0.20 3.79 2.15 5.41 2.64 Food Products 9.97396 170.8 -0.06 0.59 8.11 3.14 9.25 2.52 Sugar 1.73731 187.2 -0.73 -0.64 16.53 -2.40 15.48 -8.41 Edible Oils 3.04293 148.4 0.27 0.95 4.87 1.16 9.76 -0.07 Beverages, Tobacco Tobacco Product 1.76247 182.9 - ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 0.17 0.00 5.11 0.72 8.13 3.39 Cotton Textiles 2.60526 159.0 0.07 0.32 3.96 5.93 5.46 8.24 Man Made Textiles 2.20573 133.8 0.40 1.13 3.66 4.94 4.36 7.47 Wood Wood Products 0.58744 178.9 0.41 0.28 4.31 2.76 5.98 4.07 Paper Paper Products 2.03350 142.9 0.37 0.42 3.24 1.93 3.47 4.31 Leather Leather Products 0.83509 145.6 0.60 1.25 2.58 8.09 2.50 7.77 Rubber Plastic Products 2.98697 146.7 0.07 0.07 2.38 5.16 3.30 6.46 Chemicals Chemical Products 12.01770 148.7 -0.07 -0.13 3.52 1.92 6.27 3.19 Non-Metallic Mineral Products 2.55597 164.7 -0.55 0.00 3.10 -1.26 4.75 0.98 Cement Lime 1.38646 162.8 -1.23 -1.21 3.13 -5.51 4.73 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... -3.21 Basic Metals Alloys Metal Product 10.74785 164.0 -0.06 -0.06 1.96 -0.49 4.45 -1.50 Iron Semis 1.56301 150.7 -0.31 0.20 -2.00 -2.65 4.32 -6.80 Machinery Machine Tools 8.93148 132.2 0.16 0.46 1.90 2.16 2.63 2.64 Transport Equipment Parts 5.21282 135.5 0.38 -0.15 3.48 2.50 4.39 3.59 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 Nov-13 Oct-13 Sep-13 Aug-13 July-13 June-13 ALL COMMODITIES 100.00 7.52 7.00 7.05 6.99 5.85 5.16 PRIMARY ARTICLES 20.12 15.92 14 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... .68 14.03 13.57 9.68 8.79 Food Articles 14.34 19.93 18.19 18.68 19.17 12.29 10.27 Cereals 3.37 11.32 12.00 13.44 15.57 17.71 17.87 Rice 1.79 14.99 15.69 18.61 21.33 21.15 20.43 Wheat 1.12 7.21 7.88 7.31 9.38 13.64 13.94 Pulses 0.72 -10.56 -11.19 -13.42 -14.70 -7.43 1.59 Vegetables 1.74 95.25 78.38 91.15 80.96 46.85 17.36 Potato 0.20 26.71 -1.21 -12.28 -15.25 -6.13 -8.38 Onion 0.18 190.34 278.21 335.88 272.54 146.43 114.76 Fruits 2.11 13.73 15.94 13.65 8.33 -4.80 0.86 Milk 3.24 6.25 5.30 5.77 6.02 3.02 4.08 Egg, Meat Fish 2.41 15.19 17.47 13.37 20.15 12.02 12.48 Non-Food Articles ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 4.26 7.60 6.79 4.92 1.21 5.71 7.73 Fibres 0.88 19.00 23.41 19.00 11.79 11.40 14.83 Oil Seeds 1.78 1.78 1.48 -5.12 -6.74 2.70 9.94 Minerals 1.52 6.09 7.03 2.33 1.99 0.48 1.32 FUEL POWER 14.91 11.08 10.33 11.72 12.66 11.36 7.51 Liquefied petroleum gas 0.91 10.90 8.18 11.42 8.39 5.78 7.80 Petrol 1.09 4.42 5.27 9.64 3.29 1.33 -6.89 High speed diesel 4.67 15.65 14.66 20.24 27.76 26.34 23.36 MANUFACTURED PRODUCTS 64.97 2.64 2.50 2.36 2.31 2.60 2.89 Food Products 9.97 2.52 1.86 1.61 2.43 4.29 6.41 Sugar 1.74 -8.41 -8.50 -7.39 -4.75 2.20 6.93 Edible Oils 3.04 -0.07 -0.74 -2.72 -2.86 -2.23 0. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 07 Beverages, Tobacco Tobacco Product 1.76 3.39 3.22 3.58 4.17 5.82 6.07 Cotton Textiles 2.61 8.24 7.97 7.85 7.30 7.37 6.21 Man Made Textiles 2.21 7.47 6.69 6.52 6.17 6.58 5.43 Wood Wood Products 0.59 4.07 4.21 4.74 3.86 3.22 4.59 Paper Paper Products 2.03 4.31 4.25 4.11 3.91 4.38 4.46 Leather Leather Products 0.84 7.77 7.07 8.40 6.29 5.63 5.41 Rubber Plastic Products 2.99 6.46 6.46 6.32 5.83 5.34 5.45 Chemicals Chemical Products 12.02 3.19 3.26 3.47 3.28 3.37 3.03 Non-Metallic Mineral Products 2.56 0.98 0.43 -0.06 0.85 2.64 3.22 Cement Lime 1.39 -3.21 -3.23 -3.86 -1.98 1.24 1.91 Basic Metals Alloys Metal Product 10.75 -1.50 -1. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 50 -2.03 -2.16 -2.64 -2.58 Iron Semis 1.56 -6.80 -7.27 -7.82 -8.03 -8.01 -8.68 Machinery Machine Tools 8.93 2.64 2.33 2.26 2.10 2.03 2.35 Transport Equipment Parts 5.21 3.59 4.14 3.85 3.72 3.49 3.59 - News - 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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