TMI BlogIndex Numbers of Wholesale Price in India (Base: 2004-05=100), Review for the Month of December, 2014X 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 December, 2014 - News and Press Release Dated:- 14-1-2015 - News - The official Wholesale Price Index for All Commodities (Base: 2004-05 = 100) for the month of December, 2014 declined by 0.9 percent to 179.8 (provisional) from 181.5 (provisional) for the previous month. INFLATION The annual rate of inflation, based on monthly WPI, stood at 0.11% (provisional) for the month of December, 2014 (over December, 2013) as compared to 0.0% (provisional) for the previous month and 6.40% during the corresponding month of the previous year. Build up inflation rate in the financial year so far was -0.28% compared to a build up rate of 5.58% 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 declined by 1.3 percent to 249.0 (provisional) from 252.4 (provisional) for the previous month. The groups and items which showed variations during ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the month are as follows:- The index for Food Articles group declined by 1.9 percent to 252.7 (provisional) from 257.5 (provisional) for the previous month due to lower price of fruits vegetables (5%), beef buffalo meat, fish-inland, pork and poultry chicken (4% each), bajra, rice and fish-marine (2% each) and arhar (1%). However, the price of egg (6%), moong (4%), barley and ragi (2% each) and wheat, gram, maize, masur and condiments spices (1% each) moved up. The index for Non-Food Articles group rose by 0.3 percent to 209.1 (provisional) from 208.5 (provisional) for the previous month due to higher price of flowers (10%), niger seed, soyabean and mesta (5% each), raw jute and sunflower (3% each), rape mustard seed (2%) and fodder and linseed (1% each). However, the price of guar seed (9%), copra (coconut) (6%), gingelly seed (4 %), groundnut seed (3%), raw silk, raw wool and cotton seed (2% each) and raw rubber (1%) declined. The index for Minerals group declined by 0.5 percent to 325.7 (provisional) from 327.4 (provisional) for the previous month due to lower price of barites and phosphorite (7% each), crude petroleum (4%), manganese ore (3%) and ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... sillimanite and steatite (1% each). However, the price of magnesite (29%), zinc concentrate (25%), copper ore (11%) and limestone (4%) moved up. FUEL POWER (Weight 14.91%) The index for this major group declined by 2.4 percent to 194.6 (provisional) from 199.3 (provisional) for the previous month due to lower price of furnace oil (10%), bitumen (8%), aviation turbine fuel (5%) and LPG, petrol and high speed diesel oil (2% each) and kerosene (1%). MANUFACTURED PRODUCTS (Weight 64.97%) The index for this major group declined by 0.3 percent to 154.9 (provisional) from 155.4 (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 0.1 percent to 172.7 (provisional) from 172.6 (provisional) for the previous month due to higher price of mixed spices (8%), tea leaf (blended) and powder milk (5% each), bakery products and sugar confectionary (4% each), tea leaf (unblended), soyabean oil and canned fish (3% each), copra oil and groundnut oil (2% each) and mustard rapeseed oil, sunflower oil, oil cakes and gingelly oil (1% each). Howeve ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... r, the price of gur (4%), gram powder (besan) and sugar (3% each), cotton seed oil, rice bran oil and vanaspati (2% each) and palm oil, tea dust (blended), tea dust (unblended) and khandsari (1% each) declined. The index for Textiles group declined by 0.4 percent to 142.2 (provisional) from 142.8 (provisional) for the previous month due to lower price of cotton yarn (2%) and tyre cord fabric, woollen textiles and man made fibre (1% each). However, the price of gunny and hessian cloth and jute yarn (2% each) moved up. The index for Wood Wood Products group rose by 1.4 percent to 189.1 (provisional) from 186.5 (provisional) for the previous month due to higher price of plywood fibre board (3%). The index for Paper Paper Products group declined by 0.1 percent to 151.2 (provisional) from 151.3 (provisional) for the previous month due to lower price of paper cartons / boxes, paper rolls and corrugated sheet boxes (2% each) and paper pulp and newspaper (1% each). However, the price of newsprint (3%), books/ periodicals/ journals and laminated paper (2% each) and kraft paper bags (1%) moved up. The index for Leather Leather Products group declined by 0.7 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... percent to 146.4 (provisional) from 147.4 (provisional) for the previous month due to lower price of leather footwear (1%). However, the price of leather garments jackets (1%) moved up. The index for Rubber Plastic Products group declined by 0.8 percent to 149.7 (provisional) from 150.9 (provisional) for the previous month due to lower price of plastic products (2%) and tubes (1%). The index for Chemicals Chemical Products group declined by 0.3 percent to 152.7 (provisional) from 153.2 (provisional) for the previous month due to lower price of non-cyclic compound (5%) and basic organic chemicals, organic manure, turpentine oil and adhesive gum (1% each). However, the price of ammonium sulphate (2%) and ayurvedic medicines, hair / body oils, pesticides, synthetic resin, pigment pigment intermediates and explosives (1%) moved up. The index for Non-Metallic Mineral Products group declined by 1.7 percent to 171.9 (provisional) from 174.9 (provisional) for the previous month due to lower price of white cement (4%), grey cement and marbles (2% each) and slag cement and lime (1% each). However, the price of asbestos corrugated sheet (1%) moved up. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... The index for Basic Metals, Alloys Metal Products group declined by 0.4 percent to 164.8 (provisional) from 165.5 (provisional) for the previous month due to lower price of steel castings (5%), silver (4%), pig iron (3%), melting scrap, wire rods, angles, pencil ingots and billets (2% each) and pipes/tubes/rods/strips, joist beams, plates, sheets, gp/gc sheets, rebars and metal containers (1% each). However, the price of slab (5%), steel structures (3%), zinc (2%) and ferro manganese, iron steel wire, fixtures and gold gold ornaments (1% each) moved up. FINAL INDEX FOR THE MONTH OF OCTOBER, 2014 (BASE YEAR: 2004-05=100) For the month of October, 2014, the final Wholesale Price Index for All Commodities (Base: 2004-05=100) stood at 183.7 as compared to 183.9 (provisional) and annual rate of inflation based on final index stood at 1.66 percent as compared to 1.77 percent respectively as reported on 14.10.2014. Annexure-I Wholesale Price Index and Rates of Inflation (Base Year: 2004-05=100) Month of December, 2014 Commodities/Major Groups/Groups/Sub-Groups Weight WPI Dec, 2014 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Latest month over month Build up from March Year on year 2013-14 2014-15 2013-14 2014-15 2013-14 2014-15 ALL COMMODITIES 100.00000 179.8 -1.05 -0.94 5.58 -0.28 6.40 0.11 PRIMARY ARTICLES 20.11815 249.0 -4.39 -1.35 9.23 4.01 10.82 2.17 Food Articles 14.33709 252.7 -6.14 -1.86 12.19 7.72 13.73 5.20 Cereals 3.37323 233.1 0.09 -0.72 8.33 0.87 10.09 1.26 Rice 1.79348 240.3 -1.03 -2.08 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 11.59 3.53 13.52 4.43 Wheat 1.11595 214.5 1.48 1.32 7.06 -1.65 7.64 -2.46 Pulses 0.71662 242.9 -0.39 1.00 -1.59 6.68 -7.31 5.88 Vegetables 1.73553 268.7 -30.78 -7.73 51.07 35.43 56.78 -4.78 Potato 0.20150 304.3 -15.85 -28.62 82.47 58.00 52.77 13.76 Onion 0.17794 350.6 -44.99 2.48 50.17 43.92 38.30 -18.54 Fruits 2.10717 235.5 -5.67 -3.13 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 7.19 8.73 9.84 17.87 Milk 3.23818 247.2 0.58 0.32 7.18 7.43 6.98 9.72 Egg, Meat Fish 2.41384 281.1 1.53 -2.06 9.23 -0.57 11.68 0.68 Non-Food Articles 4.25756 209.1 -0.32 0.29 3.90 -3.95 6.00 -3.06 Fibres 0.87737 203.5 -3.67 0.30 7.62 -14.68 14.96 -13.73 Oil Seeds 1.78051 202.5 -0.78 -0.59 -0.78 -2.17 -0.25 -0.49 Minerals 1.52350 325.7 0.60 -0.5 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 2 0.80 -5.73 2.19 -8.15 FUEL POWER 14.91021 194.6 0.72 -2.36 10.18 -9.15 10.87 -7.82 Liquefied petroleum gas 0.91468 167.1 1.29 -2.05 6.74 -5.43 -1.54 -3.19 Petrol 1.09015 170.8 0.10 -2.12 2.43 -14.86 5.55 -11.96 High speed diesel 4.67020 210.8 1.17 -2.32 11.55 -8.82 17.00 -6.31 MANUFACTURED PRODUCTS 64.97164 154.9 0.13 -0.32 2.56 0.45 3.04 1.57 Food Products 9.97396 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 172.7 -0.47 0.06 2.54 2.13 1.86 1.71 Sugar 1.73731 185.4 -0.53 -2.88 -2.19 1.09 -5.59 -1.17 Edible Oils 3.04293 144.1 -0.34 0.14 1.09 -1.64 -0.87 -2.83 Beverages, Tobacco Tobacco Product 1.76247 201.8 0.70 0.00 2.64 3.12 5.25 8.26 Cotton Textiles 2.60526 160.8 -0.13 -0.86 6.00 -2.49 8.97 1.07 Man Made Textiles 2.20573 135.9 -0.22 -0.66 4.78 0.67 6.37 1.72 Wood Wood ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Products 0.58744 189.1 0.22 1.39 3.16 0.91 3.52 5.29 Paper Paper Products 2.03350 151.2 1.19 -0.07 3.50 2.44 5.37 4.20 Leather Leather Products 0.83509 146.4 -0.34 -0.68 7.72 0.27 7.40 0.90 Rubber Plastic Products 2.98697 149.7 0.14 -0.80 6.16 -0.13 6.85 1.08 Chemicals Chemical Products 12.01770 152.7 0.47 -0.33 2.74 0.07 3.74 1.87 Non-Metallic Mineral Products 2.55597 171.9 0.60 -1.72 -0.18 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 2.63 2.52 3.24 Cement Lime 1.38646 167.3 0.43 -1.99 -4.41 1.95 -0.12 1.58 Basic Metals Alloys Metal Product 10.74785 164.8 0.06 -0.42 0.18 -1.67 -0.18 -0.18 Iron Semis 1.56301 155.2 0.53 -1.08 -1.10 -2.33 -2.23 1.37 Machinery Machine Tools 8.93148 134.9 0.15 0.00 2.47 1.28 2.87 1.73 Transport Equipment Parts 5.21282 135.9 0.07 0.00 2.80 0.07 3.58 0.00 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 Dec-14 Nov-14 Oct-14 Sept-14 Aug-14 July-14 ALL COMMODITIES 100.00 0.11 0.00 1.66 2.38 3.85 5.41 PRIMARY ARTICLES 20.12 2.17 -0.98 0.76 2.02 3.69 6.78 Food Articles 14.34 5.20 0.63 2.74 3.68 5.11 8.47 Cereals 3.37 1.26 2.09 3.11 3.28 4.36 5.18 Rice ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 1.79 4.43 5.55 6.47 6.87 6.61 8.13 Wheat 1.12 -2.46 -2.31 -1.92 -1.46 0.72 1.06 Pulses 0.72 5.88 4.43 4.02 6.69 7.85 3.31 Vegetables 1.74 -4.78 -28.57 -19.37 -15.14 -5.99 -1.15 Potato 0.20 13.76 34.10 82.84 93.47 65.76 47.83 Onion 0.18 -18.54 -56.28 -59.01 -58.05 -44.54 -8.26 Fruits 2.11 17.87 14.78 18.98 21.14 21.14 31.87 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Milk 3.24 9.72 10.00 11.39 11.55 12.18 10.46 Egg, Meat Fish 2.41 0.68 4.36 -2.16 -3.09 -6.32 1.56 Non-Food Articles 4.26 -3.06 -3.65 -1.41 0.66 4.29 2.89 Fibres 0.88 -13.73 -17.15 -18.97 -13.23 -9.62 -3.20 Oil Seeds 1.78 -0.49 -0.68 3.47 8.15 12.64 6.31 Minerals 1.52 -8.15 -7.12 -8.73 -6.49 -6.19 2.72 FUEL POWER 14.91 -7.82 -4.91 0.48 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 1.33 4.54 7.35 Liquefied petroleum gas 0.91 -3.19 0.12 -0.41 2.83 6.07 8.90 Petrol 1.09 -11.96 -9.96 -7.03 -9.42 -0.15 5.90 High speed diesel 4.67 -6.31 -2.97 8.53 10.10 11.61 12.64 MANUFACTURED PRODUCTS 64.97 1.57 2.04 2.50 2.97 3.65 4.07 Food Products 9.97 1.71 1.17 1.93 2.53 3.91 4.41 Sugar 1.74 -1.17 1.22 1.90 2.10 2.57 1.99 Edible Oils 3.04 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... -2.83 -3.29 -2.84 -2.32 -0.21 0.97 Beverages, Tobacco Tobacco Product 1.76 8.26 9.02 9.52 10.59 10.65 9.96 Cotton Textiles 2.61 1.07 1.82 1.69 2.82 5.09 6.74 Man Made Textiles 2.21 1.72 2.17 3.38 4.53 5.20 5.71 Wood Wood Products 0.59 5.29 4.07 4.41 4.36 4.56 5.27 Paper Paper Products 2.03 4.20 5.51 6.18 6.27 6.53 6.54 Leather Leather Products 0.84 0.90 1.24 0.69 1.23 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 2.02 3.64 Rubber Plastic Products 2.99 1.08 2.03 2.44 3.42 4.06 4.58 Chemicals Chemical Products 12.02 1.87 2.68 2.88 3.09 4.05 4.48 Non-Metallic Mineral Products 2.56 3.24 5.68 6.66 6.51 3.19 1.44 Cement Lime 1.39 1.58 4.09 5.41 4.98 -0.48 -3.09 Basic Metals Alloys Metal Product 10.75 -0.18 0.30 1.22 1.47 2.33 3.02 Iron Semis 1.56 1.37 3.02 3.52 4.64 6.06 6.00 Machinery ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Machine Tools 8.93 1.73 1.89 2.27 2.74 2.82 2.98 Transport Equipment Parts 5.21 0.00 0.07 0.15 0.74 1.57 2.10 - 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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