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Index Numbers of Wholesale Price in India (Base: 2004-05=100) Review for the month of July, 2015

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..... Index Numbers of Wholesale Price in India (Base: 2004-05=100) Review for the month of July, 2015 - News and Press Release Dated:- 14-8-2015 - News - The official Wholesale Price Index for All Commodities (Base: 2004-05=100) for the month of July, 2015 declined by 0.6 percent to 177.5 (provisional) from 178.6 (provisional) for the previous month. INFLATION The annual rate of inflation, based on monthly WPI, stood at -4.05% (provisional) for the month of July, 2015 (over July, 2014) as compared to -2.40% (provisional) for the previous month and 5.41% during the corresponding month of the previous year. Build up inflation rate in the financial year so far was 0.80% compared to a build up rate of 2.61% 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 0.5 percent to 247.2 (provisional) from 248.4 (provisional) for the previous month. The groups and items which showed variations during the month are as follo .....

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..... ws:- The index for Food Articles group declined by 0.6 percent to 255.7 (provisional) from 257.3 (provisional) for the previous month due to lower price of fish-inland (5%), fruits vegetables, jowar and poultry chicken (3% each), ragi (2%) and egg, fish-marine, pork and bajra (1% each). However, the price of urad (5%), masur and arhar (4% each), beef buffalo meat and tea (3% each), gram and condiments spices (2% each) and wheat, barley, coffee and moong (1% each) moved up. The index for Non-Food Articles group declined by 1.3 percent to 215.6 (provisional) from 218.5 (provisional) for the previous month due to lower price of raw silk (10%), copra (coconut) (8%), guar seed (7%), soyabean (6%), raw rubber and groundnut seed (3% each), sunflower and flowers (2% each) and castor seed and raw cotton (1% each). However, the price of niger seed (27 %), safflower (kardi seed) (10%), fodder (4%), rape mustard seed and raw jute (2% each) and linseed and coir fibre (1 % each) moved up. The index for Minerals group rose by 3.0 percent to 255.9 (provisional) from 248.5 (provisional) for the previous month due to higher price of zinc concentrate (9%), crude petrole .....

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..... um (8%), magnesite (3%) and chromite (2%). However, the price of sillimanite and copper ore (5% each), manganese ore (3%) and iron ore (2%) declined. FUEL POWER (Weight 14.91%) The index for this major group declined by 2.0 percent to 187.1 (provisional) from 191.0 (provisional) for the previous month due to lower price of furnace oil (6%), aviation turbine fuel, high speed diesel and naphtha (4% each) and petrol (1%). MANUFACTURED PRODUCTS (Weight 64.97%) The index for this major group declined by 0.3 percent to 153.7 (provisional) from 154.2 (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 Products group declined by 0.6 percent to 172.0 (provisional) from 173.1 (provisional) for the previous month due to lower price of copra oil, sugar and khandsari (4% each), tea dust (unblended) and vanaspati (3% each), tea leaf (blended) and palm oil (2% each) and sunflower oil, rice bran oil, gram powder (besan), powder milk, tea dust (blended), soyabean oil and ghee (1% each). However, the price of tea leaf (unblended) (8%), gingelly oil (7%), mustard r .....

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..... apeseed oil and bakery products (3% each), groundnut oil and oil cakes (2% each) and sooji (rawa) and maida (1% each) moved up. The index for Beverages, Tobacco Tobacco Products group declined by 0.3 percent to 206.1 (provisional) from 206.7 (provisional) for the previous month due to lower price of zarda (3%), beer (2%) and dried tobacco (1%). The index for Textiles group rose by 0.2 percent to 141.2 (provisional) from 140.9 (provisional) for the previous month due to higher price of jute sacking cloth (4%), tyre cord fabric (3%) and cotton yarn, gunny and hessian cloth, cotton fabric, man made fabric and jute sacking bag (1% each). However, the price of jute yarn (2%) and man made fibre and woollen textiles (1% each) declined. The index for Wood Wood Products group rose by 0.8 percent to 197.9 (provisional) from 196.3 (provisional) for the previous month due to higher price of plywood fibre board (2%). The index for Paper Paper Products group rose by 0.5 percent to 153.6 (provisional) from 152.9 (provisional) for the previous month due to higher price of laminated paper (7%), newspaper and paper pulp (2% each) and corrugated sheet boxes (1%). Howe .....

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..... ver, the price of paper rolls (2%) declined. The index for Leather Leather Products group declined by 0.7 percent to 144.3 (provisional) from 145.3 (provisional) for the previous month due to lower price of leathers (2%) and leather footwear (1%). However, the price of leather garments jackets (2%) moved up. The index for Non-Metallic Mineral Products group declined by 0.9 percent to 174.2 (provisional) from 175.8 (provisional) for the previous month due to lower price of grey cement (3%). However, the price of marbles (8%), slag cement (7%) and glass bottles bottleware (1%) moved up. The index for Basic Metals, Alloys Metal Products group declined by 1.0 percent to 157.1 (provisional) from 158.7 (provisional) for the previous month due to lower price of sponge iron and rounds (3% each), gp/gc sheets, wire rods, HRC, silver, plates, gold gold ornaments and billets (2% each) and angles, rebars, pencil ingots, joist beams, pig iron, steel: pipes tubes, brass, zinc, CRC and aluminium (1% each). However, the price of ferro silicon (2%) and nuts/bolts/screw/ washers (1%) moved up. The index for Machinery Machine Tools group rose by 0.1 pe .....

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..... rcent to 135.2 (provisional) from 135.0 (provisional) for the previous month due to higher price of ball/roller bearing (4%), industrial valves (2%) and electric motors, rubber machinery, engines and conductor (1% each). However, the price of insulators (3%), plastic machinery and battery dry cells (2% each) and pvc insulated cable and electrical wires (1% each) declined. The index for Transport, Equipment Parts group rose by 0.1 percent to 137.8 (provisional) from 137.7 (provisional) for the previous month due to higher price of shafts (all kinds) (2%). FINAL INDEX FOR THE MONTH OF MAY, 2015 (BASE YEAR: 2004-05=100) For the month of May, 2015, the final Wholesale Price Index for All Commodities (Base: 2004-05=100) stood at 178.0 as compared to 177.7 (provisional) and annual rate of inflation based on final index stood at -2.20 percent as compared to -2.36 percent (provisional) respectively as reported on 15.06.2015. Annexure-I Wholesale Price Index and Rates of Inflation (Base Year: 2004-05=100) Month of July, 2015 Commodities/Major Groups/Groups/Sub-Groups Weight WPI July, 2015 .....

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..... Latest month over month Build up from March Year on year 2014-15 2015-16 2014-15 2015-16 2014-15 2015-16 ALL COMMODITIES 100.00000 177.5 1.09 -0.62 2.61 0.80 5.41 -4.05 PRIMARY ARTICLES 20.11815 247.2 2.52 -0.48 7.18 3.43 6.78 -3.66 Food Articles 14.33709 255.7 3.44 -0.62 10.27 2.57 8.47 -1.16 Cereals 3.37323 231.9 1.60 0.43 1.95 0.35 5.18 -1.57 Rice 1.79348 237.7 1.49 0.34 .....

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..... 5.43 1.76 8.13 -2.86 Wheat 1.11595 212.9 0.87 1.19 -4.26 -1.21 1.06 1.96 Pulses 0.71662 317.8 1.30 2.88 2.81 23.27 3.31 35.75 Vegetables 1.73553 252.1 22.39 -0.59 68.35 16.28 -1.15 -24.52 Potato 0.20150 174.5 10.12 17.35 78.61 15.41 47.83 -49.27 Onion 0.17794 406.5 35.99 14.15 67.69 22.26 -8.26 -0.49 Fruits 2.10717 234.8 7.43 -4.51 13.48 .....

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..... -3.69 31.87 -4.48 Milk 3.23818 250.3 0.04 0.16 3.30 1.21 10.46 5.30 Egg, Meat Fish 2.41384 280.4 -6.62 -2.06 -3.25 -3.34 1.56 2.52 Non-Food Articles 4.25756 215.6 0.46 -1.33 -0.23 6.42 2.89 -0.74 Fibres 0.87737 208.1 -1.65 -1.09 -2.47 7.60 -3.20 -10.53 Oil Seeds 1.78051 212.1 0.90 -2.53 3.38 3.77 6.31 -0.89 Minerals 1.52350 255.9 0.09 2.98 .....

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..... 0.52 5.18 2.72 -26.32 FUEL POWER 14.91021 187.1 1.08 -2.04 0.19 -0.48 7.35 -12.81 Liquefied petroleum gas 0.91468 162.7 0.12 -0.18 -3.06 0.00 8.90 -5.02 Petrol 1.09015 174.3 2.71 -1.41 0.25 5.57 5.90 -13.33 High speed diesel 4.67020 198.8 1.53 -4.10 3.29 -2.17 12.64 -16.75 MANUFACTURED PRODUCTS 64.97164 153.7 0.39 -0.32 1.17 -0.13 4.07 -1.47 Food Products 9.97396 172.0 .....

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..... 1.04 -0.64 3.55 1.12 4.41 -1.77 Sugar 1.73731 160.5 2.37 -4.12 6.05 -8.02 1.99 -17.48 Edible Oils 3.04293 148.8 0.83 -0.27 -0.14 2.76 0.97 1.71 Beverages, Tobacco Tobacco Product 1.76247 206.1 0.91 -0.29 2.15 1.43 9.96 3.10 Cotton Textiles 2.60526 158.6 -0.54 0.83 0.85 0.57 6.74 -4.63 Man Made Textiles 2.20573 133.5 1.26 -0.67 1.48 0.68 5.71 -2.55 Wood Wood Products .....

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..... 0.58744 197.9 -0.64 0.82 -0.91 4.32 5.27 6.57 Paper Paper Products 2.03350 153.6 0.20 0.46 1.49 0.46 6.54 2.54 Leather Leather Products 0.83509 144.3 1.44 -0.69 1.30 1.41 3.64 -2.43 Rubber Plastic Products 2.98697 149.4 0.33 0.00 0.47 0.74 4.58 -0.80 Chemicals Chemical Products 12.01770 151.4 0.46 0.00 0.92 0.33 4.48 -1.69 Non-Metallic Mineral Products 2.55597 174.2 0.30 -0.91 1.19 -2.52 .....

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..... 1.44 2.77 Cement Lime 1.38646 168.3 0.48 -2.15 1.34 -5.29 -3.09 1.20 Basic Metals Alloys Metal Product 10.74785 157.1 0.12 -1.01 -0.30 -2.96 3.02 -5.98 Iron Semis 1.56301 143.8 -0.37 -1.37 1.13 -3.43 6.00 -10.52 Machinery Machine Tools 8.93148 135.2 0.15 0.15 1.13 0.15 2.98 0.37 Transport Equipment Parts 5.21282 137.8 0.00 0.07 0.22 0.36 2.10 1.25 Annexure-II Trend of Rate of Inflation for some important items during las .....

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..... t six months Commodities/Major Groups/Groups/Sub-Groups Weight (%) Rate of Inflation for the last six months July-15 June-15 May-15 Apr-15 Mar-15 Feb-15 ALL COMMODITIES 100.00 -4.05 -2.40 -2.20 -2.43 -2.33 -2.17 PRIMARY ARTICLES 20.12 -3.66 -0.76 -1.05 0.50 -0.17 1.01 Food Articles 14.34 -1.16 2.88 2.74 5.90 6.27 7.83 Cereals 3.37 -1.57 -0.43 0.04 0.35 0.00 1.13 Rice 1.79 -2.86 -1.74 -1.43 -0.04 0.65 .....

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..... 3.28 Wheat 1.12 1.96 1.64 2.60 1.65 -1.19 -2.40 Pulses 0.72 35.75 33.67 23.10 15.47 13.22 14.50 Vegetables 1.74 -24.52 -7.07 -4.99 -1.32 9.27 15.28 Potato 0.20 -49.27 -52.40 -50.71 -41.05 -21.50 -5.20 Onion 0.18 -0.49 18.54 22.15 29.97 36.49 25.96 Fruits 2.11 -4.48 7.47 6.69 15.09 12.56 16.84 Milk 3.24 5.30 5.18 6.89 7.4 .....

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..... 2 7.48 7.99 Egg, Meat Fish 2.41 2.52 -2.25 -4.04 4.01 2.62 1.59 Non-Food Articles 4.26 -0.74 1.06 -0.96 -2.90 -6.94 -5.64 Fibres 0.88 -10.53 -11.04 -12.08 -13.77 -18.91 -22.69 Oil Seeds 1.78 -0.89 2.59 -0.64 -1.52 -1.26 -0.20 Minerals 1.52 -26.32 -28.39 -26.50 -28.62 -29.58 -29.55 FUEL POWER 14.91 -12.81 -10.03 -9.43 -12.98 -12.23 -14.77 Liquefied petroleum gas .....

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..... 0.91 -5.02 -4.73 -4.95 -6.06 -7.92 -8.86 Petrol 1.09 -13.33 -9.70 -9.20 -17.32 -17.70 -21.80 High speed diesel 4.67 -16.75 -11.86 -9.77 -14.99 -12.11 -17.59 MANUFACTURED PRODUCTS 64.97 -1.47 -0.77 -0.52 -0.45 -0.19 0.26 Food Products 9.97 -1.77 -0.12 -0.29 -1.05 0.59 1.25 Sugar 1.74 -17.48 -11.89 -11.17 -8.76 -4.85 -2.20 Edible Oils 3.04 1.71 2.83 0.82 -1.23 .....

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..... -1.16 -0.82 Beverages, Tobacco Tobacco Product 1.76 3.10 4.34 4.20 2.94 3.83 4.06 Cotton Textiles 2.61 -4.63 -5.92 -5.38 -4.77 -4.37 -2.47 Man Made Textiles 2.21 -2.55 -0.67 -0.81 -1.71 -1.78 -1.71 Wood Wood Products 0.59 6.57 5.03 5.14 1.69 1.23 2.99 Paper Paper Products 2.03 2.54 2.27 2.61 2.74 3.59 3.56 Leather Leather Products 0.84 -2.43 -0.34 -0.14 -1.45 -2.53 -2.34 Rubb .....

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..... er Plastic Products 2.99 -0.80 -0.47 -0.47 -1.07 -1.07 -0.74 Chemicals Chemical Products 12.02 -1.69 -1.24 -1.18 -1.37 -1.11 -0.79 Non-Metallic Mineral Products 2.56 2.77 4.02 4.88 6.96 6.69 5.26 Cement Lime 1.39 1.20 3.93 5.19 7.68 8.29 5.20 Basic Metals Alloys Metal Product 10.75 -5.98 -4.91 -4.01 -3.06 -3.40 -2.21 Iron Semis 1.56 -10.52 -9.61 -7.91 -5.66 -6.29 -5.02 Machinery Machine Tools 8.93 .....

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..... 0.37 0.37 0.90 1.05 1.35 1.81 Transport Equipment Parts 5.21 1.25 1.18 1.40 1.33 1.10 0.96 - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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