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Index Numbers of Wholesale Price in India (Base: 2004-05=100) Review for the month of August, 2016

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Index Numbers of Wholesale Price in India (Base: 2004-05=100) Review for the month of August, 2016

            The official Wholesale Price Index for ‘All Commodities’ (Base: 2004-05=100) for the month of August, 2016 declined by 0.4 percent to 183.1 (provisional) from 183.9 (provisional) for the previous month.


INFLATION

            The annual rate of inflation, based on monthly WPI, stood at 3.74% (provisional) for the month of August, 2016 (over August, 2015) as compared to 3.55% (provisional) for the previous month and -5.06% during the corresponding month of the previous year.  Build up inflation rate in the financial year so far was 4.45% compared to a build up rate of 0.23% 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 0.2 percent to 268.9 (provisional) from 269.5 (provisional) for the previous month. The groups and items which showed variations during the month are as follows:-

            The index for ‘Food Articles’ group declined by 0.6 percent to 284.2 (provisional) from 285.8  (provisional) for the previous month due to lower price of poultry chicken  and urad (6% each), moong (5%), arhar and fruits & vegetables (4% each),  tea (3%), maize and egg (2% each) and masur (1%).  However, the price of gram (8%), mutton (5%), condiments & spices (3%), fish-inland (2 %) and wheat, coffee, fish-marine and barley (1% each) moved up.

            The index for ‘Non-Food Articles’ group declined by 0.1 percent to 236.3 (provisional) from 236.6 (provisional) for the previous month due to lower price of hides (raw) (30%), raw jute (20%), fodder (6%), mesta (5%), raw rubber and niger seed (3% each), soyabean (2%) and cotton seed, sunflower,  skins(raw) and coir fibre (1% each).   However, the price of      flowers (16%), gingelly seed (12%), copra (coconut) (7%), guar seed (5%), linseed and rape & mustard seed (3% each), castor seed (2%) and safflower (kardi seed), raw cotton, groundnut seed and raw wool (1% each) moved up.

            The index for ‘Minerals’ group rose by 3.5 percent to 216.3 (provisional) from 208.9 (provisional) for the previous month due to higher price of copper ore (17%), sillimanite (4%), crude petroleum (2%) and phosphorite, iron ore and      limestone (1% each).  However, the price of manganese ore and zinc concentrate (1% each) declined.

FUEL & POWER (Weight 14.91%)

            The index for this major group declined by 3.0 percent to 182.2 (provisional) from 187.9  (provisional) for the previous month due to lower price of  high speed diesel (6%), aviation turbine fuel (5%), petrol and furnace oil (4% each), LPG, kerosene, and bitumen (1% each).

MANUFACTURED PRODUCTS (Weight 64.97%)

            The index for this major group rose by 0.2 percent to 156.7 (provisional) from 156.4 (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 1.1 percent to 191.3 (provisional) from 189.2 (provisional) for the previous month due to higher price of gram powder (besan) (14%), gur (5%), tea leaf (blended) (4%), gingelly oil (3%), oil cakes,     sugar and groundnut oil (2% each) and mustard & rapeseed oil, cotton seed oil, copra oil, khandsari, tea dust (unblended),     processed prawn, gola (cattle feed) and palm oil (1% each).  However, the price of tea leaf (unblended) and sugar confectionary (1% each) declined.

            The index for ‘Beverages, Tobacco & Tobacco Products’ group rose by 0.5 percent to 221.9 (provisional) from 220.7 (provisional) for the previous month due to higher price of cigarette and chewing tobacco (scented or not ) (2% each) and soft drinks & carbonated water and rectified spirit (1% each).  However, the price of imfl-blended (4%) and dried tobacco (1%) declined.

            The index for ‘Textiles’ group rose by 0.4 percent to 142.1 (provisional) from 141.5 (provisional) for the previous month due to higher price of  jute sacking bag (5%) and jute sacking cloth, cotton yarn and man made fibre (1% each).  However, the price of gunny and hessian cloth (2%) declined.

            The index for ‘Wood & Wood Products’ group rose by 0.8 percent to 197.6 (provisional) from 196.1 (provisional) for the previous month due to higher price of  processed wood and timber / wooden planks (1% each).

            The index for ‘Paper & Paper Products’ group rose by 0.2 percent to 157.0 (provisional) from 156.7 (provisional) for the previous month due to higher price of newspaper (4%), corrugated sheet boxes (2%) and books/ periodicals/ journals (1 %).  However, the price of newsprint (4%) and printing and writing paper and laminated paper (1% each) declined.
           
            The index for ‘Leather & Leather Products’ group declined by 0.1 percent to 146.1 (provisional) from 146.3 (provisional) for the previous month due to lower price of leathers (1%).

            The index for ‘Rubber & Plastic Products’ group rose by 0.8 percent to 147.6 (provisional) from 146.5 (provisional) for the previous month due to higher price of rubber products (3%) and tubes (1%).

            The index for ‘Chemicals & Chemical Products’ group rose by 0.1 percent to 151.2 (provisional) from 151.1 (provisional) for the previous month due to higher price of lacquer & varnishes (2%) and antacid and digestive preparations,     synthetic resin and basic inorganic chemicals (1% each).  However, the price of rubber chemicals (1%) declined.

            The index for ‘Non-Metallic Mineral Products’ group rose by 0.5 percent to 179.5 (provisional) from 178.6 (provisional) for the previous month due to higher price of white cement (6%), marbles (2%) and glass bottles & bottleware, bricks & tiles and grey cement (1% each).

            The index for ‘Basic Metals, Alloys & Metal Products’ group declined by 0.7 percent to 151.9 (provisional) from 153.0 (provisional) for the previous month due to lower price of rounds (5%), angles and gp/gc sheets (4% each), wire rods and     joist & beams (3% each), rebars, ferro manganese, HRC, steel castings (2% each) and plates, steel rods, pig iron,     sponge iron, pencil  ingots, steel: pipes & tubes, melting scrap and pipes/tubes/rods/strips (1% each).  However, the price of silver (4%), gold & gold ornaments (2%) and steel, iron & steel wire and CRC (1% each) moved up.

            The index for ‘Transport, Equipment & Parts’ group rose by 0.1 percent to 139.7 (provisional) from 139.6 (provisional) for the previous month due to higher price of engine assembly & chassis (2%).

FINAL INDEX FOR THE MONTH OF JUNE, 2016 (BASE YEAR: 2004-05=100)

            For the month of June, 2016, the final Wholesale Price Index for ‘All Commodities’ (Base: 2004-05=100) stood at 182.9 as compared to 182.0 (provisional) and annual rate of inflation based on final index stood at 2.12 percent as compared to 1.62 percent (provisional) respectively as reported on 14.07.2016.

Annexure-I
Wholesale Price Index and Rates of Inflation (Base Year: 2004-05=100)

Month of August, 2016






Month of August, 2016
Commodities/Major Groups/Groups/Sub-Groups
Weight
WPI August- 2016
Latest month over month
Build up from March
Year on year
2015-16
2016-17
2015-16
2016-17
2015-16
2016-17
ALL COMMODITIES
100.00000
183.1
-0.62
-0.44
0.23
4.45
-5.06
3.74
PRIMARY ARTICLES
20.11815
268.9
1.54
-0.22
4.69
9.26
-4.21
7.47
Food Articles
14.33709
284.2
2.74
-0.56
5.33
9.52
-1.02
8.23
Cereals
3.37323
249.1
0.26
0.44
0.52
3.23
-1.98
7.23
Rice
1.79348
248.5
-0.21
0.44
1.54
4.11
-3.89
4.76
Wheat
1.11595
230.2
0.80
1.14
-0.42
0.88
2.09
7.27
Pulses
0.71662
438.9
2.32
1.41
26.53
26.67
36.49
34.55
Vegetables
1.73553
299.1
18.30
-7.46
37.73
40.82
-20.03
0.17
Potato
0.20150
298.6
1.82
6.91
18.45
85.35
-51.76
66.72
Onion
0.17794
250.5
72.08
-3.28
110.38
-8.44
74.44
-64.19
Fruits
2.10717
276.0
3.24
0.25
-0.62
16.21
-1.42
13.91
Milk
3.23818
258.6
-0.08
0.08
1.13
1.85
2.08
3.40
Egg, Meat & Fish
2.41384
303.1
-0.61
0.56
-3.93
0.76
3.30
8.75
Non-Food Articles
4.25756
236.3
0.83
-0.13
7.55
7.51
-0.46
8.44
Fibres
0.87737
255.2
-1.16
-2.22
5.95
22.16
-9.09
24.55
Oil Seeds
1.78051
227.9
0.00
1.38
4.45
7.70
-2.20
6.74
Minerals
1.52350
216.3
-8.08
3.54
-7.93
12.13
-34.35
-3.44
FUEL & POWER
14.91021
182.2
-5.53
-3.03
-4.63
5.68
-16.21
1.62
Liquefied petroleum gas
0.91468
159.1
-0.49
-1.00
-0.37
-0.62
-5.32
-1.85
Petrol
1.09015
153.2
-6.16
-4.43
1.57
2.96
-13.82
-8.65
High speed diesel
4.67020
201.2
-10.66
-5.98
-11.71
9.77
-25.37
12.15
MANUFACTURED PRODUCTS
64.97164
156.7
-0.39
0.19
-0.58
1.69
-1.99
2.42
Food Products
9.97396
191.3
0.06
1.11
1.00
6.51
-2.11
11.35
Sugar
1.73731
215.5
-0.62
1.65
-8.77
13.24
-18.44
35.36
Edible Oils
3.04293
155.7
-0.54
0.78
1.86
4.01
1.17
5.56
Beverages, Tobacco & Tobacco Product
1.76247
221.9
-0.15
0.54
1.33
4.77
2.13
7.77
Cotton Textiles
2.60526
160.6
-0.38
0.44
-0.51
3.08
-5.02
2.36
Man Made Textiles
2.20573
129.4
-0.45
0.54
0.15
0.23
-3.49
-2.56
Wood & Wood Products
0.58744
197.6
-1.57
0.76
2.27
0.30
4.36
1.86
Paper & Paper Products
2.03350
157.0
0.52
0.19
1.11
0.77
3.00
1.55
Leather & Leather Products
0.83509
146.1
0.21
-0.14
2.18
0.21
-0.75
0.48
Rubber & Plastic Products
2.98697
147.6
-0.60
0.75
0.00
1.58
-1.85
-0.47
Chemicals & Chemical Products
12.01770
151.2
-0.13
0.07
0.20
1.07
-1.88
0.00
Non-Metallic Mineral Products
2.55597
179.5
0.29
0.50
-1.57
0.62
2.75
2.05
Cement & Lime
1.38646
177.1
0.70
0.62
-3.43
0.80
2.51
3.21
Basic Metals Alloys & Metal Product
10.74785
151.9
-1.53
-0.72
-4.76
-0.98
-7.50
-1.49
Iron & Semis
1.56301
130.4
-2.79
-0.99
-6.25
-4.33
-12.31
-6.59
Machinery & Machine Tools
8.93148
135.3
0.00
0.00
0.07
0.15
0.30
0.15
Transport Equipment & Parts
5.21282
139.7
-0.22
0.07
0.15
0.50
1.10
1.60



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