The official Wholesale Price Index for ‘All Commodities’ (Base: 2004-05 = 100) for the month of September, 2013 rose by 1.2 percent to 179.7 (provisional) from 177.5 (provisional) for the previous month.

INFLATION

The annual rate of inflation, based on monthly WPI, stood at 6.46% (provisional) for the month of September, 2013 (over September, 2012) as compared to 6.10% (provisional) for the previous month and 8.07% during the corresponding month of the previous year. Build up inflation rate in the financial year so far was 5.64% 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 1.5 percent to 251.6 (provisional) from 247.8 (provisional) for the previous month. The groups and items which showed variations during the month are as follows:-

The index for `Food Articles` group rose by 0.8 percent to 252.3 (provisional) from 250.3 (provisional) for the previous month due to higher price of egg (5%), moong (4%), wheat, gram, maize, barley and mutton (2% each) and condiments & spices, tea, milk, rice, fruits & vegetables, fish-inland, arhar, pork and beef & buffalo meat (1% each). However, the price of poultry chicken (9%), fish-marine (3%) and ragi (2%) declined.

The index for `Non-Food Articles` group rose by 2.0 percent to 213.7 (provisional) from 209.6 (provisional) for the previous month due to higher price of guar seed (29%), raw silk (14%), copra (coconut) (7%), cotton seed (6%), gingelly seed, soyabean, raw cotton and coir fibre (4% each), sunflower and niger seed (3% each), rape & mustard seed and linseed (2% each) and castor seed (1%). However, the price of raw rubber (6%), logs & timber and  safflower (kardi seed) (5% each), groundnut seed (4%) and flowers (1%) declined.

The index for `Minerals` group rose by 6.4 percent to 352.1 (provisional) from 330.9 (provisional) for the previous month due to higher price of copper ore (9%), crude petroleum (8%), dolomite (6%), iron ore (5%), steatite (2%) and limestone and zinc concentrate (1% each). However, the price of barytes (9%), sillimanite (7%) and chromite and manganese ore (1% each) declined.

FUEL & POWER (Weight 14.91%)

The index for this major group rose by 2.6 percent to 207.5 (provisional) from 202.3 (provisional) for the previous month due to higher price of light diesel oil (11%), furnace oil (8%), aviation turbine fuel (7%), naphtha (7%), petrol (6%), lubricants (3%), kerosene and bitumen (3% each), high speed diesel (2%) and lpg (1%).

MANUFACTURED PRODUCTS (Weight 64.97%)

The index for this major group rose by 0.7 percent to 151.0 (provisional) from 150.0 (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 1.4 percent to 170.0 (provisional) from 167.7 (provisional) for the previous month due to higher price of tea leaf (blended) (20%), processed prawn (14%), copra oil, cotton seed oil and tea leaf (unblended) (4% each), palm oil (3%), groundnut oil, sunflower oil, gingelly oil and tea dust (blended) (2% each) and rice bran oil, soyabean oil, mixed spices, ghee, khandsari, maida, wheat flour (atta), oil cakes, gram powder (besan), tea dust (unblended) and gola (cattle feed) (1% each). However, the price of bakery products and sugar (1% each) declined.

The index for `Beverages, Tobacco & Tobacco Products ` group declined by 0.2 percent to 181.2 (provisional) from 181.6 (provisional) for the previous month due to lower price of zarda (6%) and dried tobacco (4%). However, the price of soft drinks & carbonated water (1%) moved up.

The index for ` Textiles ` group rose by 0.7 percent to 138.3 (provisional) from 137.3 (provisional) for the previous month due to higher price of cotton yarn (2%) and woollen textiles, man made fabric, man made fibre and gunny and hessian cloth (1% each).

The index for `Wood & Wood Products` group rose by 0.7 percent to 178.4 (provisional) from 177.2 (provisional) for the previous month due to higher price of timber / wooden planks (2%) and processed wood (1%).

The index for `Paper & Paper Products` group rose by 0.4 percent to 140.8 (provisional) from 140.3 (provisional) for the previous month due to higher price of books/ periodicals/ journals (2%) and corrugated sheet boxes, laminated paper, cream laid woven paper, computer stationery and kraft paper & bags (1% each). However, the price of card board (5%) and maplitho paper (2%) declined.

The index for `Leather & Leather Products` group rose by 2.0 percent to 145.1 (provisional) from 142.3 (provisional) for the previous month due to higher price of leather footwear (4%). However, the price of leather garments & jackets (2%) declined.

The index for `Rubber & Plastic Products` group rose by 1.0 percent to 145.8 (provisional) from 144.4 (provisional) for the previous month due to higher price of plastic products (2%) and tubes (1%).

The index for `Chemicals & Chemical Products` group rose by 0.7 percent to 148.7 (provisional) from 147.6 (provisional) for the previous month due to higher price of non-cyclic compound (5%), ammonium sulphate (4%), synthetic resin (3%), polymers and pesticides (2% each) and adhesive & gum, safety matches/ match box, hair / body oils, dye & dye intermediates, photographic goods, thermocol, basic inorganic chemicals and pigment & pigment intermediates (1% each). However, the price of vitamins (3%) and washing powder, distemper, washing soap and organic manure (1% each) declined.

The index for `Non-Metallic Mineral Products` group rose by 0.2 percent to 164.7 (provisional) from 164.3 (provisional) for the previous month due to higher price of marbles (5%). However, the price of white cement (1%) declined.

The index for `Basic Metals, Alloys & Metal Products` group rose by 0.2 percent to 163.1 (provisional) from 162.7 (provisional) for the previous month due to higher price of ferro silicon (4%), silver, metal containers and gold & gold ornaments (3% each), sheets (2%) and steel: pipes & tubes, aluminium and iron & steel wire (1% each). However, the price of ferro chrome (2%) and steel rods, rounds, sponge iron and steel castings (1% each) declined.

The index for `Machinery & Machine Tools` group rose by 0.2 percent to 131.1 (provisional) from 130.8 (provisional) for the previous month due to higher price of battery dry cells (5%), t.v. accessories (5%), lamps,     compressors, electronic pcb /micro circuit and fibre optic cable (2% each) and capacitors, batteries, control equipments, computers, machine tools and air conditioner & refrigerators (1% each). However, the price of loader (3%), ball/roller bearing (2%) and plastic machinery, washing / laundry machines and electric motors (1%) declined.

The index for `Transport, Equipment & Parts` group rose by 0.3 percent to 134.1 (provisional) from 133.7 (provisional) for the previous month due to higher price of motor cycle / scooter / moped and shafts (all kinds) (1 % each).

FINAL INDEX FOR THE MONTH OF JULY, 2013 (BASE YEAR: 2004-05=100)

For the month of July, 2013, the final Wholesale Price Index for ‘All Commodities’ (Base: 2004-05=100) stood at 175.5 as compared to 175.4 (provisional) and annual rate of inflation based on final index stood at 5.85 percent as compared to 5.79 percent respectively as reported on 14.08.2013.

Click here to see Annexure.

Wholesale Price Index rises as food, fuel and manufactured product prices push up annual inflation rate. Wholesale Price Index (Base 2004-05=100) rose 1.2% month on month to a provisional 179.7 in September 2013, producing an annual inflation rate of 6.46% and a year to date build up of 5.64%. Primary Articles (1.5%), Fuel & Power (2.6%) and Manufactured Products (0.7%) were the main contributors, with specific increases in food items, oilseeds, minerals (notably copper ore and crude petroleum) and a range of manufactured subgroups driving the monthly movements.