The official Wholesale Price Index for ‘All Commodities’ (Base: 2004-05=100) for the month of November, 2015 rose by 0.5 percent to 177.6 (provisional) from 176.7 (provisional) for the previous month.

INFLATION

The annual rate of inflation, based on monthly WPI, stood at -1.99% (provisional) for the month of November, 2015 (over November, 2014) as compared to -3.81% (provisional) for the previous month and -0.17% during the corresponding month of the previous year.  Build up inflation rate in the financial year so far was 0.85% compared to a build up rate of 0.50% 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 1.6 percent to 256.5 (provisional) from 252.4 (provisional).  The groups and items which showed variations during the month are as follows:-

The index for ‘Food Articles’ group rose by 2.3 percent to 271.0 (provisional) from 264.9 (provisional) for the previous month due to higher price of fish-inland (9%), urad, egg and moong (6% each), condiments & spices, masur and maize   (5% each), arhar and fruits & vegetables (4% each), barley, tea, gram and poultry chicken (3% each), bajra and pork (2% each) and jowar, wheat and mutton (1% each).  However, the price of fish-marine (2%) declined.

The index for ‘Non-Food Articles’ group rose by 0.5 percent to 221.7 (provisional) from 220.7 (provisional) for the previous month due to higher price of niger seed and flowers (10% each), raw jute (8%), rape & mustard seed and raw wool (5% each), mesta (4%), fodder (3%), sunflower (2%) and castor seed (1%).  However, the price of guar seed (6%), raw rubber, copra (coconut) and cotton seed (4% each), groundnut seed (3%), coir fibre (2%) and gingelly seed and linseed (1% each) declined.

The index for ‘Minerals’  group declined by 2.2 percent to  217.6 (provisional) from 222.5 (provisional) for the previous month due to lower price of iron ore (10%), zinc concentrate (6%) and chromite, phosphorite and sillimanite (1% each). However, the price of crude petroleum (1%) moved up.

FUEL & POWER (Weight 14.91%)

The index for this major group rose by 0.9 percent to 177.9 (provisional) from 176.4  (provisional) for the previous month due to higher price of high speed diesel (3%) and kerosene and furnace oil (1% each).  However, the price of bitumen and aviation turbine fuel (1% each) declined.

MANUFACTURED PRODUCTS (Weight 64.97%)

The index for this major group declined by 0.2 percent to 153.0 (provisional) from 153.3 (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 0.3 percent to 174.9 (provisional) from 174.3 (provisional) for the previous month due to higher price of tea dust (blended) and mustard & rapeseed oil (3% each), sunflower oil, wheat flour (atta),     maida, sugar, ghee and khandsari (2% each) and sooji (rawa), gola (cattle feed), cotton seed oil, rice bran oil and     vanaspati (1%).  However, the price of tea leaf (blended) (6%), tea dust (unblended) and groundnut oil (3%), gingelly oil and gur (2% each) and copra oil, oil cakes, soyabean oil, palm oil and powder milk (1% each) declined.

The index for ‘Beverages, Tobacco & Tobacco Products’ group declined by 0.1 percent to 206.0 (provisional) from 206.2 (provisional) for the previous month due to lower price of zarda (4%) and dried tobacco (3%).  However, the price of      rectified spirit (1%) moved up.

The index for ‘Textiles’ group rose by 0.3 percent to 139.8 (provisional) from 139.4 (provisional) for the previous month due to higher price of gunny and hessian cloth (5%), jute sacking cloth (3%), jute yarn, man made fabric and jute sacking bag (2 % each).  However, the price of tyre cord fabric (2%) and cotton yarn (1%) declined.

The index for ‘Wood & Wood Products’ group rose by 1.7 percent to 197.7 (provisional) from 194.4 (provisional) for the previous month due to higher price of plywood& fibre board (3%).

The index for ‘Paper & Paper Products’ group declined by 0.4 percent to 154.6 (provisional) from 155.2 (provisional) for the previous month due to lower price of paper cartons / boxes (3%) and printing and writing paper (1%).

The index for ‘Leather & Leather Products’ group declined by 1.0 percent to 143.8 (provisional) from 145.3 (provisional) for the previous month due to lower price of leathers (5%).

The index for ‘Rubber & Plastic Products’ group declined by 0.5 percent to 146.3 (provisional) from 147.0 (provisional) for the previous month due to lower price of plastic products (1%).

The index for ‘Chemicals & Chemical Products’ group declined by 0.1 percent to 150.6 (provisional) from 150.8 (provisional) for the previous month due to lower price of glycol (7%), non-cyclic compound (3%) and polymers,     photographic goods, vitamins, turpentine oil, basic inorganic chemicals, explosives, basic organic chemicals and pigment & pigment intermediates (1% each).  However, the price of ammonium sulphate (3%), distemper (2%) and pesticides, castor oil, washing soap, rubber chemicals, dye & dye intermediates and urea (1% each) moved up.

The index for ‘Non-Metallic Mineral Products’ group declined by 0.7 percent to 176.9 (provisional) from 178.1 (provisional) for the previous month due to lower price of marbles (12%), lime (3%) and polished granite, railway sleeper and white cement (1% each).  However, the price of asbestos corrugated sheet (1%) moved up.

The index for ‘Basic Metals, Alloys & Metal Products’ group declined by 1.2 percent to 152.2 (provisional) from 154.1 (provisional) for the previous month due to lower price of melting scrap (5%), wire rods and rounds (4% each), billets and      rebars (3% each), sponge iron, CRC, pig iron, HRC, angles, sheets, gold & gold ornaments, steel rods, plates and ferro manganese (2% each) and joist & beams, nuts/bolts/screw/ washers, gp/gc sheets, aluminium, steel structures and ferro chrome (1% each).  However, the price of iron castings (2%) and metal containers (1% each) moved up.

The index for ‘Transport, Equipment & Parts’ group rose by 0.1 percent to 137.9 (provisional) from 137.7 (provisional) for the previous month due to higher price of  gauges (1%).  However, the price of railway axle& wheel (1%) declined.

FINAL INDEX FOR THE MONTH OF SEPTEMBER, 2015 (BASE YEAR: 2004-05=100)

For the month of September, 2015, the final Wholesale Price Index for ‘All Commodities’ (Base: 2004-05=100) stood at 176.5 as compared to 176.6 (provisional) and annual rate of inflation based on final index stood at -4.59 percent as compared to -4.54 percent (provisional) respectively as reported on 14.10.2015.

Annexure-I

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

Month of November, 20

Commodities/Major Groups/Groups/Sub-Groups		Weight		WPI Nov- 2015	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		177.6	-1.36			0.51		0.50		0.85	-0.17		-1.99
PRIMARY ARTICLES		20.11815		256.5	-0.99			1.62		4.76		7.32	-1.61		2.27
Food Articles		14.33709		271.0	-0.39			2.30		9.80		8.70	0.66		5.20
Cereals		3.37323		236.1	-0.17			0.55		1.69		2.16	2.17		0.47
Rice		1.79348		237.5	-0.65			-0.46		5.73		1.67	5.55		-3.22
Wheat		1.11595		221.5	1.15			1.00		-2.84		2.78	-2.22		4.53
Pulses		0.71662		380.4	0.97			4.39		5.62		47.56	4.43		58.17
Vegetables		1.73553		333.1	-1.48			9.57		47.18		53.64	-28.38		14.08
Potato		0.20150		197.4	0.80			13.64		121.44		30.56	34.16		-53.72
Onion		0.17794		534.1	3.22			-15.11		43.60		60.63	-55.29		52.69
Fruits		2.10717		237.2	-4.11			-1.66		12.14		-2.71	14.68		-2.35
Milk		3.23818		250.8	0.20			0.04		7.30		1.42	10.22		1.58
Egg, Meat & Fish		2.41384		279.3	1.64			2.87		1.06		-3.72	3.89		-2.24
Non-Food Articles		4.25756		221.7	-0.71			0.45		-4.23		9.43	-3.65		6.33
Fibres		0.87737		202.9	-1.17			0.95		-15.05		4.91	-17.27		0.15
Oil Seeds		1.78051		217.8	-0.92			-0.55		-1.59		6.56	-0.68		6.92
Minerals		1.52350		217.6	-5.67			-2.20		-11.46		-10.56	-13.22		-28.87
FUEL & POWER		14.91021		177.9	-5.08			0.85		-6.58		-5.37	-4.53		-11.09
Liquefied petroleum gas		0.91468		160.7	0.41			0.44		-3.45		-1.23	0.12		-5.80
Petrol		1.09015		159.0	-4.68			-0.44		-12.61		-3.69	-9.55		-9.30
High speed diesel		4.67020		181.4	-8.82			2.78		-5.67		-10.73	-1.93		-16.83
MANUFACTURED PRODUCTS		64.97164		153.0	-0.45			-0.20		0.65		-0.58	1.90		-1.42
Food Products		9.97396		174.9	-0.35			0.34		2.48		2.82	1.58		0.92
Sugar		1.73731		167.9	-1.87			2.00		3.05		-3.78	0.21		-11.16
Edible Oils		3.04293		150.3	0.28			0.20		-1.77		3.80	-3.29		4.45
Beverages, Tobacco & Tobacco Product		1.76247		206.0	0.30			-0.10		3.17		1.38	9.08		2.03
Cotton Textiles		2.60526		155.6	-1.23			-0.19		-2.79		-1.33	0.63		-2.93
Man Made Textiles		2.20573		130.8	-1.09			0.38		0.81		-1.36	1.64		-3.89
Wood & Wood Products		0.58744		197.7	0.16			1.70		0.00		4.22	4.58		5.50
Paper & Paper Products		2.03350		154.6	-0.07			-0.39		2.37		1.11	5.37		2.32
Leather & Leather Products		0.83509		143.8	-0.07			-1.03		0.07		1.05	0.34		-1.57
Rubber & Plastic Products		2.98697		146.3	-0.53			-0.48		0.20		-1.35	1.56		-2.60
Chemicals & Chemical Products		12.01770		150.6	-0.13			-0.13		0.39		-0.20	2.68		-1.70
Non-Metallic Mineral Products		2.55597		176.9	-0.57			-0.67		4.60		-1.01	5.86		0.97
Cement & Lime		1.38646		173.7	-1.38			0.00		4.14		-2.25	4.21		1.64
Basic Metals Alloys & Metal Product		10.74785		152.2	-0.90			-1.23		-1.49		-5.99	0.06		-7.81
Iron & Semis		1.56301		135.5	-1.51			-1.17		-1.51		-9.00	2.76		-13.42
Machinery & Machine Tools		8.93148		134.9	-0.15			0.00		1.13		-0.07	1.74		0.15
Transport Equipment & Parts		5.21282		137.9	-0.07			0.15		0.07		0.44	0.07		1.47

 

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-15	Oct-15	Sept-15	August-15	July-15	June-15
ALL COMMODITIES	100.00	-1.99	-3.81	-4.59	-5.06	-4.00	-2.13
PRIMARY ARTICLES	20.12	2.27	-0.36	-2.29	-4.21	-3.98	-0.48
Food Articles	14.34	5.20	2.44	0.84	-1.02	-1.20	3.12
Cereals	3.37	0.47	-0.25	-1.02	-1.98	-1.66	-0.39
Rice	1.79	-3.22	-3.40	-3.76	-3.89	-2.86	-1.62
Wheat	1.12	4.53	4.68	3.29	2.09	1.96	1.84
Pulses	0.72	58.17	52.98	38.94	36.49	36.18	36.78
Vegetables	1.74	14.08	2.56	-8.60	-20.03	-24.43	-6.82
Potato	0.20	-53.72	-58.95	-57.98	-51.76	-48.87	-51.60
Onion	0.18	52.69	85.66	120.69	74.44	-0.49	19.07
Fruits	2.11	-2.35	-4.78	-5.15	-1.42	-4.52	7.60
Milk	3.24	1.58	1.75	2.16	2.08	5.30	5.18
Egg, Meat & Fish	2.41	-2.24	-3.42	2.02	3.30	2.52	-2.25
Non-Food Articles	4.26	6.33	5.10	2.70	-0.46	-0.51	1.16
Fibres	0.88	0.15	-1.95	-6.86	-9.09	-10.88	-11.63
Oil Seeds	1.78	6.92	6.52	2.50	-2.20	-0.23	3.06
Minerals	1.52	-28.87	-31.39	-34.27	-34.35	-29.83	-27.64
FUEL & POWER	14.91	-11.09	-16.32	-17.71	-16.21	-11.56	-8.86
Liquefied petroleum gas	0.91	-5.80	-5.83	-5.45	-5.32	-4.90	-4.85
Petrol	1.09	-9.30	-13.16	-14.78	-13.82	-11.14	-7.10
High speed diesel	4.67	-16.83	-26.21	-28.10	-25.37	-15.91	-9.86
MANUFACTURED PRODUCTS	64.97	-1.42	-1.67	-1.73	-1.99	-1.54	-0.77
Food Products	9.97	0.92	0.23	-0.69	-2.11	-1.94	-0.46
Sugar	1.74	-11.16	-14.54	-16.45	-18.44	-17.63	-13.26
Edible Oils	3.04	4.45	4.53	3.35	1.17	1.37	2.83
Beverages, Tobacco & Tobacco Product	1.76	2.03	2.43	2.13	2.13	3.15	3.99
Cotton Textiles	2.61	-2.93	-3.94	-4.52	-5.02	-5.29	-4.96
Man Made Textiles	2.21	-3.89	-5.31	-4.91	-3.49	-2.63	-1.03
Wood & Wood Products	0.59	5.50	3.90	3.91	4.36	6.14	5.24
Paper & Paper Products	2.03	2.32	2.65	2.72	3.00	2.67	2.54
Leather & Leather Products	0.84	-1.57	-0.62	-0.95	-0.75	-1.89	-0.96
Rubber & Plastic Products	2.99	-2.60	-2.65	-2.71	-1.85	-0.93	-0.33
Chemicals & Chemical Products	12.02	-1.70	-1.69	-1.89	-1.88	-1.69	-1.17
Non-Metallic Mineral Products	2.56	0.97	1.08	1.26	2.75	3.48	4.62
Cement & Lime	1.39	1.64	0.23	1.04	2.51	2.47	4.95
Basic Metals Alloys & Metal Product	10.75	-7.81	-7.50	-6.74	-7.50	-6.28	-4.91
Iron & Semis	1.56	-13.42	-13.72	-10.90	-12.31	-10.64	-9.67
Machinery & Machine Tools	8.93	0.15	0.00	0.07	0.30	0.30	0.52
Transport Equipment & Parts	5.21	1.47	1.25	1.25	1.10	1.25	1.18

Wholesale Price Index signals monthly rise and negative annual inflation, reflecting mixed movements across primary, fuel and manufactured groups. The Wholesale Price Index (Base 2004 05=100) for November 2015 rose 0.5 percent month on month to 177.6 (provisional) while year on year WPI inflation was -1.99 percent (provisional); build up inflation in the financial year so far was 0.85 percent. Primary Articles increased 1.6 percent (led by Food Articles), Minerals declined 2.2 percent, Fuel & Power rose 0.9 percent, and Manufactured Products fell 0.2 percent, with annexures providing detailed subgroup weights and inflation trends.