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

Annexure-II

Trend of Rate of Inflation for some important items during last six months