The official Wholesale Price Index for ‘All Commodities’ (Base: 2004-05=100) for the month of September, 2016 declined by 0.2 percent to 182.8 (provisional) from 183.1 (provisional) for the previous month.

INFLATION

The annual rate of inflation, based on monthly WPI, stood at 3.57% (provisional) for the month of September, 2016 (over September, 2015) as compared to 3.74% (provisional) for the previous month and -4.59% during the corresponding month of the previous year.  Build up inflation rate in the financial year so far was 4.28% 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 1.9  percent to 263.9 (provisional) from 268.9 (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 1.6 percent to 279.6 (provisional) from 284.2 (provisional) for the previous month due to lower price of urad (12%), arhar, moong and poultry chicken (8% each), masur (5%), fruits & vegetables (4%), mutton and bajra (3% each), fish-marine and gram (2% each) and condiments & spices, barley and egg (1% each).  However, the price of fish-inland and tea (2% each) and jowar, coffee, ragi, wheat and milk (1% each) moved up.

The index for  ‘Non-Food Articles’ group declined by 2.5 percent to 230.3 (provisional) from 236.3 (provisional) for the previous month due to lower price of raw rubber (13%), groundnut seed (6%), soyabean, raw cotton and mesta (5% each),  flowers (4%), guar seed, raw jute and gingelly seed (2% each) and hides (raw) and linseed (1% each).  However, the price of raw silk   (7%), sunflower (6%), copra (coconut), castor seed and coir fibre (2% each) and safflower (kardi seed) (1%) moved up.

The index for ‘Minerals’ group declined by 2.7 percent to  210.4 (provisional) from 216.3  (provisional) for the previous month due to lower price of copper ore (8%), magnesite (5%), manganese ore and iron ore (3% each) and phosphorite and crude petroleum (2% each).  However, the price of limestone (4%), zinc concentrate (3%) and chromite and sillimanite (1% each) moved up.

FUEL & POWER (Weight 14.91%)

The index for this major group rose by 1.8 percent to 185.4 (provisional) from 182.2 (provisional) for the previous month due to higher price of furnace oil and petrol (6% each), high speed diesel (3%), kerosene (2%) and bitumen (1%).  However, the price of aviation turbine fuel (5%) declined.

MANUFACTURED PRODUCTS (Weight 64.97%)

The index for this major group rose by 0.3 percent to 157.1 (provisional) from 156.7 (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 0.6 percent to 192.5 (provisional) from 191.3 (provisional) for the previous month due to higher price of gram powder (besan) (12%), coffee powder and processed prawn (4% each), wheat flour (atta) and maida (3% each), cotton seed oil (2%) and groundnut oil, rice bran oil, sunflower oil, canned fish, mustard & rapeseed oil, sooji (rawa), palm oil, powder milk and gur (1% each).  However, the price of tea dust (unblended) and gingelly oil (2% each) and tea leaf (unblended), oil cakes and tea dust (blended) (1% each) declined.

The index for ‘Textiles’ group rose by 0.1 percent to 142.2 (provisional) from 142.1 (provisional) for the previous month due to higher price of jute yarn (1%).  However, the price of tyre cord fabric and gunny and hessian cloth (4% each),     jute sacking cloth (2%) and jute sacking bag (1%) declined.

The index for ‘Wood & Wood Products’ group rose by 1.6 percent to 200.8 (provisional) from 197.6 (provisional) for the previous month due to higher price of plywood & fibre board (3%) and timber / wooden planks and processed wood (1 % each).

The index for ‘Paper & Paper Products’ group declined by 0.1 percent to 156.8 (provisional) from 157.0 (provisional) for the previous month due to lower price of newspaper (3%) and newsprint and corrugated sheet boxes (1% each).  However, the price of computer stationery (1%) moved up.

The index for ‘Leather & Leather Products’ group declined by 0.2 percent to 145.8 (provisional) from 146.1 (provisional) for the previous month due to lower price of leather footwear (1%).  However, the price of leathers (1%) moved up.

The index for ‘Rubber & Plastic Products’ group rose by 0.1 percent to 147.8 (provisional) from 147.6 (provisional) for the previous month due to higher price of rubber products (1%).  However, the price of tubes (1%) declined.

The index for ‘Chemicals & Chemical Products’ group declined by 0.4 percent to 150.6 (provisional) from 151.2 (provisional) for the previous month due to lower price of di ammonium phosphate (3%), non-cyclic compound and basic inorganic chemicals (2% each) and rubber chemicals and explosives (1% each).  However, the price of vitamins and pesticides (1% each) moved up.

The index for ‘Non-Metallic Mineral Products’ group declined by 0.1 percent to 179.4 (provisional) from 179.5 (provisional) for the previous month due to lower price of slag cement (2%) and polished granite (1%).  However, the price of lime (1%) moved up.

The index for ‘Basic Metals, Alloys & Metal Products’ group rose by 0.7 percent to 153.0 (provisional) from 151.9 (provisional) for the previous month due to higher price of gp/gc sheets and plates (4% each), rounds (3%), melting scrap,     angles, HRC, sponge iron and wire rods (2% each) and lead, steel rods, rebars, pig iron, CRC, nuts/bolts/screw/ washers,     joist & beams, steel castings, pencil  ingots, silver and billets (1% each).

The index for ‘Transport, Equipment & Parts’ group rose by 0.1 percent to 139.8 (provisional) from 139.7 (provisional) for the previous month due to higher price of motor cycle / scooter / moped (1%).  However, the price of railway  axle & wheel (2%) declined.

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

For the month of July, 2016, the final Wholesale Price Index for ‘All Commodities’ (Base: 2004-05=100) stood at 184.2 as compared to 183.9 (provisional) and annual rate of inflation based on final index stood at 3.72 percent as compared to 3.55 percent (provisional) respectively as reported on 16.08.2016.

Annexure-I

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

Month of September, 2016

Annexure-II

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