Press Information Bureau

Government of India

Ministry of Commerce & Industry

14-December-2016 12:00 IST

Review for the month of November, 2016

The official Wholesale Price Index for ‘All Commodities’ (Base: 2004-05=100) for the month of November, 2016 rose by 0.1 percent to 183.1 (provisional) from 182.9 (provisional) for the previous month.

 INFLATION 

The annual rate of inflation, based on monthly WPI, stood at 3.15% (provisional) for the month of November, 2016 (over November, 2015) as compared to 3.39% (provisional) for the previous month and -2.04% 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 0.80% 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 0.9 percent to 259.4 (provisional) from 261.8 (provisional) for the previous month. The groups and items which showed variations during the month are as follows:-

The index for 'Food Articles' group declined by 1.0 percent to 276.1 (provisional) from 278.8 (provisional) for the previous month due to lower price of fruits & vegetables (7%), moong and masur (4% each), urad (3%), maize (2%) and arhar and condiments & spices (1% each). However, the price of ragi (20%), gram (10%), coffee (10%), wheat (5%), poultry chicken and barley (4% each) and bajra, fish-inland, tea, fish-marine, egg and jowar (1% each) moved up.

The index for 'Non-Food Articles' group declined by 0.8 percent to 221.4 (provisional) from 223.2 (provisional) for the previous month due to lower price of sunflower (11%), groundnut seed and guar seed (5% each), soyabean and flowers (4% each), linseed, raw cotton and mesta (3% each), coir fibre (2%) and raw wool, fodder, gingelly seed (1% each). However, the price of raw rubber (5%), sugarcane (4%), raw silk (3%), raw jute and castor seed (2% each) and copra (coconut), safflower (kardi seed) and rape & mustard seed (1% each) moved up.

The index for 'Minerals' group declined by 1.7 percent to 207.4 (provisional) from 210.9 (provisional) for the previous month due to lower price of magnesite (20%), copper ore (17%), chromite (5%) and phosphorite (2%). However, the price of manganese ore (10%), limestone (6%), iron ore (4%) and zinc concentrate (1%) moved up.

FUEL & POWER (Weight 14.91%)

The index for this major group rose by 1.8 percent to 190.7 (provisional) from 187.3 (provisional) for the previous month due to higher price of aviation turbine fuel (9%), bitumen (6%), furnace oil and high speed diesel (3% each), kerosene and LPG (2% each) and petrol (1%).

MANUFACTURED PRODUCTS (Weight 64.97%)

The index for this major group rose by 0.3 percent to 157.9 (provisional) from 157.4 (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 0.5 percent to 194.0 (provisional) from 193.0 (provisional) for the previous month due to higher price of wheat flour (atta) (6%), maida (5%), sooji (rawa) (4%), mixed spices (3%), sugar and copra oil (2% each) and gola (cattle feed) and soyabean oil (1% each). However, the price of oil cakes (4%), groundnut oil and gur (3% each), sunflower oil (2%) and tea dust (unblended), tea leaf (unblended), tea leaf (blended), processed prawn and bakery products (1% each) declined.

The index for 'Beverages, Tobacco & Tobacco Products' group declined by 0.1 percent to 221.6 (provisional) from 221.7 (provisional) for the previous month due to lower price of dried tobacco (2%). However, the price of rectified spirit (3%) and beer (1%) moved up.

The index for 'Textiles' group rose by 0.1 percent to 141.8 (provisional) from 141.7 (provisional) for the previous month due to higher price of tyre cord fabric (5%), gunny and hessian cloth (2%) and cotton fabric (1%). However, the price of jute sacking cloth (4%), jute yarn (2%) and jute sacking bag (1%) declined.

The index for 'Wood & Wood Products' group declined by 1.6 percent to 197.6 (provisional) from 200.8 (provisional) for the previous month due to lower price of plywood & fibre board (3%).

The index for 'Paper & Paper Products' group rose by 0.3 percent to 156.4 (provisional) from 155.9 (provisional) for the previous month due to higher price of corrugated sheet boxes (3%) and cream laid woven paper and printing and writing paper (1% each). However, the price of paper cartons/boxes (3%) and paper rolls, newsprint and paper pulp (1% each) declined.

The index for 'Leather & Leather Products' group rose by 1.1 percent to 147.1 (provisional) from 145.5 (provisional) for the previous month due to higher price of leather footwear (2%).

The index for 'Rubber & Plastic Products' group declined by 0.1 percent to 148.4 (provisional) from 148.5 (provisional) for the previous month due to lower price of rubber transmission belt, synthetic rubber compound and rubber components & parts (2% each) tractor tyre, other rubber tubes, plastic components/accessories, polyester film and reclaimed rubber (1% each). However, the prices of hdpe bag (2%) and plastic/ldpe/polythene bag, plastic/pvc chappals, plastic rolls and hdpe woven sacks (1% each) moved up.

The index for 'Chemicals & Chemical Products' group rose by 0.1 percent to 150.8 (provisional) from 150.7 (provisional) for the previous month due to higher price of thermocol (3%), hair / body oils (2%) and toilet soap, basic organic chemicals, non-cyclic compound, safety matches/ match box, ammonium sulphate, washing soap and dye & dye intermediates (1% each). However, the price of tooth paste/tooth powder (5%), organic manure and di ammonium phosphate (2% each) and antibiotics, vitamins and polymers (1% each) declined.

The index for 'Non-Metallic Mineral Products' group declined by 0.2 percent to 179.9 (provisional) from 180.2 (provisional) for the previous month due to lower price of polished granite and marbles (1% each). However, the price of asbestos corrugated sheet and lime (1% each) moved up.

The index for 'Basic Metals, Alloys & Metal Products' group rose by 0.7 percent to 156.3 (provisional) from 155.2 (provisional) for the previous month due to higher price of ferro chrome (9%), pig iron (5%), pipes/tubes/rods/strips and sheets (3% each), wire rods, gp/gc sheets, HRC and steel rods (2% each) and CRC, melting scrap, steel: pipes & tubes, pencil ingots, billets, aluminium and sponge iron (1% each). However, the price of silver (2%) and ferro silicon (1%) declined.

The index for 'Machinery & Machine Tools' group rose by 0.1 percent to 135.4 (provisional) from 135.2 (provisional) for the previous month due to higher price of t.v.sets and fibre optic cable (3% each), battery dry cells and insulators (2% each) and grinding /wet coffee machinery (1%). However, the price of sprinkler (2%) and textile machinery (1 %) declined.

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

For the month of September, 2016, the final Wholesale Price Index for ‘All Commodities’ (Base: 2004-05=100) stood at 183.2 as compared to 182.8 (provisional) and annual rate of inflation based on final index stood at 3.80 percent as compared to 3.57 percent (provisional) respectively as reported on 14.10.2016.

Next date of press release: 16/01/2017 for the month of December, 2016

Office of Economic Adviser, Ministry of Commerce & Industry, New Delhi,

This press release is available at our home page http://eaindustry.nic.in

Annexure-I

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

MJPS