The official Wholesale Price Index for ‘All Commodities’ (Base: 2011-12=100) for the month of June, 2018 rose by 1.1 percent to 119.2 (provisional) from 117.9 (provisional) for the previous month.

INFLATION

The annual rate of inflation, based on monthly WPI, stood at 5.77% (provisional) for the month of June, 2018 (over June, 2017) as compared to 4.43% (provisional) for the previous month and 0.90% during the corresponding month of the previous year. Build up inflation rate in the financial year so far was 2.49% compared to a build up rate of -0.44% 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 22.62%)

The index for this major group rose by 2.0 percent to 133.2 (provisional) from 130.6 (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 1.1 percent to 141.7 (provisional) from 140.1 (provisional) for the previous month due to higher price of egg (5%), fruits & vegetables (4%), maize and fish-marine (3% each), jowar (2%) and barley, bajra, beef & buffalo meat, wheat, coffee, condiments & spices, milk and poultry chicken (1% each).  However, the price of betel leaves (14%), urad, arhar and gram (2% each) and ragi, masur and moong (1% each) declined

The index for ‘Non-Food Articles’ group rose by 2.9 percent to 122.5 (provisional) from 119.1 (provisional) for the previous month due to higher price of raw cotton (11%), industrial wood (8%), safflower (kardi seed) (3%), sunflower, groundnut seed, cotton seed, linseed, mesta and hides (raw) (2% each) and raw rubber, raw wool, castor seed, gingelly seed and coir fibre (1% each).   However, the price of niger seed (7%), guar seed and raw silk (4% each), copra (coconut) and soyabean (2% each) and floriculture (1%) declined.

The index for ‘Minerals’ group rose by 1.4 percent to 140.2 (provisional) from 138.3 (provisional) for the previous month due to higher price of manganese ore (6%), iron ore and zinc concentrate (4% each) and limestone and lead concentrate (2% each).  However, the price of garnet (10%), sillimanite (8%) and chromite (5%) declined.

The index for ‘Crude Petroleum & Natural Gas’ group rose by 8.1 percent to 95.2 (provisional) from 88.1 (provisional) for the previous month due to higher price of crude petroleum (11%) and natural gas (1%).

FUEL & POWER (Weight 13.15%)

The index for this major group rose by 3.0 percent to 104.1 (provisional) from 101.1 (provisional) for the previous month. The groups and items which showed variations during the month are as follows:-

The index for ‘Mineral Oils’ group rose by 3.5 percent to 96.9 (provisional) from 93.6 (provisional) for the previous month due to higher price of furnace oil (10%), ATF (7%), LPG and naphtha (6% each), bitumen (3%), HSD, petrol and kerosene (2% each) and petroleum coke (1%).

The index for ‘Electricity’ group rose by 4.0 percent to 109.6 (provisional) from 105.4 (provisional) for the previous month due to higher price of electricity (4%).

MANUFACTURED PRODUCTS (Weight 64.23%)

The index for this major group rose by 0.4 percent to 117.3 (provisional) from 116.8 (provisional) for the previous month. The groups and items which showed variations during the month are as follows:-

The index for ‘Manufacture of Food Products’ group rose by 1.0 percent to 128.5 (provisional) from 127.2 (provisional) for the previous month due to higher price of sugar (7%), rice products (4%), coffee powder with chicory, manufacture of macaroni, noodles, couscous & similar farinaceous products, gur and processed tea (3% each), chicken [duck, dressed- fresh/frozen], instant coffee and spices (including mixed spices) (2% each) and mustard oil, bagasse, molasses, sunflower oil, palm oil, rapeseed oil, salt, manufacture of health supplements, manufacture of prepared animal feeds, rice bran oil,  manufacture of processed ready to eat food, sooji (rawa), butter, buffalo meat [fresh/frozen], condensed milk, maida, other meats [preserved/processed] and castor oil (1% each).  However, the price of wheat bran and soyabean oil (3% each),  processing & preserving of fish, crustaceans & molluscs & products thereof (2%)  and processing & preserving of fruit & vegetables, powder milk, copra oil, ice cream, manufacture of cocoa, chocolate & sugar confectionery, manufacture of starches & starch products and groundnut oil (1% each) declined.

The index for ‘Manufacture of Beverages’ group rose by 0.3 percent to 119.9 (provisional) from 119.5 (provisional) for the previous month due to higher price of country liquor (2%) and beer and spirits (1% each).   However, the price of bottled mineral water (2%) and rectified spirit (1%) declined.

The index for ‘Manufacture of Tobacco Products’ group rose by 0.4 percent to 150.3 (provisional) from 149.7 (provisional) for the previous month due to higher price of other tobacco products (1%).

The index for ‘Manufacture of Textiles’ group rose by 0.3 percent to 115.9 (provisional) from 115.5 (provisional) for the previous month due to higher price of manufacture of other textiles (2%) and synthetic yarn, cotton yarn, viscose yarn, manufacture of made-up textile articles, except apparel and manufacture of knitted & crocheted fabrics (1%).   However, the price of woollen yarn (1%) declined.

The index for ‘Manufacture of Wearing Apparel’ group declined by 1.3 percent to 139.2 (provisional) from 141.0 (provisional) for the previous month due to lower price of manufacture of wearing apparel (woven), except fur apparel (2%).

The index for ‘Manufacture of Leather and Related Products’ group rose by 0.2 percent to 121.9 (provisional) from 121.7 (provisional) for the previous month due to higher price of harness, saddles & other related items (2%) and gloves of leather, athletic/sport shoes, chrome tanned leather and travel goods, handbags, office bags, etc. (1% each).  However, the price of belt & other articles of leather (3%) and waterproof footwear and plastic/PVC chappals (1% each) declined.

The index for ‘Manufacture of Wood and of Products of Wood and Cork’ group declined by 0.2 percent to 133.1 (provisional) from 133.3 (provisional) for the previous month due to lower price of lamination wooden sheets/veneer sheets and wood cutting [processed/sized] (1% each).. However, the price of plywood block boards and wooden panel (1% each) moved up.

The index for ‘Manufacture of Paper and Paper Products’ group declined by 0.2 percent to 120.7 (provisional) from 121.0 (provisional) for the previous month due to lower price of paper bag including craft paper bag (10%), tissue paper (3%), base paper (2%) and paper carton/box, corrugated sheet box, corrugated paper board and duplex paper (1% each). However, the price of newsprint, pulp board, map litho paper and paper for printing & writing (1% each) moved up.

The index for ‘Printing and Reproduction of Recorded Media ‘group declined by 0.1 percent to 146.4 (provisional) from 146.6 (provisional) for the previous month due to lower price of printed form & schedule, sticker plastic and  journal/periodical (1% each).  However, the price of hologram (3d) and newspaper (1% each) moved up.

The index for ‘Manufacture of Chemicals and Chemical Products’ group rose by 0.6 percent to 118.0 (provisional) from 117.3 (provisional) for the previous month due to higher price of camphor (26%), sulphuric acid (12%), hydrogen peroxide (7%), nitric acid and acetic acid and its derivatives (5% each), phosphoric acid, varnish (all types), other inorganic chemicals, organic solvent, amine and agro chemical formulation (3% each) and ethyl acetate, dye stuff/dyes including dye intermediates and pigments/colours, ethylene oxide, other petrochemical intermediates, safety matches (match box), adhesive tape (non-medicinal), sodium silicate, alkyl benzene, polyester fibre fabric, additive, carbon black, insecticide & pesticide, polystyrene, expandable, superphospate/phosphatic fertilizer, others and rubber chemicals (2% each) and detergent cake, washing soap cake/bar/powder, soda ash/washing soda, ammonium nitrate, catalysts, polyethylene, tooth paste/tooth powder, oleoresin, alcohols, aromatic chemicals, di ammonium phosphate, nitrogenous fertilizer, others, poly vinyl chloride (pvc), xlpe compound, ammonium phosphate and ammonium sulphate (1% each).  However, the price of menthol (10%), mono ethyl glycol (5%), caustic soda (sodium hydroxide) and phthalic anhydride (3% each), liquid air & other gaseous products, polyester film(metalized), explosive and printing ink (2% each) and aniline (including pna, ona, ocpna), urea, poly propylene (PP), powder coating material and ammonia liquid (1% each) declined.

The index for ‘Manufacture of Pharmaceuticals, Medicinal Chemical and Botanical Products’ group rose by 0.2 percent to 121.9 (provisional) from 121.6 (provisional) for the previous month due to higher price of antipyretic, analgesic, anti-inflammatory formulations and anti cancer drugs (4% each), vials/ampoule, glass, empty or filled and medical accessories (3% each) and digestive enzymes & antacids and anti allergic drugs (1% each).  However, the price of anti-retroviral drugs for HIV treatment (5%), antioxidants (3%), plastic capsules (2%) and antibiotics & preparations thereof, api & formulations of vitamins, simvastatin and antiseptics & disinfectants (1% each) declined.

The index for ‘Manufacture of Rubber and Plastics Products’ group rose by 0.5 percent to 109.0 (provisional) from 108.5 (provisional) for the previous month due to higher price of plastic furniture (6%), rubberized dipped fabric and processed rubber (4% each), rubber moulded goods (3%), polypropylene film, polyester film (non-metalized), V belt and plastic bottle (2% each) and motor car tube, rubber crumb, PVC fittings & other accessories, plastic bag, plastic components, motor car tyre, cycle/cycle rickshaw tyre, acrylic/plastic sheet and plastic box/container (1% each).  However, the price of rubber cloth/sheet (7%), conveyer belt (fibre based), plastic tube (flexible/non-flexible) and rubber tubes- not for tyres (2% each) and plastic button, elastic webbing, rubber components & parts, solid rubber tyres/wheels, plastic tank and polythene film (1% each) declined.

The index for ‘Manufacture of Other Non-Metallic Mineral Products’ group declined by 0.4 percent to 115.2 (provisional) from 115.7 (provisional) for the previous month due to lower price of porcelain sanitary ware (3%), ordinary portland cement (2%) and clinker, cement superfine, glass bottle, marble slab and pozzolana cement (1% each).  However, the price of ordinary sheet glass (5%), asbestos corrugated sheet, ceramic tiles (vitrified tiles), white cement and cement blocks (concrete) (2% each) and plain bricks, slag cement, railway sleeper, stone, chip, granite, fibre glass incl. sheet and  toughened glass (1% each) moved up.

The index for ‘Manufacture of Basic Metals’ group rose by 0.7 percent to 113.0 (provisional) from 112.2 (provisional) for the previous month due to higher price of MS pencil ingots and alloy steel castings (4% each), copper metal/copper rings (3%), stainless steel tubes, MS bright bars, sponge iron/direct reduced iron (DRI), steel cables, stainless steel coils, strips & sheets, MS wire rods, brass metal/sheet/coils and steel forgings - rough (2% each) and aluminium ingot, cold rolled (CR) coils & sheets, including narrow strip, angles, channels, sections, steel (coated/not), stainless steel bars & rods, including flats, MS castings, aluminium castings, copper shapes-bars/rods/plates/strips, mild steel (MS) blooms, galvanized iron pipes, cast iron, castings and aluminium metal (1% each).  However, the price of rails, silicomanganese, other ferro alloys, alumnium foil, ferromanganese, pig iron and GP/GC sheet (1% each) declined.

The index for ‘Manufacture of Fabricated Metal Products, Except Machinery and Equipment’ group rose by 1.2 percent to 114.0 (provisional) from 112.7 (provisional) for the previous month due to higher price of sanitary fittings of iron & steel (14%), electrical stamping- laminated or otherwise (4%), steel door, cylinders and pressure cooker (3% each), forged steel rings (2%) and bolts, screws, nuts & nails of iron & steel, steel pipes, tubes & poles, stainless steel utensils, copper bolts, screws, nuts and jigs & fixture (1% each).  However, the price of hose pipes in set or otherwise (2%) and stainless steel tank, steel structures, aluminium utensils and steel drums & barrels (1% each) declined.

The index for ‘Manufacture of Computer, Electronic and Optical Products’ group declined by 0.3 percent to 111.3 (provisional) from 111.6 (provisional) for the previous month due to lower price of electro-diagnostic apparatus, used in medical, surgical, dental or veterinary sciences (3%), capacitors and meter (non-electrical) (2% each) and telephone sets including mobile hand sets (1%).   However, the price of colour tv (1%) moved up.

The index for ‘Manufacture of Electrical Equipment’ group rose by 0.3 percent to 111.6 (provisional) from 111.3 (provisional) for the previous month due to higher price of solenoid valve (6%), fibre optic cables, light fitting accessories and rubber insulated cables (2% each) and ACSR conductors, generators & alternators, aluminium wire, electric accumulators, electrical relay/conductor, transformer, electric & other meters and insulating & flexible wire (1% each). However, the price of jelly filled cables, rotor/magneto rotor assembly and electric switch (2% each) and electric mixers/grinders/food processors, fan and electric switch gear control/starter (1% each) declined.

The index for ‘Manufacture of Machinery and Equipment’ group rose by 0.4 percent to 110.3 (provisional) from 109.9 (provisional) for the previous month due to higher price of pressure vessel & tank for fermentation & other food processing (7%), cranes (6%), filtration equipment (4%), road roller (3%), hydraulic equipment and pneumatic tools (2% each) and pharmaceutical machinery, lathes, industrial valve, oil pump, material handling, lifting & hoisting equipment, gasket kit, mining, quarrying & metallurgical machinery/parts, air gas compressor including compressor for refrigerator, threshers and excavator (1% each).  However, the price of air or vacuum pump and moulding machine (3% each), conveyors-non-roller type and injection pump (2% each) and packing machine, solar power system (solar panel & attachable equipment), hydraulic pump, roller & ball bearings, printing machinery, deep freezers and manufacture of bearings, gears, gearing & driving elements (1% each) declined.

The index for ‘Manufacture of Motor Vehicles, Trailers and Semi-Trailers’ group rose by 0.2 percent to 111.9 (provisional) from 111.7 (provisional) for the previous month due to higher price of crankshaft (4%), passenger vehicles (2%) and shafts of all kinds, release valve, chain and chassis of different vehicle types (1% each).  However, the price of brake pad/brake liner/brake block/brake rubber, others and cylinder liners (3% each) and radiators & coolers (1%) declined.

The index for ‘Manufacture of Furniture’ group rose by 1.9 percent to 127.5 (provisional) from 125.1 (provisional) for the previous month due to higher price of foam & rubber mattress (9%), steel shutter gate (5%) and plastic fixtures (1%).   However, the price of wooden furniture and hospital furniture (1% each) declined.

WPI FOOD INDEX (Weight 24.38%)

The rate of inflation based on WPI Food Index consisting of ‘Food Articles’ from Primary Articles group and ‘Food Product’ from Manufactured Products group increased from 1.12% in May, 2018 to 1.56% in June, 2018.

FINAL INDEX FOR THE MONTH OF APRIL, 2018 (BASE YEAR: 2011-12=100)

For the month of April, 2018, the final Wholesale Price Index for ‘All Commodities’ (Base: 2011-12=100) stood at 117.3 as compared to 116.8 (provisional) and annual rate of inflation based on final index stood at 3.62 percent as compared to 3.18 percent (provisional) respectively as reported on 14.05.2018.

Next date of press release: 14/08/2018 for the month of July, 2018

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

Annexure-I

Wholesale Price Index and Rates of Inflation (Base Year: 2011-12=100)