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    Protection in predicate offence doesn't automatically extend to PMLA case: Delhi HC
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August 22, 2026
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Independent PMLA proceedings require separate anticipatory bail assessment; predicate-offence protection alone cannot establish pre-arrest protection.
Protection in a predicate-offence FIR does not automatically extend to independent PMLA proceedings. Anticipatory bail in a money-laundering investigation must be assessed under the applicable PMLA condition and on the material connecting the applicant to alleged proceeds of crime. Relevant considerations include the financial trail, recorded statements, bank-account analysis, compliance with summonses, cooperation with inquiry, and the need for personal participation in evidence collection and confrontation with documentary and digital material.
August 22, 2026
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Financial accessibility for Divyangjans requires compliance standards, practical implementation measures and stronger institutional capacity across financial services.
Accessibility of financial services for Divyangjans was examined through a workshop focused on public sector banks, insurance companies, regulators and public financial institutions. Discussions covered accessibility standards, compliance requirements, legal provisions, practical implementation challenges and institutional best practices under the Sugamya Bharat initiative. Participants considered operational measures to strengthen institutional capacity, inclusivity and equitable access to financial services.
August 22, 2026
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Audit quality enhancement for small and medium auditors emphasises technology, global standards, inspection insights and stronger financial reporting.
Audit quality and financial reporting reliability were the focus of NFRA's outreach programme for small and medium audit firms. The programme promoted professional capacity-building, alignment with contemporary global standards, adoption of appropriate audit technology, and the public-interest role of the accountancy profession. Technical sessions covered audit strategy documentation, risks of material misstatement, and practical lessons from audit-firm oversight to support improved day-to-day audit practice and high-quality financial reporting.
August 22, 2026
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Cartelisation by agro-input dealer associations attracted monetary sanctions, cease-and-desist directions, and mandatory competition-compliance training for responsible officials.
Cartelisation by the two agro-input dealer associations and named individuals contravened Section 3(3)(b) read with Section 3(1) of the Competition Act, 2002. Monetary sanctions were imposed, and association office-bearers were held liable under Section 48. The parties and liable officials were directed to cease and desist from future anti-competitive conduct and to organise competition-compliance training to promote awareness and compliance within the associations.
August 22, 2026
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Circular economy partnerships promote resilient value chains, resource efficiency and sustainable growth alongside evolving India-EU trade integration.
India-Finland circular economy cooperation is being developed through business, technology, investment and commercial partnerships supporting resource-efficient and sustainable growth. Discussions focused on competitive and resilient value chains based on circularity, traceability, resource efficiency and sustainable business practices. Circular economy principles extend beyond waste management into product design, value chains, resource use, skills development and new business models. The India-EU free trade agreement remains subject to legal review and formal ratification and is not yet in force.
August 22, 2026
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Bid rigging through pre-bid exchange of sensitive price information attracted penalties and cease-and-desist directions in tyre procurement.
Bid rigging in tyre procurement was established where Rekha Agencies and SS Marketing exchanged commercially sensitive price-bid information before submitting bids for the Himachal Pradesh Tender 2013. The concerted conduct contravened the prohibition on anti-competitive agreements and bid rigging. Monetary penalties and cease-and-desist directions were imposed on both enterprises. An official of Rekha Agencies was also penalised for liability arising from the contravention, while proceedings against the official of SS Marketing stood abated following his death.
August 22, 2026
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Import tariffs on Canadian products trigger potential retaliatory levies after bilateral negotiations fail to reach agreement.
Import tariffs on Canadian products are set to be imposed by the United States at a 50% rate after bilateral negotiations did not produce an agreement. The measures cover products including hockey sticks and tongue depressors and affect a limited share of Canada's annual exports to the United States. Canada has indicated possible retaliatory levies, intensifying the bilateral trade dispute.
August 21, 2026
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Rupee exchange-rate movement reflected geopolitical tensions, crude oil conditions and market intervention, while export payment rules expanded rupee invoicing.
Foreign Trade Policy amendments facilitate export invoicing and receipt of payments in Indian rupees. For exports to countries outside the Asian Clearing Union, export contracts and invoices may be denominated in Indian rupees or any foreign currency. The earlier general requirement that export earnings be received in a freely convertible currency is thereby eased, while applicable rules continue to vary according to destination.
August 21, 2026
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Non-controlling land-bordering country ownership permits eligible foreign investment through the automatic route, subject to sectoral conditions and reporting.
Foreign direct investment may use the automatic route where non-controlling beneficial ownership from a land-bordering country in the investor entity does not exceed 10%, subject to sectoral caps, entry routes and other applicable conditions. The beneficial ownership test applies at the investor-entity level. Eligible investors need not obtain separate prior Government approval after reporting relevant information to the Government. The framework replaces the earlier approval requirement applicable even to minimal beneficial ownership from land-bordering countries.
August 21, 2026
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Climate-resilient urban water security modernises Chennai's supply and sanitation systems through ring-main infrastructure, digital monitoring, and safer sewer operations.
Chennai Climate-Resilient Water Security and Sewerage Project modernises and expands water supply and sanitation infrastructure through a loan arrangement between the Government of India and the Asian Development Bank. Measures include new pipelines, upgraded pumping stations, performance-based utility operations, and a comprehensive ring-main system to improve water-pressure balance, distribution efficiency, reliability and climate resilience. Digital monitoring and advanced blockage-detection technology are intended to improve operational decisions, customer responsiveness and worker safety while eliminating hazardous manual sewer inspections.
August 21, 2026
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Capacity-based taxation targets undeclared pouch-packing machinery used for clandestine pan masala and tobacco production and untaxed clearances.
Capacity-based taxation of pan masala and specified tobacco products is determined by the number, type and capacity of installed pouch-packing machines. Searches at interconnected manufacturing and trading premises detected unregistered operations using undeclared machinery for clandestine manufacture and clearance of pan masala, scented jarda and gutkha without payment of GST, HSNS cess and central excise duty. Finished goods, raw materials, packing materials and machinery were seized. The manufacturing firm's proprietor was prima facie identified as managing the operation and was arrested under the applicable cess and central excise laws.
August 21, 2026
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Technology risk oversight requires Urban Co-operative Banks to retain accountability while building shared and role-specific capabilities.
Urban Co-operative Banks must strengthen digital and risk-management capabilities as technology dependence exposes them to cyber threats, fraud, service-provider failures and common-platform vulnerabilities. Outsourcing critical systems does not transfer the bank's responsibility for oversight, safeguards and continuity. Boards and senior management must retain sufficient knowledge to supervise external providers effectively. Mission SAKSHAM supports role-specific, continuous capability building through physical and online learning, while collective infrastructure and shared expertise can supplement individual institutional capacity.
August 21, 2026
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Foreign exchange market modernisation prioritises delegated decisions, customer transparency, digital workflows, local-currency settlement and accountable risk management.
Foreign exchange market modernisation advances a facilitative, principles-based framework based on delegated decision-making by Authorised Dealers, risk-based reporting, and customer-centric service standards. Authorised Dealers must apply clear internal policies, avoid unnecessary documentation, disclose charges, timelines and grievance mechanisms, and ensure consistent treatment of comparable transactions. Local-currency settlement requires viable trade corridors, competitive hedging, correspondent relationships and robust AML/CFT controls. Digital workflows, electronic trading and reporting infrastructure should improve transparency and resilience, while automated tools remain subject to explainability, review and data-protection safeguards.
August 21, 2026
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Sugar price containment measures restrict stockholding, permit duty-free imports, and strengthen inventory verification to deter hoarding.
Sugar price containment measures include stock limits for dealers, consumption-based inventory restrictions for bulk consumers, duty-free raw sugar imports, and physical verification of mill stocks to prevent hoarding and artificial scarcity. Price increases are attributed to lower domestic output, festive demand, crop damage, tighter global supplies, and speculation rather than sugar diversion for ethanol. Earlier crushing is advised to improve seasonal availability, while the ethanol programme supports management of sugar surpluses, mill liquidity, and timely sugarcane payments.
August 21, 2026
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Cross-border insolvency enforcement constrains asset recovery as Evergrande liquidation, founder asset confiscation, and audit-related claims continue.
Evergrande's insolvency process involves liquidation proceedings for its mainland property-development unit and its Hong Kong-listed holding company. Cross-border recovery is constrained by separate Hong Kong and mainland China legal systems, particularly because most operational assets are located in mainland China. Liquidators are pursuing asset-tracing and recovery measures against the founder and connected persons, as well as claims concerning pre-collapse audits. Investigations identified revenue overstatement through manipulated financial data. Creditor recoveries are expected to be limited due to substantial liabilities and constraints on asset realisation.
August 21, 2026
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Foreign exchange reserves rose through higher currency assets and gold holdings amid measures to attract external forex inflows.
India's foreign exchange reserves increased during the reporting week, led by higher foreign currency assets and gold reserves. Foreign currency assets include the dollar-value effects of movements in non-US currencies held as reserves. Special drawing rights declined marginally, while the reserve position with the International Monetary Fund increased marginally. Concessional swap arrangements formed part of measures to attract foreign-exchange inflows, while earlier reserve movements were linked to rupee pressure and dollar-sale intervention in the foreign-exchange market.
August 21, 2026
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Incremental tariff recovery aligns airport user charges with completed infrastructure, preventing passengers from funding non-operational capital projects prematurely.
User development fees and airport tariffs for Bengaluru International Airport have been revised for the April 2026 to March 2031 control period. The incremental Average Revenue Requirement framework excludes costs of identified high-value capital projects from tariffs until the relevant assets are completed, commissioned and available for users. Incremental tariff recovery may begin only upon operational availability, aligning charges with infrastructure use, reducing premature recovery risk for passengers and airlines, and encouraging timely completion of major capital works.
August 21, 2026
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Customer experience analytics enables banks to convert real-time feedback into operational improvements across high-value customer journeys.
Customer experience analytics is used in banking to transform customer data and real-time feedback into operational improvements across key customer journeys. Operational teams retain responsibility for strategy and execution, supported by in-house analytics and technology platforms for multi-channel journey mapping, journey analytics and prioritisation of high-value customer segments. AI-driven customer experience management tools capture customer signals, analyse journey performance and operationalise actionable insights across teams.
August 21, 2026
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Predicate-offence dependency limits retrospective addition of old FIRs to preserve money-laundering proceedings after the original scheduled offence is closed.
Predicate-offence dependency under the Prevention of Money Laundering Act requires an ECIR to rest on a subsisting scheduled offence. Closure of the FIR forming its basis through an accepted cancellation report prevents continuation of money-laundering proceedings unless that closure is overturned. A previously registered FIR cannot be belatedly added merely to preserve an existing ECIR and coercive powers. Where statutory requirements are met, an independently registered ECIR may be required. Expansion of an ECIR cannot rest solely on tenuous factual links between successive disputes.
August 21, 2026
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Indian rupee export invoicing rules now permit overseas contracts and invoices in rupees or foreign currency for eligible destinations.
Foreign Trade Policy provisions were amended to facilitate invoicing of overseas exports and receipt of export payments in Indian rupees. For exports to countries outside the Asian Clearing Union, export contracts and invoices may be denominated in Indian rupees or any foreign currency, replacing the earlier general requirement that export earnings be received in a freely convertible currency. The applicable requirements vary according to the destination country.

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News and Press Release

Index Numbers of Wholesale Price in India (Base: 2011-12=100)Review for the month of December, 2018

January 14, 2019

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The official Wholesale Price Index for ‘All Commodities’ (Base: 2011-12=100) for the month of December, 2018 declined by 1.4 percent to 120.1 (provisional) from 121.8 (provisional) for the previous month.

INFLATION

The annual rate of inflation, based on monthly WPI, stood at 3.80% (provisional) for the month of December, 2018 (over December, 2017) as compared to 4.64% (provisional) for the previous month and 3.58% during the corresponding month of the previous year. Build up inflation rate in the financial year so far was 3.27% compared to a build up rate of 2.21% 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 declined by 1.8 percent to 134.7 (provisional) from 137.2 (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 1.4 percent to 144.0 (provisional) from 146.1 (provisional) for the previous month due to lower price of fruits & vegetables (8%), peas/chawali (7%), condiments & spices (2%) and paddy (1%). However, the price of betel leaves (14%), arhar (9%), maize and poultry chicken (6% each), gram, fish-marine and urad (4% each), jowar and masur (3% each), bajra and coffee (2% each) and rajma, pork, moong, fish-inland, barley, ragi and tea (1% each) moved up.

The index for ‘Non-Food Articles’ group declined by 0.1 percent to 124.5 (provisional) from 124.6 (provisional) for the previous month due to lower price of guar seed (6%), raw cotton and castor seed (3% each), groundnut seed (2%) and raw rubber, rape & mustard seed and raw silk (1% each).  However, the price of gingelly seed, floriculture and mesta (5% each), copra (coconut) (4%), safflower (kardi seed) and linseed (3% each), raw jute, skins (raw) and soyabean (2% each) and coir fibre, raw wool, hides (raw), sunflower and cotton seed (1% each) moved up.

The index for ‘Minerals’ group rose by 7.7 percent to 140.4 (provisional) from 130.4 (provisional) for the previous month due to higher price of garnet (28%), copper concentrate (21%), manganese ore (9%), iron ore, phosphorite and chromite (3% each) and bauxite (1%).  However, the price of zinc concentrate (30%) and sillimanite (4%) declined.

The index for 'Crude Petroleum & Natural Gas' group declined by 11.9 percent to 91.7 (provisional) from 104.1 (provisional) for the previous month due to lower price of crude petroleum (16%).

FUEL & POWER (Weight 13.15%)

The index for this major group declined by 5.9 percent to 103.5 (provisional) from 110.0 (provisional) for the previous month. The groups and items which showed variations during the month are as follows:-

The index for ‘Mineral Oils’ group declined by 10.2 percent to 94.7 (provisional) from 105.5 (provisional) for the previous month due to lower price of naphtha (21%), furnace oil (16%), LPG (13%), ATF (12%), petrol and bitumen (9% each), HSD (8%), petroleum coke (7%) and kerosene (3%).

MANUFACTURED PRODUCTS (Weight 64.23%)

The index for this major group declined by 0.4 percent to 118.3 (provisional) from 118.8 (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 declined by 1.0 percent to 127.7 (provisional) from 129.0 (provisional) for the previous month due to lower price of molasses (6%), gur, honey and coffee powder with chicory (5% each), rice bran oil and palm oil (4% each), powder milk, manufacture of processed ready to eat food and cotton seed oil (3% each), sugar, butter, other meats [preserved/processed], buffalo meat [fresh/frozen] and castor oil (2% each) and  manufacture of prepared animal feeds, instant coffee, vanaspati, ghee, sooji (rawa), mustard oil, groundnut oil, processed tea and manufacture of bakery products (1% each).  However, the price of wheat bran and manufacture of starches & starch products (4% each), manufacture of health supplements (3%), gram powder (besan), chicken/duck [dressed-fresh/frozen], copra oil and bagasse (2% each) and wheat flour (atta) and manufacture of macaroni, noodles, couscous & similar farinaceous products (1% each) moved up.

 
The index for ‘Manufacture of Beverages’ group rose by 0.2 percent to 122.0 (provisional) from 121.7 (provisional) for the previous month due to higher price of aerated drinks/soft drinks (incl. soft drink concentrates) (1%).  However, the price of bottled mineral water and beer (1% each) declined.

The index for ‘Manufacture of Textiles’ group rose by 0.1 percent to 119.2 (provisional) from 119.1 (provisional) for the previous month due to higher price of manufacture of made-up textile articles, except apparel (4%) and manufacture of other textiles (2%). However, the price of synthetic yarn (2%) and texturised & twisted yarn and. manufacture of cordage, rope, twine & netting (1% each) declined.

The index for ‘Manufacture of Wearing Apparel’ group rose by 0.2 percent to 138.4 (provisional) from 138.1 (provisional) for the previous month due to higher price of leather garments incl. jackets and shawls & scarves [knitted] (1% each).

The index for ‘Manufacture of Leather and Related Products’ group declined by 0.3 percent to 121.1 (provisional) from 121.5 (provisional) for the previous month due to lower price of vegetable tanned leather (6%), belt & other articles of leather (3%) chrome tanned leather (2%).  However, the price of canvas shoes (2%) moved up.

The index for ‘Manufacture of Wood and of Products of Wood and Cork’ group rose by 0.3 percent to 133.9 (provisional) from 133.5 (provisional) for the previous month due to higher price of timber/wooden plank [sawn/resawn] (4%), wooden box/crate (2%) and wooden block-compressed or not and lamination wooden sheets/veneer sheets (1% each). However, the price of particle boards (3%) and wood cutting [processed/sized] (1%) declined

The index for ‘Manufacture of Paper and Paper Products’ group declined by 0.1 percent to 125.2 (provisional) from 125.3 (provisional) for the previous month due to lower price of paper bag including craft paper bag (14%), kraft paper, base paper, laminated paper and newsprint (2% each) and bristle paper board, duplex paper, hard board and poster paper (1% each). However, the price of pulp board (6%), paper carton/box (2%) and corrugated sheet box, paper for printing & writing and corrugated paper board (1% each) moved up.

The index for ‘Printing and Reproduction of Recorded Media’ group rose by 0.7 percent to 147.5 (provisional) from 146.5 (provisional) for the previous month due to higher price of journal/periodical (3%). However, the price of hologram (3d) (3%) and printed labels/posters/calendars and sticker plastic (1% each) declined.

The index for ‘Manufacture of Chemicals and Chemical Products’ group declined by 0.7 percent to 120.0 (provisional) from 120.8 (provisional) for the previous month due to lower price of mono ethyl glycol (12%), organic solvent (9%), acetic acid & its derivatives (8%), hydrogen peroxide (6%), menthol, alkyl benzene, poly propylene (pp), camphor and phthalic anhydride (5%each), plasticizer, ethyl acetate and printing ink (4% each), creams & lotions for external application, hair oil/body oil, aniline (including pna, ona, ocpna), acrylic fibre, carbon black, ethylene oxide and alcohols (3% each), ammonium sulphate, polystyrene [expandable], varnish (all types), epoxy [liquid], fatty acid, insecticide & pesticide and mosquito coil (2% each) and polyethylene, phosphoric acid, polyester fibre fabric, catalysts, caustic soda (sodium hydroxide), adhesive tape (non-medicinal), shampoo, rubber chemicals, sulphuric acid, oleoresin, perfume/scent and polyester chips or polyethylene terepthalate (pet) chips (1% each).  However, the price of ammonia gas (13%), powder coating material, ammonium nitrate, soda ash/washing soda and polyester film(metalized) (2% each) and safety matches (match box), ammonium phosphate, ammonia liquid, toilet soap, xlpe compound, other inorganic chemicals, superphospate /phosphatic fertilizer [others], poly vinyl chloride (PVC), fungicide [liquid], mixed fertilizer, gelatine, organic chemicals, other petrochemical intermediates, amine and liquid air & other gaseous products (1% each) moved up.

The index for ‘Manufacture of Pharmaceuticals, Medicinal Chemical and Botanical Products’ group declined by 0.2 percent to 124.1 (provisional) from 124.3 (provisional) for the previous month due to lower price of vials/ampoule, glass, empty or filled and anti-malarial drugs (2% each) and antioxidants and plastic capsules (1% each). However, the price of anti inflammatory preparation (3%), anti-retroviral drugs for HIV treatment (2%) and sulpha drugs and anti allergic drugs (1% each) moved up.

The index for ‘Manufacture of Rubber and Plastics Products’ group declined by 0.2 percent to 110.2 (provisional) from 110.4 (provisional) for the previous month due to lower price of plastic button (6%), polypropylene film (4%), plastic bag and processed rubber (3% each), rubber components & parts, plastic film, plastic tube (flexible/non-flexible) and plastic components (2% each) and plastic tank, PVC fittings & other accessories, plastic furniture, polythene film, elastic webbing, rubberized dipped fabric, motor car tyre and thermocol (1% each). However, the price of plastic box/container (3%), medium & heavy commercial vehicle tyre and rubber tread (2% each) and solid rubber tyres/wheels, rubber moulded goods, plastic bottle, conveyer belt (fibre based) and acrylic/plastic sheet (1% each) moved up.

The index for ‘Manufacture of Other Non-Metallic Mineral Products’ group declined by 0.3 percent to 115.2 (provisional) from 115.6 (provisional) for the previous month due to lower price of graphite rod, ceramic tiles (vitrified tiles) and marble slab (2% each) and clinker, white cement, cement superfine, granite, fibre glass incl. sheet, asbestos corrugated sheet and glass bottle (1% each). However, the price of ordinary sheet glass and toughened glass (2% each) and plain bricks, porcelain sanitary ware, poles & posts of concrete and ordinary portland cement (1% each) moved up.


The index for ‘Manufacture of Basic Metals’ group declined by 1.2 percent to 112.5 (provisional) from 113.9 (provisional) for the previous month due to lower price of angles, channels, sections, steel (coated/not) (4%), alloy steel wire rods, sponge iron/direct reduced iron (DRI)and mild steel (MS) blooms (3% each), hot rolled (HR) coils & sheets, including narrow strip, gp/gc sheet, copper metal/copper rings, ferrochrome, aluminium disk & circles, aluminium shapes- bars/rods/flats, brass metal/sheet/coils, MS pencil ingots, MS wire rods, MS bright bars, pig iron and aluminium powder (2% each) and aluminium ingot, aluminium alloys, steel cables, cold rolled (CR) coils & sheets, including narrow strip, ferromanganese, stainless steel pencil ingots/billets/slabs, alloy steel castings, stainless steel tubes, copper shapes- bars/rods/plates/strips and aluminium castings (1% each). However, the price of steel forgings-rough, stainless steel coils, strips & sheets, ms castings and cast iron [castings] (1% each) moved up.

The index for ‘Manufacture of Fabricated Metal Products, Except Machinery and Equipment’ group declined by 0.1 percent to 116.1 (provisional) from 116.2 (provisional) for the previous month due to lower price of boilers (5%), steel door (3%), cylinders and copper bolts, screws, nuts (2% each) and bolts, screws, nuts & nails of iron & steel, aluminium utensils, hose pipes in set or otherwise and jigs & fixture (1% each).  However, the price of forged steel rings (5%), hand tools and electrical stamping-laminated or otherwise (2% each) and pressure cooker, steel drums & barrels, iron/steel cap, steel container and stainless steel utensils (1% each) moved up.

The index for ‘Manufacture of Computer, Electronic and Optical Products’ group declined by 0.6 percent to 112.3 (provisional) from 113.0 (provisional) for the previous month due to lower price of sunglasses (4%), colour TV (3%), electronic printed circuit board (PCB)/micro circuit (2%) and meter (non-electrical) (1%).  However, the price of electro-diagnostic apparatus, used in medical, surgical, dental or veterinary sciences (7%) and scientific time keeping device (1%) moved up.

The index for ‘Manufacture of Electrical Equipment’ group declined by 0.1 percent to 112.0 (provisional) from 112.1 (provisional) for the previous month due to lower price of jelly filled cables (6%), aluminium wire (3%), refrigerators (2%) and washing machines/laundry machines, lead acid batteries for vehicles & other uses, transformer, electrical relay/conductor, aluminium/alloy conductor, generator parts and copper wire (1% each).  However, the price of solenoid valve, fibre optic cables, electric mixers/grinders/food processors and connector/plug/socket/holder-electric (2% each) and insulator, generators & alternators and air coolers (1% each) moved up.

The index for ‘Manufacture of Motor Vehicles, Trailers and Semi-Trailers’ group declined by 0.8 percent to 112.8 (provisional) from 113.7 (provisional) for the previous month due to lower price of seat for motor vehicles (9%), engine (2%) and light, medium & heavy commercial vehicles, passenger vehicles and cylinder liners (1% each).  However, the price of crankshaft (3%), axles of motor vehicles (2%) and shafts of all kinds, minibus/bus, filter element and release valve (1% each) moved up.

The index for ‘Manufacture of Other Transport Equipment’ group rose by 0.3 percent to 112.4 (provisional) from 112.1 (provisional) for the previous month due to higher price of motor cycles (1%). However, the price of scooters (1%) declined.

The index for ‘Manufacture of Furniture’ group declined by 0.7 percent to 127.5 (provisional) from 128.4 (provisional) for the previous month due to lower price of foam and rubber mattress (3%) and iron/steel furniture (1%). However, the price of plastic fixtures (2%) moved up.

The index for 'Other Manufacturing' group rose by 7.0 percent to 114.6 (provisional) from 107.1 (provisional) for the previous month due to higher price of gold & gold ornaments (8%), football (5%), silver (2%) and plastic moulded-others toys and cricket bat (1% each). However, the price of stringed musical instruments (incl. santoor, guitars, etc.) (3%) and playing cards (1%) 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 -1.96% in November, 2018 to 0.07% in December, 2018.

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

For the month of October, 2018, the final Wholesale Price Index for ‘All Commodities’ (Base: 2011-12=100) stood at 122.0 as compared to 121.7 (provisional) and annual rate of inflation based on final index stood at 5.54 percent as compared to 5.28 percent (provisional) respectively as reported on 14.11.2018.

Next date of press release: 14/02/2019 for the month of January, 2019

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)

 

 

 

 

Month of  December, 2018

Commodities/Major Groups/Groups/Sub-Groups

Weight

WPI

December-2018

Latest month over month

Build up from March

Year on year

2017-18

2018-19

2017-18

2018-19

2017-18

2018-19

ALL COMMODITIES

100.00

120.1

-0.60

-1.40

2.21

3.27

3.58

3.80

PRIMARY ARTICLES

22.62

134.7

-3.16

-1.82

3.62

5.07

3.86

2.28

Food Articles

15.26

144.0

-4.63

-1.44

4.72

4.88

4.72

-0.07

Cereals

2.82

153.1

-0.07

0.26

-2.00

5.88

-3.00

7.59

Paddy

1.43

154.7

-0.27

-0.58

0.74

1.38

3.19

3.97

Wheat

1.03

152.8

0.00

0.39

-2.45

8.22

-8.47

9.61

Pulses

0.64

135.8

-3.83

3.82

-13.64

11.04

-35.19

2.11

Vegetables

1.87

146.6

-22.39

-12.37

50.17

27.26

56.38

-17.55

Potato

0.28

175.0

-1.59

-21.52

29.20

34.10

-8.40

48.68

Onion

0.16

131.3

8.20

-25.31

228.21

-16.53

197.05

-63.83

Fruits

1.60

138.5

-0.62

-1.84

3.23

-9.00

11.99

-3.69

Milk

4.44

143.6

0.00

-0.35

2.71

2.06

3.85

2.43

Eggs, Meat & Fish

2.40

140.3

-2.33

2.11

0.00

5.41

1.67

4.55

Non-Food Articles

4.12

124.5

1.79

-0.08

-2.21

3.66

-0.17

4.45

Oil Seeds

1.12

140.9

1.73

0.14

0.47

1.59

-0.54

8.97

Minerals

0.83

140.4

0.25

7.67

6.45

1.52

7.38

14.89

Crude Petroleum

1.95

83.3

0.71

-15.52

5.98

12.72

3.96

17.49

FUEL & POWER

13.15

103.5

0.95

-5.91

2.03

5.61

8.03

8.38

LPG

0.64

98.0

0.44

-12.89

-2.03

15.16

21.14

6.87

Petrol

1.60

84.2

0.97

-8.48

0.73

-0.36

8.94

1.57

HSD

3.10

94.6

1.52

-8.24

2.59

4.99

12.68

8.61

MANUFACTURED PRODUCTS

64.23

118.3

0.18

-0.42

1.69

2.16

2.79

3.59

Manufacture of Food Products

9.12

127.7

-0.55

-1.01

0.08

-0.16

-0.23

0.24

Manufacture of Vegetable And Animal Oils and Fats

2.64

114.1

0.90

-2.23

2.86

-2.48

1.27

2.33

Sugar

1.06

112.5

-4.31

-2.17

-4.97

-3.68

0.73

-9.42

Manufacture of Tobacco Products

0.51

149.5

0.40

-0.13

6.75

-0.53

6.30

-1.52

Manufacture of Textiles

4.88

119.2

0.27

0.08

0.27

4.38

2.07

5.30

Manufacture of Wearing Apparel

0.81

138.4

-0.07

0.22

4.28

0.51

4.75

-0.29

Manufacture of Leather and Related Products

0.54

121.1

1.34

-0.33

0.66

0.58

0.58

-0.08

Manufacture of Wood And of Products of Wood and Cork

0.77

133.9

0.61

0.30

1.08

1.90

1.39

1.90

Manufacture of Paper and Paper Products

1.11

125.2

0.51

-0.08

2.51

4.07

3.67

5.56

Manufacture of Chemicals and Chemical Products

6.47

120.0

0.71

-0.66

1.34

3.90

2.72

6.01

Manufacture of Rubber and Plastics Products

2.30

110.2

-0.37

-0.18

-1.75

2.42

-0.93

3.09

Manufacture of other Non-Metallic Mineral Products

3.20

115.2

0.27

-0.35

3.66

1.05

4.04

1.68

Manufacture of Cement, Lime and Plaster

1.64

112.8

0.35

-0.09

3.93

-0.70

3.74

-0.70

Manufacture of Basic Metals

9.65

112.5

1.58

-1.23

7.64

2.65

11.00

9.33

Mild Steel - Semi Finished Steel

1.27

98.8

1.83

-1.40

4.65

0.71

6.42

4.55

Manufacture of Fabricated Metal Products, Except Machinery and Equipment

3.15

116.1

-0.27

-0.09

2.21

3.66

5.02

4.69

Manufacture of other Transport Equipment

1.65

112.4

0.63

0.27

1.46

1.81

2.01

0.81

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

 

 

Dec-18

Nov-18

Oct-18

Sept-18

Aug-18

July-18

 

 

ALL COMMODITIES

100.00

3.80

4.64

5.54

5.22

4.62

5.27

 

 

PRIMARY ARTICLES

22.62

2.28

0.88

2.46

3.04

-0.07

2.04

 

 

Food Articles

15.26

-0.07

-3.31

-1.42

-0.21

-4.04

-2.10

 

 

Cereals

2.82

7.59

7.23

6.24

5.54

5.05

3.51

 

 

Paddy

1.43

3.97

4.29

4.08

4.64

4.78

3.96

 

 

Wheat

1.03

9.61

9.18

9.49

8.87

8.39

6.38

 

 

Pulses

0.64

2.11

-5.42

-13.51

-18.14

-14.12

-17.24

 

 

Vegetables

1.87

-17.55

-26.98

-18.35

-4.13

-20.00

-13.58

 

 

Potato

0.28

48.68

86.45

94.48

79.89

71.21

75.19

 

 

Onion

0.16

-63.83

-47.60

-31.69

-23.74

-25.94

44.20

 

 

Fruits

1.60

-3.69

-2.49

0.80

-6.97

-16.40

-8.81

 

 

Milk

4.44

2.43

2.78

2.78

2.21

2.86

2.87

 

 

Eggs, Meat & Fish

2.40

4.55

0.00

-0.44

-0.44

0.00

0.87

 

 

Non-Food Articles

4.12

4.45

6.40

4.14

3.51

2.65

3.96

 

 

Oil Seeds

1.12

8.97

10.70

7.50

8.20

10.23

9.86

 

 

Minerals

0.83

14.89

6.97

14.80

0.85

7.12

13.14

 

 

Crude Petroleum

1.95

17.49

40.06

50.08

56.19

53.47

58.99

 

 

FUEL & POWER

13.15

8.38

16.28

18.66

17.30

17.73

18.10

 

 

LPG

0.64

6.87

23.22

31.39

33.51

46.08

31.53

 

 

Petrol

1.60

1.57

12.06

20.10

17.21

16.56

20.75

 

 

HSD

3.10

8.61

20.16

24.14

22.18

19.90

22.84

 

 

MANUFACTURED PRODUCTS

64.23

3.59

4.21

4.57

4.13

4.43

4.53

 

 

Manufacture of Food Products

9.12

0.24

0.70

1.17

0.86

1.73

1.74

 

 

Manufacture of Vegetable And Animal Oils and Fats

2.64

2.33

5.61

9.49

10.39

11.76

13.50

 

 

Sugar

1.06

-9.42

-11.40

-11.44

-12.99

-11.15

-10.51

 

 

Manufacture of Tobacco Products

0.51

-1.52

-0.99

0.00

-0.13

0.33

2.82

 

 

Manufacture of Textiles

4.88

5.30

5.49

5.77

4.77

4.05

3.88

 

 

Manufacture of Wearing Apparel

0.81

-0.29

-0.58

0.29

0.95

1.98

2.14

 

 

Manufacture of Leather and Related Products

0.54

-0.08

1.59

1.25

2.00

1.84

2.49

 

 

Manufacture of Wood And of Products of Wood and Cork

0.77

1.90

2.22

0.61

-0.23

0.83

0.53

 

 

Manufacture of Paper and Paper Products

1.11

5.56

6.19

4.44

2.59

3.56

2.86

 

 

Manufacture of Chemicals and Chemical Products

6.47

6.01

7.47

7.69

7.46

6.93

6.48

 

 

Manufacture of Rubber and Plastics Products

2.30

3.09

2.89

2.23

2.14

1.77

2.05

 

 

Manufacture of other Non-Metallic Mineral Products

3.20

1.68

2.30

3.40

3.40

3.95

3.48

 

 

Manufacture of Cement, Lime and Plaster

1.64

-0.70

-0.27

-0.26

-0.44

0.09

0.44

 

 

Manufacture of Basic Metals

9.65

9.33

12.44

14.00

13.18

13.30

15.57

 

 

Mild Steel - Semi Finished Steel

1.27

4.55

7.97

9.52

9.13

8.03

8.50

 

 

Manufacture of Fabricated Metal Products, Except Machinery and Equipment

3.15

4.69

4.50

5.84

5.88

8.56

6.69

 

 

Manufacture of other Transport Equipment

1.65

0.81

1.17

1.18

1.73

1.65

1.92

 

Topics

Acts Income Tax