Press Information Bureau

Government of India

Ministry of Commerce & Industry

15-October-2012 11:37 IST

The official Wholesale Price Index for ‘All Commodities’ (Base: 2004-05 = 100) for the month September, 2012 rose by 1.1 percent to 168.4 (Provisional) from 166.6 (Provisional) for the previous month.

INFLATION

The annual rate of inflation, based on monthly WPI, stood at 7.81% (Provisional) for the month of September, 2012 (over September, 2011) as compared to 7.55% (Provisional) for the previous month and 10.00% during the corresponding month of the previous year. Build up inflation in the financial year so far was 4.60% compared to a build up of 4.48% 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 0.5 percent to 220.7 (Provisional) from 219.5 (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 Articles' group rose by 0.6 percent to 212.7 (Provisional) from 211.4 (Provisional) for the previous month due to higher prices of coffee (8%), ragi (7%), fish-marine (5%), wheat, egg and fish-inland (4% each), poultry chicken and maize (3% each), rice and urad (2% each) and masur, arhar, tea, milk, mutton and moong   (1% each).  However, the prices of fruits & vegetables (3%), barley (2%) and jowar (1%) declined.

The index for 'Non-Food Articles' group declined by 2.1 percent to 202.4 (Provisional) from 206.8  (Provisional) for the previous month due to lower prices of gaur seed (38%), castor seed (11%), soyabean (6%), raw cotton (5%),      raw silk (2%) and niger seed (1%). However, the prices of logs & timber (8%), raw rubber (5%), linseed, fodder,  cotton seed and coir fibre (4% each), gingelly seed (sesamum) (3%), rape & mustard seed, mesta and raw jute (2% each) and groundnut seed and sunflower (1% each) moved up.

The index for 'Minerals' group rose by 4.9 percent to 347.6 (Provisional) from 331.3 (Provisional) for the previous month due to higher prices of barytes (67%), crude petroleum (9%), zinc concentrate (6%), phosphorite (4%),manganese ore (3%) and copper ore (1%). However, the prices of sillimanite (10%), magnesite (8%) and steatite (2 %) declined.

FUEL & POWER (Weight 14.91%)

The index for this major group rose by 4.0 percent to 188.3 (Provisional) from 181.0 (Provisional) for the previous month due to higher prices of aviation turbine fuel (13%), light diesel oil (11%), naphtha  and high speed diesel (9 % each), furnace oil (7%) and kerosene (1%).  However, the prices of bitumen (1%) declined.

MANUFACTURED PRODUCTS (Weight 64.97%)

The index for this major group rose by 0.5 percent to 147.7 (Provisional) from 146.9 (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 1.2 percent to 166.5 (Provisional) from 164.5 (Provisional) for the previous month due to higher prices of gram powder (besan) (19%), sugar confectionary (6%), wheat flour ( atta) (6 %), cotton seed oil (5%), mixed spices and soyabean oil (4% each), tea leaf (blended) (3%), sugar and maida (2% each) and oil cakes, khandsari, sooji (rawa) and gingelly oil (1% each).  However, the prices of processed prawn and tea dust (unblended) (3% each), tea dust (blended), gola (cattle feed) and tea leaf (unblended) (2% each) and      groundnut oil, ghee, rice bran oil and copra oil (1% each) declined.

The index for 'Beverages, Tobacco & Tobacco Products' group rose by 2.1 percent to 175.2 (Provisional) from 171.6 (Provisional) for the previous month due to higher prices of bidi (7%) and soft drinks & carbonated water (1%).

The index for 'Textiles' group rose by 0.4 percent to 130.9 (Provisional) from 130.4 (Provisional) for the previous month due to higher prices of jute sacking bag and jute sacking cloth (2% each) and cotton yarn, man made fibre,  man made fabric and gunny and hessian cloth (1% each).

The index for 'Wood & Wood Products' group rose by 0.9 percent to 171.1 (Provisional) from 169.6 (Provisional) for the previous month due to higher prices of plywood & fibre board (2%).

The index for 'Paper & Paper Products' group rose by 0.7 percent to 136.2 (Provisional) from 135.2 (Provisional) for the previous month due to higher prices of newspaper, cream  laid woven paper and paper cartons / boxes (3% each) and printing and writing paper and maplitho paper (1% each).

The index for 'Leather & Leather Products' group rose by 0.5 percent to 134.9 (Provisional) from 134.2 (Provisional) for the previous month due to higher prices of leather shoe lining and leather chappals/sandals (1% each).

The index for 'Rubber & Plastic Products' group rose by  0.4 percent to 137.5 (Provisional) from 136.9 (Provisional) for the previous month due to higher prices of  plastic products (1%).

The index for 'Chemicals & Chemical Products' group rose by 0.4 percent to 143.8 (Provisional) from 143.2 (Provisional) for the previous month due to higher prices of di ammonium phosphate (3%), adhesive &  gum (2%) and basic inorganic chemicals, non-cyclic compound, organic manure and pesticides (1% each).  However, the prices of thermocol and turpentine oil (1% each) declined.

The index for 'Non-Metallic Mineral Products' group rose by 0.2 percent to 164.5 (Provisional) from 164.2 (Provisional) for the previous month due to higher prices of lime (3%), bricks & tiles (2%) and railway sleeper and glass bottles & bottleware (1%).  However, the prices of  marbles (2%) and white cement (1%) declined.

The index for 'Basic Metals, Alloys & Metal Products' group rose by 0.4 percent to 167.2 (Provisional) from 166.6 (Provisional) for the previous month due to higher prices of silver (6%), gold & gold ornaments (4%), fixtures,     copper wire (all types) and copper products (other than wire) (2% each) and iron & steel wire, melting scrap, sponge iron, ferro manganese, hrc, pressure cooker and aluminium (1% each).  However, the prices of steel rods (3 %), ferro chrome, sheets and steel castings (2% each) and angles, steel: pipes & tubes, copper / copper ingots and rebars (1% each) declined.

The index for 'Machinery & Machine Tools' group rose by 0.2 percent to 128.3 (Provisional) from 128.1 (Provisional) for the previous month due to higher prices of batteries and electric switches (4% each), sprinkler and textile machinery (3% each), plastic machinery, regulators and lamps (2% each) and pump & assembly, industrial  valves, electrical pumps, pvc insulated cable, engines, electric motor starters and air conditioner & refrigerators (1 % each).  However, the prices of fans, material handling equipments, insulators and electronic pcb /micro circuit (3% each), t.v. accessories, electric motors, loader and communication equipments (2% each) and hydraulic equipment and ball/roller bearing (1% each) declined.

The index for 'Transport, Equipment & Parts' group rose by 0.2 percent to 129.6 (Provisional) from 129.3 (Provisional) for the previous month due to higher prices of silencer & damper (7%) and geared motor (3%).

FINAL INDEX FOR THE MONTH OF  JULY , 2012 (BASE YEAR: 2004-05=100)

For the month of July, 2012, the final Wholesale Price Index for ‘All Commodities’ (Base: 2004-05=100) stood at 165.8 as compared to 164.8 (provisional) and annual rate of inflation based on final index stood at 7.52 percent as compared to 6.87 percent respectively  as reported on 14.08.2012.

 Next date of press release: 14/11/2012 for the month of October, 2012

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)

  

DS

Wholesale price inflation driven by fuel and minerals, keeping annual inflation elevated and sectoral pressures persistent. The official Wholesale Price Index for September 2012 rose month-on-month, producing an annual inflation rate of 7.81% and a fiscal-year build-up of 4.60%. Primary Articles edged up as Food Articles and Minerals moved higher while Non-Food Articles declined. Fuel & Power increased substantially driven by higher petroleum product and aviation turbine fuel prices. Manufactured Products showed a modest rise with mixed subgroup movements; the release details subgroup weights, monthly changes, build-up since March and year-on-year rates and includes a finalized revision for July 2012.