Index Numbers of Wholesale Price in India (Base: 2004-05=100), Review for the Month of February, 2015

Index Numbers of Wholesale Price in India (Base: 2004-05=100), Review for the Month of February, 2015 


“This press release is embargoed against publication, telecast or circulation in any media till 12:00 noon today i.e.16th March, 2015”

                       

The official Wholesale Price Index for ‘All Commodities’ (Base: 2004-05 = 100) for the month of February, 2015 declined by 1.4 percent to 175.8 (provisional) from 178.3 (provisional) for the previous month.

INFLATION

The annual rate of inflation, based on monthly WPI, stood at -2.06% (provisional) for the month of February, 2015 (over February, 2014) as compared to -0.39% (provisional) for the previous month and 5.03% during the corresponding month of the previous year. Build up inflation rate in the financial year so far was -2.50% compared to a build up rate of 5.53% 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 241.9 (provisional) from 246.6 (provisional) for the previous month. The groups and items which showed variations during the month are as follows:-

The index for `Food Articles` group declined by 0.8 percent to 250.5 (provisional) from 252.4 (provisional) for the previous month due to lower price of egg (8%), fruits & vegetables and tea (5% each), moong (3%), ragi (2%) and coffee, pork, beef & buffalo meat and barley (1% each).  However, the price of mutton and fish-inland (5% each), arhar (4 %), poultry chicken and fish-marine (2% each) and gram, condiments & spices, masur, jowar and maize (1% each) moved up.

The index for `Non-Food Articles` group declined by 0.8 percent to 206.0 (provisional) from 207.6 (provisional) for the previous month due to lower price of guar seed (14%),  castor seed (10%), raw cotton (5%), fodder (4%), gingelly seed   (3%) and cotton seed, soyabean and copra (coconut) (2% each).  However, the price of flowers (10%), niger seed, groundnut seed and raw silk (4% each), raw jute (3%), raw rubber and sunflower (2% each) and linseed (1%) moved up.

The index for `Minerals` group declined by 13.1 percent to 261.7 (provisional) from 301.1  (provisional) for the previous month due to lower price of zinc concentrate (30%), crude petroleum (28%), barytes and copper ore (6% each) and       chromite (1%).  However, the price of magnesite and iron ore (6% each), steatite (2%) and sillimanite and phosphorite (1 % each) moved up.

FUEL & POWER (Weight 14.91%)

The index for this major group declined by  4.4 percent to 181.3 (provisional) from 189.7 (provisional) for the previous month due to lower price of furnace oil (14%), aviation turbine fuel and bitumen (13% each), high speed diesel (6%), petrol (5%), kerosene (4%) and LPG (3%).

MANUFACTURED PRODUCTS (Weight 64.97%)

The index for this major group declined by 0.3 percent to 154.1 (provisional) from 154.5 (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 Products` group declined by 0.5 percent to 170.7 (provisional) from 171.6 (provisional) for the previous month due to lower price of tea dust (blended) (5%), tea leaf (unblended), gingelly oil, bakery products and powder milk (3% each), sugar, rice bran oil and gur (2% each) and canned fish, tea leaf (blended), sooji (rawa), mustard & rapeseed oil, wheat flour (atta) and soyabean oil (1% each).  However, the price of copra oil and tea dust (unblended) (4% each), ghee and coffee powder (3% each), oil cakes and groundnut oil (2% each) and gola (cattle feed) and cotton seed oil (1% each) moved up.
The index for  `Beverages, Tobacco & Tobacco Products` group declined by 0.1 percent to 201.9 (provisional) from 202.0 (provisional) for the previous month due to lower price of rectified spirit and cigarette (1% each).  However, the price of      bidi and beer (1% each) moved up.

The index for `Textiles` group declined by 0.2 percent to 140.2 (provisional) from 140.5 (provisional) for the previous month due to lower price of tyre cord fabric (5%) and cotton fabric, man made fabric, man made fibre and woollen textiles (1% each).  However, the price of jute sacking bag (3%),  jute sacking cloth and gunny and hessian cloth (2% each) and  jute yarn and cotton yarn (1% each) moved up.

The index for `Wood & Wood Products` group declined by 0.1 percent to 189.1 (provisional) from 189.3 (provisional) for the previous month due to lower price of veneered particle board (3%) and veneer wood (1%).  However, the price of wooden chair (1%) moved up.

The index for `Paper & Paper Products` group rose by 0.1 percent to 151.5 (provisional) from 151.4 (provisional) for the previous month due to higher price of paper cartons/boxes (2%) and books/ periodicals/ journals, paper for printing/poster and paper rolls (1% each).  However, the price of laminated paper (8%) and newsprint (1%) declined.

The index for `Leather & Leather Products` group declined by 0.4 percent to 143.2 (provisional) from 143.8 (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 declined by 0.7 percent to 148.4 (provisional) from 149.4 (provisional) for the previous month due to lower price of tubes (3%) and plastic products and rubber products (1% each).

The index for `Chemicals & Chemical Products` group declined by 1.0 percent to 150.4 (provisional) from 151.9 (provisional) for the previous month due to lower price of non-cyclic compound and organic manure (8% each), hair/body oils, basic organic chemicals and dye & dye intermediates (2% each) and synthetic resin, turpentine oil, pesticides,     washing powder and adhesive &  gum (1% each).  However, the price of rubber chemicals, safety matches/match box and ammonium sulphate (1% each) moved up.

The index for `Non-Metallic Mineral Products` group rose by 2.2 percent to 176.7 (provisional) from 172.9 (provisional) for the previous month due to higher price of bricks & tiles (5%), grey cement (3%), marbles (2%) and slag cement (1%).

The index for `Basic Metals, Alloys & Metal Products` group declined by 0.7 percent to 163.6 (provisional) from 164.7 (provisional) for the previous month due to lower price of iron castings (4%), gp/gc sheets, sponge iron, angles, HRC,     wire rods and plates (2% each) and sheets, rounds, pencil  ingots, pig iron, billets, iron & steel wire, melting scrap, ferro chrome, rebars, aluminium, ferro manganese, steel and joist & beams (1% each).  However, the price of silver and gold & gold ornaments (2% each) and pipes/tubes/rods/strips, nuts/bolts/screw/ washers, ferro silicon and brass (1% each) moved up.

The index for `Machinery & Machine Tools` group rose by 0.1 percent to 135.3 (provisional) from 135.2 (provisional) for the previous month due to higher price of chemical plant equipments (2%) and electrical pumps, ball/roller bearing,     electric switch gears, engines, communication equipments, t.v.sets, pump & assembly and fluorescent tubes (1% each).

The index for `Transport, Equipment & Parts` group rose by 0.2 percent to 137.0 (provisional) from 136.7 (provisional) for the previous month due to higher price of auto rickshaw/tempo/matador, railway axle & wheel and parts of ships/boats etc.   (1% each).  However, the price of railway brake gear (2%) declined.

FINAL INDEX FOR THE MONTH OF DECEMBER, 2014 (BASE YEAR: 2004-05=100)

For the month of  December, 2014, the final Wholesale Price Index for ‘All Commodities’(Base: 2004-05=100) stood at 178.7 as compared to 179.8 (provisional) and annual rate of inflation based on final index stood at -0.50 percent as compared to 0.11 percent respectively as reported on 14.01.2015.

This press release is embargoed against publication, telecast or circulation in any media till 12:00 noon today i.e.16th March, 2015

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