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




Index Numbers of Wholesale Price in India (Base: 2004-05=100) Review for the month of July, 2015 
The official Wholesale Price Index for ‘All Commodities’ (Base: 2004-05=100) for the month of July, 2015 declined by 0.6 percent to 177.5 (provisional) from 178.6 (provisional) for the previous month.


INFLATION

The annual rate of inflation, based on monthly WPI, stood at -4.05% (provisional) for the month of July, 2015 (over July, 2014) as compared to -2.40% (provisional) for the previous month and 5.41% during the corresponding month of the previous year. Build up inflation rate in the financial year so far was 0.80% compared to a build up rate of 2.61% 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 0.5 percent to 247.2 (provisional) from 248.4 (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 0.6 percent to 255.7 (provisional) from 257.3 (provisional) for the previous month due to lower price of fish-inland (5%), fruits & vegetables, jowar and poultry chicken (3% each), ragi (2%) and       egg, fish-marine, pork and bajra (1% each).  However, the price of urad (5%), masur and arhar (4% each), beef & buffalo meat and tea (3% each), gram and condiments & spices (2% each) and wheat, barley, coffee and moong (1% each) moved up.

The index for ‘Non-Food Articles’ group declined by 1.3 percent to 215.6 (provisional) from 218.5 (provisional) for the previous month due to lower price of raw silk (10%), copra (coconut) (8%), guar seed (7%), soyabean (6%), raw rubber and groundnut seed (3% each), sunflower and flowers (2% each) and castor seed and raw cotton (1% each).  However, the price of niger seed (27 %), safflower (kardi seed)  (10%), fodder (4%), rape & mustard seed and raw jute (2% each) and linseed and coir fibre (1 % each) moved up.

The index for ‘Minerals’ group rose by 3.0 percent to 255.9 (provisional) from 248.5 (provisional) for the previous month due to higher price of zinc concentrate (9%), crude petroleum (8%), magnesite (3%) and chromite (2%).  However, the price of sillimanite and copper ore (5% each), manganese ore (3%) and iron ore (2%) declined.

FUEL & POWER (Weight 14.91%)

The index for this major group declined by 2.0 percent to 187.1 (provisional) from 191.0 (provisional) for the previous month due to lower price of  furnace oil (6%), aviation turbine fuel, high speed diesel and naphtha (4% each) and petrol (1%).

MANUFACTURED PRODUCTS (Weight 64.97%)

The index for this major group declined by 0.3 percent to 153.7 (provisional) from 154.2 (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 0.6 percent to 172.0 (provisional) from 173.1 (provisional) for the previous month due to lower price of copra oil, sugar and khandsari (4% each), tea dust (unblended) and vanaspati (3% each),     tea leaf (blended) and palm oil (2% each) and sunflower oil, rice bran oil, gram powder (besan), powder milk, tea dust (blended), soyabean oil and ghee (1% each).  However, the price of tea leaf (unblended) (8%), gingelly oil (7%), mustard & rapeseed oil and bakery products (3% each), groundnut oil and oil cakes (2% each) and sooji (rawa) and maida (1% each) moved up.

The index for ‘Beverages, Tobacco & Tobacco Products’ group declined by 0.3 percent to 206.1 (provisional) from 206.7 (provisional) for the previous month due to lower price of  zarda (3%), beer (2%) and dried tobacco (1%).

The index for ‘Textiles’ group rose by 0.2 percent to 141.2 (provisional) from 140.9 (provisional) for the previous month due to higher price of jute sacking cloth (4%), tyre cord fabric (3%) and cotton yarn, gunny and hessian cloth, cotton fabric,  man made fabric and jute sacking bag (1% each).  However, the price of jute yarn (2%) and man made fibre and woollen textiles (1% each) declined.

The index for ‘Wood & Wood Products’ group rose by 0.8 percent to 197.9 (provisional) from 196.3 (provisional) for the previous month due to higher price of  plywood & fibre board (2%).

The index for ‘Paper & Paper Products’ group rose by 0.5 percent to 153.6 (provisional) from 152.9 (provisional) for the previous month due to higher price of laminated paper (7%), newspaper and paper pulp (2% each) and corrugated sheet boxes (1%).  However, the price of paper rolls (2%) declined.

The index for ‘Leather & Leather Products’ group declined by 0.7 percent to 144.3 (provisional) from 145.3 (provisional) for the previous month due to lower price of leathers (2%) and leather footwear (1%).  However, the price of leather garments & jackets (2%) moved up.

The index for ‘Non-Metallic Mineral Products’ group declined by 0.9 percent to 174.2 (provisional) from 175.8 (provisional) for the previous month due to lower price of  grey cement (3%).  However, the price of marbles (8%), slag  cement (7%) and glass bottles & bottleware (1%) moved up.

The index for ‘Basic Metals, Alloys & Metal Products’ group declined by 1.0 percent to 157.1 (provisional) from 158.7 (provisional) for the previous month due to lower price of sponge iron and rounds (3% each), gp/gc sheets, wire rods, HRC,     silver, plates, gold & gold ornaments and billets (2% each) and angles, rebars, pencil  ingots, joist & beams, pig iron, steel: pipes & tubes, brass, zinc, CRC and aluminium (1% each).  However, the price of ferro silicon (2%) and      nuts/bolts/screw/ washers (1%) moved up.

The index for ‘Machinery & Machine Tools’ group rose by 0.1 percent to 135.2 (provisional) from 135.0 (provisional) for the previous month due to higher price of ball/roller bearing (4%), industrial  valves (2%) and electric motors, rubber machinery,  engines and conductor (1% each).  However, the price of insulators (3%), plastic machinery and battery dry cells (2% each) and pvc insulated cable and electrical wires (1% each) declined.

The index for ‘Transport, Equipment & Parts’ group rose by  0.1 percent to 137.8 (provisional) from 137.7 (provisional) for the previous month due to higher price of shafts (all kinds) (2%).

FINAL INDEX FOR THE MONTH OF MAY, 2015 (BASE YEAR: 2004-05=100)

For the month of May, 2015, the final Wholesale Price Index for ‘All Commodities’ (Base: 2004-05=100) stood at 178.0 as compared to 177.7 (provisional) and annual rate of inflation based on final index stood at -2.20 percent as compared to -2.36 percent (provisional) respectively as reported on 15.06.2015.


Next date of press release: 14/09/2015 for the month of August, 2015
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)






Month of July, 2015
Commodities/Major Groups/ Groups/Sub-Groups
Weight
WPI July, 2015
Latest month over month
Build up from March
Year on year
2014-15
2015-16
2014-15
2015-16
2014-15
2015-16
ALL COMMODITIES
100.00000
177.5
1.09
-0.62
2.61
0.80
5.41
-4.05
PRIMARY ARTICLES
20.11815
247.2
2.52
-0.48
7.18
3.43
6.78
-3.66
Food Articles
14.33709
255.7
3.44
-0.62
10.27
2.57
8.47
-1.16
Cereals
3.37323
231.9
1.60
0.43
1.95
0.35
5.18
-1.57
Rice
1.79348
237.7
1.49
0.34
5.43
1.76
8.13
-2.86
Wheat
1.11595
212.9
0.87
1.19
-4.26
-1.21
1.06
1.96
Pulses
0.71662
317.8
1.30
2.88
2.81
23.27
3.31
35.75
Vegetables
1.73553
252.1
22.39
-0.59
68.35
16.28
-1.15
-24.52
Potato
0.20150
174.5
10.12
17.35
78.61
15.41
47.83
-49.27
Onion
0.17794
406.5
35.99
14.15
67.69
22.26
-8.26
-0.49
Fruits
2.10717
234.8
7.43
-4.51
13.48
-3.69
31.87
-4.48
Milk
3.23818
250.3
0.04
0.16
3.30
1.21
10.46
5.30
Egg, Meat & Fish
2.41384
280.4
-6.62
-2.06
-3.25
-3.34
1.56
2.52
Non-Food Articles
4.25756
215.6
0.46
-1.33
-0.23
6.42
2.89
-0.74
Fibres
0.87737
208.1
-1.65
-1.09
-2.47
7.60
-3.20
-10.53
Oil Seeds
1.78051
212.1
0.90
-2.53
3.38
3.77
6.31
-0.89
Minerals
1.52350
255.9
0.09
2.98
0.52
5.18
2.72
-26.32
FUEL & POWER
14.91021
187.1
1.08
-2.04
0.19
-0.48
7.35
-12.81
Liquefied petroleum gas
0.91468
162.7
0.12
-0.18
-3.06
0.00
8.90
-5.02
Petrol
1.09015
174.3
2.71
-1.41
0.25
5.57
5.90
-13.33
High speed diesel
4.67020
198.8
1.53
-4.10
3.29
-2.17
12.64
-16.75
MANUFACTURED PRODUCTS
64.97164
153.7
0.39
-0.32
1.17
-0.13
4.07
-1.47
Food Products
9.97396
172.0
1.04
-0.64
3.55
1.12
4.41
-1.77
Sugar
1.73731
160.5
2.37
-4.12
6.05
-8.02
1.99
-17.48
Edible Oils
3.04293
148.8
0.83
-0.27
-0.14
2.76
0.97
1.71
Beverages, Tobacco & Tobacco Product
1.76247
206.1
0.91
-0.29
2.15
1.43
9.96
3.10
Cotton Textiles
2.60526
158.6
-0.54
0.83
0.85
0.57
6.74
-4.63
Man Made Textiles
2.20573
133.5
1.26
-0.67
1.48
0.68
5.71
-2.55
Wood & Wood Products
0.58744
197.9
-0.64
0.82
-0.91
4.32
5.27
6.57
Paper & Paper Products
2.03350
153.6
0.20
0.46
1.49
0.46
6.54
2.54
Leather & Leather Products
0.83509
144.3
1.44
-0.69
1.30
1.41
3.64
-2.43
Rubber & Plastic Products
2.98697
149.4
0.33
0.00
0.47
0.74
4.58
-0.80
Chemicals & Chemical Products
12.01770
151.4
0.46
0.00
0.92
0.33
4.48
-1.69
Non-Metallic Mineral Products
2.55597
174.2
0.30
-0.91
1.19
-2.52
1.44
2.77
Cement & Lime
1.38646
168.3
0.48
-2.15
1.34
-5.29
-3.09
1.20
Basic Metals Alloys & Metal Product
10.74785
157.1
0.12
-1.01
-0.30
-2.96
3.02
-5.98
Iron & Semis
1.56301
143.8
-0.37
-1.37
1.13
-3.43
6.00
-10.52
Machinery & Machine Tools
8.93148
135.2
0.15
0.15
1.13
0.15
2.98
0.37
Transport Equipment & Parts
5.21282
137.8
0.00
0.07
0.22
0.36
2.10
1.25













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
July-15
June-15
May-15
Apr-15
Mar-15
Feb-15
100.00
-4.05
-2.40
-2.20
-2.43
-2.33
-2.17
PRIMARY ARTICLES
20.12
-3.66
-0.76
-1.05
0.50
-0.17
1.01
Food Articles
14.34
-1.16
2.88
2.74
5.90
6.27
7.83
Cereals
3.37
-1.57
-0.43
0.04
0.35
0.00
1.13
Rice
1.79
-2.86
-1.74
-1.43
-0.04
0.65
3.28
Wheat
1.12
1.96
1.64
2.60
1.65
-1.19
-2.40
Pulses
0.72
35.75
33.67
23.10
15.47
13.22
14.50
Vegetables
1.74
-24.52
-7.07
-4.99
-1.32
9.27
15.28
Potato
0.20
-49.27
-52.40
-50.71
-41.05
-21.50
-5.20
Onion
0.18
-0.49
18.54
22.15
29.97
36.49
25.96
Fruits
2.11
-4.48
7.47
6.69
15.09
12.56
16.84
Milk
3.24
5.30
5.18
6.89
7.42
7.48
7.99
Egg, Meat & Fish
2.41
2.52
-2.25
-4.04
4.01
2.62
1.59
Non-Food Articles
4.26
-0.74
1.06
-0.96
-2.90
-6.94
-5.64
Fibres
0.88
-10.53
-11.04
-12.08
-13.77
-18.91
-22.69
Oil Seeds
1.78
-0.89
2.59
-0.64
-1.52
-1.26
-0.20
Minerals
1.52
-26.32
-28.39
-26.50
-28.62
-29.58
-29.55
FUEL & POWER
14.91
-12.81
-10.03
-9.43
-12.98
-12.23
-14.77
Liquefied petroleum gas
0.91
-5.02
-4.73
-4.95
-6.06
-7.92
-8.86
Petrol
1.09
-13.33
-9.70
-9.20
-17.32
-17.70
-21.80
High speed diesel
4.67
-16.75
-11.86
-9.77
-14.99
-12.11
-17.59
MANUFACTURED PRODUCTS
64.97
-1.47
-0.77
-0.52
-0.45
-0.19
0.26
Food Products
9.97
-1.77
-0.12
-0.29
-1.05
0.59
1.25
Sugar
1.74
-17.48
-11.89
-11.17
-8.76
-4.85
-2.20
Edible Oils
3.04
1.71
2.83
0.82
-1.23
-1.16
-0.82
Beverages, Tobacco & Tobacco Product
1.76
3.10
4.34
4.20
2.94
3.83
4.06
Cotton Textiles
2.61
-4.63
-5.92
-5.38
-4.77
-4.37
-2.47
Man Made Textiles
2.21
-2.55
-0.67
-0.81
-1.71
-1.78
-1.71
Wood & Wood Products
0.59
6.57
5.03
5.14
1.69
1.23
2.99
Paper & Paper Products
2.03
2.54
2.27
2.61
2.74
3.59
3.56
Leather & Leather Products
0.84
-2.43
-0.34
-0.14
-1.45
-2.53
-2.34
Rubber & Plastic Products
2.99
-0.80
-0.47
-0.47
-1.07
-1.07
-0.74
Chemicals & Chemical Products
12.02
-1.69
-1.24
-1.18
-1.37
-1.11
-0.79
Non-Metallic Mineral Products
2.56
2.77
4.02
4.88
6.96
6.69
5.26
Cement & Lime
1.39
1.20
3.93
5.19
7.68
8.29
5.20
Basic Metals Alloys & Metal Product
10.75
-5.98
-4.91
-4.01
-3.06
-3.40
-2.21
Iron & Semis
1.56
-10.52
-9.61
-7.91
-5.66
-6.29
-5.02
Machinery & Machine Tools
8.93
0.37
0.37
0.90
1.05
1.35
1.81
Transport Equipment & Parts
5.21
1.25
1.18
1.40
1.33
1.10
0.96




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