Index Numbers of Wholesale Price in India (Base: 2004-05=100) Review for the month of July, 2016

Index Numbers of Wholesale Price in India 

(Base: 2004-05=100)
Review for the month of July, 2016 

The official Wholesale Price Index for ‘All Commodities’ (Base: 2004-05=100) for the month of July, 2016 rose by 1.0 percent to 183.9 (provisional) from 182.0 (provisional) for the previous month.


INFLATION

The annual rate of inflation, based on monthly WPI, stood at 3.55% (provisional) for the month of July, 2016 (over July, 2015) as compared to 1.62% (provisional) for the previous month and -4.00% during the corresponding month of the previous year.  Build up inflation rate in the financial year so far was 4.91% compared to a build up rate of 0.85% 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 2.5 percent to 269.5 (provisional) from 262.8 (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 2.4 percent to 285.8 (provisional) from 279.0 (provisional) for the previous month due to higher price of gram (20%), fruits & vegetables (7%), egg (5%), maize (3%), barley (2%) and coffee,      beef & buffalo meat, jowar, wheat, urad, rice, masur and pork (1% each).  However, the price of poultry chicken (5%),      ragi (4%), moong, mutton, bajra and tea (2% each) and fish-inland and fish-marine (1% each) declined.

The index for ‘Non-Food Articles’ group rose by 2.3 percent to 236.6 (provisional) from 231.2 (provisional) for the previous month due to higher price of raw cotton (13%), guar seed (10%), castor seed and raw rubber (7% each),      linseed and cotton seed (5% each), raw wool and rape & mustard seed (3% each) and niger seed, safflower (kardi seed) and groundnut seed (1% each).  However, the price of gingelly seed (7%), flowers (5%), soyabean (4%), raw jute (2%) and mesta (1%) declined.

The index for ‘Minerals’ group rose by 5.0 percent to 208.9 (provisional) from 199.0 (provisional) for the previous month due to higher price of manganese ore (12%), crude petroleum (9%),  iron ore and copper ore (2% each).  However, the price of sillimanite (12%), zinc concentrate (4%), chromite (2%) and phosphorite (1%) declined.

FUEL & POWER (Weight 14.91%)

The index for this major group rose by 0.8 percent to 187.9 (provisional) from 186.5 (provisional) for the previous month due to higher price of non-coking coal (15%), aviation turbine fuel (7%) and furnace oil (5%).  However, the price of      petrol (3%) and bitumen (1%) declined.

MANUFACTURED PRODUCTS (Weight 64.97%)

The index for this major group rose by 0.3 percent to 156.4 (provisional) from 156.0 (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 189.2 (provisional) from 186.9 (provisional) for the previous month due to higher price of tea leaf (unblended) (8%), tea dust (unblended) (5%), wheat flour (atta) (4%), gur and sooji (rawa) (3% each), maida, groundnut oil, khandsari, sugar and tea dust (blended) (2% each) and ghee, mustard & rapeseed oil and oil cakes (1% each).  However, the price of coffee powder (5%) and copra oil, gola (cattle feed), vanaspati and sunflower oil (1% each) declined.

The index for ‘Textiles’ group rose by 0.4 percent to 141.5 (provisional) from 140.9 (provisional) for the previous month due to higher price of jute sacking cloth and cotton yarn (2% each) and man made fabric (1%).  However, the price of      gunny and hessian cloth (2%) declined.

The index for ‘Wood & Wood Products’ group declined by 0.3 percent to 196.1 (provisional) from 196.6 (provisional) for the previous month due to lower price of timber/wooden planks (2%) and processed wood (1%).  However, the price of  plywood & fibre board (1%) moved up.

The index for ‘Paper & Paper Products’ group rose by 0.5 percent to 156.7 (provisional) from 155.9 (provisional) for the previous month due to higher price of corrugated sheet boxes (3%), books/ periodicals/ journals (2%) and newsprint (1%).
However, the price of computer stationery (1%) declined.

The index for ‘Leather & Leather Products’ group rose by 0.5 percent to 146.3 (provisional) from 145.5 (provisional) for the previous month due to higher price of leathers (1%).

The index for ‘Rubber & Plastic Products’ group rose by 0.3 percent to 146.5 (provisional) from 146.1 (provisional) for the previous month due to higher price of tubes (5%) and rubber products (2%).

The index for ‘Chemicals & Chemical Products’ group rose by 0.1 percent to 151.1 (provisional) from 150.9 (provisional) for the previous month due to higher price of tooth paste / tooth powder (8%) and hair/body oils, photographic goods,  pesticides and basic inorganic chemicals (1% each).  However, the price of di ammonium phosphate and lacquer & varnishes (1% each) declined.

The index for ‘Non-Metallic Mineral Products’ group rose by  0.5 percent to 178.6 (provisional) from 177.7 (provisional) for the previous month due to higher price of marbles (4%) and glass bottles & bottleware, grey cement and lime (1% each).  However, the price of railway sleeper and asbestos corrugated sheet (2% each) declined.

The index for ‘Basic Metals, Alloys & Metal Products’ group declined by 0.6 percent to 153.0 (provisional) from 153.9 (provisional) for the previous month due to lower price of pig iron and melting scrap (5% each), billets (4%), wire rods   (3%), rounds, angles, CRC, sponge iron, ferro manganese, pencil  ingots, rebars, joist & beams, HRC and plates (2% each) and gp/gc sheets, pipes/tubes/rods/strips and sheets (1% each).  However, the price of silver (6%), steel rods (5%),     lead and steel structures (4% each), gold & gold ornaments (2%) and steel castings, pressure cooker, metal containers and zinc (1% each) moved up.

The index for ‘Transport, Equipment & Parts’ group rose by 0.1 percent to 139.6 (provisional) from 139.4 (provisional) for the previous month due to higher price of lamp (1%).

FINAL INDEX FOR THE MONTH OF MAY, 2016 (BASE YEAR: 2004-05=100)

For the month of May, 2016, the final Wholesale Price Index for ‘All Commodities’ (Base: 2004-05=100) stood at 180.2 as compared to 179.4 (provisional) and annual rate of inflation based on final index stood at 1.24 percent as compared to 0.79 percent (provisional) respectively as reported on 14.06.2016.


Next date of press release: 14/09/2016 for the month of August, 2016
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, 2016

						Month of July, 2016
Commodities/Major Groups/Groups/Sub-Groups	Weight	WPI July- 2016	Latest month over month			Build up from March		Year on year
			2015-16		2016-17	2015-16	2016-17	2015-16	2016-17
ALL COMMODITIES	100.00000	183.9	-0.84		1.04	0.85	4.91	-4.00	3.55
PRIMARY ARTICLES	20.11815	269.5	-1.08		2.55	3.10	9.51	-3.98	9.38
Food Articles	14.33709	285.8	-0.89		2.44	2.53	10.13	-1.20	11.82
Cereals	3.37323	248.0	0.30		0.98	0.26	2.78	-1.66	7.03
Rice	1.79348	247.4	0.21		0.90	1.76	3.64	-2.86	4.08
Wheat	1.11595	227.6	1.00		1.07	-1.21	-0.26	1.96	6.90
Pulses	0.71662	432.8	0.85		8.15	23.66	24.91	36.18	35.76
Vegetables	1.73553	323.2	-0.75		8.71	16.42	52.17	-24.43	28.05
Potato	0.20150	279.3	16.34		12.30	16.34	73.37	-48.87	58.78
Onion	0.17794	259.0	13.64		1.41	22.26	-5.34	-0.49	-36.29
Fruits	2.10717	275.3	-4.67		5.52	-3.73	15.92	-4.52	17.30
Milk	3.23818	258.4	0.16		0.16	1.21	1.77	5.30	3.24
Egg, Meat & Fish	2.41384	301.4	-2.06		-1.31	-3.34	0.20	2.52	7.49
Non-Food Articles	4.25756	236.6	-1.19		2.34	6.66	7.64	-0.51	9.49
Fibres	0.87737	261.0	-0.81		9.30	7.19	24.94	-10.88	25.90
Oil Seeds	1.78051	224.8	-2.33		0.31	4.45	6.24	-0.23	5.29
Minerals	1.52350	208.9	-2.95		4.97	0.16	8.29	-29.83	-14.28
FUEL & POWER	14.91021	187.9	-1.91		0.75	0.96	8.99	-11.56	-1.00
Liquefied petroleum gas	0.91468	160.7	0.06		-0.31	0.12	0.37	-4.90	-1.35
Petrol	1.09015	160.3	-1.76		-3.43	8.24	7.73	-11.14	-10.30
High speed diesel	4.67020	214.0	-5.28		-0.19	-1.18	16.75	-15.91	6.57
MANUFACTURED PRODUCTS	64.97164	156.4	-0.39		0.26	-0.19	1.49	-1.54	1.82
Food Products	9.97396	189.2	-0.46		1.23	0.94	5.35	-1.94	10.19
Sugar	1.73731	212.0	-2.79		2.02	-8.19	11.40	-17.63	32.33
Edible Oils	3.04293	154.5	-0.60		0.13	2.42	3.21	1.37	4.18
Beverages, Tobacco & Tobacco Product	1.76247	220.7	0.10		0.00	1.48	4.20	3.15	7.03
Cotton Textiles	2.60526	159.9	-0.88		0.88	-0.13	2.63	-5.29	1.52
Man Made Textiles	2.20573	128.7	-0.37		0.23	0.60	-0.31	-2.63	-3.52
Wood & Wood Products	0.58744	196.1	0.20		-0.25	3.90	-0.46	6.14	-0.51
Paper & Paper Products	2.03350	156.7	0.33		0.51	0.59	0.58	2.67	1.89
Leather & Leather Products	0.83509	146.3	0.48		0.55	1.97	0.34	-1.89	0.83
Rubber & Plastic Products	2.98697	146.5	-0.27		0.27	0.61	0.83	-0.93	-1.81
Chemicals & Chemical Products	12.01770	151.1	-0.07		0.13	0.33	1.00	-1.69	-0.20
Non-Metallic Mineral Products	2.55597	178.6	-0.79		0.51	-1.85	0.11	3.48	1.82
Cement & Lime	1.38646	176.0	-1.90		0.69	-4.11	0.17	2.47	3.29
Basic Metals Alloys & Metal Product	10.74785	153.0	-1.32		-0.58	-3.27	-0.26	-6.28	-2.30
Iron & Semis	1.56301	131.7	-1.44		-2.80	-3.56	-3.37	-10.64	-8.29
Machinery & Machine Tools	8.93148	135.3	-0.07		0.00	0.07	0.15	0.30	0.15
Transport Equipment & Parts	5.21282	139.6	0.07		0.14	0.36	0.43	1.25	1.31

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
		July-16	June-16	May-16	Apr-16	Mar-16	Feb-16
ALL COMMODITIES	100.00	3.55	1.62	1.24	0.79	-0.45	-0.85
PRIMARY ARTICLES	20.12	9.38	5.50	5.49	3.41	2.97	2.03
Food Articles	14.34	11.82	8.18	8.24	4.70	4.09	3.91
Cereals	3.37	7.03	6.32	5.90	4.24	4.41	3.30
Rice	1.79	4.08	3.37	3.16	1.75	2.18	-0.08
Wheat	1.12	6.90	6.83	6.85	5.00	5.89	6.03
Pulses	0.72	35.76	26.61	35.80	36.55	34.41	38.37
Vegetables	1.74	28.05	16.91	13.35	2.90	-2.03	-2.94
Potato	0.20	58.78	64.48	63.82	40.84	6.55	-7.39
Onion	0.18	-36.29	-28.60	-21.70	-17.89	-17.71	-10.20
Fruits	2.11	17.30	5.97	3.88	-1.81	-2.58	-1.66
Milk	3.24	3.24	3.24	2.36	2.83	2.67	1.74
Egg, Meat & Fish	2.41	7.49	6.67	9.72	3.27	3.69	3.40
Non-Food Articles	4.26	9.49	5.72	4.71	7.26	8.49	7.09
Fibres	0.88	25.90	14.26	5.55	5.17	8.01	10.17
Oil Seeds	1.78	5.29	2.52	3.33	6.07	3.52	3.46
Minerals	1.52	-14.28	-20.75	-18.09	-18.69	-20.72	-27.65
FUEL & POWER	14.91	-1.00	-3.62	-5.83	-4.83	-8.30	-7.06
Liquefied petroleum gas	0.91	-1.35	-0.98	-1.59	-1.84	-1.60	-0.37
Petrol	1.09	-10.30	-8.74	-10.69	-4.18	-9.87	-1.03
High speed diesel	4.67	6.57	1.13	-4.34	-3.94	-9.79	-7.75
MANUFACTURED PRODUCTS	64.97	1.82	1.17	1.17	1.04	0.13	-0.52
Food Products	9.97	10.19	8.35	7.72	8.72	5.58	4.34
Sugar	1.74	32.33	26.09	22.42	17.34	9.05	5.23
Edible Oils	3.04	4.18	3.42	4.01	5.41	3.38	2.40
Beverages, Tobacco & Tobacco Product	1.76	7.03	7.14	7.09	7.23	4.23	2.91
Cotton Textiles	2.61	1.52	-0.25	0.00	-0.44	-1.20	-1.27
Man Made Textiles	2.21	-3.52	-4.11	-4.03	-2.79	-2.64	-2.34
Wood & Wood Products	0.59	-0.51	-0.05	1.42	2.97	3.85	3.80
Paper & Paper Products	2.03	1.89	1.70	1.63	1.37	1.90	2.64
Leather & Leather Products	0.84	0.83	0.76	1.53	2.31	2.46	2.96
Rubber & Plastic Products	2.99	-1.81	-2.34	-2.08	-1.75	-2.02	-1.89
Chemicals & Chemical Products	12.02	-0.20	-0.40	-0.33	-0.66	-0.86	-0.73
Non-Metallic Mineral Products	2.56	1.82	0.51	0.74	0.17	-0.17	0.62
Cement & Lime	1.39	3.29	0.63	0.64	0.11	-1.13	-0.92
Basic Metals Alloys & Metal Product	10.75	-2.30	-3.02	-3.00	-4.46	-5.25	-7.89
Iron & Semis	1.56	-8.29	-7.00	-6.43	-8.53	-8.46	-12.82
Machinery & Machine Tools	8.93	0.15	0.07	0.30	0.52	0.07	-0.15
Transport Equipment & Parts	5.21	1.31	1.23	1.38	1.38	1.24	1.39