Index Numbers of Wholesale Price in India (Base: 2004-05=100) Review for the month of December, 2016
Index Numbers of Wholesale Price in India (Base: 2004-05=100)
Review for the month of December, 2016
The official
Wholesale Price Index for ‘All Commodities’ (Base: 2004-05=100) for the month
of December, 2016 declined by 0.2 percent to 182.8 (provisional) from 183.1 (provisional)
for the previous month.
INFLATION
The annual rate
of inflation, based on monthly WPI, stood at 3.39% (provisional) for the month
of December, 2016 (over December, 2015) as compared to 3.15% (provisional) for
the previous month and -1.06% during the corresponding month of the previous
year. Build up inflation rate in the financial year so far was 4.28% compared
to a build up rate of 0.40% 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 1.2 percent to 256.3 (provisional) from 259.4
(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 2.2 percent to 270.1 (provisional) from 276.1
(provisional) for the previous month due to lower price of fruits &
vegetables (9%), arhar (6%), masur and urad (5% each), moong (4%), gram
(2%) and poultry chicken (1%). However, the price of ragi (4%), jowar and wheat
(3% each), bajra (2%) and egg, barley, pork, condiments & spices, tea and
fish-inland (1% each) moved up.
The index for ‘Non-Food
Articles’ group rose by 1.9 percent to 225.6 (provisional) from 221.4
(provisional) for the previous month due to higher price of flowers (10%), raw
rubber (9%), copra (coconut) and groundnut seed (6% each), raw silk (5%),
gingelly seed and raw cotton (2% each) and soyabean, sugarcane and safflower
(kardi seed) (1% each). However, the price of raw jute (4%), sunflower (3%),
rape & mustard seed (2%) and coir fibre, niger seed, linseed and raw wool
(1% each) declined.
The index for ‘Minerals’
group rose by 2.8 percent to 213.3 (provisional) from 207.4 (provisional) for
the previous month due to higher price of magnesite and sillimanite (15% each),
manganese ore (11%), iron ore (7%), phosphorite and crude petroleum (4% each)
and chromite (1%). However, the price of copper ore (8%) declined.
FUEL
& POWER (Weight 14.91%)
The index for
this major group rose by 0.7 percent to 192.1 (provisional) from 190.7
(provisional) for the previous month due to higher price of furnace oil (5%),
kerosene, petrol and LPG (2% each) and high speed diesel (1%). However, the
price of aviation turbine fuel (4%) and bitumen (2%) declined.
MANUFACTURED
PRODUCTS (Weight 64.97%)
The index for
this major group rose by 0.1 percent to 158.0 (provisional) from 157.9
(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 declined by 0.2 percent to 193.7 (provisional) from 194.0
(provisional) for the previous month due to lower price of tea leaf (blended),
coffee powder and gur (5% each), oil cakes (3%), processed prawn (2%) and
maida, tea leaf (unblended), sugar, gingelly oil, tea dust (blended), mustard
& rapeseed oil, sunflower oil and tea dust (unblended) (1% each). However,
the price of gram powder (besan) (14%), groundnut oil, copra oil, gola (cattle
feed) and wheat flour (atta) (2% each) and ghee, rice bran oil, bakery
products, soyabean oil, palm oil and sooji (rawa) (1% each) moved up.
The index for ‘Beverages,
Tobacco & Tobacco Products’ group rose by 0.1 percent to 221.9
(provisional) from 221.6 (provisional) for the previous month due to higher
price of dried tobacco (4%). However, the price of rectified spirit (1%) declined.
The index for ‘Textiles’
group declined by 0.1 percent to 141.6 (provisional) from 141.8 (provisional)
for the previous month due to lower price of jute sacking bag (5%), jute
sacking cloth (2%) and tyre cord fabric (1%). However, the price of gunny and
hessian cloth (3%) and man made fabric (1%) moved up.
The index for ‘Wood
& Wood Products’ group declined by 2.0 percent to 193.7 (provisional) from
197.6 (provisional) for the previous month due to lower price of timber /
wooden planks and plywood & fibre board (2% each) and processed wood (1%).
The index for ‘Paper
& Paper Products’ group rose by 0.4 percent to 157.0 (provisional) from
156.4 (provisional) for the previous month due to higher price of printing and
writing paper (3%) and paper rolls, cream laid woven paper and maplitho paper
(1%each). However, the price of corrugated sheet boxes and newsprint (1% each)
declined.
The index for ‘Leather
& Leather Products’ group declined by 0.7 percent to 146.1 (provisional)
from 147.1 (provisional) for the previous month due to lower price of leathers
(3%).
The index for ‘Chemicals
& Chemical Products’ group declined by 0.1 percent to 150.7 (provisional)
from 150.8 (provisional) for the previous month due to lower price of di
ammonium phosphate and turpentine oil (3%each) and ammonium sulphate,
non-cyclic compound and rubber chemicals (1% each). However, the price of
synthetic resin, lacquer & varnishes and basic organic chemicals (1%
each) moved up.
The index for ‘Non-Metallic
Mineral Products’ group declined by 0.3 percent to 179.3 (provisional) from
179.9 (provisional) for the previous month due to lower price of asbestos
corrugated sheet (2%) and grey cement (1%). However, the price of marbles (6%)
and white cement (1%) moved up.
The index for
'Basic Metals, Alloys & Metal Products' group rose by 0.8 percent to 157.6
(provisional) from 156.3 (provisional) for the previous month due to higher
price of ferro chrome (13%), plates and gp/gc sheets (5% each), lead (4%), CRC
and HRC (3% each), wire rods, steel castings, sheets, joist & beams and rounds
(2% each) and angles, rebars, steel rods, steel: pipes & tubes, pencil
ingots, melting scrap, aluminium and ferro silicon (1% each). However, the
price of gold & gold ornaments (4%), silver and pipes/tubes/rods/strips (2%
each) and pig iron, billets and iron castings (1% each) declined.
The index for ‘Machinery
& Machine Tools’ group rose by 0.1 percent to 135.5 (provisional) from
135.4 (provisional) for the previous month due to higher price of pvc insulated
cable and fibre optic cable (1% each). However, the price of ball/roller
bearing (2%) and engines (1%) declined.
The index for ‘Transport,
Equipment & Parts’ group rose by 0.1 percent to 140.0 (provisional) from
139.9 (provisional) for the previous month due to higher price of auto rickshaw
/ tempo / matador (2%).
FINAL INDEX FOR
THE MONTH OF OCTOBER, 2016 (BASE YEAR: 2004-05=100)
For the month of
October, 2016, the final Wholesale Price Index for ‘All Commodities’ (Base:
2004-05=100) stood at 183.6 as compared to 182.9 (provisional) and annual rate
of inflation based on final index stood at 3.79 percent as compared to 3.39 percent
(provisional) respectively as reported on 14.11.2016.
Next date of
press release: 14/02/2017 for the month of January, 2017
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)
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Annexure-II
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Trend
of Rate of Inflation for some important items during last six months
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Commodities/Major
Groups/Groups/Sub-Groups
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Weight
(%)
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Rate
of Inflation for the last six months
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Dec-16
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Nov-16
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Oct-16
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Sept-16
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Aug-16
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July-16
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100.00
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3.39
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3.15
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3.79
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3.80
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3.85
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3.72
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PRIMARY ARTICLES
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20.12
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0.27
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1.25
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4.18
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5.36
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7.75
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9.74
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Food Articles
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14.34
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-0.70
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1.54
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4.79
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6.39
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8.87
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12.60
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Cereals
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3.37
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7.49
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7.32
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8.34
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9.07
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9.51
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9.19
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Rice
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1.79
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4.38
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4.80
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7.04
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7.10
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7.38
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6.82
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Wheat
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1.12
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12.82
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10.71
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9.17
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9.97
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10.34
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9.82
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Pulses
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0.72
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18.12
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21.73
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22.02
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23.99
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34.24
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38.33
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Vegetables
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1.74
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-33.11
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-24.10
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-10.01
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-10.91
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0.23
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28.45
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Potato
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0.20
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26.42
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36.97
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60.58
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73.60
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67.17
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62.14
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Onion
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0.18
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-37.20
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-51.51
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-66.06
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-70.59
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-64.19
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-36.29
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Fruits
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2.11
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0.04
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2.45
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6.03
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14.14
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13.91
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17.38
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Milk
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3.24
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4.11
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4.19
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4.35
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4.43
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4.20
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3.76
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Egg, Meat & Fish
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2.41
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2.73
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5.82
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6.20
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7.44
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8.75
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7.52
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Non-Food Articles
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4.26
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0.62
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-0.14
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2.49
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4.67
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8.72
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9.53
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Fibres
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0.88
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11.88
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14.05
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17.91
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19.32
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25.13
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26.34
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Oil Seeds
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1.78
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-3.30
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-5.05
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-3.15
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2.25
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7.21
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5.57
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Minerals
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1.52
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12.86
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1.12
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1.39
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-3.79
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-7.37
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-17.56
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FUEL & POWER
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14.91
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8.65
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7.07
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6.24
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5.64
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1.62
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-1.00
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Liquefied petroleum gas
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0.91
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2.09
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1.80
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0.94
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-0.74
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-1.85
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-1.35
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Petrol
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1.09
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8.52
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5.54
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3.57
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1.25
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-8.65
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-10.30
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High speed diesel
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4.67
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20.25
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19.26
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19.32
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19.08
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12.15
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6.57
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MANUFACTURED PRODUCTS
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64.97
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3.67
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3.20
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2.94
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2.54
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2.48
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1.95
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Food Products
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9.97
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10.75
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10.73
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10.93
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11.38
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11.93
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10.72
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Sugar
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1.74
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28.04
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31.76
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30.94
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32.86
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35.36
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32.96
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Edible Oils
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3.04
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4.87
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3.98
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4.46
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6.14
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6.51
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4.92
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Beverages, Tobacco &
Tobacco Product
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1.76
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7.67
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7.36
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7.67
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7.67
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7.72
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6.89
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Cotton Textiles
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2.61
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3.68
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3.74
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3.59
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3.20
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2.29
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1.97
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Man Made Textiles
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2.21
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0.00
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-0.54
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-0.84
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-1.06
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-2.41
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-3.30
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Wood & Wood Products
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0.59
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-0.82
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0.56
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0.41
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3.30
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3.04
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0.20
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Paper & Paper Products
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2.03
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1.29
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1.10
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0.97
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1.10
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1.49
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1.50
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Leather & Leather Products
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0.84
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1.04
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1.87
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1.87
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0.07
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0.55
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0.48
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Rubber & Plastic Products
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2.99
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1.99
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1.44
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1.02
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0.61
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-0.34
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-1.07
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Chemicals & Chemical
Products
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12.02
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0.60
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0.47
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0.13
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-0.07
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-0.33
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-0.26
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Non-Metallic Mineral Products
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2.56
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0.56
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0.39
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1.92
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1.64
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2.22
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2.68
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Cement & Lime
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1.39
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0.11
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0.17
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2.54
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1.95
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3.61
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4.23
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Basic Metals Alloys & Metal
Product
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10.75
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5.42
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2.90
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1.23
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-0.90
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-1.49
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-2.43
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Iron & Semis
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1.56
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4.71
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2.00
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-0.36
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-6.26
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-6.88
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-8.57
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Machinery & Machine Tools
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8.93
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0.44
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0.37
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0.37
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0.22
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0.22
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0.15
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Transport Equipment & Parts
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5.21
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1.45
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1.30
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1.45
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1.60
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1.60
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1.31
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