Index Numbers of Wholesale Price in India (Base: 2004-05=100) Review for the month of February, 2017
Index Numbers of Wholesale Price in India (Base: 2004-05=100)
Review for the month of February, 2017
The official Wholesale Price
Index for ‘All Commodities’ (Base: 2004-05=100) for the month of February, 2017
rose by 0.5 percent to 185.5 (provisional) from 184.6 (provisional) for the
previous month.
INFLATION
The annual rate of inflation, based on
monthly WPI, stood at 6.55% (provisional) for the month of February, 2017 (over
February, 2016) as compared to 5.25% (provisional) for the previous month and -0.85%
during the corresponding month of the previous year. Build up inflation rate
in the financial year so far was 5.82% compared to a build up rate of -1.14% 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
0.9 percent to 258.1 (provisional) from 255.7 (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 0.1 percent to 267.5 (provisional) from 267.2 (provisional) for the
previous month due to higher price of fruits & vegetables (5%), jowar and
poultry chicken (2% each) and rice, bajra, fish-inland, ragi and beef
& buffalo meat (1% each). However, the price of gram (14%), arhar (7%),
condiments & spices (6%), urad (5%), tea and masur (3% each), egg,
moong and maize (2% each) and wheat and coffee (1% each) declined.
The index for ‘Non-Food Articles’
group rose by 1.5 percent to 234.8 (provisional) from 231.3 (provisional) for
the previous month due to higher price of flowers (13%), copra (coconut) (9%),
raw rubber (8%), raw silk (4%), raw cotton (3%), gingelly seed (2%) and coir
fibre, fodder, safflower (kardi seed), niger seed and cotton seed (1% each). However,
the price of linseed, rape & mustard seed, soyabean and mesta (2% each) and
sunflower, raw wool, groundnut seed, hides (raw) and castor seed (1% each)
declined.
The index for ‘Minerals’ group rose by
9.0 percent to 234.8 (provisional) from 215.5 (provisional) for the previous
month due to higher price of manganese ore (24%), crude petroleum (13%), copper
ore (11%), chromite (8%), iron ore (3 %) and zinc concentrate (2%). However,
the price of sillimanite (11%) declined.
FUEL & POWER (Weight
14.91%)
The index for this major group rose by
1.3 percent to 203.8 (provisional) from 201.2 (provisional) for the previous
month due to higher price of coking coal (15%), aviation turbine fuel (3%),
bitumen (2%) and kerosene, high speed diesel, LPG and lignite (1% each). However,
the price of furnace oil (1%) declined.
MANUFACTURED PRODUCTS
(Weight 64.97%)
The index for this major group remained
unchanged at its previous month’s level of 158.8 (provisional). The groups and
items for which the index showed variations during the month are as follows:-
The index for ‘ Beverages, Tobacco &
Tobacco Products ‘ group declined by 0.2 percent to 221.5 (provisional) from
221.9 (provisional) for the previous month due to lower price of zarda (7%) and
beer (3%). However, the price of soft drinks & carbonated water and rectified
spirit (1% each) moved up.
The index for ‘ Textiles ‘ group rose by
0.2 percent to 142.6 (provisional) from 142.3 (provisional) for the previous
month due to higher price of tyre cord fabric (4%) and man made fabric (2%). However,
the price of jute sacking cloth and jute sacking bag (1% each) declined.
The index for ‘Wood & Wood Products’
group declined by 0.4 percent to 191.8 (provisional) from 192.6 (provisional)
for the previous month due to lower price of plywood & fibre board (1%).
The index for ‘Leather & Leather
Products’ group declined by 0.3 percent to 145.1 (provisional) from 145.5
(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 rose by 0.2 percent to 148.9 (provisional) from 148.6
(provisional) for the previous month due to higher price of rubber products
(1%).
The index for ‘Chemicals & Chemical
Products’ group rose by 0.4 percent to 151.5 (provisional) from 150.9
(provisional) for the previous month due to higher price of non-cyclic compound
(4%), turpentine oil (3%) and basic organic chemicals, synthetic resin,
explosives, ayurvedic medicines and toilet soap (1% each). However, the price
of rubber chemicals and pesticides (1% each) declined.
The index for ‘Non-Metallic Mineral
Products ‘ group rose by 0.1 percent to 178.8 (provisional) from 178.6
(provisional) for the previous month due to higher price of railway sleeper
(3%) and grey cement (1%). However, the price of glass bottles &
bottleware and marbles (1% each) declined.
The index for ‘Basic Metals, Alloys
& Metal Products’ group declined by 0.5 percent to 160.4 (provisional)
from 161.2 (provisional) for the previous month due to lower price of pig iron
(5%), pipes/tubes/rods/strips, gp/gc sheets and wire rods (3% each), pencil
ingots and HRC (2% each) and rounds, angles, sheets, CRC and rebars (1% each).
However, the price of ferro chrome (7 %) and steel castings, gold & gold
ornaments, pressure cooker, silver, iron & steel wire, steel: pipes &
tubes, ferro silicon and aluminium (1% each) moved up.
The index for ‘Transport, Equipment
& Parts’ group rose by 0.5 percent to 140.5 (provisional) from 139.8
(provisional) for the previous month due to higher price of auto rickshaw /
tempo / matador (4%) and auto parts (1%).
FINAL INDEX FOR THE MONTH OF DECEMBER,
2016 (BASE YEAR: 2004-05=100)
For the month of December, 2016, the
final Wholesale Price Index for ‘All Commodities’ (Base: 2004-05=100) stood at
183.3 as compared to 182.8 (provisional) and annual rate of inflation based on
final index stood at 3.68 percent as compared to 3.39 percent (provisional) respectively
as reported on 16.01.2017.
Next date of press release: 17/04/2017
for the month of March, 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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Feb-17
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Jan-17
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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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100.00
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6.55
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5.25
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3.68
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3.38
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3.79
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3.80
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PRIMARY
ARTICLES
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20.12
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5.00
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1.27
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0.90
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1.95
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4.18
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5.36
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Food
Articles
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14.34
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2.69
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-0.56
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-0.77
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2.10
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4.79
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6.39
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Cereals
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3.37
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6.09
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5.94
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9.67
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9.61
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8.34
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9.07
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Rice
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1.79
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4.40
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2.97
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6.87
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7.29
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7.04
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7.10
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Wheat
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1.12
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8.36
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9.49
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15.78
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13.83
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9.17
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9.97
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Pulses
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0.72
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-0.79
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6.21
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17.78
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21.78
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22.02
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23.99
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Vegetables
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1.74
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-8.05
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-32.32
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-34.89
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-23.74
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-10.01
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-10.91
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Potato
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0.20
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-8.84
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-0.20
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11.51
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36.82
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60.58
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73.60
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Onion
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0.18
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-18.85
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-28.86
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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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Fruits
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2.11
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7.14
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3.58
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-1.50
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2.41
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6.03
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14.14
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Milk
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3.24
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3.93
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4.19
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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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Egg, Meat
& Fish
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2.41
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3.79
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3.59
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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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Non-Food
Articles
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4.26
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6.53
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1.98
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0.54
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0.00
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2.49
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4.67
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Fibres
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0.88
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19.45
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15.18
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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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Oil Seeds
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1.78
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0.72
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-1.72
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-3.53
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-5.05
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-3.15
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2.25
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Minerals
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1.52
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31.03
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25.44
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24.76
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5.85
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1.39
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-3.79
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FUEL &
POWER
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14.91
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21.02
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18.14
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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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Liquefied
petroleum gas
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0.91
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4.32
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1.52
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2.09
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1.87
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0.94
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-0.74
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Petrol
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1.09
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16.72
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15.66
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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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High speed
diesel
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4.67
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33.14
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31.10
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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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MANUFACTURED
PRODUCTS
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64.97
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3.66
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3.99
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3.81
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3.14
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2.94
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2.54
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Food
Products
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9.97
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9.27
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10.07
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10.92
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10.73
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10.93
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11.38
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Sugar
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1.74
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21.22
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22.83
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28.10
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32.00
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30.94
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32.86
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Edible Oils
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3.04
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5.70
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6.25
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5.60
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3.85
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4.46
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6.14
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Beverages,
Tobacco & Tobacco Product
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1.76
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6.18
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7.67
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7.71
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7.56
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7.67
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7.67
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Cotton
Textiles
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2.61
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4.04
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4.51
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4.45
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3.48
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3.59
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3.20
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Man Made
Textiles
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2.21
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1.24
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0.70
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-0.39
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-0.92
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-0.84
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-1.06
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Wood &
Wood Products
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0.59
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-2.49
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-1.68
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-0.67
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-0.25
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0.41
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3.30
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Paper &
Paper Products
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2.03
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1.48
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1.41
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1.68
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1.81
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0.97
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1.10
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Leather
& Leather Products
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0.84
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-0.75
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0.28
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0.90
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1.45
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1.87
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0.07
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Rubber
& Plastic Products
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2.99
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2.62
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2.27
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1.92
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1.44
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1.02
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0.61
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Chemicals
& Chemical Products
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12.02
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1.34
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0.94
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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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Non-Metallic
Mineral Products
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2.56
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0.85
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0.28
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0.22
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0.06
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1.92
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1.64
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Cement
& Lime
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1.39
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1.62
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0.46
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-0.06
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-0.91
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2.54
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1.95
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Basic
Metals Alloys & Metal Product
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10.75
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6.44
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7.97
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5.95
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3.03
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1.23
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-0.90
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Iron &
Semis
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1.56
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6.67
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8.38
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5.17
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1.63
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-0.36
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-6.26
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Machinery
& Machine Tools
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8.93
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0.30
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0.52
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0.52
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0.44
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0.37
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0.22
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Transport
Equipment & Parts
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5.21
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1.08
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0.65
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1.38
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1.30
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1.45
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1.60
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