Index Numbers of Wholesale Price in India (Base: 2011-12=100)
Review for the month of April, 2017
Review for the month of April, 2017
The
official Wholesale Price Index for ‘All Commodities’ (Base: 2011-12=100) for
the month of April, 2017 declined by 0.2 percent to 113.2 (provisional) from 113.4
(provisional) for the previous month.
INFLATION
The
annual rate of inflation, based on monthly WPI, stood at 3.85% (provisional)
for the month of April,2017 (over April,2016) as compared to 5.29%
(provisional) for the previous month and -1.09% during the corresponding month
of the previous year. Build up inflation rate in the financial year so far was
-0.18% compared to a build up rate of 1.21% 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 22.62%)
The
index for this major group rose by 0.4 percent to 128.4 (provisional) from
127.9 (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 0.6 percent to 139.4 (provisional) from
138.5 (provisional) for the previous month due to higher price of beef and buffalo
meat (11%), tea (11%), peas/chawali (8%), moong (5%), fruits & vegetables, poultry
chicken and pork (2% each) and masur, arhar, bajra, gram and milk (1% each).
However, the price of barley (8%), betel leaves (7%), egg (6%), ragi (2%) and wheat,
urad and condiments & spices (1% each) declined.
The
index for ‘Non-Food Articles’ group declined by 0.3 percent to 121.2
(provisional) from 121.6 (provisional) for the previous month due to lower
price of raw jute (10%), rape & mustard seed (4%), raw rubber and floriculture
(3% each), raw cotton and sunflower (2% each) and cotton seed (1%). However,
the prices of castor seed (9%), copra (coconut) (5%), guar seed (4%), raw silk,
groundnut seed and soyabean (2% each) and mesta, safflower (Kardi Seed), fodder
and gingelly seed (1% each) moved up.
FUEL & POWER (Weight 13.15%)
The
index for this major group declined by 1.9 percent to 92.8 (provisional) from
94.6 (provisional) for the previous month due to lower price of naphtha and
furnace oil (7% each), aviation turbine fuel (ATF) (5%), petrol (4%), high
speed diesel (HSD) and bitumen (3% each), kerosene (2%) and LPG (1%). However,
the prices of coking coal (1%) and petroleum coke (3%) moved up.
MANUFACTURED PRODUCTS
(Weight 64.23%)
The
index for this major group remained unchanged at its previous month level of 112.1
(provisional). The groups and items for which the index showed variations
during the month are as follows:-
The
index for ‘Manufacture of Food Products’ group declined by 0.1 percent to 127.3
(provisional) from 127.4 (provisional) for the previous month due to lower
prices of molasses, soyabean oil, spices (including mixed spices), maida, gram
powder (besan) and sunflower oil (1% each). However,
the price of salt (2%) and mustard oil, powder milk, basmati rice, gur, bagasse
and castor oil (1% each) moved up.
The
index for ‘Manufacture of Beverages’ group rose by 0.1 percent to 117.2
(provisional) from 117.1 (provisional) for the previous month due to marginally
increase price of bottled mineral water.
The
index for ‘Manufacture of Tobacco Products’ group declined by 0.1 percent to
145.7 (provisional) from 145.9 (provisional) for the previous month due to lower
price of other tobacco products (3%). However, the price of biri and cigarette
(2% each) moved up.
The
index for ‘Manufacture of Textiles’ group rose by 0.2 percent to 113.3
(provisional) from 113.1 (provisional) for the previous month due to higher
price of fabric, polyethylene, bed linen/bed spread and cotton dyed/printed
textile (1% each). However, the prices of woolen woven cloth, terry towel and
carpets and other floor coverings of textiles (1% each) declined.
The
index for ‘Manufacture of Wearing Apparel’ group rose by 0.6 percent to 134.1
(provisional) from 133.3 (provisional) for the previous month due to higher
price of manufacture of wearing apparel (woven), except fur apparel (1%).
The
index for ‘Manufacture of Leather and Related Products’ group rose by 0.2 percent
to 120.2 (provisional) from 120.0 (provisional) for the previous month due to
higher price of waterproof footwear and canvas shoes (2% each) and gloves of
leather (1%).
The
index for ‘Manufacture of Wood and Products of Wood and Cork’ group rose by 0.3
percent to 131.3 (provisional) from 130.9 (provisional) for the previous month
due to higher price of wooden panel, lamination wooden sheets/veneer sheets (1%
each).
The
index for ‘Printing and Reproduction of Recorded Media’ group declined by 0.4 percent
to 142.7 (provisional) from 143.3 (provisional) for the previous month due to
lower price of hologram (3D) (17%) and printed form & schedule, printed
labels/posters/calendars and newspaper (1% each).
The
index for ‘Manufacture of Chemicals and Chemical Products’ group declined by 0.2
percent to 111.4 (provisional) from 111.6 (provisional) for the previous month
due to lower price of poly propylene (PP) (4%), mono ethyl glycol and oleoresin
(3% each), insecticide and pesticide and phthalic anhydride (2% each) and polyester
film (metalized), explosive, safety matches (match box), poly vinyl chloride
(PVC), liquid air & other gaseous products, sodium silicate, plasticizer, ethylene
oxide, organic solvent and catalysts (1% each). However, the price of XLPE
Compound, adhesive tape (non-medicinal) and hydrogen peroxide (2% each) and ammonia
gas, ammonium phosphate, camphor, sulphuric acid, powder coating material, acrylic
fibre, agro chemical formulation, paint and shampoo (1% each) moved up.
The
index for ‘Manufacture of Pharmaceuticals, Medicinal Chemical and Botanical
Products’ group rose by 0.1 percent to 121 (provisional) from 120.9
(provisional) for the previous month due to higher price of ayurvedic
medicaments and digestive enzymes and antacids (1% each), However, the price
of Antipyretic, analgesic, anti-inflammatory formulations(1%) declined.
The
index for ‘Manufacture of other Non-Metallic Mineral Products’ group rose by 0.1
percent to 109.3 (provisional) from 109.2 (provisional) for the previous month
due to higher price of porcelain crockery (1%). However, the price of marble slab
(2%) declined.
The
index for ‘Manufacture of Basic Metals’ group rose by 0.1 percent to 94.9
(provisional) from 94.8 (provisional) for the previous month due to higher
price of aluminium powder (2%) and MS bright bars, stainless steel bars &
rods, including flats, aluminium castings, lead ingots, bars, blocks plates
and MS castings (1% each). However, the price of brass metal/sheet/coils, copper
metal/copper rings and copper shapes-bars/rods/plates/strips (1% each)
declined.
The
index for ‘Manufacture of Fabricated Metal Products, Except Machinery and
Equipment’ group declined by 0.6 percent to 106.9 (provisional) from 107.5
(provisional) for the previous month due to lower of electrical stamping- laminated
or otherwise (8%), stainless steel razor (2%) and steel drums and barrels, steel
container and steel door (1% each). However, the price of jigs &
fixture (1%) moved up.
The
index for ‘Manufacture of Computer, Electronic and Optical Products’ group rose
by 0.1 percent to 108.5 (provisional) from 108.4 (provisional) for the previous
month due to higher price of microscope (5%) and watch (1%).
The
index for ‘Manufacture of Electrical Equipment’ group rose by 0.1 percent to
108.5 (provisional) from 108.4 (provisional) for the previous month due to
higher price of PVC insulated cable and light fitting accessories (2% each) and
aluminium/alloy conductor, air coolers, fluorescent tube, electrical
relay/conductor, generator parts, batteries and electric mixers/grinders/food
processors (1% each), However, the price of microwave oven and connector/plug/socket/holder-electric
(3% each), rubber insulated cables (2%) and electric filament type lamps, ACSR conductors
and insulating & flexible wire (1% each) declined.
The
index for ‘Manufacture of Machinery and Equipment’ group rose by 0.1 percent to
108.4 (provisional) from 108.3 (provisional) for the previous month due to
higher price of pressure vessel and tank for fermentation & other food
processing (3%) and evaporator, soil preparation & cultivation machinery
(other than tractors), sugar machinery, chillers and pharmaceutical machinery (1%
each). However, the price of solar power system (solar panel & attachable
equipment) (3%) and filtration equipment, hydraulic pump and threshers (1% each)
declined.
The
index for ‘Manufacture of Other Transport Equipment’ group declined by 1.6 percent
to 108.1 (provisional) from 109.9 (provisional) for the previous month due to lower
price of motor cycles (3%).
The
index for ‘Manufacture of Furniture’ group rose by 0.2 percent to 117.3
(provisional) from 117.1 (provisional) for the previous month due to marginally
increase in the price of plastic fixtures.
WPI
FOOD INDEX (Weight 24.38%)
The
rate of inflation based on WPI Food Index consisting of ‘Food Articles’ from
Primary Articles group and ‘Food Product’ from Manufactured Products group
decreased from 5.50% in March, 2017 to 2.90% in April, 2017.
FINAL
INDEX FOR THE MONTH OF FEBRUARY, 2017 (BASE
YEAR: 2004-05=100)
For
the month of February, 2017, the final Wholesale Price Index for ‘All
Commodities’ (Base: 2004-05=100) and annual rate of inflation remained
unchanged at its provisional level of 185.5 and 6.55 percent respectively as
reported on 14.02.2017.
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