Food inflation zoomed to 18.18% from 11.91% on month-on-month basis
The August WPI (wholesale price index) stood at 6.1% as against 5.79% in July.
The inflation for manufactured products for the month of August declined 1.9% from 2.81% in July. In the same period, food inflation zoomed to 18.18% from 11.91% on month-on-month basis.
The primary articles inflation stood increased to 11.72% in August from 8.99% in July, whereas inflation for fuel and power rose marginally to 11.34% from 11.31% in July.
The official Wholesale Price Index for ‘All Commodities’ (Base: 2004-05 = 100) for the month of August, 2013 rose by 1.7% to 177.5 (provisional) from 175.4 (provisional) for the previous month.
Inflation
The annual rate of inflation, based on monthly WPI, stood at 6.10% (provisional) for the month of August, 2013 (over August, 2012) as compared to 5.79% (provisional) for the previous month and 8.01% during the corresponding month of the previous year. Build up inflation rate in the financial year so far was 3.91% compared to a build up rate of 4.35% 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 3.8% to 247.8 (provisional) from 238.8 (provisional) for the previous month. The groups and items which showed variations during the month are as follows:-
The index for 'Food Article ' group rose by 5.3% to 250.3 (provisional) from 237.7 (provisional) for the previous month due to higher price of fish-inland (22%), fruits & vegetables (13%), ragi and beef & buffalo meat (3% each), milk (2%) and rice, mutton, poultry chicken and pork (1% each). However, the price of bajra and gram (4% each), tea (3%), jowar (2%) and moong, egg and masur (1% each) declined.
The index for 'Non-Food Articles' group declined by 0.5% to 209.6 (provisional) from 210.7 (provisional) for the previous month due to lower price of soyabean (12%), guar seed (10%), groundnut seed (5%), raw jute (4%), safflower, logs & timber and linseed (3% each), niger seed and rape & mustard seed (2% each) and mesta (1%). However, the price of flowers (15%), copra (coconut) (5%), raw cotton, coir fibre and raw silk (3% each), sunflower and cotton seed (2% each) and fodder and castor seed (1% each) moved up.
The index for 'Minerals' group rose by 0.7% to 330.9 (provisional) from 328.5 (provisional) for the previous month due to higher price of dolomite (10%), sillimanite (6%), crude petroleum and limestone (1% each). However, the price of barytes (13%), zinc concentrate (5%) and chromite and copper ore (1% each) declined.
Fuel & Power (Weight 14.91%)
The index for this major group rose by 1.3% to 202.3 (provisional) from 199.8 (provisional) for the previous month due to higher price of aviation turbine fuel (7%), light diesel oil (4%), kerosene, lpg and petrol (3% each) and naphtha, bitumen and high speed diesel (2% each). However, the price of furnace oil (2%) declined.
Manufactured Products (Weight 64.97%)
The index for this major group declined by 0.1% to 150.0 (provisional) from 150.2 (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 0.7% to 167.7 (provisional) from 168.9 (provisional) for the previous month due to lower price of tea leaf (blended) (15%), tea leaf (unblended) (6%), oil cakes (4%), groundnut oil (2%) and bakery products, mixed spices, cotton seed oil, palm oil and gola (cattle feed) (1% each). However, the price of copra oil (9%), gur, coffee powder, processed prawn and sooji (rawa) (2% each) and maida, gingelly oil, rice bran oil and sugar (1% each) moved up.
The index for 'Beverages, Tobacco & Tobacco Products' group declined by 0.1% to 181.6 (provisional) from 181.8 (provisional) for the previous month due to lower price of chewing tobacco (scented or not) and dried tobacco (2% each) and beer (1%). However, the price of rectified spirit (1%) moved up.
The index for 'Textiles' group rose by 0.7% to 137.3 (provisional) from 136.4 (provisional) for the previous month due to higher price of cotton yarn and man made fibre (2% each) and woollen textiles and tyre cord fabric (1 % each). However, the price of gunny and hessian cloth, jute sacking cloth and jute sacking bag (1% each) declined.
The index for 'Wood & Wood Products' group rose by 0.8% to 177.2 (provisional) from 175.8 (provisional) for the previous month due to higher price of timber/ wooden planks, plywood & fibre board and processed wood (1% each).
The index for 'Paper & Paper Products' group declined by 0.1% to 140.3 (provisional) from 140.5 (provisional) for the previous month due to lower price of maplitho paper and paper for printing / poster (1% each). However, the price of laminated paper (4%) and paper cartons / boxes (2%) moved up.
The index for ' Leather & Leather Products ' group declined by 0.1% to 142.3 (provisional) from 142.5 (provisional) for the previous month due to lower price of leather footwear (1%).
The index for 'Non-Metallic Mineral Products' group declined by 1.3% to 164.3 (provisional) from 166.4 (provisional) for the previous month due to lower price of white cement (3%), grey cement (2%) and slag cement (1%). However, the price of marbles (3%) moved up.
The index for 'Basic Metals, Alloys & Metal Products' group rose by 0.2% to 162.7 (provisional) from 162.3 (provisional) for the previous month due to higher price of silver and gold & gold ornaments (5% each), metal containers (3%), steel structures,aluminium and ferro manganese (2% each) and copper / copper ingots (1%). However, the price of furniture (10%), sponge iron (3%), melting scrap (2%) and ferro silicon, pencil ingots, wire rods, gp/gc sheets, angles and billets (1%) declined.
The index for 'Machinery & Machine Tools' group declined by 0.5% to 130.8 (provisional) from 131.5 (provisional) for the previous month due to lower price of electric generators (12%), fibre optic cable (7%), electronic pcb /micro circuit (4%), battery dry cells, t.v. accessories and boiler & accessories (2% each) and batteries and hydraulic equipment (1% each). However, the price of ball/roller bearing (7%) and pvc insulated cable, pump & assembly, heat exchanger, material handling equipments, capacitors, harvester and electrical pumps (1 % each) moved up.
The index for 'Transport, Equipment & Parts' group rose by 0.4% to 133.7 (provisional) from 133.2 (provisional) for the previous month due to higher price of auto parts and motor vehicles (1% each). However, the price of railway axle & wheel (2%) and parts of ships/boats etc. (1%) declined.
FINAL INDEX FOR THE MONTH OF JUNE, 2013 (BASE YEAR: 2004-05=100)
For the month of June, 2013, the final Wholesale Price Index for ‘All Commodities’ (Base: 2004-05=100) stood at 173.2 as compared to 172.7 (provisional) and annual rate of inflation based on final index stood at 5.16% as compared to 4.86% respectively as reported on 15.07.2013.
Annexure-I Wholesale Price Index and Rates of Inflation (Base Year: 2004-05=100)
Month of August, 2013
Annexure-II
Trend of Rate of Inflation for some important items during last six months
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