Monday, 16 September 2013

August WPI stands at 6.1% against 5.79% in July

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
Commodities/Major Groups/Groups/Sub-Groups
Weight
WPI Aug, 2013
Latest month over month
Build up from March
Year on year
2012-13
2013-14
2012-13
2013-14
2012-13
2013-14
ALL COMMODITIES
100.00000
177.5
0.90
1.20
3.91
4.35
8.01
6.10
PRIMARY ARTICLES
20.11815
247.8
1.23
3.77
6.74
11.07
11.23
11.72
Food Articles
14.33709
250.3
-0.28
5.30
7.46
16.91
9.34
18.18
Cereals
3.37323
224.7
3.26
0.36
8.99
5.74
10.77
14.35
Rice
1.79348
229.2
2.14
1.28
8.78
11.15
10.35
20.13
Wheat
1.11595
205.3
4.95
-0.44
10.87
-0.05
12.97
7.60
Pulses
0.71662
222.4
6.13
-1.90
23.54
-4.59
34.54
-14.40
Vegetables
1.73553
390.3
-4.61
15.71
15.53
108.94
10.08
77.81
Potato
0.20150
224.3
6.62
-3.28
108.77
53.00
70.74
-15.13
Onion
0.17794
668.9
7.42
51.13
42.72
133.39
-20.71
244.62
Fruits
2.10717
202.6
-4.34
8.69
6.18
8.69
1.30
8.17
Milk
3.23818
217.6
-1.39
1.78
2.33
3.52
6.68
5.63
Egg, Meat & Fish
2.41384
284.9
-0.29
6.82
4.49
11.46
14.20
18.86
Non-Food Articles
4.25756
209.6
3.86
-0.52
9.22
0.96
14.08
1.06
Fibres
0.87737
246.6
3.43
2.62
14.59
12.50
3.53
10.53
Oil Seeds
1.78051
192.8
6.02
-3.70
21.31
-6.00
28.83
-7.22
Minerals
1.52350
330.9
5.97
0.73
-0.61
-5.94
18.12
-7.21
FUEL & POWER
14.91021
202.3
1.23
1.25
2.19
5.58
8.74
11.34
Liquefied petroleum gas
0.91468
161.4
0.13
2.61
1.09
-0.19
0.68
8.39
Petrol
1.09015
194.7
0.69
2.53
6.19
2.80
9.45
3.18
High speed diesel
4.67020
215.2
0.48
1.51
0.48
6.69
0.48
27.64
MANUFACTURED PRODUCTS
64.97164
150.0
0.75
-0.13
3.23
0.87
6.36
1.90
Food Products
9.97396
167.7
2.55
-0.71
7.01
1.27
9.28
1.70
Sugar
1.73731
191.4
7.07
0.63
13.91
-0.21
16.91
-4.20
Edible Oils
3.04293
144.6
1.48
-0.21
6.21
-1.43
10.91
-3.86
Beverages, Tobacco & Tobacco Product
1.76247
181.6
1.80
-0.11
3.92
0.00
6.78
3.83
Cotton Textiles
2.60526
155.5
0.96
1.24
3.68
3.60
4.94
6.14
Man Made Textiles
2.20573
130.4
1.32
1.16
2.58
2.27
3.97
5.84
Wood & Wood Products
0.58744
177.2
0.18
0.80
3.88
1.78
6.40
3.50
Paper & Paper Products
2.03350
140.3
0.67
-0.14
2.19
0.07
2.96
3.47
Leather & Leather Products
0.83509
142.3
0.00
-0.14
2.58
5.64
4.24
5.33
Rubber & Plastic Products
2.98697
144.4
0.37
0.00
1.93
3.51
2.69
5.25
Chemicals & Chemical Products
12.01770
147.6
0.56
0.00
3.02
1.17
7.82
2.93
Non-Metallic Mineral Products
2.55597
164.3
1.04
-1.26
3.98
-1.50
9.96
-0.12
Cement & Lime
1.38646
166.0
1.24
-2.30
5.21
-3.66
12.97
-3.26
Basic Metals Alloys & Metal Product
10.74785
162.7
-0.06
0.25
1.96
-1.27
8.05
-2.28
Iron & Semis
1.56301
150.1
-0.97
-1.18
-1.09
-3.04
8.58
-8.03
Machinery & Machine Tools
8.93148
130.8
0.08
-0.53
1.50
1.08
2.97
1.95
Transport Equipment & Parts
5.21282
133.7
0.23
0.38
2.14
1.13
3.61
3.56
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
Aug-13
July-13
June-13
May-13
Apr-13
Mar-13
ALL COMMODITIES
100.00
6.10
5.79
5.16
4.58
4.77
5.65
PRIMARY ARTICLES
20.12
11.72
8.99
8.79
5.72
5.06
7.36
Food Articles
14.34
18.18
11.91
10.27
8.25
6.08
8.63
Cereals
3.37
14.35
17.66
17.87
15.95
15.52
17.86
Rice
1.79
20.13
21.15
20.43
18.48
17.09
17.56
Wheat
1.12
7.60
13.42
13.94
12.37
13.55
19.35
Pulses
0.72
-14.40
-7.39
1.59
5.95
10.52
10.84
Vegetables
1.74
77.81
46.59
17.36
5.21
-8.88
-1.68
Potato
0.20
-15.13
-6.45
-8.38
1.28
-0.63
15.80
Onion
0.18
244.62
144.94
114.76
94.28
90.83
110.74
Fruits
2.11
8.17
-4.80
0.86
0.67
0.56
5.67
Milk
3.24
5.63
2.35
4.08
4.46
4.04
4.42
Egg, Meat & Fish
2.41
18.86
10.94
12.48
11.38
10.44
11.42
Non-Food Articles
4.26
1.06
5.51
7.73
4.88
7.59
9.32
Fibres
0.88
10.53
11.40
14.83
8.41
10.90
12.58
Oil Seeds
1.78
-7.22
2.14
9.94
12.79
18.20
19.73
Minerals
1.52
-7.21
-2.38
1.32
-7.03
-4.52
-1.95
FUEL & POWER
14.91
11.34
11.31
7.51
7.27
8.33
7.76
Liquefied petroleum gas
0.91
8.39
5.78
7.80
7.87
8.33
9.78
Petrol
1.09
3.18
1.33
-6.89
-4.70
2.81
6.58
High speed diesel
4.67
27.64
26.34
23.36
21.22
20.56
20.20
MANUFACTURED PRODUCTS
64.97
1.90
2.81
2.89
3.25
3.69
4.28
Food Products
9.97
1.70
5.04
6.41
6.63
7.27
7.46
Sugar
1.74
-4.20
1.93
6.93
7.10
8.67
9.35
Edible Oils
3.04
-3.86
-2.23
0.07
0.89
2.01
3.60
Beverages, Tobacco & Tobacco Product
1.76
3.83
5.82
6.07
6.74
7.13
7.90
Cotton Textiles
2.61
6.14
5.86
6.21
6.31
6.74
6.23
Man Made Textiles
2.21
5.84
6.00
5.43
5.12
5.39
6.16
Wood & Wood Products
0.59
3.50
2.87
4.59
5.23
4.70
5.64
Paper & Paper Products
2.03
3.47
4.31
4.46
4.77
4.86
5.65
Leather & Leather Products
0.84
5.33
5.48
5.41
3.99
2.65
2.28
Rubber & Plastic Products
2.99
5.25
5.63
5.45
4.71
4.15
3.64
Chemicals & Chemical Products
12.02
2.93
3.51
3.03
3.18
4.21
4.81
Non-Metallic Mineral Products
2.56
-0.12
2.21
3.22
4.07
4.07
5.44
Cement & Lime
1.39
-3.26
0.24
1.91
3.40
3.88
5.64
Basic Metals Alloys & Metal Product
10.75
-2.28
-2.58
-2.58
-1.98
-0.96
0.92
Iron & Semis
1.56
-8.03
-7.83
-8.68
-7.59
-7.56
-6.18
Machinery & Machine Tools
8.93
1.95
2.57
2.35
2.83
2.85
2.37
Transport Equipment & Parts
5.21
3.56
3.42
3.59
3.85
4.18
4.59

 
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