June WPI at 5.43%

Build up inflation rate in the financial year so far was 1.28% compared to a build up rate of 1.82% in the corresponding period of the previous year.

The annual rate of inflation, based on monthly WPI, stood at 5.43% (provisional) for the month of June, 2014 (over June,2013) as compared to 6.01% (provisional) for the previous month and 5.16% during the corresponding month of the previous year. Build up inflation rate in the financial year so far was 1.28% compared to a build up rate of 1.82% in the corresponding period of the previous year.

PRIMARY ARTICLES (Weight 20.12%)

The index for this major group rose by 1.3 percent to 249.9 (provisional) from 246.8 (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 2.2 percent to 249.7 (provisional) from 244.3 (provisional) for the previous month due to higher price of fruits & vegetables (6%), coffee (5%), masur (3%), poultry chicken, urad,      egg, pork, milk, condiments & spices and fish-marine (2% each) and rice, arhar and fish-inland (1% each).  However, the price of tea (3%), ragi and barley (2% each) and gram, wheat, bajra, jowar and moong (1% each) declined.

The index for ‘Non-Food Articles’  group declined by 1.1 percent to 216.4 (provisional) from 218.8  (provisional) for the previous month due to lower price of soyabean (9%), gingelly seed and raw silk (7% each), tobacco and flowers (4% each), copra (coconut) (3%), linseed (2%) and raw cotton (1%).  However, the price of fodder and castor seed (4% each), cotton seed, niger seed, groundnut seed and sunflower (2% each) and raw jute, raw rubber and rape & mustard seed   (1% each) moved up.

FUEL & POWER (Weight 14.91%)

The index for this major group rose by 0.1 percent to 212.3 (provisional) from 212.1  (provisional) for the previous month due to higher price of high speed diesel and lignite (1% each).  However, the price of aviation turbine fuel and bitumen (2% each) and kerosene (1%) declined.

MANUFACTURED PRODUCTS (Weight 64.97%)

The index for this major group rose by 0.2 percent to 154.9 (provisional) from 154.6 (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 rose by 0.4 percent to 171.6 (provisional) from 170.9 (provisional) for the previous month due to higher price of gur (6%), copra oil (5%), salt (4%), maida and wheat flour (atta) (3% each),  oil cakes (2%) and sooji (rawa), ghee and rice bran oil (1% each).  However, the price of gingelly oil (4%) and      cotton seed oil, vanaspati, groundnut oil, tea leaf (blended), sunflower oil and gola (cattle feed) (1% each) declined.

The index for ‘Basic Metals, Alloys & Metal Products’ group rose by 0.1 percent to 167.1 (provisional) from 166.9 (provisional) for the previous month due to higher price of steel (4%), ferro manganese (3%) and ferro chrome,     sheets, joist & beams, iron & steel wire, wire rods, angles, aluminium and steel castings (1% each).  However, the price of melting scrap (2%) and silver and gold & gold ornaments (1% each) declined.

The index for ‘Machinery & Machine Tools’ group rose by 0.4 percent to 133.8 (provisional) from 133.3 (provisional) for the previous month due to higher price of computers (6%), sprinkler (5%), ball/roller bearing,     fans and pvc insulated cable (4% each), grinding /wet coffee machinery and harvester (2% each) and fibre optic cable and boiler & accessories (1% each).  However, the price of insulators (2%) and batteries, electric switch gears and electrical pumps (1% each) declined.

FINAL INDEX FOR THE MONTH OF APRIL, 2014 (BASE YEAR: 2004-05=100)

 For the month of  April, 2014, the final Wholesale Price Index for ‘All Commodities’ (Base: 2004-05=100) stood at 180.8 as compared to 180.2 (provisional) and annual rate of inflation based on final index stood at 5.55 percent as compared to 5.20 percent respectively as reported on 15.05.2014.