August WPI for commodities released

New Delhi — The official Wholesale Price Index for all commodities (base: 2004-05 = 100) for the month of August 2014 rose by 0.6% to 185.7 (provisional) from 184.6 (provisional) for the previous month.

Inflation

Rate of inflation
 August 20135.19%
 August 2014 3.74%

The annual rate of inflation, based on monthly WPI, stood at 3.74% (provisional) for the month of August, 2014 (over August,2013) as compared to 5.19% (provisional) for the previous month and 6.99% during the corresponding month of the previous year. Build up inflation rate in the financial year so far was 3.00% compared to a build up rate of 5.23% 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 2.0% to 261.7 (provisional) from 256.6 (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 2.6% to 265.4 (provisional) from 258.6 (provisional) for the previous month due to higher price of fruits & vegetables (7%), urad and condiments & spices (4% each), arhar, barley and milk (3 % each), masur, gram and ragi (2% each) and jowar, rice, coffee, poultry chicken, fish-marine and wheat (1% each).  However, the price of tea (9%), fish-inland (7%), maize and pork (2% each) and egg and bajra (1% each) declined.

The index for ‘Non-Food Articles’ group rose by 0.3% to 218.7 (provisional) from 218.1 (provisional) for the previous month due to higher price of flowers (15%), copra (coconut) (14%), gingelly seed (6%), niger seed (5%), groundnut seed and linseed (2% each) and castor seed, rape & mustard seed and cotton seed (1% each).  However, the price of raw rubber (6 %), soyabean, raw silk and raw jute (4% each), raw cotton (3%), fodder (2%) and sunflower (1%) declined.

The index for ‘Minerals’ group rose by 0.3% to  347.0 (provisional) from 346.1 (provisional) for the previous month due to higher price of barytes (10%), iron ore (3%), steatite and magnesite (2% each) and chromite (1%).  However, the price of sillimanite (23%), copper ore (5%), zinc concentrate (4%) declined.

Fuel and power (weight 14.91%)
The index for this major group declined by 0.3% to 214.0 (provisional) from 214.7 (provisional) for the previous month due to lower price of petrol and furnace oil (3% each) and bitumen (2%).  However, the price of high speed diesel (1%) moved up.

Manufactured products (weight 64.97%)
The index for this major group rose by 0.3% to 155.8 (provisional) from 155.4 (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 0.1% to 174.7 (provisional) from 174.6 (provisional) for the previous month due to higher price of coffee powder (9%), copra oil (4%), gram powder (besan) (2%) and sugar, khandsari and sooji (rawa) (1% each).  However, the price of tea dust (blended) (7%), mixed spices and tea leaf (blended) (2% each) and  bakery products, soyabean oil, gur and gingelly oil (1% each) declined.

The index for ‘Beverages, Tobacco & Tobacco Products’ group rose by 0.5% to 199.6 (provisional) from 198.7 (provisional) for the previous month due to higher price of dried tobacco (6%), chewing tobacco (scented or not ) (2%) and beer and rectified spirit (1% each).

The index for ‘Textiles’ group rose by 0.1% to 144.2 (provisional) from 144.1 (provisional) for the previous month due to higher price of tyre cord fabric (4%), jute sacking cloth and man made fabric (2% each) and jute yarn and man made fibre (1% each).  However, the price of gunny and hessian cloth (4%) and cotton yarn and jute sacking bag (1% each) declined.

The index for ‘Paper & Paper Products’ group rose by 0.2% to 149.6 (provisional) from 149.3 (provisional) for the previous month due to higher price of paper cartons / boxes (2%) and printing and writing paper (1%).

The index for ‘Leather & Leather Products’ group rose by 1.7% to 146.7 (provisional) from 144.3 (provisional) for the previous month due to higher price of leather footwear (3%).

The index for ‘Rubber & Plastic Products’ group rose by 0.2% to 150.9 (provisional) from 150.6 (provisional) for the previous month due to higher price of plastic films & sheets and football (3% each), rubber footwear and reclaimed rubber (2% each) and plastic rolls and hdpe bag (1% each).  However, the price of plastic containers (3%) and hdpe woven sacks (2%) and pvc rigid and polyester chips (1% each) declined.

The index for ‘Chemicals & Chemical Products’ group rose by 0.5% to 154.1 (provisional) from 153.3 (provisional) for the previous month due to higher price of rubber chemicals (5%), pesticides (2%) and agarbattis, explosives,     turpentine oil, synthetic resin, dye & dye intermediates, vitamins, washing soap, organic manure, basic organic chemicals,  basic inorganic chemicals and non-cyclic compound (1% each).  However, the price of lacquer & varnishes, paints and washing powder (1% each) declined.

The index for ‘Non-Metallic Mineral Products’ group rose by 0.8% to 169.5 (provisional) from 168.1 (provisional) for the previous month due to higher price of marbles (3%) and grey cement and railway sleeper (2% each).  However, the price of bricks & tiles (1%) declined.

The index for ‘Basic Metals, Alloys & Metal Products’ group declined by 0.2% to 166.4 (provisional) from 166.8 (provisional) for the previous month due to lower price of wire rods and pig iron (3% each), melting scrap (2%) and      sponge iron, rounds, plates, steel rods, angles, pencil  ingots, crc, gold & gold ornaments, joist & beams, fixtures and ferro chrome (1% each).  However, the price of steel castings, ferro manganese and nuts/bolts/screw/ washers (2% each) and aluminium, silver and rebars (1% each) moved up.

The index for ‘Machinery & Machine Tools’ group rose by 0.4% to 134.5 (provisional) from 133.9 (provisional) for the previous month due to higher price of pvc insulated cable (6%), heat exchanger (4%), grinding /wet coffee machinery and loader (2% each) and conductor, insulators, electric switch gears, pump & assembly, electric switches and battery dry cells (1% each).  However, the price of washing / laundry machines (3%), ball/roller bearing and microwave oven (2% each) and fibre optic cable, material handling equipments and machine tools (1% each) declined.

The index for ‘Transport, Equipment & Parts’ group rose by 0.1% to 136.0 (provisional) from 135.8 (provisional) for the previous month due to higher price of bi-cycles (2%) and bus / mini bus / truck (1%).

 

Final index for the month of June, 2014 (base year: 2004-05=100)
For the month of  June, 2014, the final Wholesale Price Index for ‘All Commodities’ (Base: 2004-05=100) stood at 183.0 as compared to 182.6 (provisional) and annual rate of inflation based on final index stood at 5.66% as compared to 5.43% respectively as reported on
16.06.2014.

Annexure-I

Wholesale Price Index and Rates of Inflation (Base Year: 2004-05=100)

 

     

Month of August, 2014

Commodities/Major Groups/Groups/Sub-Groups

Weight

WPI Aug, 2014

Latest month over month

Build up from March

Year on year

2013-14

2014-15

2013-14

2014-15

2013-14

2014-15

ALL COMMODITIES

100.00000

185.7

1.99

0.60

5.23

3.00

6.99

3.74

PRIMARY ARTICLES

20.11815

261.7

4.83

1.99

12.91

9.31

13.57

3.89

Food Articles

14.33709

265.4

5.83

2.63

17.89

13.13

19.17

5.15

Cereals

3.37323

235.5

1.38

0.64

6.87

1.90

15.57

3.70

Rice

1.79348

244.1

2.30

0.95

12.27

5.17

21.33

5.44

Wheat

1.11595

210.1

1.02

0.67

1.61

-3.67

9.38

0.67

Pulses

0.71662

238.9

-2.21

2.05

-4.93

4.92

-14.70

7.81

Vegetables

1.73553

377.8

17.55

13.25

112.63

90.42

80.96

-4.88

Potato

0.20150

362.0

-3.74

6.25

52.80

87.95

-15.25

61.61

Onion

0.17794

399.9

62.38

-2.25

152.30

64.16

272.54

-44.70

Fruits

2.10717

244.1

8.85

-0.57

8.85

12.70

8.33

20.31

Milk

3.23818

245.0

1.49

3.07

3.90

6.48

6.02

12.18

Egg, Meat & Fish

2.41384

271.1

6.94

-1.99

12.68

-4.10

20.15

-5.87

Non-Food Articles

4.25756

218.7

-0.57

0.28

1.11

0.46

1.21

4.19

Fibres

0.87737

225.6

3.79

-3.05

13.78

-5.41

11.79

-9.54

Oil Seeds

1.78051

217.8

-3.73

1.73

-5.51

5.22

-6.74

12.38

Minerals

1.52350

347.0

7.57

0.26

3.38

0.43

1.99

-4.59

FUEL & POWER

14.91021

214.0

2.40

-0.33

6.84

-0.09

12.66

4.54

Liquefied petroleum gas

0.91468

171.2

2.61

-0.06

-0.19

-3.11

8.39

6.07

Petrol

1.09015

194.6

2.63

-3.23

2.90

-2.99

3.29

-0.15

High speed diesel

4.67020

240.4

1.60

0.67

6.79

3.98

27.76

11.61

MANUFACTURED PRODUCTS

64.97164

155.8

0.47

0.26

1.28

1.04

2.31

3.45

Food Products

9.97396

174.7

0.72

0.06

1.99

3.31

2.43

3.43

Sugar

1.73731

195.1

-0.21

1.40

-0.78

6.38

-4.75

2.52

Edible Oils

3.04293

145.5

0.83

0.07

-0.41

-0.68

-2.86

-0.41

Beverages, Tobacco & Tobacco Product

1.76247

199.6

0.22

0.45

0.33

1.99

4.17

9.55

Cotton Textiles

2.60526

166.1

0.90

-0.72

4.73

0.73

7.30

5.66

Man Made Textiles

2.20573

136.8

0.93

0.96

2.59

1.33

6.17

4.59

Wood & Wood Products

0.58744

185.4

0.79

0.00

2.13

-1.07

3.86

4.27

Paper & Paper Products

2.03350

149.6

0.21

0.20

0.50

1.36

3.91

6.17

Leather & Leather Products

0.83509

146.7

0.63

1.66

6.61

0.48

6.29

2.16

Rubber & Plastic Products

2.98697

150.9

0.83

0.20

4.09

0.67

5.83

3.93

Chemicals & Chemical Products

12.01770

154.1

0.47

0.52

1.51

0.98

3.28

4.05

Non-Metallic Mineral Products

2.55597

169.5

-0.72

0.83

-0.54

1.19

0.85

2.17

Cement & Lime

1.38646

165.9

-1.98

2.03

-2.38

1.10

-1.98

-1.37

Basic Metals Alloys & Metal Product

10.74785

166.4

0.43

-0.24

-1.15

-0.72

-2.16

2.15

Iron & Semis

1.56301

158.8

-0.99

-1.24

-3.04

-0.06

-8.03

5.80

Machinery & Machine Tools

8.93148

134.5

0.15

0.45

1.24

0.98

2.10

2.67

Transport Equipment & Parts

5.21282

136.0

0.45

0.15

1.29

0.15

3.72

1.57

          

 


 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-14

July-14

June-14

May-14

Apr-14

Mar-14

ALL COMMODITIES

100.00

3.74

5.19

5.66

6.18

5.55

6.00

PRIMARY ARTICLES

20.12

3.89

6.78

7.01

8.58

7.02

7.31

Food Articles

14.34

5.15

8.43

8.32

9.64

8.74

9.57

Cereals

3.37

3.70

4.46

5.60

7.81

8.27

8.75

Rice

1.79

5.44

6.85

10.24

12.75

12.76

12.56

Wheat

1.12

0.67

1.02

0.88

3.44

4.42

6.18

Pulses

0.72

7.81

3.31

0.61

-0.17

-1.84

-2.32

Vegetables

1.74

-4.88

-1.27

-5.44

0.08

1.62

6.21

Potato

0.20

61.61

46.41

46.46

37.12

33.01

31.38

Onion

0.18

-44.70

-8.13

-11.41

-3.46

-10.59

-15.00

Fruits

2.11

20.31

31.71

22.42

19.45

16.05

16.20

Milk

3.24

12.18

10.46

10.82

9.57

9.19

9.47

Egg, Meat & Fish

2.41

-5.87

2.71

10.20

12.51

10.17

10.60

Non-Food Articles

4.26

4.19

3.32

3.40

4.94

3.43

4.87

Fibres

0.88

-9.54

-3.16

3.55

8.44

7.59

8.80

Oil Seeds

1.78

12.38

6.36

4.79

4.97

0.19

0.93

Minerals

1.52

-4.59

2.37

4.87

8.06

2.86

-1.79

FUEL & POWER

14.91

4.54

7.40

9.04

10.53

9.34

11.80

Liquefied petroleum gas

0.91

6.07

8.90

6.74

7.11

7.50

9.28

Petrol

1.09

-0.15

5.90

9.02

12.28

7.77

5.91

High speed diesel

4.67

11.61

12.64

13.62

14.21

13.74

14.63

MANUFACTURED PRODUCTS

64.97

3.45

3.67

3.95

3.88

3.69

3.70

Food Products

9.97

3.43

4.11

3.34

3.29

2.88

2.11

Sugar

1.74

2.52

0.89

-0.68

-0.89

-1.15

-4.38

Edible Oils

3.04

-0.41

0.35

-0.75

-0.82

-0.68

-0.14

Beverages, Tobacco & Tobacco Product

1.76

9.55

9.30

9.03

8.45

8.58

7.76

Cotton Textiles

2.61

5.66

7.38

8.57

9.13

8.81

9.86

Man Made Textiles

2.21

4.59

4.55

5.54

6.04

5.98

5.88

Wood & Wood Products

0.59

4.27

5.10

6.50

6.68

8.68

7.64

Paper & Paper Products

2.03

6.17

6.19

6.41

6.26

6.49

5.28

Leather & Leather Products

0.84

2.16

1.12

3.99

4.49

6.86

8.39

Rubber & Plastic Products

2.99

3.93

4.58

4.75

5.34

6.68

7.46

Chemicals & Chemical Products

12.02

4.05

4.00

4.86

4.93

4.79

4.59

Non-Metallic Mineral Products

2.56

2.17

0.60

1.50

0.90

0.30

0.42

Cement & Lime

1.39

-1.37

-5.24

-3.05

-3.93

-5.02

-4.76

Basic Metals Alloys & Metal Product

10.75

2.15

2.84

2.71

2.39

1.34

1.70

Iron & Semis

1.56

5.80

6.07

5.70

3.82

2.38

2.65

Machinery & Machine Tools

8.93

2.67

2.37

2.91

2.45

2.62

2.94

Transport Equipment & Parts

5.21

1.57

1.88

2.48

2.72

2.73

2.72

 PIB

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