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 2013 | 5.19% |
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 |
|
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 |
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
You must log in to post a comment.