Index Numbers of Wholesale Price in India (Base: 2004-05=100) Review for the month of July, 2015
The official Wholesale Price Index for ‘All Commodities’ (Base: 2004-05=100) for the month of July, 2015 declined by 0.6 percent to 177.5 (provisional) from 178.6 (provisional) for the previous month.
INFLATION
The annual rate of inflation, based on monthly WPI, stood at -4.05% (provisional) for the month of July, 2015 (over July, 2014) as compared to -2.40% (provisional) for the previous month and 5.41% during the corresponding month of the previous year. Build up inflation rate in the financial year so far was 0.80% compared to a build up rate of 2.61% 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 declined by 0.5 percent to 247.2 (provisional) from 248.4 (provisional) for the previous month. The groups and items which showed variations during the month are as follows:-
The index for ‘Food Articles’ group declined by 0.6 percent to 255.7 (provisional) from 257.3 (provisional) for the previous month due to lower price of fish-inland (5%), fruits & vegetables, jowar and poultry chicken (3% each), ragi (2%) and egg, fish-marine, pork and bajra (1% each). However, the price of urad (5%), masur and arhar (4% each), beef & buffalo meat and tea (3% each), gram and condiments & spices (2% each) and wheat, barley, coffee and moong (1% each) moved up.
The index for ‘Non-Food Articles’ group declined by 1.3 percent to 215.6 (provisional) from 218.5 (provisional) for the previous month due to lower price of raw silk (10%), copra (coconut) (8%), guar seed (7%), soyabean (6%), raw rubber and groundnut seed (3% each), sunflower and flowers (2% each) and castor seed and raw cotton (1% each). However, the price of niger seed (27 %), safflower (kardi seed) (10%), fodder (4%), rape & mustard seed and raw jute (2% each) and linseed and coir fibre (1 % each) moved up.
The index for ‘Minerals’ group rose by 3.0 percent to 255.9 (provisional) from 248.5 (provisional) for the previous month due to higher price of zinc concentrate (9%), crude petroleum (8%), magnesite (3%) and chromite (2%). However, the price of sillimanite and copper ore (5% each), manganese ore (3%) and iron ore (2%) declined.
FUEL & POWER (Weight 14.91%)
The index for this major group declined by 2.0 percent to 187.1 (provisional) from 191.0 (provisional) for the previous month due to lower price of furnace oil (6%), aviation turbine fuel, high speed diesel and naphtha (4% each) and petrol (1%).
MANUFACTURED PRODUCTS (Weight 64.97%)
The index for this major group declined by 0.3 percent to 153.7 (provisional) from 154.2 (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 0.6 percent to 172.0 (provisional) from 173.1 (provisional) for the previous month due to lower price of copra oil, sugar and khandsari (4% each), tea dust (unblended) and vanaspati (3% each), tea leaf (blended) and palm oil (2% each) and sunflower oil, rice bran oil, gram powder (besan), powder milk, tea dust (blended), soyabean oil and ghee (1% each). However, the price of tea leaf (unblended) (8%), gingelly oil (7%), mustard & rapeseed oil and bakery products (3% each), groundnut oil and oil cakes (2% each) and sooji (rawa) and maida (1% each) moved up.
The index for ‘Beverages, Tobacco & Tobacco Products’ group declined by 0.3 percent to 206.1 (provisional) from 206.7 (provisional) for the previous month due to lower price of zarda (3%), beer (2%) and dried tobacco (1%).
The index for ‘Textiles’ group rose by 0.2 percent to 141.2 (provisional) from 140.9 (provisional) for the previous month due to higher price of jute sacking cloth (4%), tyre cord fabric (3%) and cotton yarn, gunny and hessian cloth, cotton fabric, man made fabric and jute sacking bag (1% each). However, the price of jute yarn (2%) and man made fibre and woollen textiles (1% each) declined.
The index for ‘Wood & Wood Products’ group rose by 0.8 percent to 197.9 (provisional) from 196.3 (provisional) for the previous month due to higher price of plywood & fibre board (2%).
The index for ‘Paper & Paper Products’ group rose by 0.5 percent to 153.6 (provisional) from 152.9 (provisional) for the previous month due to higher price of laminated paper (7%), newspaper and paper pulp (2% each) and corrugated sheet boxes (1%). However, the price of paper rolls (2%) declined.
The index for ‘Leather & Leather Products’ group declined by 0.7 percent to 144.3 (provisional) from 145.3 (provisional) for the previous month due to lower price of leathers (2%) and leather footwear (1%). However, the price of leather garments & jackets (2%) moved up.
The index for ‘Non-Metallic Mineral Products’ group declined by 0.9 percent to 174.2 (provisional) from 175.8 (provisional) for the previous month due to lower price of grey cement (3%). However, the price of marbles (8%), slag cement (7%) and glass bottles & bottleware (1%) moved up.
The index for ‘Basic Metals, Alloys & Metal Products’ group declined by 1.0 percent to 157.1 (provisional) from 158.7 (provisional) for the previous month due to lower price of sponge iron and rounds (3% each), gp/gc sheets, wire rods, HRC, silver, plates, gold & gold ornaments and billets (2% each) and angles, rebars, pencil ingots, joist & beams, pig iron, steel: pipes & tubes, brass, zinc, CRC and aluminium (1% each). However, the price of ferro silicon (2%) and nuts/bolts/screw/ washers (1%) moved up.
The index for ‘Machinery & Machine Tools’ group rose by 0.1 percent to 135.2 (provisional) from 135.0 (provisional) for the previous month due to higher price of ball/roller bearing (4%), industrial valves (2%) and electric motors, rubber machinery, engines and conductor (1% each). However, the price of insulators (3%), plastic machinery and battery dry cells (2% each) and pvc insulated cable and electrical wires (1% each) declined.
The index for ‘Transport, Equipment & Parts’ group rose by 0.1 percent to 137.8 (provisional) from 137.7 (provisional) for the previous month due to higher price of shafts (all kinds) (2%).
FINAL INDEX FOR THE MONTH OF MAY, 2015 (BASE YEAR: 2004-05=100)
For the month of May, 2015, the final Wholesale Price Index for ‘All Commodities’ (Base: 2004-05=100) stood at 178.0 as compared to 177.7 (provisional) and annual rate of inflation based on final index stood at -2.20 percent as compared to -2.36 percent (provisional) respectively as reported on 15.06.2015.
Next date of press release: 14/09/2015 for the month of August, 2015
Office of Economic Adviser, Ministry of Commerce & Industry, New Delhi,
This press release is available at our home page http://eaindustry.nic.in
Annexure-I
Wholesale Price Index and Rates of Inflation (Base Year: 2004-05=100)
| Month of July, 2015 | |||||||||
| Commodities/Major Groups/Groups/Sub-Groups | Weight | WPI July, 2015 | Latest month over month | Build up from March | Year on year | ||||
| 2014-15 | 2015-16 | 2014-15 | 2015-16 | 2014-15 | 2015-16 | ||||
| ALL COMMODITIES | 100.00000 | 177.5 | 1.09 | -0.62 | 2.61 | 0.80 | 5.41 | -4.05 | |
| PRIMARY ARTICLES | 20.11815 | 247.2 | 2.52 | -0.48 | 7.18 | 3.43 | 6.78 | -3.66 | |
| Food Articles | 14.33709 | 255.7 | 3.44 | -0.62 | 10.27 | 2.57 | 8.47 | -1.16 | |
| Cereals | 3.37323 | 231.9 | 1.60 | 0.43 | 1.95 | 0.35 | 5.18 | -1.57 | |
| Rice | 1.79348 | 237.7 | 1.49 | 0.34 | 5.43 | 1.76 | 8.13 | -2.86 | |
| Wheat | 1.11595 | 212.9 | 0.87 | 1.19 | -4.26 | -1.21 | 1.06 | 1.96 | |
| Pulses | 0.71662 | 317.8 | 1.30 | 2.88 | 2.81 | 23.27 | 3.31 | 35.75 | |
| Vegetables | 1.73553 | 252.1 | 22.39 | -0.59 | 68.35 | 16.28 | -1.15 | -24.52 | |
| Potato | 0.20150 | 174.5 | 10.12 | 17.35 | 78.61 | 15.41 | 47.83 | -49.27 | |
| Onion | 0.17794 | 406.5 | 35.99 | 14.15 | 67.69 | 22.26 | -8.26 | -0.49 | |
| Fruits | 2.10717 | 234.8 | 7.43 | -4.51 | 13.48 | -3.69 | 31.87 | -4.48 | |
| Milk | 3.23818 | 250.3 | 0.04 | 0.16 | 3.30 | 1.21 | 10.46 | 5.30 | |
| Egg, Meat & Fish | 2.41384 | 280.4 | -6.62 | -2.06 | -3.25 | -3.34 | 1.56 | 2.52 | |
| Non-Food Articles | 4.25756 | 215.6 | 0.46 | -1.33 | -0.23 | 6.42 | 2.89 | -0.74 | |
| Fibres | 0.87737 | 208.1 | -1.65 | -1.09 | -2.47 | 7.60 | -3.20 | -10.53 | |
| Oil Seeds | 1.78051 | 212.1 | 0.90 | -2.53 | 3.38 | 3.77 | 6.31 | -0.89 | |
| Minerals | 1.52350 | 255.9 | 0.09 | 2.98 | 0.52 | 5.18 | 2.72 | -26.32 | |
| FUEL & POWER | 14.91021 | 187.1 | 1.08 | -2.04 | 0.19 | -0.48 | 7.35 | -12.81 | |
| Liquefied petroleum gas | 0.91468 | 162.7 | 0.12 | -0.18 | -3.06 | 0.00 | 8.90 | -5.02 | |
| Petrol | 1.09015 | 174.3 | 2.71 | -1.41 | 0.25 | 5.57 | 5.90 | -13.33 | |
| High speed diesel | 4.67020 | 198.8 | 1.53 | -4.10 | 3.29 | -2.17 | 12.64 | -16.75 | |
| MANUFACTURED PRODUCTS | 64.97164 | 153.7 | 0.39 | -0.32 | 1.17 | -0.13 | 4.07 | -1.47 | |
| Food Products | 9.97396 | 172.0 | 1.04 | -0.64 | 3.55 | 1.12 | 4.41 | -1.77 | |
| Sugar | 1.73731 | 160.5 | 2.37 | -4.12 | 6.05 | -8.02 | 1.99 | -17.48 | |
| Edible Oils | 3.04293 | 148.8 | 0.83 | -0.27 | -0.14 | 2.76 | 0.97 | 1.71 | |
| Beverages, Tobacco & Tobacco Product | 1.76247 | 206.1 | 0.91 | -0.29 | 2.15 | 1.43 | 9.96 | 3.10 | |
| Cotton Textiles | 2.60526 | 158.6 | -0.54 | 0.83 | 0.85 | 0.57 | 6.74 | -4.63 | |
| Man Made Textiles | 2.20573 | 133.5 | 1.26 | -0.67 | 1.48 | 0.68 | 5.71 | -2.55 | |
| Wood & Wood Products | 0.58744 | 197.9 | -0.64 | 0.82 | -0.91 | 4.32 | 5.27 | 6.57 | |
| Paper & Paper Products | 2.03350 | 153.6 | 0.20 | 0.46 | 1.49 | 0.46 | 6.54 | 2.54 | |
| Leather & Leather Products | 0.83509 | 144.3 | 1.44 | -0.69 | 1.30 | 1.41 | 3.64 | -2.43 | |
| Rubber & Plastic Products | 2.98697 | 149.4 | 0.33 | 0.00 | 0.47 | 0.74 | 4.58 | -0.80 | |
| Chemicals & Chemical Products | 12.01770 | 151.4 | 0.46 | 0.00 | 0.92 | 0.33 | 4.48 | -1.69 | |
| Non-Metallic Mineral Products | 2.55597 | 174.2 | 0.30 | -0.91 | 1.19 | -2.52 | 1.44 | 2.77 | |
| Cement & Lime | 1.38646 | 168.3 | 0.48 | -2.15 | 1.34 | -5.29 | -3.09 | 1.20 | |
| Basic Metals Alloys & Metal Product | 10.74785 | 157.1 | 0.12 | -1.01 | -0.30 | -2.96 | 3.02 | -5.98 | |
| Iron & Semis | 1.56301 | 143.8 | -0.37 | -1.37 | 1.13 | -3.43 | 6.00 | -10.52 | |
| Machinery & Machine Tools | 8.93148 | 135.2 | 0.15 | 0.15 | 1.13 | 0.15 | 2.98 | 0.37 | |
| Transport Equipment & Parts | 5.21282 | 137.8 | 0.00 | 0.07 | 0.22 | 0.36 | 2.10 | 1.25 | |
|
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 | ||||||
| July-15 | June-15 | May-15 | Apr-15 | Mar-15 | Feb-15 | |||
| ALL COMMODITIES | 100.00 | -4.05 | -2.40 | -2.20 | -2.43 | -2.33 | -2.17 | |
| PRIMARY ARTICLES | 20.12 | -3.66 | -0.76 | -1.05 | 0.50 | -0.17 | 1.01 | |
| Food Articles | 14.34 | -1.16 | 2.88 | 2.74 | 5.90 | 6.27 | 7.83 | |
| Cereals | 3.37 | -1.57 | -0.43 | 0.04 | 0.35 | 0.00 | 1.13 | |
| Rice | 1.79 | -2.86 | -1.74 | -1.43 | -0.04 | 0.65 | 3.28 | |
| Wheat | 1.12 | 1.96 | 1.64 | 2.60 | 1.65 | -1.19 | -2.40 | |
| Pulses | 0.72 | 35.75 | 33.67 | 23.10 | 15.47 | 13.22 | 14.50 | |
| Vegetables | 1.74 | -24.52 | -7.07 | -4.99 | -1.32 | 9.27 | 15.28 | |
| Potato | 0.20 | -49.27 | -52.40 | -50.71 | -41.05 | -21.50 | -5.20 | |
| Onion | 0.18 | -0.49 | 18.54 | 22.15 | 29.97 | 36.49 | 25.96 | |
| Fruits | 2.11 | -4.48 | 7.47 | 6.69 | 15.09 | 12.56 | 16.84 | |
| Milk | 3.24 | 5.30 | 5.18 | 6.89 | 7.42 | 7.48 | 7.99 | |
| Egg, Meat & Fish | 2.41 | 2.52 | -2.25 | -4.04 | 4.01 | 2.62 | 1.59 | |
| Non-Food Articles | 4.26 | -0.74 | 1.06 | -0.96 | -2.90 | -6.94 | -5.64 | |
| Fibres | 0.88 | -10.53 | -11.04 | -12.08 | -13.77 | -18.91 | -22.69 | |
| Oil Seeds | 1.78 | -0.89 | 2.59 | -0.64 | -1.52 | -1.26 | -0.20 | |
| Minerals | 1.52 | -26.32 | -28.39 | -26.50 | -28.62 | -29.58 | -29.55 | |
| FUEL & POWER | 14.91 | -12.81 | -10.03 | -9.43 | -12.98 | -12.23 | -14.77 | |
| Liquefied petroleum gas | 0.91 | -5.02 | -4.73 | -4.95 | -6.06 | -7.92 | -8.86 | |
| Petrol | 1.09 | -13.33 | -9.70 | -9.20 | -17.32 | -17.70 | -21.80 | |
| High speed diesel | 4.67 | -16.75 | -11.86 | -9.77 | -14.99 | -12.11 | -17.59 | |
| MANUFACTURED PRODUCTS | 64.97 | -1.47 | -0.77 | -0.52 | -0.45 | -0.19 | 0.26 | |
| Food Products | 9.97 | -1.77 | -0.12 | -0.29 | -1.05 | 0.59 | 1.25 | |
| Sugar | 1.74 | -17.48 | -11.89 | -11.17 | -8.76 | -4.85 | -2.20 | |
| Edible Oils | 3.04 | 1.71 | 2.83 | 0.82 | -1.23 | -1.16 | -0.82 | |
| Beverages, Tobacco & Tobacco Product | 1.76 | 3.10 | 4.34 | 4.20 | 2.94 | 3.83 | 4.06 | |
| Cotton Textiles | 2.61 | -4.63 | -5.92 | -5.38 | -4.77 | -4.37 | -2.47 | |
| Man Made Textiles | 2.21 | -2.55 | -0.67 | -0.81 | -1.71 | -1.78 | -1.71 | |
| Wood & Wood Products | 0.59 | 6.57 | 5.03 | 5.14 | 1.69 | 1.23 | 2.99 | |
| Paper & Paper Products | 2.03 | 2.54 | 2.27 | 2.61 | 2.74 | 3.59 | 3.56 | |
| Leather & Leather Products | 0.84 | -2.43 | -0.34 | -0.14 | -1.45 | -2.53 | -2.34 | |
| Rubber & Plastic Products | 2.99 | -0.80 | -0.47 | -0.47 | -1.07 | -1.07 | -0.74 | |
| Chemicals & Chemical Products | 12.02 | -1.69 | -1.24 | -1.18 | -1.37 | -1.11 | -0.79 | |
| Non-Metallic Mineral Products | 2.56 | 2.77 | 4.02 | 4.88 | 6.96 | 6.69 | 5.26 | |
| Cement & Lime | 1.39 | 1.20 | 3.93 | 5.19 | 7.68 | 8.29 | 5.20 | |
| Basic Metals Alloys & Metal Product | 10.75 | -5.98 | -4.91 | -4.01 | -3.06 | -3.40 | -2.21 | |
| Iron & Semis | 1.56 | -10.52 | -9.61 | -7.91 | -5.66 | -6.29 | -5.02 | |
| Machinery & Machine Tools | 8.93 | 0.37 | 0.37 | 0.90 | 1.05 | 1.35 | 1.81 | |
| Transport Equipment & Parts | 5.21 | 1.25 | 1.18 | 1.40 | 1.33 | 1.10 | 0.96 | |
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