Index Numbers of Wholesale Price in India (Base: 2004-05=100) Review for the month of August, 2016
Index Numbers of Wholesale Price in India (Base: 2004-05=100) Review for the month of August, 2016
The official Wholesale Price Index for ‘All Commodities’ (Base: 2004-05=100) for the month of August, 2016 declined by 0.4 percent to 183.1 (provisional) from 183.9 (provisional) for the previous month.
INFLATION
The annual rate of inflation, based on monthly WPI, stood at 3.74% (provisional) for the month of August, 2016 (over August, 2015) as compared to 3.55% (provisional) for the previous month and -5.06% during the corresponding month of the previous year. Build up inflation rate in the financial year so far was 4.45% compared to a build up rate of 0.23% 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 declined by 0.2 percent to 268.9 (provisional) from 269.5 (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 284.2 (provisional) from 285.8 (provisional) for the previous month due to lower price of poultry chicken and urad (6% each), moong (5%), arhar and fruits & vegetables (4% each), tea (3%), maize and egg (2% each) and masur (1%). However, the price of gram (8%), mutton (5%), condiments & spices (3%), fish-inland (2 %) and wheat, coffee, fish-marine and barley (1% each) moved up.
The index for ‘Non-Food Articles’ group declined by 0.1 percent to 236.3 (provisional) from 236.6 (provisional) for the previous month due to lower price of hides (raw) (30%), raw jute (20%), fodder (6%), mesta (5%), raw rubber and niger seed (3% each), soyabean (2%) and cotton seed, sunflower, skins(raw) and coir fibre (1% each). However, the price of flowers (16%), gingelly seed (12%), copra (coconut) (7%), guar seed (5%), linseed and rape & mustard seed (3% each), castor seed (2%) and safflower (kardi seed), raw cotton, groundnut seed and raw wool (1% each) moved up.
The index for ‘Minerals’ group rose by 3.5 percent to 216.3 (provisional) from 208.9 (provisional) for the previous month due to higher price of copper ore (17%), sillimanite (4%), crude petroleu
