The official statement on the wholesale price index for December 2012 follows:
The official Wholesale Price Index for 'All Commodities' (Base: 2004-05 = 100) for the month December, 2012 declined by 0.1 percent to 168.6 (Provisional) from 168.8 (Provisional) for the previous month.
INFLATION
The annual rate of inflation, based on monthly WPI, stood at 7.18 percent (Provisional) for the month of December, 2012 (over December, 2011) as compared to 7.24 percent (Provisional) for the previous month and 7.74 percent during the corresponding month of the previous year. Build up inflation in the financial year so far was 4.72 percent compared to a build up of 5.22 percent 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 percent)
The index for this major group declined by 0.4 percent to 220.0 (Provisional) from 220.8 (Provisional) for the previous month. The groups and items which showed variations during the month are as follows:-
The index for 'Food Articles' group declined by 0.5 percent to 212.2 (Provisional) from 213.2 (Provisional) for the previous month due to lower price of coffee (5 percent), fruits & vegetables and arhar (4 percent each), gram and fish-marine ( 3 percent each), masur (2 percent) and urad (1 percent). However, the price of bajra (8 percent), barley (5 percent), maize, rice, tea, ragi and poultry chicken (3 percent each), jowar and fish-inland (2 percent each) and wheat, moong, mutton and condiments & spices (1 percent each) moved up.
The index for 'Non-Food Articles' group rose by 0.8 percent to 202.9 (Provisional) from 201.3 (Provisional) for the previous month, due to higher price of guar seed (31 percent), gingelly seed (8 percent), flowers (7 percent), raw silk, logs & timber and sunflower (4 percent each), fodder, copra and tobacco (3 percent each), linseed (2 percent) and coir fibre (1 percent). However, the price of raw rubber (7 percent), niger seed (4 percent), groundnut seed (3 percent), castor seed and raw jute (2 percent each) and cotton seed, mesta and rape & mustard seed (1 percent each) declined.
The index for 'Minerals' group declined by 1.8 percent to 340.8 (Provisional) from 347.1 (Provisional) for the previous month due to lower price of iron ore and copper ore (3 percent each), steatite and crude petroleum (2 percent each) and magnesite (1 percent). However, the price of sillimanite (12 percent), barytes (8 percent) and zinc concentrate (4 percent) moved up.
FUEL & POWER (Weight 14.91 percent)
The index for this major group rose by 0.1 percent to 188.9 (Provisional) from 188.8 (Provisional) for the previous month due to higher price of bitumen (17 percent). However, the price of furnace oil (2 percent) and aviation turbine fuel and petrol (1 percent each) declined.
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MANUFACTURED PRODUCTS (Weight 64.97 percent)
The index for this major group remained unchanged at its previous month's level of 148.0 (Provisional). The groups and items for which the index showed variations during the month are as follows:-
The index for 'Food Products' group declined by 0.4 percent to 167.1 (Provisional) from 167.7 (Provisional) for the previous month due to lower price of oil cakes and gur (5 percent each), tea dust (unblended) (4 percent), tea leaf (unblended), canned fish and tea leaf (blended) (3 percent each), rice bran oil (2 percent) and wheat flour (atta) and gram powder (besan) (1 percent each). However, the price of gingelly oil (8 percent), groundnut oil (6 percent), processed prawn (3 percent), mixed spices, gola (cattle feed), tea dust (blended) and copra oil (2 percent each) and bakery products, khandsari, soyabean oil, sooji (rawa), sunflower oil and maida (1 percent each) moved up.
The index for 'Beverages, Tobacco & Tobacco Products' group declined by 0.1 percent to 176.6 (Provisional) from 176.7 (Provisional) for the previous month due to lower price of dried tobacco and beer (2 percent each) and imfl- blended (1 percent). However, the price of bidi (1 percent) moved up.
The index for 'Textiles' group rose by 0.3 percent to 132.2 (Provisional) from 131.8 (Provisional) for the previous month due to higher price of jute sacking bag (2 percent). However, the price of tyre cord fabric (1 percent) declined.
The index for 'Wood & Wood Products' group rose by 0.1 percent to 172.3 (Provisional) from 172.1 (Provisional) for the previous month due to higher price of plywood & fibre board (1 percent).
The index for 'Paper & Paper Products' group rose by 0.4 percent to 137.2 (Provisional) from 136.7 (Provisional) for the previous month due to higher price of corrugated sheet boxes, books/ periodicals/ journals, paper for printing / poster and cream laid woven paper (1 percent each).
The index for 'Leather & Leather Products' group rose by 1.1 percent to 135.0 (Provisional) from 133.5 (Provisional) for the previous month due to higher price of leather footwear (2 percent) and leathers (1 percent).
The index for 'Rubber & Plastic Products' group rose by 0.1 percent to 138.1 (Provisional) from 138.0 (Provisional) for the previous month due to higher price of rubber transmission belt (3 percent), plastic bottles, plastic cabinet, plastic/pvc chappals and reclined rubber (2 percent each) and bus/truck tyre, plastic/pvc shoes and hdpe woven fabric (1 percent each). However, the price of plastic/pvc pipe (3 percent) and rubber components & parts (1 percent) declined.
The index for 'Chemicals & Chemical Products' group rose by 0.1 percent to 144.0 (Provisional) from 143.9 (Provisional) for the previous month due to higher price of non-cyclic compound, washing powder, polymers, pesticides and photographic goods (1 percent each). However, the price of tooth paste/ tooth powder (3 percent), turpentine oil (2 percent) and rubber chemicals and ayurvedic medicines (1 percent each) declined.
The index for 'Non-Metallic Mineral Products' group declined by 0.1 percent to 163.3 (Provisional) from 163.5 (Provisional) for the previous month due to lower price of glass bottles & bottleware and grey cement (1 percent each). However, the price of marbles (6 percent) and white cement (1 percent) moved up.
The index for 'Basic Metals, Alloys & Metal Products' group declined by 0.4 percent to 165.7 (Provisional) from 166.4 (Provisional) for the previous month due to lower price of pencil ingots and steel structures (5 percent each), pig iron and melting scrap (2 percent each) and pipes/tubes/rods/strips, ferro chrome, rounds, hrc, gp/gc sheets and joist & beams (1 percent each). However, the price of silver (2 percent) and iron & steel wire, copper products (other than wire), lead, billets, aluminium, steel: pipes & tubes and steel castings (1 percent each) moved up.
The index for 'Machinery & Machine Tools' group rose by 0.3 percent to 128.9 (Provisional) from 128.5 (Provisional) for the previous month due to higher price of electric motor starters, industrial furnaces, electric switch gears and ball/roller bearing (2 percent each) and electric motors, industrial valves, engines, fans, regulators, material handling equipments, hydraulic equipment and conductor (1 percent each). However, the price of pump & assembly (1 percent) declined.
The index for 'Transport, Equipment & Parts' group rose by 0.4 percent to 131.0 (Provisional) from 130.5 (Provisional) for the previous month due to higher price of bi-cycles (5 percent) and tractors and motor vehicles (1 percent each). However, the price of buses /mini buses / trucks (1 percent) declined.
FINAL INDEX FOR THE MONTH OF OCTOBER , 2012 (BASE YEAR: 2004-05=100)
For the month of October, 2012, the final Wholesale Price Index for 'All Commodities' (Base: 2004-05=100) stood at 168.5 as compared to 168.7 (provisional) and annual rate of inflation based on final index stood at 7.32 percent as compared to 7.45 percent respectively as reported on 14.11.2012.
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