The official Wholesale Price Index for ‘All Commodities’ (Base: 2004-05=100) for the month of December, 2015 declined by 0.1 percent to 177.4 (provisional) from 177.6 (provisional) for the previous month.

 

INFLATION

 

The annual rate of inflation, based on monthly WPI, stood at -0.73% (provisional) for the month of December, 2015 (over December, 2014) as compared to -1.99% (provisional) for the previous month and -0.50% during the corresponding month of the previous year.  Build up inflation rate in the financial year so far was 0.74% compared to a build up rate of -0.89% 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 0.5 percent to 257.8 (provisional) from 256.5 (provisional).  The groups and items which showed variations during the month are as follows:-

 

The index for ‘Food Articles’ group rose by 0.6 percent to 272.7 (provisional) from 271.0 (provisional) for the previous month due to higher price of poultry chicken (18%), fish-inland (10%), beef & buffalo meat (9%), pork and bajra (4% each),      egg, tea, fish-marine and condiments & spices (3% each), jowar, urad and barley (2% each) and maize, arhar and wheat (1 % each).  However, the price of moong (7%), masur (5%), fruits & vegetables (2%) and mutton (1%) declined.

 

The index for ‘Non-Food Articles’ group rose by 1.0 percent to 223.9 (provisional) from 221.7 (provisional) for the previous month due to higher price of mesta and flowers (12% each), raw jute and linseed (5% each), groundnut seed and raw wool (4% each), niger seed (3%), fodder and raw cotton (2% each) and rape & mustard seed and sunflower (1% each).  However, the price of guar seed (11%), castor seed and raw rubber (7% each), soyabean and gingelly seed (3% each), coir fibre (2%) and copra (coconut) and cotton seed (1% each) declined.

 

The index for  ‘Minerals’ group declined by 2.4 percent to  212.3 (provisional) from 217.6  (provisional) for the previous month due to lower price of iron ore (10%), zinc concentrate (6%) and manganese ore (1%).  However, the price of      sillimanite and copper ore (1% each) moved up.

 

 

FUEL & POWER (Weight 14.91%)

 

The index for this major group declined by 0.6 percent to 176.8 (provisional) from 177.9 (provisional) for the previous month due to lower prices of furnace oil (10%), bitumen (3%) and petrol and aviation turbine fuel (1% each).  However, the price of LPG (1%) moved up.

 

MANUFACTURED PRODUCTS (Weight 64.97%)

 

The index for this major group declined by 0.3 percent to 152.6 (provisional) from 153.0 (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 0.3 percent to 175.4 (provisional) from 174.9 (provisional) for the previous month due to higher price of tea dust (unblended) (7%), gram powder (besan) (6%), cotton seed oil and canned fish (4% each) and soyabean oil, mixed spices, processed prawn, mustard & rapeseed oil, sugar, wheat flour (atta), groundnut oil,     palm oil, maida, sugar confectionary, gola (cattle feed) and bakery products (1% each).  However, the price of powder milk (5%), tea leaf (blended) and gur (3% each), sooji (rawa), oil cakes and sunflower oil (2% each) and gingelly oil, tea leaf (unblended), copra oil and khandsari (1% each) declined.

 

The index for ‘Beverages, Tobacco & Tobacco Products’ group declined by 0.4 percent to 205.2 (provisional) from 206.0 (provisional) for the previous month due to lower price of bidi (2%).  However, the price of zarda (4%) and dried tobacco    (1%) moved up.

 

The index for ‘Textiles’ group declined by 0.1 percent to 139.7 (provisional) from 139.8 (provisional) for the previous month due to lower price of man made fabric and cotton yarn (1% each).  However, the price of jute sacking cloth, jute yarn and gunny and hessian cloth (2% each) and tyre cord fabric, jute sacking bag and cotton fabric (1% each) moved up.

 

The index for ‘Wood & Wood Products’ group declined by 0.7 percent to 196.4 (provisional) from 197.7 (provisional) for the previous month due to lower price of processed wood (1%).

 

The index for ‘Paper & Paper Products’ group rose by 0.2 percent to 154.9 (provisional) from 154.6 (provisional) for the previous month due to higher price of paper cartons / boxes (2%) and books/ periodicals/ journals and newsprint (1% each). However, the price of corrugated sheet boxes (1%) declined.

 

The index for ‘Leather & Leather Products’ group rose by 0.4 percent to 144.4 (provisional) from 143.8 (provisional) for the previous month due to higher price of leather garments & jackets (2%).

 

The index for ‘Rubber & Plastic Products’ group declined by 0.3 percent to 145.8 (provisional) from 146.3 (provisional) for the previous month due to lower price of plastic products (1%).

 

The index for ‘Chemicals & Chemical Products’ group declined by 0.5 percent to 149.9 (provisional) from 150.6 (provisional) for the previous month due to lower price of antibiotics (3%), hair / body oils and non-cyclic compound (2% each) and pesticides, polymers, urea, rubber chemicals, photographic goods and explosives (1% each).  However, the price of synthetic resin (2%) and pigment & pigment intermediates and safety matches/ match box (1% each) moved up.

 

The index for ‘Non-Metallic Mineral Products’ group rose by 0.3 percent to 177.5 (provisional) from 176.9 (provisional) for the previous month due to higher price of polished granite (2%) and bricks & tiles (1%).  However, the price of marbles      (3%) declined.

 

The index for ‘Basic Metals, Alloys & Metal Products’ group declined by 1.2 percent to 150.3 (provisional) from 152.2 (provisional) for the previous month due to lower price of pig iron, angles, plates and melting scrap (4% each), HRC,     pencil  ingots and CRC (3% each), joist & beams, gp/gc sheets, billets, rounds, ferro silicon and steel: pipes & tubes (2% each) and sponge iron, rebars, wire rods, steel rods, copper / copper ingots and steel castings (1% each).  However, the price of zinc (5%) and sheets, ferro chrome and ferro manganese (1% each) moved up.

 

The index for ‘Transport, Equipment & Parts’ group rose by 0.1 percent to 138.0 (provisional) from 137.9 (provisional) for the previous month due to higher price of auto rickshaw / tempo/matador (3%).

 

 

FINAL INDEX FOR THE MONTH OF OCTOBER, 2015 (BASE YEAR: 2004-05=100)

 

For the month of October, 2015, the final Wholesale Price Index for ‘All Commodities’ (Base: 2004-05=100) stood at 176.9 as compared to 176.7 (provisional) and annual rate of inflation based on final index stood at -3.70 percent as compared to     -3.81 percent (provisional) respectively as reported on 16.11.2015.

 

 

Next date of press release: 15/02/2016 for the month of January, 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 December, 2015
Commodities/Major Groups/Groups/Sub-Groups	Weight	WPI Dec- 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	177.4	-1.38		-0.11	-0.89	0.74	-0.50	-0.73
PRIMARY ARTICLES	20.11815	257.8	-2.55		0.51	2.09	7.87	0.29	5.48
Food Articles	14.33709	272.7	-2.14		0.63	7.46	9.39	4.95	8.17
Cereals	3.37323	237.1	-0.72		0.42	0.95	2.60	1.35	1.63
Rice	1.79348	237.3	-2.08		-0.08	3.53	1.58	4.43	-1.25
Wheat	1.11595	222.7	1.32		0.54	-1.56	3.34	-2.36	3.73
Pulses	0.71662	378.2	1.04		-0.58	6.72	46.70	5.93	55.64
Vegetables	1.73553	318.4	-9.55		-4.41	33.11	46.86	-6.41	20.56
Potato	0.20150	174.8	-36.95		-11.45	39.62	15.61	0.52	-34.99
Onion	0.17794	435.4	-1.20		-18.48	41.87	30.95	-19.70	25.98
Fruits	2.10717	237.1	-3.13		-0.04	8.63	-2.75	17.77	0.76
Milk	3.23818	250.9	-0.16		0.04	7.13	1.46	9.41	1.78
Egg, Meat & Fish	2.41384	296.6	-1.16		6.19	-0.11	2.24	1.15	5.03
Non-Food Articles	4.25756	223.9	-0.29		0.99	-4.50	10.51	-3.62	7.70
Fibres	0.87737	208.0	0.30		2.51	-14.80	7.55	-13.86	2.36
Oil Seeds	1.78051	217.9	-0.98		0.05	-2.56	6.60	-0.88	8.03
Minerals	1.52350	212.3	-10.43		-2.44	-20.69	-12.74	-22.73	-22.52
FUEL & POWER	14.91021	176.8	-2.75		-0.62	-9.15	-5.96	-7.82	-9.15
Liquefied petroleum gas	0.91468	162.9	-2.05		1.37	-5.43	0.12	-3.19	-2.51
Petrol	1.09015	157.3	-2.57		-1.07	-14.86	-4.72	-11.96	-7.90
High speed diesel	4.67020	181.7	-3.35		0.17	-8.82	-10.58	-6.31	-13.80
MANUFACTURED PRODUCTS	64.97164	152.6	-0.32		-0.26	0.32	-0.84	1.44	-1.36
Food Products	9.97396	175.4	-0.75		0.29	1.71	3.12	1.30	1.98
Sugar	1.73731	169.8	-2.06		1.13	0.93	-2.69	-1.33	-8.27
Edible Oils	3.04293	151.5	-0.49		0.80	-2.25	4.63	-3.44	5.80
Beverages, Tobacco & Tobacco Product	1.76247	205.2	0.05		-0.39	3.22	0.98	8.37	1.58
Cotton Textiles	2.60526	155.5	-0.75		-0.06	-3.52	-1.40	0.00	-2.26
Man Made Textiles	2.20573	130.2	-0.96		-0.46	-0.15	-1.81	0.90	-3.41
Wood & Wood Products	0.58744	196.4	0.91		-0.66	0.91	3.53	5.29	3.86
Paper & Paper Products	2.03350	154.9	0.00		0.19	2.37	1.31	4.14	2.51
Leather & Leather Products	0.83509	144.4	-1.23		0.42	-1.16	1.48	-0.55	0.07
Rubber & Plastic Products	2.98697	145.8	-0.53		-0.34	-0.33	-1.69	0.88	-2.41
Chemicals & Chemical Products	12.01770	149.9	-0.52		-0.46	-0.13	-0.66	1.67	-1.64
Non-Metallic Mineral Products	2.55597	177.5	-0.91		0.34	3.64	-0.67	4.26	2.25
Cement & Lime	1.38646	173.6	-0.99		-0.06	3.11	-2.31	2.73	2.60
Basic Metals Alloys & Metal Product	10.74785	150.3	-0.24		-1.25	-1.73	-7.16	-0.24	-8.74
Iron & Semis	1.56301	131.8	-2.04		-2.73	-3.52	-11.48	0.13	-14.02
Machinery & Machine Tools	8.93148	134.9	-0.07		0.00	1.05	-0.07	1.51	0.22
Transport Equipment & Parts	5.21282	138.0	0.07		0.07	0.15	0.51	0.07	1.47

 

 

 

 

 

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
		Dec-15	Nov-15	Oct-15	Sept-15	August-15	July-15
ALL COMMODITIES	100.00	-0.73	-1.99	-3.70	-4.59	-5.06	-4.00
PRIMARY ARTICLES	20.12	5.48	2.27	0.04	-2.29	-4.21	-3.98
Food Articles	14.34	8.17	5.20	3.33	0.84	-1.02	-1.20
Cereals	3.37	1.63	0.47	-0.13	-1.02	-1.98	-1.66
Rice	1.79	-1.25	-3.22	-3.40	-3.76	-3.89	-2.86
Wheat	1.12	3.73	4.53	4.58	3.29	2.09	1.96
Pulses	0.72	55.64	58.17	53.06	38.94	36.49	36.18
Vegetables	1.74	20.56	14.08	3.17	-8.60	-20.03	-24.43
Potato	0.20	-34.99	-53.72	-58.10	-57.98	-51.76	-48.87
Onion	0.18	25.98	52.69	89.52	120.69	74.44	-0.49
Fruits	2.11	0.76	-2.35	-4.46	-5.15	-1.42	-4.52
Milk	3.24	1.78	1.58	1.75	2.16	2.08	5.30
Egg, Meat & Fish	2.41	5.03	-2.24	0.46	2.02	3.30	2.52
Non-Food Articles	4.26	7.70	6.33	5.10	2.70	-0.46	-0.51
Fibres	0.88	2.36	0.15	-2.20	-6.86	-9.09	-10.88
Oil Seeds	1.78	8.03	6.92	6.66	2.50	-2.20	-0.23
Minerals	1.52	-22.52	-28.87	-33.64	-34.27	-34.35	-29.83
FUEL & POWER	14.91	-9.15	-11.09	-16.32	-17.71	-16.21	-11.56
Liquefied petroleum gas	0.91	-2.51	-5.80	-5.83	-5.45	-5.32	-4.90
Petrol	1.09	-7.90	-9.30	-13.16	-14.78	-13.82	-11.14
High speed diesel	4.67	-13.80	-16.83	-26.21	-28.10	-25.37	-15.91
MANUFACTURED PRODUCTS	64.97	-1.36	-1.42	-1.67	-1.73	-1.99	-1.54
Food Products	9.97	1.98	0.92	0.46	-0.69	-2.11	-1.94
Sugar	1.74	-8.27	-11.16	-13.08	-16.45	-18.44	-17.63
Edible Oils	3.04	5.80	4.45	4.74	3.35	1.17	1.37
Beverages, Tobacco & Tobacco Product	1.76	1.58	2.03	2.29	2.13	2.13	3.15
Cotton Textiles	2.61	-2.26	-2.93	-4.00	-4.52	-5.02	-5.29
Man Made Textiles	2.21	-3.41	-3.89	-5.09	-4.91	-3.49	-2.63
Wood & Wood Products	0.59	3.86	5.50	4.81	3.91	4.36	6.14
Paper & Paper Products	2.03	2.51	2.32	2.31	2.72	3.00	2.67
Leather & Leather Products	0.84	0.07	-1.57	-1.37	-0.95	-0.75	-1.89
Rubber & Plastic Products	2.99	-2.41	-2.60	-2.78	-2.71	-1.85	-0.93
Chemicals & Chemical Products	12.02	-1.64	-1.70	-1.83	-1.89	-1.88	-1.69
Non-Metallic Mineral Products	2.56	2.25	0.97	0.45	1.26	2.75	3.48
Cement & Lime	1.39	2.60	1.64	-0.12	1.04	2.51	2.47
Basic Metals Alloys & Metal Product	10.75	-8.74	-7.81	-7.50	-6.74	-7.50	-6.28
Iron & Semis	1.56	-14.02	-13.42	-12.96	-10.90	-12.31	-10.64
Machinery & Machine Tools	8.93	0.22	0.15	0.00	0.07	0.30	0.30
Transport Equipment & Parts	5.21	1.47	1.47	1.32	1.25	1.10	1.25

 

 

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