Inflation @ 4.89% in April 2013

The official Wholesale Price Index for 'All Commodities' (Base: 2004-05 = 100) for the month April, 2013 rose by 0.5 % to 171.5 (provisional) from 170.6 (provisional) for the previous month.

The annual rate of inflation, based on monthly WPI, stood at 4.89% (provisional) for the month of April, 2013 (over April, 2012) as compared to 5.96% (provisional) for the previous month and 7.50% during the corresponding month of the previous year. Build up inflation rate in the financial year so far was 0.53% compared to a build up rate of 1.55% in the corresponding period of the previous year.

 

PRIMARY ARTICLES

The index for this major group rose by 2.0 % to 228.0 (provisional) from 223.6 (provisional) for the previous month.

The index for 'Food Articles' group rose by 2.6 % to 219.8 (provisional) from 214.3 (provisional) for the previous month due to higher price of fruits & vegetables (11%), masur (4%) and fish-marine, condiments & spices, urad and tea (1% each). However, the price of poultry chicken (7%) and barley, jowar, ragi, wheat, gram and egg (1% each) declined.

The index for 'Non-Food Articles' group rose by 1.4 % to 209.7 (provisional) from 206.9 (provisional) for the previous month due to higher price of flowers (11%), soyabean (8%), groundnut seed and raw silk (5% each), fodder (2%) and copra, coir fibre, cotton seed, sunflower and mesta (1% each). However, the price of guar seed and linseed (4% each), raw rubber (3%) and raw cotton, castor seed, rape & mustard seed and gingelly seed (1% each) declined.

The index for 'Minerals' group declined by 0.7 % to 355.0 (provisional) from 357.4 (provisional) for the previous month due to lower price of sillimanite (11%), crude petroleum (2%). However, the price of magnesite, steatite and copper ore (2% each) and barytes (1%) moved up.

FUEL & POWER

The index for this major group declined by 0.7 % to 194.6 (provisional) from 195.9 (provisional) for the previous month due to lower price of aviation turbine fuel (6%), petrol and furnace oil (2% each), lpg(1%). However, the price of bitumen (1%) moved up.

MANUFACTURED PRODUCTS

The index for this major group rose by 0.2 % to 148.7 (provisional) from 148.4 (provisional) for the previous month.

The index for 'Food Products' group rose by 0.5 % to 165.8 (provisional) from 164.9 (provisional) for the previous month due to higher price of processed prawn (6%), tea leaf (unblended) (5%), oil cakes, gur and tea dust (unblended) (3% each), mixed spices (2%) and groundnut oil, cotton seed oil, sunflower oil and gola (cattle feed) (1 % each). However, the price of coffee powder, maida, khandsari, soyabean oil, canned fish and mustard & rapeseed oil (1% each) declined.

The index for 'Beverages, Tobacco & Tobacco Products' group rose by 1.7 % to 181.2 (provisional) from 178.1 (provisional) for the previous month due to higher price of cigarette (8%) and dried tobacco (1%).The index for 'Textiles' group rose by 0.7 % to 133.6 (provisional) from 132.7 (provisional) for the previous month due to higher price of cotton yarn (2%) and gunny and hessian cloth and woollen textiles (1% each).

The index for 'Wood & Wood Products' group rose by 0.3 % to 174.0 (provisional) from 173.5 (provisional) for the previous month due to higher price of plywood & fibre board (1%).The index for 'Leather & Leather Products' group rose by 0.6 % to 135.1 (provisional) from 134.3 (provisional) for the previous month due to higher price of leather garments & jackets (3%) and leather footwear (1%).

The index for 'Rubber & Plastic Products' group rose by 0.1 % to 139.5 (provisional) from 139.4 (provisional) for the previous month due to higher price of plastic/ldpe/polythene bags and tooth brush (3% each). The index for 'Chemicals & Chemical Products' group rose by 0.2 % to 145.8 (provisional) from 145.5 (provisional) for the previous month due to higher price of synthetic resin (5%), agarbattis (3%) and vaccines (1%). However, the price of pesticides (3%) and ammonium sulphate and hair / body oils (1% each) declined.

The index for 'Non-Metallic Mineral Products' group declined by 0.7 % to 166.6 (provisional) from 167.7 (provisional) for the previous month due to lower price of marbles (16%) and glass bottles & bottleware (1%). However, the price of white cement (1%) moved up. The index for 'Basic Metals, Alloys & Metal Products' group declined by 0.3 % to 164.3 (provisional) from 164.8 (provisional) for the previous month due to lower price of silver and lead (4% each), gold & gold ornaments (3%) and slab, crc, zinc, rounds, wire rods, melting scrap and iron castings (1% each). However, the price of ferro chrome (2%) and iron & steel wire, steel castings, pipes/tubes/rods/strips, ferro manganese, pencil ingots and sponge iron (1% each) moved up.

The index for 'Machinery & Machine Tools' group rose by 0.1 % to 129.6 (provisional) from 129.5 (provisional) for the previous month due to higher price of fibre optic cable (4%), electric switches (2%) and pvc insulated cable, grinding /wet coffee machinery, hydraulic equipment, batteries and harvester (1% each). However, the price of lamps (6%), ups / stabilizer (4%) and pump & assembly, t.v.sets, electric generators and boiler & accessories (1% each) declined. The index for 'Transport, Equipment & Parts' group rose by 0.1 % to 132.4 (provisional) from 132.3 (provisional) for the previous month due to higher price of trolleys/tanker (1%).

Revistion for inflation index

For the month of February, 2013, the final Wholesale Price Index for 'All Commodities' (Base: 2004-05=100) stood at 170.9 as compared to 170.2 (provisional) and annual rate of inflation based on final index stood at 7.28 % as compared to 6.84 % respectively as reported on 14.02.2013.

Wholesale Price Index and Rates of Inflation (Base Year: 2004-05=100)Commodities/Major Groups/Groups/Sub-Groups Weight WPI Apr., 2013 Latest month over month Build up from March Year on year 2012-13 2013-14 2012-13 2013-14 2012-13 2013-14ALL COMMODITIES 100 171.5 1.55 0.53 1.55 0.53 7.5 4.89PRIMARY ARTICLES 20.11815 228 3.75 1.97 3.75 1.97 9.55 5.75Food Articles 14.33709 219.8 5.12 2.57 5.12 2.57 10.92 6.08Cereals 3.37323 213.1 2.22 -0.14 2.22 -0.14 6.84 15.63Rice 1.79348 207.6 1.08 0.39 1.08 0.39 5.98 17.09Wheat 1.11595 204.2 4.18 -1.02 4.18 -1.02 5.97 13.89Pulses 0.71662 232.7 0.33 0.13 0.33 0.13 11.29 10.28Vegetables 1.73553 216.1 25.05 14.82 25.05 14.82 61.85 -9.05Potato 0.2015 169.6 37.28 11.58 37.28 11.58 59.3 -2.42Onion 0.17794 267.6 2.65 0.98 2.65 0.98 -11.03 91.69Fruits 2.10717 198.4 11.68 7.42 11.68 7.42 -15.34 0.71Milk 3.23818 211.1 0.79 0.43 0.79 0.43 15.68 4.04Egg, Meat & Fish 2.41384 253.8 0.17 -0.35 0.17 -0.35 17.54 10.44Non-Food Articles 4.25756 209.7 2.63 1.35 2.63 1.35 1.4 7.59Fibres 0.87737 219.1 1.28 -0.63 1.28 -0.63 -30.98 11.11Oil Seeds 1.78051 210.1 3.91 3.09 3.91 3.09 16.72 18.03Minerals 1.5235 355 -1.92 -0.67 -1.92 -0.67 15.91 0.88FUEL & POWER 14.91021 194.6 0.56 -0.66 0.56 -0.66 12.1 8.84Liquefied petroleum gas 0.91468 183.2 1.09 -1.03 1.09 -1.03 15.52 23.04Petrol 1.09015 183.1 0 -1.98 0 -1.98 12.04 3.04High speed diesel 4.6702 203.7 0 0.15 0 0.15 9.24 21.39MANUFACTURED PRODUCTS 64.97164 148.7 0.84 0.2 0.84 0.2 5.27 3.41Food Products 9.97396 165.8 0.91 0.55 0.91 0.55 6.36 6.62Sugar 1.73731 192.2 0.63 0.16 0.63 0.16 3.16 8.9Edible Oils 3.04293 145.2 1.84 0.14 1.84 0.14 11.18 0.69Beverages, Tobacco & Tobacco Product 1.76247 181.2 0.83 1.74 0.83 1.74 9.41 6.78Cotton Textiles 2.60526 150.7 0.85 1.34 0.85 1.34 -9.41 5.75Man Made Textiles 2.20573 127.1 0.42 -0.08 0.42 -0.08 -1.87 5.39Wood & Wood Products 0.58744 174 0.79 0.29 0.79 0.29 8.49 4.76Paper & Paper Products 2.0335 140 0.83 0 0.83 0 2.29 4.63Leather & Leather Products 0.83509 135.1 0.3 0.6 0.3 0.6 4.26 2.27Rubber & Plastic Products 2.98697 139.5 0.37 0.07 0.37 0.07 1.2 3.26Chemicals & Chemical Products 12.0177 145.8 0.79 0.21 0.79 0.21 7.1 3.92Non-Metallic Mineral Products 2.55597 166.6 0.95 -0.66 0.95 -0.66 7.25 4.32Cement & Lime 1.38646 171.8 1.1 -0.06 1.1 -0.06 6.87 4.18Basic Metals Alloys & Metal Product 10.74785 164.3 1.59 -0.3 1.59 -0.3 11.12 -0.96Iron & Semis 1.56301 155.5 1.82 0.45 1.82 0.45 18.48 -7.44Machinery & Machine Tools 8.93148 129.6 0 0.08 0 0.08 2.02 2.53Transport Equipment & Parts 5.21282 132.4 0.32 0.08 0.32 0.08 3.43 4.42Source PIB Trend of Rate of Inflation for some important items during last six monthsCommodities/Major Groups/Groups/Sub-Groups Weight (%) Rate of Inflation for the last six months 13-Apr 13-Mar 13-Feb 13-Jan 12-Dec 12-NovALL COMMODITIES 100 4.89 5.96 7.28 7.31 7.31 7.24PRIMARY ARTICLES 20.12 5.75 7.6 10.54 11.41 10.56 9.56Food Articles 14.34 6.08 8.73 11.95 12.35 10.63 8.8Cereals 3.37 15.63 18.36 18.63 18.6 19.08 17.84Rice 1.79 17.09 17.9 17.75 17.77 17.1 15.28Wheat 1.12 13.89 19.87 21.81 21.87 22.63 23.25Pulses 0.72 10.28 10.51 13.95 15.89 16.25 18.77Vegetables 1.74 -9.05 -0.95 19.88 30.02 14.36 -1.53Potato 0.2 -2.42 20.06 50.14 73.1 58.03 67.85Onion 0.18 91.69 94.85 182.36 125.17 72.79 16.55Fruits 2.11 0.71 4.71 10.16 10.28 4.84 7.43Milk 3.24 4.04 4.42 4.52 4.52 6.15 6.18Egg, Meat & Fish 2.41 10.44 11.03 12.37 11.2 12.66 14.24Non-Food Articles 4.26 7.59 8.95 10.71 13 13.56 14.04Fibres 0.88 11.11 13.25 5.38 3.27 0.69 -1.34Oil Seeds 1.78 18.03 18.97 24.35 27.05 30.02 30.6Minerals 1.52 0.88 -0.39 2.79 4.03 5.57 6.88FUEL & POWER 14.91 8.84 10.18 10.64 9.27 10.25 9.97Liquefied petroleum gas 0.91 23.04 25.66 26.21 24.24 19.01 4.01Petrol 1.09 3.04 5.12 4.84 3.43 3.43 1.48High speed diesel 4.67 21.39 21.22 20.8 18.47 14.6 14.6MANUFACTURED PRODUCTS 64.97 3.41 4.07 4.8 4.95 5.04 5.41Food Products 9.97 6.62 7.01 8.81 8.68 8.74 9.25Sugar 1.74 8.9 9.41 10.49 10.09 9.84 15.48Edible Oils 3.04 0.69 2.4 7.04 7.54 9.2 9.76Beverages, Tobacco & Tobacco Product 1.76 6.78 5.82 6.38 6.76 7.14 8.13Cotton Textiles 2.61 5.75 5.24 5.27 5.1 4.89 5.46Man Made Textiles 2.21 5.39 5.91 6.59 6.26 5.55 4.36Wood & Wood Products 0.59 4.76 5.28 5.8 6.17 6.9 5.98Paper & Paper Products 2.03 4.63 5.5 5.37 5.61 4.08 3.47Leather & Leather Products 0.84 2.27 1.97 2.84 2.44 2.66 2.5Rubber & Plastic Products 2.99 3.26 3.57 3.8 3.65 3.51 3.3Chemicals & Chemical Products 12.02 3.92 4.53 5.73 5.66 5.86 6.27Non-Metallic Mineral Products 2.56 4.32 6.01 6.02 5.71 4.1 4.75Cement & Lime 1.39 4.18 5.4 5.86 5.18 2.23 4.73Basic Metals Alloys & Metal Product 10.75 -0.96 0.92 1.91 2.54 3.18 4.45Iron & Semis 1.56 -7.44 -6.18 -4.03 -2.76 -0.19 4.32Machinery & Machine Tools 8.93 2.53 2.45 2.38 2.62 2.55 2.63Transport Equipment & Parts 5.21 4.42 4.67 4.93 4.7 4.71 4.39Source PIB

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