OREANDA-NEWS. The official Wholesale Price Index for ‘All Commodities’ (Base: 2004-05=100) for the month of June, 2016 rose by 1.4 percent to 182.0 (provisional) from 179.4 (provisional) for the previous month.

 INFLATION

The annual rate of inflation, based on monthly WPI, stood at 1.62% (provisional) for the month of June, 2016 (over June, 2015) as compared to 0.79% (provisional) for the previous month and -2.13% during the corresponding month of the previous year.  Build up inflation rate in the financial year so far was 3.82% compared to a build up rate of 1.70% 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 2.9 percent to 262.8 (provisional) from 255.3 (provisional) for the previous month. The groups and items which showed variations during the month are as follows:-

The index for 'Food Articles’ group rose by 2.9 percent to 279.0 (provisional) from 271.1 (provisional) for the previous month due to higher price of fruits & vegetables and urad (8% each), gram (7%), tea and maize (3% each), rice and wheat   (2% each) and barley, milk, mutton and fish-marine (1% each).  However, the price of moong (4%), poultry chicken and ragi (2% each) and pork, bajra, beef & buffalo meat and masur (1% each) declined.

The index for  'Non-Food Articles' group rose by 2.1 percent to 231.2 (provisional) from 226.4 (provisional) for the previous month due to higher price of linseed (12%), raw cotton (11%), fodder (5%), raw jute (4%), cotton seed (3%),      raw rubber,  rape & mustard seed, raw wool and groundnut seed (2% each) and sunflower (1%).  However, the price of      flowers (9%), safflower (kardi seed) (5%), copra (coconut) (4%), castor seed (3%),  gingelly seed, guar seed and niger seed (2% each) and raw silk and mesta (1% each) declined.

The index for 'Minerals' group rose by 6.9 percent to 199.0 (provisional) from 186.2 (provisional) for the previous month due to higher price of manganese ore (17%), crude petroleum (11%), iron ore (5%), copper ore (2%) and chromite (1%). However, the price of sillimanite (6%), phosphorite (2%) and magnesite (1%) declined.

FUEL & POWER (Weight 14.91%)

The index for this major group rose by 3.4 percent to 186.5 (provisional) from 180.3 (provisional) for the previous month due to higher price of furnace oil (13%), aviation turbine fuel (11%), high speed diesel (8%), petrol (5%), kerosene (2%) and LPG (1%).  However, the price of non-coking coal (12%) and bitumen (2%) declined.

MANUFACTURED PRODUCTS (Weight 64.97%)

The index for this major group rose by 0.2 percent to 156.0 (provisional) from 155.7 (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 0.9 percent to 186.9 (provisional) from 185.3 (provisional) for the previous month due to higher price of tea dust (unblended) (5%), sooji (rawa) (4%), vanaspati (3%), oil cakes, cotton seed oil,     mixed spices, wheat flour (atta), groundnut oil and tea dust (blended) (2% each) and gur, sugar, tea leaf (unblended),     palm oil,  powder milk, gola (cattle feed), maida and mustard & rapeseed oil (1% each).  However, the price of tea leaf (blended) (5%), processed prawn (3%), gingelly oil (2%) and copra oil (1%) declined.

The index for 'Beverages, Tobacco & Tobacco Products' group rose by 0.8 percent to 220.7 (provisional) from 219.0 (provisional) for the previous month due to higher price of imfl - blended (5%) and cigarette (3%).  However, the price of      beer (4%), rectified spirit (2%) and dried tobacco and soft drinks & carbonated water (1% each) declined.

The index for 'Textiles' group rose by 0.2 percent to 140.9 (provisional) from 140.6 (provisional) for the previous month due to higher price of gunny and hessian cloth (2%), tyre cord fabric, jute yarn, jute sacking cloth and cotton yarn (1% each).  However, the price of   man made fabric and jute sacking bag (1% each) declined.

The index for 'Wood & Wood Products' group declined by 0.2 percent to 196.6 (provisional) from 197.0 (provisional) for the previous month due to lower price of  plywood & fibre board (2%).  However, the price of timber / wooden planks and processed wood (2% each) moved up.

The index for 'Paper & Paper Products' group rose by 0.3 percent to 155.9 (provisional) from 155.4 (provisional) for the previous month due to higher price of paper rolls (2%) and newsprint (1%).

The index for 'Leather & Leather Products' group declined by 0.1 percent to 145.5 (provisional) from 145.7 (provisional) for the previous month due to lower price of leather handbags/wallets (3%), footwear/safety boot (2%) and other leather foot wear (1%).  However, the price of leather gloves (2%) and crome tanned leather and leather shoe upper (1% each) moved up.

The index for 'Rubber & Plastic Products' group rose by 0.1 percent to 146.1 (provisional) from 146.0 (provisional) for the previous month due to higher price of plastic products (1%).  However, the price of tubes (7%) and rubber products     (1% each) declined.

The index for 'Chemicals & Chemical Products' group rose by 0.5 percent to 150.9 (provisional) from 150.1 (provisional) for the previous month due to higher price of ammonium sulphate (4%), rubber chemicals (2%) and basic organic chemicals, paints, urea, polymers, non-cyclic compound, basic inorganic chemicals, antibiotics and dye & dye intermediates (1% each).  However, the price of lacquer & varnishes (1%) declined.

The index for 'Non-Metallic Mineral Products' group declined by 0.6 percent to 177.7 (provisional) from 178.7 (provisional) for the previous month due to lower price of marbles (8%) and asbestos corrugated sheet (4%).  However, the price of railway sleeper and polished granite (2% each) and lime (1%) moved up.

The index for 'Basic Metals, Alloys & Metal Products' group declined by 0.6 percent to 153.9 (provisional) from 154.9 (provisional) for the previous month due to lower price of rounds (5%), wire rods and billets (4% each), sponge iron,     pencil  ingots and angles (3% each),  melting scrap, gp/gc sheets, joist & beams and rebars (2% each) and steel structures,     plates,  pressure cooker, HRC, utensils (other than aluminium), CRC and metal containers (1% each).  However, the price of furniture (4%), silver (2%) and gold & gold ornaments, pipes/tubes/rods/strips, aluminium and steel: pipes & tubes (1 % each) moved up.

The index for 'Machinery & Machine Tools' group declined by 0.1 percent to 135.3 (provisional) from 135.5 (provisional) for the previous month due to lower price of fibre optic cable (10%), electric motor starters (4%), grinding /wet coffee machinery (3%) and pvc insulated cable, ball/roller bearing, electric motors and machine tools (1% each).  However, the price of lifts (2%) and heating elements, engines, insulators, industrial valves and washing / laundry machines (1%each) moved up.

The index for ' Transport, Equipment & Parts ' group rose by  0.1  percent to 139.4 (provisional) from 139.3 (provisional) for the previous month due to higher price of tractors (2%).

FINAL INDEX FOR THE MONTH OF APRIL, 2016 (BASE YEAR: 2004-05=100)

For the month of April, 2016, the final Wholesale Price Index for ‘All Commodities’ (Base: 2004-05=100) stood at 177.8 as compared to 177.0 (provisional) and annual rate of inflation based on final index stood at 0.79 percent as compared to 0.34 percent (provisional) respectively as reported on 16.05.2016.