Government of India s10

GOVERNMENT OF INDIA MINISTRY OF COMMERCE & INDUSTRY OFFICE OF THE ECONOMIC ADVISER

Index Numbers of Wholesale Price in India (Base: 2004-05=100) Review for the month of November, 2013

The official Wholesale Price Index for ‘All Commodities’ (Base: 2004-05 = 100) for the month of November, 2013 rose by 0.7 percent to 181.5 (provisional) from 180.3 (provisional) for the previous month.

INFLATION

The annual rate of inflation, based on monthly WPI, stood at 7.52% (provisional) for the month of November, 2013 (over November, 2012) as compared to 7.00% (provisional) for the previous month and 7.24% during the corresponding month of the previous year. Build up inflation rate in the financial year so far was 6.70% compared to a build up rate of 4.84% 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 1.9 percent to 256.3 (provisional) from 251.6 (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 2.0 percent to 256.4 (provisional) from 251.4 (provisional) for the previous month due to higher price of egg (8%), condiments & spices (7%), fruits & vegetables (6%), beef & buffalo meat and fish-marine (5% each), pork (4%), urad and jowar (3% each), moong, maize, ragi and wheat (2% each) and arhar, mutton, masur, milk and barley (1% each). However, the price of fish-inland (10%), tea (5%), gram (2%) and poultry chicken and rice (1% each) declined.

The index for 'Non-Food Articles' group rose by 2.1 percent to 216.7 (provisional) from 212.3 (provisional) for the previous month due to higher price of sugarcane (19%), gingelly seed (16%), soyabean (9%), copra (coconut) (8%), tobacco (4%), safflower (kardi seed), rape & mustard seed and castor seed (3% each) and coir fibre, niger seed, fodder and mesta (1% each). However, the price of guar seed (12%), groundnut seed (6%), raw rubber (5%), raw cotton (4%), raw silk (3%), raw jute and flowers (2% each) and sunflower (1%) declined.

The index for 'Minerals' group rose by 0.5 percent to 365.7 (provisional) from 363.7 (provisional) for the previous month due to higher price of zinc concentrate (7%), steatite (4%) and crude petroleum (2%). However, the price of barytes (6%), copper ore (4%), phosphorite (3%), sillimanite (2%) and iron ore (1%) declined.

FUEL & POWER (Weight 14.91%)

The index for this major group rose by 0.1 percent to 209.6 (provisional) from 209.4 (provisional) for the previous month due to higher price of lpg (5%), bitumen (2%) and high speed diesel (1%). However, the price of aviation turbine fuel (5%), petrol and kerosene (2% each) and furnace oil (1%) declined.

MANUFACTURED PRODUCTS (Weight 64.97%)

The index for this major group rose by 0.2 percent to 151.9 (provisional) from 151.6 (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 0.6 percent to 170.8 (provisional) from 169.8 (provisional) for the previous month due to higher price of gingelly oil (10%), processed prawn (6%), rice bran oil and wheat flour (atta) (3% each), sooji (rawa), maida, ghee, oil cakes and palm oil (2% each) and copra oil, tea dust (blended), cotton seed oil, soyabean oil, groundnut oil and mustard & rapeseed oil (1% each). However, the price of gur (5%), khandsari and tea leaf (unblended) (2% each) and tea dust (unblended), tea leaf (blended), sugar and sunflower oil (1% each) declined.

The index for 'Textiles' group rose by 0.5 percent to 140.4 (provisional) from 139.7 (provisional) for the previous month due to higher price of jute yarn (6%), tyre cord fabric (3%), man made fibre, man made fabric, jute sacking cloth and cotton fabric (1% each). However, the price of gunny and hessian cloth (2%) and jute sacking bag (1 % each) declined.

The index for 'Wood & Wood Products' group rose by 0.3 percent to 178.9 (provisional) from 178.4 (provisional) for the previous month due to higher price of plywood & fibre board (1%).

The index for 'Paper & Paper Products' group rose by 0.4 percent to 142.9 (provisional) from 142.3 (provisional) for the previous month due to higher price of kraft paper & bags (2%) and cream laid woven paper and printing and writing paper (1% each).

The index for 'Leather & Leather Products' group rose by 1.3 percent to 145.6 (provisional) from 143.8 (provisional) for the previous month due to higher price of leather footwear (2%) and leathers (1%).

The index for 'Rubber & Plastic Products' group rose by 0.1 percent to 146.7 (provisional) from 146.6 (provisional) for the previous month due to higher price of syringe (15%), rigid pvc (4%), rubber brakes and plastic/ldpe/polythene bags (2% each) and plastic/pvc suitcases, plastic rolls and rubber transmission belt (1% each). However, the prices of rubber components & parts, foot ball and other rubber products (2% each) and tractor tyre, plastic bottles, polyester film and synthetic rubber compound (1% each).

The index for 'Chemicals & Chemical Products' group declined by 0.1 percent to 148.7 (provisional) from 148.9 (provisional) for the previous month due to lower price of explosives (3%), rubber chemicals (2%) and synthetic resin, toilet soap, non-cyclic compound and pigment & pigment intermediates (1% each). However, the price of organic manure, hair / body oils, safety matches/ match box and pesticides (1% each) moved up

The index for 'Basic Metals, Alloys & Metal Products' group declined by 0.1 percent to 164.0 (provisional) from 164.1 (provisional) for the previous month due to lower price of steel castings (3%), pressure cooker (2%) and crc, lead and iron & steel wire (1% each). However, the price of steel rods (10%), steel: pipes & tubes (2%) and ferro silicon, brass, silver, steel structures, pig iron and melting scrap (1% each) moved up.

The index for 'Machinery & Machine Tools' group rose by 0.5 percent to 132.2 (provisional) from 131.6 (provisional) for the previous month due to higher price of electric switches (9%), sprinkler and t.v. accessories (5 % each), ball/roller bearing (3%), boiler & accessories (2%) and machine tools, electric switch gears, lamps and battery dry cells (1% each). However, the price of electric motors (3%) and hydraulic equipment and electronic pcb /micro circuit (1% each) declined.

The index for 'Transport, Equipment & Parts' group declined by 0.1 percent to 135.5 (provisional) from 135.7 (provisional) for the previous month due to lower price of motor vehicles (1%). However, the price of railway axle & wheel and bi-cycles (1% each) moved up.

FINAL INDEX FOR THE MONTH OF SEPTEMBER, 2013 (BASE YEAR: 2004-05=100)

For the month of September, 2013, the final Wholesale Price Index for ‘All Commodities’ (Base: 2004-05=100) stood at 180.7 as compared to 179.7 (provisional) and annual rate of inflation based on final index stood at 7.05 percent as compared to 6.46 percent respectively as reported on 14.10.2013.

Next date of press release: 14/01/2014 for the month of December, 2013 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 November, 2013 Latest month over Build up from Year on year month March Commodities/Major WPI Groups/Groups/Sub- Weight Nov, Groups 2013 2012-13 2013-14 2012-13 2013-14 2012-13 2013-14

ALL COMMODITIES 100.00000 181.5 0.18 0.67 4.84 6.70 7.24 7.52 PRIMARY ARTICLES 20.11815 256.3 0.77 1.87 6.40 14.88 9.56 15.92 Food Articles 14.33709 256.4 0.52 1.99 8.47 19.76 8.80 19.93 Cereals 3.37323 230.1 0.83 0.22 14.64 8.28 17.84 11.32 Rice 1.79348 232.5 -0.25 -0.85 15.28 12.75 15.28 14.99 Wheat 1.11595 217.1 2.27 1.64 17.66 5.70 23.25 7.21 Pulses 0.71662 228.6 -0.35 0.35 21.54 -1.93 18.77 -10.56 Vegetables 1.73553 402.6 1.08 10.63 8.53 115.52 -1.53 95.25 Potato 0.20150 298.4 1.95 30.76 86.02 103.55 67.85 26.71 Onion 0.17794 754.3 23.60 -5.12 91.03 163.19 16.55 190.34 Fruits 2.10717 212.1 1.47 -0.47 5.73 13.79 7.43 13.73 Milk 3.23818 222.6 0.05 0.95 4.07 5.90 6.18 6.25 Egg, Meat & Fish 2.41384 282.8 0.45 -1.50 7.02 10.64 14.24 15.19 Non-Food Articles 4.25756 216.7 1.31 2.07 6.06 4.38 14.04 7.60 Fibres 0.87737 244.9 0.39 -3.20 5.70 11.72 -1.34 19.00 Oil Seeds 1.78051 205.5 2.70 3.01 17.86 0.20 30.60 1.78 Minerals 1.52350 365.7 1.44 0.55 -3.93 3.95 6.88 6.09 FUEL & POWER 14.91021 209.6 -0.58 0.10 6.13 9.39 9.97 11.08 Liquefied petroleum gas 0.91468 169.9 1.93 4.49 4.01 5.07 4.01 10.90 Petrol 1.09015 193.8 -1.22 -2.02 4.45 2.32 1.48 4.42 High speed diesel 4.67020 222.4 0.00 0.86 14.60 10.26 14.60 15.65 MANUFACTURED PRODUCTS 64.97164 151.9 0.07 0.20 3.79 2.15 5.41 2.64 Food Products 9.97396 170.8 -0.06 0.59 8.11 3.14 9.25 2.52 Sugar 1.73731 187.2 -0.73 -0.64 16.53 -2.40 15.48 -8.41 Edible Oils 3.04293 148.4 0.27 0.95 4.87 1.16 9.76 -0.07 Beverages, Tobacco & Tobacco Product 1.76247 182.9 -0.17 0.00 5.11 0.72 8.13 3.39 Cotton Textiles 2.60526 159.0 0.07 0.32 3.96 5.93 5.46 8.24 Man Made Textiles 2.20573 133.8 0.40 1.13 3.66 4.94 4.36 7.47 Wood & Wood Products 0.58744 178.9 0.41 0.28 4.31 2.76 5.98 4.07 Paper & Paper Products 2.03350 142.9 0.37 0.42 3.24 1.93 3.47 4.31 Leather & Leather Products 0.83509 145.6 0.60 1.25 2.58 8.09 2.50 7.77 Rubber & Plastic Products 2.98697 146.7 0.07 0.07 2.38 5.16 3.30 6.46 Chemicals & Chemical Products 12.01770 148.7 -0.07 -0.13 3.52 1.92 6.27 3.19 Non-Metallic Mineral Products 2.55597 164.7 -0.55 0.00 3.10 -1.26 4.75 0.98 Cement & Lime 1.38646 162.8 -1.23 -1.21 3.13 -5.51 4.73 -3.21 Basic Metals Alloys & Metal Product 10.74785 164.0 -0.06 -0.06 1.96 -0.49 4.45 -1.50 Iron & Semis 1.56301 150.7 -0.31 0.20 -2.00 -2.65 4.32 -6.80 Machinery & Machine Tools 8.93148 132.2 0.16 0.46 1.90 2.16 2.63 2.64 Transport Equipment & Parts 5.21282 135.5 0.38 -0.15 3.48 2.50 4.39 3.59 Annexure-II

Trend of Rate of Inflation for some important items during last six months

Commodities/Major Groups/Groups/Sub- Rate of Inflation for the last six months Groups Weight (%) Nov-13 Oct-13 Sep-13 Aug-13 July-13 June-13 ALL COMMODITIES 100.00 7.52 7.00 7.05 6.99 5.85 5.16 PRIMARY ARTICLES 20.12 15.92 14.68 14.03 13.57 9.68 8.79 Food Articles 14.34 19.93 18.19 18.68 19.17 12.29 10.27 Cereals 3.37 11.32 12.00 13.44 15.57 17.71 17.87 Rice 1.79 14.99 15.69 18.61 21.33 21.15 20.43 Wheat 1.12 7.21 7.88 7.31 9.38 13.64 13.94 Pulses 0.72 -10.56 -11.19 -13.42 -14.70 -7.43 1.59 Vegetables 1.74 95.25 78.38 91.15 80.96 46.85 17.36 Potato 0.20 26.71 -1.21 -12.28 -15.25 -6.13 -8.38 Onion 0.18 190.34 278.21 335.88 272.54 146.43 114.76 Fruits 2.11 13.73 15.94 13.65 8.33 -4.80 0.86 Milk 3.24 6.25 5.30 5.77 6.02 3.02 4.08 Egg, Meat & Fish 2.41 15.19 17.47 13.37 20.15 12.02 12.48 Non-Food Articles 4.26 7.60 6.79 4.92 1.21 5.71 7.73 Fibres 0.88 19.00 23.41 19.00 11.79 11.40 14.83 Oil Seeds 1.78 1.78 1.48 -5.12 -6.74 2.70 9.94 Minerals 1.52 6.09 7.03 2.33 1.99 0.48 1.32 FUEL & POWER 14.91 11.08 10.33 11.72 12.66 11.36 7.51 Liquefied petroleum gas 0.91 10.90 8.18 11.42 8.39 5.78 7.80 Petrol 1.09 4.42 5.27 9.64 3.29 1.33 -6.89 High speed diesel 4.67 15.65 14.66 20.24 27.76 26.34 23.36 MANUFACTURED PRODUCTS 64.97 2.64 2.50 2.36 2.31 2.60 2.89 Food Products 9.97 2.52 1.86 1.61 2.43 4.29 6.41 Sugar 1.74 -8.41 -8.50 -7.39 -4.75 2.20 6.93 Edible Oils 3.04 -0.07 -0.74 -2.72 -2.86 -2.23 0.07 Beverages, Tobacco & Tobacco Product 1.76 3.39 3.22 3.58 4.17 5.82 6.07 Cotton Textiles 2.61 8.24 7.97 7.85 7.30 7.37 6.21 Man Made Textiles 2.21 7.47 6.69 6.52 6.17 6.58 5.43 Wood & Wood Products 0.59 4.07 4.21 4.74 3.86 3.22 4.59 Paper & Paper Products 2.03 4.31 4.25 4.11 3.91 4.38 4.46 Leather & Leather Products 0.84 7.77 7.07 8.40 6.29 5.63 5.41 Rubber & Plastic Products 2.99 6.46 6.46 6.32 5.83 5.34 5.45 Chemicals & Chemical Products 12.02 3.19 3.26 3.47 3.28 3.37 3.03 Non-Metallic Mineral Products 2.56 0.98 0.43 -0.06 0.85 2.64 3.22 Cement & Lime 1.39 -3.21 -3.23 -3.86 -1.98 1.24 1.91 Basic Metals Alloys & Metal Product 10.75 -1.50 -1.50 -2.03 -2.16 -2.64 -2.58 Iron & Semis 1.56 -6.80 -7.27 -7.82 -8.03 -8.01 -8.68 Machinery & Machine Tools 8.93 2.64 2.33 2.26 2.10 2.03 2.35 Transport Equipment & Parts 5.21 3.59 4.14 3.85 3.72 3.49 3.59