The official Wholesale Price Index for ‘All Commodities’ (Base: 2011-12=100) for the month of January,2020 rose by 0.1 percent to 122.9 (provisional) from 122.8 (provisional) for the previous month.
INFLATION
The annual rate of inflation, based on monthly WPI, stood at 3.1% (provisional) for the month of January, 2020 (over January, 2019) as compared to 2.59% (provisional) for the previous month and 2.76% during the corresponding month of the previous year. Build up inflation rate in the financial year so far is 2.50% compared to a buildup rate of 2.49% 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 group is summarized below:-
PRIMARY ARTICLES (Weight 22.62%)
The index for this major group declined by 1.1 percent to 147.2 (provisional) from 148.8 (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 1 percent to 160.8 (provisional) from 162.5 (provisional) for the previous month due to lower price of fruits & vegetables and tea (7% each), arhar (2%), beef and buffalo meat, pork and gram (1% each). However, the price of betel leaves (9%), fish-marine (7%), bajra (4%), masur and peas/chawali (3% each), urad, maize, barley, egg, wheat, poultry chicken and condiments & spices (2% each), fish-inland, moong, mutton and milk (1% each) moved up.
The index for ‘ Non-Food Articles’ group declined by 1.4 percent to 132.1 (provisional) from 134.0 (provisional) for the previous month due to lower price of floriculture (19%), castor seed and skins (raw) (1% each). However, the price of soyabean (5%), linseed (3%), safflower (kardi seed), raw rubber, rape & mustard seed, raw jute, gaur seed, raw silk, mesta and gingelly seed (sesamum) (2% each), coir fibre, groundnut seed, niger seed and hides (raw) (1% each) moved up.
The index for ‘Minerals’ group declined by 7.2 percent to 142.6 (provisional) from 153.6 (provisional) for the previous month due to lower price of manganese ore (20%), copper concentrate (12%), iron ore (5%). However, the price of lead concentrate and limestone (1% each) moved up.
The index for ‘Crude Petroleum & Natural Gas’ group rose by 2.7 percent to 88.3 (provisional) from 86.0 (provisional) for the previous month due to higher price of crude petroleum (4%).
FUEL & POWER (Weight 13.15%)
The index for this major group rose by 1.4 percent to 102.7 (provisional) from 101.3 (provisional) for the previous month. The groups and items which showed variations during the month are as follows:-
The index for ‘Mineral Oils’ group rose by 2.5 percent to 93.5 (provisional) from 91.2 (provisional) for the previous month due to higher price of furnace oil (23%), naphtha, ATF and LPG (3% each), HSD (2%), kerosene (1%). However, the price of bitumen (4%) declined.
MANUFACTURED PRODUCTS (Weight 64.23%)
The index for this major group rose by 0.4 percent to 118.5 (provisional) from 118.0 (provisional) for the previous month. The groups and items which showed variations during the month are as follows:-
The index for ‘Manufacture Of Food Products’ group rose by 1.2 percent to 138.2 (provisional) from 136.6 (provisional) for the previous month due to higher price of palm oil (10%), rapeseed oil and manufacture of macaroni, noodles, couscous and similar farinaceous products (7% each), other meats, preserved/processed , soyabean oil, wheat bran and gur (4% each), cotton seed oil , ghee and vanaspati (3% each), bagasse, powder milk and rice bran oil (2% each), manufacture of processed ready to eat food, chicken/duck, dressed – fresh/frozen, manufacture of bakery products, spices (including mixed spices), sooji (rawa ), maida , sugar, wheat flour (atta) and ice cream (1% each). However, the price of processed tea (7%), basmati rice (3%), castor oil, coffee powder with chicory, processing and preserving of fish, crustaceans and molluscs and products thereof, molasses , honey, manufacture of cocoa, chocolate and sugar confectionery and manufacture of starches and starch products (2% each), rice, non-basmati and rice products (1% each) declined.
The index for ‘Manufacture Of Beverages’ group rose by 0.5 percent to 124.0 (provisional) from 123.4 (provisional) for the previous month due to higher price of rectified spirit (3%), aerated drinks/soft drinks (incl. soft drink concentrates) and country liquor (1% each). However, the price of wine (1%) declined.
The index for ‘Manufacture Of Tobacco Products’ group declined by 1.2 percent to 151.0 (provisional) from 152.9 (provisional) for the previous month due to lower price of other tobacco products (4%). However, the price of biri (1%) moved up.
The index for ‘Manufacture Of Textiles’ group declined by 0.4 percent to 116.4 (provisional) from 116.9 (provisional) for the previous month due to lower price of cotton yarn and manufacture of other textiles (1% each). However, the price of woollen yarn (1%) moved up.
The index for ‘Manufacture Of Wearing Apparel’ group declined by 0.8 percent to 138.0 (provisional) from 139.1 (provisional) for the previous month due to lower price of manufacture of wearing apparel (woven), except fur apparel (1%).
The index for ‘Manufacture Of Leather And Related Products’ group declined by 0.5 percent to 118.3 (provisional) from 118.9 (provisional) for the previous month due to lower price of chrome tanned leather, leather shoe and belt & other articles of leather (1% each). However, the price of vegetable tanned leather (2%), harness, saddles & other related items, travel goods, handbags, office bags, etc., plastic/PVC chappals, canvas shoes (1% each) moved up.
The index for ‘Manufacture Of Paper And Paper Products’ group declined by 0.3 percent to 119.1 (provisional) from 119.5 (provisional) for the previous month due to lower price of pulp board, map litho paper, newsprint and poster paper (2% each), corrugated sheet box, paper for printing & writing, card board, bristle paper board and laminated plastic sheet (1% each). However, the price of base paper (4%), kraft paper and paper carton/box (2% each) moved up.
The index for ‘Printing And Reproduction Of Recorded Media ‘ group rose by 0.8 percent to 151.5 (provisional) from 150.3 (provisional) for the previous month due to higher price of journal/periodical (3%). However, the price of sticker plastic (2%), printed labels/posters/calendars, printed form & schedule and newspaper (1% each) declined.
The index for ‘Manufacture Of Chemicals And Chemical Products’ group rose by 0.1 percent to 116.3 (provisional) from 116.2 (provisional) for the previous month due to higher price of poly propylene (PP) (6%), hydrogen peroxide (5%), sulphuric acid (4% ), organic solvent, phthalic anhydride, catalysts and mono ethyl glycol (3% each), aniline (including PNA, ONA, OCPNA), alcohols, fatty acid, oleoresin, amine and plasticizer (2% each), alkyl benzene, sodium silicate, ammonia gas, organic chemicals, ethylene oxide, agro chemical formulation, ammonia liquid, polyethylene, detergent cake, washing soap cake/bar/powder, agarbatti, foundry chemical and toilet soap (1% each). However, the price of camphor (8%), ammonium sulphate (5%), additive (3%), acetic acid and its derivatives, ammonium phosphate, epoxy, liquid and liquid air & other gaseous products (2% each), aromatic chemicals, carbon black, varnish (all types), other inorganic chemicals, soda ash/washing soda, polyester film(metalized), polyester chips or polyethylene terepthalate (PET) chips, superphospate/phosphatic fertilizer, others, caustic soda (sodium hydroxide), adhesive excluding gum, adhesive tape (non-medicinal), Di ammonium phosphate, mixed fertilizer, ammonium nitrate, fungicide, liquid, acrylic fibre and dye stuff/dyes incl. dye intermediates and pigments/colours (1% each) declined.
The index for ‘Manufacture Of Pharmaceuticals, Medicinal Chemical And Botanical Products’ group declined by 0.1 percent to 127.8 (provisional) from 127.9 (provisional) for the previous month due to lower price of anti-retroviral drugs for hiv treatment, simvastatin, antioxidants and vials/ampoule, glass, empty or filled (1% each). However, the price of anti cancer drugs, antipyretic, analgesic, anti-inflammatory formulations, ayurvedic medicaments and plastic capsules (1% each) moved up.
The index for ‘Manufacture Of Rubber And Plastics Products’ group declined by 0.4 percent to 107.9 (provisional) from 108.3 (provisional) for the previous month due to lower price of rubberized dipped fabric, plastic bag, plastic components and polypropylene film (3% each), conveyer belt (fibre based) and plastic button (2% each), processed rubber, rubber components & parts, plastic box/container, plastic bottle, polyester film (non-metalized), rubber crumb and cycle/cycle rickshaw tyre (1% each). However, the price of condoms (3%), rubber tread, tractor tyre, tooth brush, plastic tape and solid rubber tyres/wheels (2% each), thermocol, elastic webbing, plastic tube (flexible/non-flexible), medium & heavy commercial vehicle tyre, PVC fittings & other accessories and rubber moulded goods (1% each) moved up.
The index for ‘Manufacture Of Other Non-Metallic Mineral Products’ group declined by 0.3 percent to 115.5 (provisional) from 115.8 (provisional) for the previous month due to lower price of porcelain sanitary ware and graphite rod (3% each), stone, chip, white cement, ordinary portland cement, ordinary sheet glass, plain bricks, poles & posts of concrete and toughened glass (1% each). However, the price of non-ceramic tiles (3%), railway sleeper, cement blocks (concrete), electric insulating material (2%), glass bottle, ceramic tiles (vitrified tiles), clinker and cement superfine (1% each) moved up.
The index for ‘Manufacture Of Basic Metals’ group rose by 2.2 percent to 105.8 (provisional) from 103.5 (provisional) for the previous month due to higher price of sponge iron/direct reduced iron (DRI) (8%), pig iron, mild steel (MS) blooms (5% each), angles, channels, sections, steel (coated/not) and MS pencil ingots (4% each), hot rolled (HR) coils & sheets, including narrow strip, GP/GC sheet, MS wire rods, other ferro alloys and stainless steel tubes (3% each), copper metal/copper rings, cold rolled (CR) coils & sheets, including narrow strip, ferrosilicon, ferromanganese, alloy steel wire rods, alloy steel castings, brass metal/sheet/coils, MS castings and aluminium castings (2% each), silicomanganese, rails, aluminium alloys, aluminium shapes – bars/rods/flats, aluminium metal, copper shapes – bars/rods/plates/strips, steel cables and aluminium ingot (1% each). However, the price of steel forgings – rough and stainless steel coils, strips & sheets (2% each), lead ingots, bars, blocks, plates and ferrochrome (1% each) declined.
The index for ‘Manufacture Of Fabricated Metal Products, Except Machinery And Equipment’ group declined by 0.2 percent to 115.4 (provisional) from 115.6 (provisional) for the previous month due to lower price of steel container, steel drums and barrels, electrical stamping- laminated or otherwise and bracket (2% each), hand tools (1% ). However, the price of sanitary fittings of iron & steel (9%), bolts, screws, nuts & nails of iron & steel, steel pipes, tubes & poles, steel door, stainless steel utensils and lock/padlock (1% each) moved up.
The index for ‘Manufacture Of Computer, Electronic And Optical Products’ group declined by 0.3 percent to 109.7 (provisional) from 110.0 (provisional) for the previous month due to lower price of telephone sets including mobile hand sets (2%), meter (non-electrical) (1%). However, the price of sunglasses and scientific time keeping device (2% each), and watch (1%) moved up.
The index for ‘Manufacture Of Electrical Equipment’ group rose by 0.2 percent to 110.8 (provisional) from 110.6 (provisional) for the previous month due to higher price of rotor/magneto rotor assembly (3%), jelly filled cables and insulator (2% each), copper wire, generators & alternators, batteries, electric switch, electric filament type lamps, electric switch gear control/starter, safety fuse, aluminium wire, rubber insulated cables, electric mixers/grinders/food processors and domestic gas stove (1% each). However, the price of electric heaters (12%), aluminium/alloy conductor (2%), electric wires & cables and ACSR conductors (1% each) declined.
The index for ‘Manufacture Of Motor Vehicles, Trailers And Semi-Trailers’ group rose by 0.2 percent to 115.1 (provisional) from 114.9 (provisional) for the previous month due to higher price of crankshaft (4%), radiators & coolers (2%), gear box and parts, chassis of different vehicle types and piston ring/piston and compressor and engine (1% each). However, the price of seat for motor vehicles (3%), axles of motor vehicles, wheels/wheels & parts and shafts of all kinds (1% each) declined.
The index for ‘Manufacture Of Other Transport Equipment’ group rose by 0.3 percent to 118.7 (provisional) from 118.4 (provisional) for the previous month due to higher price of scooters (1%). However, the price of bicycles of all types (2%) declined.
The index for ‘Manufacture Of Furniture’ group declined by 0.2 percent to 129.7 (provisional) from 129.9 (provisional) for the previous month due to lower price of foam and rubber mattress (3%), plastic fixtures and wooden furniture (1%). However, the price of steel shutter gate (2%), iron/steel furniture (1%) moved up.
The index for ‘Other Manufacturing’ group declined by 0.9 percent to 113.1 (provisional) from 114.1 (provisional) for the previous month due to lower price of playing cards (8%), gold & gold ornaments, cricket bat and non-mechanical toys (1% each). However, the price of stringed musical instruments (incl. santoor, guitars, etc.) (3%), silver (2%), plastic moulded-others toys, cricket ball, football and carrom board (1% each) moved up.
WPI FOOD INDEX (Weight 24.38%)
The rate of inflation based on WPI Food Index consisting of ‘Food Articles’ from Primary Articles group and ‘Food
Product’ from Manufactured Products group decreased from 11.05% in December, 2019 to 10.12% in January, 2020.
FINAL INDEX FOR THE MONTH OF NOVEMBER, 2019 (BASE YEAR:2011-12=100)
For the month of November, 2019 the final Wholesale Price Index and annual rate of inflation for ‘All Commodities’ (Base: 2011-12=100) remained unchanged at its provisional level of 122.3 and 0.58 percent respectively as reported on 16 December, 2019.
Next date of press release: 16-03-2020 for the month of FEBRUARY, 2020
Annexure-I
Wholesale Price Index and Rates of Inflation (Base Year: 2011-12=100)
Month of January, 2020
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Annexure-II
Trend of Rate of Inflation for some important items during last six months
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