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 India's WPI stands at 4.64 percent in November

India's WPI stands at 4.64 percent in November

India Blooms News Service | @indiablooms | 14 Dec 2018, 04:12 pm

New Delhi, Dec 14 (IBNS):  Lower food and fuel prices helped in easing the country's annual rate of inflation based on wholesale prices to stand at 4.64 percent in the month of November, official data released on Friday said.

It stood at 5.28 in the previous month.

"The annual rate of inflation, based on monthly WPI, stood at 4.64% (provisional) for the month of November, 2018 (over November, 2017) as compared to 5.28% (provisional) for the previous month and 4.02% during the corresponding month of the previous year. Build up inflation rate in the financial year so far was 4.73% compared to a build up rate of 2.83% in the corresponding period of the previous year," read a government statement.

The index for this major group rose by 0.7 percent to 137.2 (provisional) from 136.3 (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 0.2 percent to 146.1 (provisional) from 145.8 (provisional) for the previous month due to higher price of peas/chawali (22%), jowar (10%), bajra (9%), urad (7%), egg (6%), arhar, gram and betel leaves (4% each), moong and poultry chicken (3% each), tea, barley, maize, fish-inland and fish-marine (2% each) and pork, beef & buffalo meat, wheat and rajma (1% each).  However, the price of mutton and fruits & vegetables (2% each) and ragi (1%) declined.

The index for ‘Non-Food Articles’ group rose by 1.0 percent to 124.6 (provisional) from 123.4 (provisional) for the previous month due to higher price of castor seed (13%), guar seed (8%), gingelly seed (7%), raw wool and groundnut seed (6% each), safflower (kardi seed) (5%), floriculture and hides (raw) (2% each) and raw cotton, raw jute, soyabean, sunflower and rape & mustard seed (1% each).  However, the price of raw silk, raw rubber and copra (coconut) (4% each) and skins (raw) and cotton seed (2% each) declined.

The index for ‘Minerals’ group rose by 0.8 percent to 130.4 (provisional) from 129.4 (provisional) for the previous month due to higher price of sillimanite (22%), iron ore (7%), chromite (3%), garnet (2%) and lead concentrate (1%). However, the price of limestone (3%) and manganese ore (1%) declined.

The index for 'Crude Petroleum & Natural Gas' group rose by 4.3 percent to 104.1 (provisional) from 99.8 (provisional) for the previous month due to higher price of crude petroleum (6%).

The index for this major group declined by 1.0 percent to 110.0 (provisional) from 111.1 (provisional) for the previous month. The groups and items which showed variations during the month are as follows:-

The index for ‘Mineral Oils’ group declined by 1.8 percent to 105.5 (provisional) from 107.4 (provisional) for the previous month due to lower price of naphtha (11%), petrol (5%), petroleum coke (3%) and HSD (2%).  However, the price of LPG and ATF (6% each), kerosene (3%), furnace oil (2%) and bitumen (1%) moved up.

The index for this major group remained unchanged at its previous month level of 118.8. The groups and items which showed variations during the month are as follows:-

The index for ‘Manufacture of Food Products’ group declined by 0.4 percent to 129.0 (provisional) from 129.5 (provisional) for the previous month due to lower price of processing & preserving of fish, crustaceans & molluscs & products thereof (5%), palm oil and bagasse (4% each), cotton seed oil (3%), rice products, gur and manufacture of cocoa, chocolate & sugar confectionery (2% each) and rice bran oil, vanaspati, buffalo meat [fresh/frozen], sunflower oil, powder milk, sugar, rice [non-basmati], butter and chicken/duck [dressed-fresh/frozen] (1% each).   However, the price of molasses (8%), castor oil (6%), coffee powder with chicory (5%), honey (4%), wheat bran, gram powder (besan), other meats   [preserved/processed], groundnut oil and manufacture of starches & starch products (3% each), spices (including mixed spices), manufacture of processed ready to eat food, instant coffee and copra oil (2% each) and manufacture of prepared animal feeds, processed tea, manufacture of health supplements, basmati rice, ghee, condensed milk and mustard oil (1% each) moved up.


The index for ‘Manufacture of Beverages’ group rose by 0.7 percent to 121.7 (provisional) from 120.9 (provisional) for the previous month due to higher price of rectified spirit (2%) and aerated drinks/soft drinks (incl. soft drink concentrates) and country liquor (1% each).


The index for ‘Manufacture of Tobacco Products’ group declined by 0.6 percent to 149.7 (provisional) from 150.6 (provisional) for the previous month due to lower price of other tobacco products (1%).


The index for ‘Manufacture of Textiles’ group rose by 0.1 percent to 119.1 (provisional) from 119.0 (provisional) for the previous month due to higher price of manufacture of cordage, rope, twine & netting (2%) and weaving & finishing of textiles, manufacture of made-up textile articles, except apparel and woollen yarn (1% each).  However, the price of synthetic yarn and viscose yarn (2% each) and texturised & twisted yarn and manufacture of other textiles (1% each) declined.

The index for ‘Manufacture of Wearing Apparel’ group declined by 1.1 percent to 138.1 (provisional) from 139.6 (provisional) for the previous month due to lower price of manufacture of knitted & crocheted apparel (2%) and  manufacture of wearing apparel (woven), except fur apparel (1%).


The index for ‘Manufacture of Leather and Related Products’ group declined by 0.4 percent to 121.5 (provisional) from 122.0 (provisional) for the previous month due to lower price of belt & other articles of leather (5%) and waterproof footwear and canvas shoes (1% each).

The index for ‘Manufacture of Wood and of Products of Wood and Cork ‘group rose by 0.6 percent to 133.5 (provisional) from 132.7 (provisional) for the previous month due to higher price of wood cutting [processed/sized] (3%), particle boards and wooden board (non-electrical) (2% each) and timber/wooden plank [sawn/resawn] and wooden box/crate (1% each). However, the price of wooden block-compressed or not (1%) declined.

The index for ‘Manufacture of Paper and Paper Products’ group rose by 1.1 percent to 125.3 (provisional) from 123.9 (provisional) for the previous month due to higher price of paper bag including craft paper bag (11%), tissue paper (4%), laminated plastic sheet (3%), corrugated sheet box, paper carton/box, bristle paper board, newsprint and paper for printing & writing (2% each) and laminated paper, hard board and pulp board (1% each).  However, the price of corrugated paper board, map litho paper and base paper (1% each) declined.


The index for ‘Printing and Reproduction of Recorded Media’ group declined by 0.3 percent to 146.5 (provisional) from 146.9 (provisional) for the previous month due to lower price of printed labels/posters/calendars (1%).  However, the price of hologram (3d) (4%), printed form & schedule (2%) and sticker plastic (1%) moved up.

The index for ‘Manufacture of Chemicals and Chemical Products’ group rose by 0.3 percent to 120.8 (provisional) from 120.4 (provisional) for the previous month due to higher price of menthol and ammonia liquid (8% each), tooth paste/tooth powder and amine (5% each), hair oil/body oil (4%), ammonium phosphate, soda ash/washing soda, nitric acid and  ammonium sulphate (3% each), superphospate/phosphatic fertilizer [others], di ammonium phosphate, catalysts, aromatic chemicals, sulphuric acid, explosive, phosphoric acid, ammonium nitrate and detergent cake, washing soap cake/bar/powder (2% each) and caustic soda (sodium hydroxide), adhesive tape (non-medicinal), fungicide [liquid], aniline (including pna, ona, ocpna), alkyl benzene, epoxy [liquid], viscose staple fibre, organic solvent, mixed fertilizer, paint, alcohols, other inorganic chemicals, urea, adhesive excluding gum, ammonia gas, organic chemicals, poly propylene (PP), xlpe compound, varnish (all types), carbon black, powder coating material, printing ink and nitrogenous fertilizer [others] (1% each). 

However, the price of mono ethyl glycol (12%), hydrogen peroxide (8%), polyester film(metalized) (5%), acetic acid & its derivatives (4%), sodium silicate (3%), phthalic anhydride, fatty acid, toilet soap, organic surface active agent, rubber chemicals and polyethylene (2% each) and agro chemical formulation, insecticide & pesticide, polystyrene, expandable, poly vinyl chloride (PVC), oleoresin and ethyl acetate (1% each) declined.
 

The index for ‘Manufacture of Rubber and Plastics Products’ group rose by 0.3 percent to 110.4 (provisional) from 110.1 (provisional) for the previous month due to higher price of rubber components & parts (7%), plastic tape (3%), plastic button, elastic webbing, tractor tyre and plastic components (2% each) and 2/3 wheeler tyre, cycle/cycle rickshaw tyre, rubber moulded goods, PVC fittings & other accessories, acrylic/plastic sheet, tooth brush and plastic film (1% each). However, the price of rubber cloth/sheet (7%), polyester film (non-metalized) (4%), processed rubber, condoms and  conveyer belt (fibre based) (3% each), 2/3 wheeler rubber tube, polypropylene film and plastic furniture (2% each) and rubber crumb, plastic bag, plastic tank and solid rubber tyres/wheels (1% each) declined.

The index for ‘Manufacture of Other Non-Metallic Mineral Products’ group declined by 0.2 percent to 115.6 (provisional) from 115.8 (provisional) for the previous month due to lower price of ordinary sheet glass (4%), poles & posts of concrete and marble slab (2% each) and toughened glass, clinker, asbestos corrugated sheet, fibre glass incl. sheet and granite (1% each). However, the price of porcelain sanitary ware and lime & calcium carbonate (2% each) and white cement, ceramic tiles (vitrified tiles), cement blocks (concrete) and stone, chip (1% each) moved up.

The index for ‘Manufacture of Basic Metals’ group declined by 0.6 percent to 113.9 (provisional) from 114.6 (provisional) for the previous month due to lower price of sponge iron/direct reduced iron (DRI) (3%), aluminium ingot, aluminium shapes-bars/rods/flats, aluminium disk & circles, ms pencil ingots, pig iron, mild steel (MS) blooms and lead ingots, bars, blocks, plates (2% each) and MS castings, stainless steel pencil ingots/billets/slabs, galvanized iron pipes, aluminium alloys, gp/gc sheet, zinc metal/zinc blocks, cold rolled (CR) coils & sheets, including narrow strip, aluminium metal and  stainless steel tubes (1% each).  

However, the price of alloy steel castings (3%), aluminium powder, copper shapes- bars/rods/plates/strips, copper metal/copper rings and silicomanganese (2% each) and rails, stainless steel coils, strips & sheets, MS wire rods, ferrochrome, ferromanganese, alumnium foil and cast iron, castings (1% each) moved up.

The index for ‘Manufacture of Fabricated Metal Products, Except Machinery and Equipment’ group rose by 0.4 percent to 116.2 (provisional) from 115.7 (provisional) for the previous month due to higher price of sanitary fittings of iron & steel (13%), electrical stamping- laminated or otherwise (8%), boilers (6%), iron/steel cap, steel door and stainless steel utensils (2% each) and bolts, screws, nuts & nails of iron & steel, steel drums & barrels, copper bolts, screws, nuts and metal cutting tools & accessories (1% each). 

However, the price of forged steel rings (3%), stainless steel razor (2%) and hose pipes in set or otherwise, steel pipes, tubes & poles, pressure cooker and jigs & fixture (1% each) declined.

The index for ‘Manufacture of Computer, Electronic and Optical Products’ group rose by 0.1 percent to 113.0 (provisional) from 112.9 (provisional) for the previous month due to higher price of meter (non-electrical) and capacitors (2% each) and electronic printed circuit board (PCB)/micro circuit and X-ray equipment (1% each). However, the price of electro-diagnostic apparatus, used in medical, surgical, dental or veterinary sciences (7%) and telephone sets including mobile hand sets, colour TV and sunglasses (1% each) declined.

The index for ‘Manufacture of Electrical Equipment’ group rose by 0.4 percent to 112.1 (provisional) from 111.6 (provisional) for the previous month due to higher price of transformer (5%), PVC insulated cable (3%), incandescent lamps and amplifier (2% each) and washing machines/laundry machines, electrical resistors (except heating resistors), electric switch gear control/starter, rotor/magneto rotor assembly, aluminium/alloy conductor, flourescent tube, jelly filled cables, electric wires & cables, generator parts, rubber insulated cables and fan (1% each).  

However, the price of ACSR conductors (6%), safety fuse and electric switch (5% each) and insulator, fibre optic cables, electric mixers/grinders/food processors, lead acid batteries for vehicles & other uses and solenoid valve (1% each) declined.

The index for ‘Manufacture of Machinery and Equipment’ group rose by 0.3 percent to 111.7 (provisional) from 111.4 (provisional) for the previous month due to higher price of injection pump (6%), roller mill (raymond), cranes, air conditioning plant and lathes (3% each), pressure vessel & tank for fermentation & other food processing and printing machinery (2% each) and air or vacuum pump, rice mill machinery, moulding machine, material handling, lifting & hoisting equipment, chemical equipment & system, hydraulic equipment, gasket kit, evaporator, air gas compressor including compressor for refrigerator and industrial valve (1% each).  

However, the price of hydraulic pump, oil pump and pharmaceutical machinery (2% each) and roller & ball bearings, manufacture of bearings, gears, gearing & driving elements, mining, quarrying & metallurgical machinery/parts, grinding or polishing machine, filtration equipment and centrifugal pumps (1% each) declined.

The index for ‘Manufacture of Motor Vehicles, Trailers and Semi-Trailers’ group rose by 0.7 percent to 113.7 (provisional) from 112.9 (provisional) for the previous month due to higher price of brake pad/brake liner/brake block/brake rubber, others (6%), seat for motor vehicles and passenger vehicles (2% each) and minibus/bus, axles of motor vehicles, chain and cylinder liners (1% each). However, the price of crankshaft (1%) declined.

The index for ‘Manufacture of Other Transport Equipment’ group has marginally increased to 112.1 (provisional) from 112.0 (provisional) for the previous month due to rise in the price of motor cycles.   However, the price of railway brake gear (2%) and scooters and wagons (1% each) declined.

The index for ‘Manufacture of Furniture’ group rose by 0.9 percent to 128.4 (provisional) from 127.3 (provisional) for the previous month due to higher price of iron/steel furniture (2%) and wooden furniture (1%).  However, the price of hospital furniture (2%) declined.
 
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 -0.64% in October, 2018 to -1.96% in November, 2018.

India's WPI stands at 4.64 percent in November

India Blooms News Service
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