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New Delhi: The official Wholesale Price Index for ‘All Commodities’ (Base: 2011-12=100) for the month of July, 2017 rose by 1.1 percent to 113.9 (provisional) from 112.7 (provisional) for the previous month.
The annual rate of inflation, based on monthly WPI, stood at 1.88% (provisional) for the month of July, 2017 (over July,2016) as compared to 0.90% (provisional) for the previous month and 0.63% during the corresponding month of the previous year. Build up inflation rate in the financial year so far was 0.62% compared to a build up rate of 3.81% 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:-
The index for this major group rose by 4.3 percent to 132.4 (provisional) from 126.9 (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 6.2 percent to 147.6 (provisional) from 139.0 (provisional) for the previous month due to higher price of fruits & vegetables (29%), peas/chawali (6%), ragi (4%) and condiments & spices, barley, poultry chicken and paddy (1% each). However, the price of betel leaves (21%), masur, urad and tea (5% each), arhar (4%), moong, bajra, maize and gram (3% each), fish-inland (2%) and fish-marine and jowar (1% each) declined.
The index for ‘Non-Food Articles’ group rose by 0.6 percent to 118.5 (provisional) from 117.8 (provisional) for the previous month due to higher price of raw rubber (8%), safflower (kardi seed) (4%), fodder, floriculture and copra (coconut) (3% each) and mesta, rape & mustard seed and castor seed (1% each). However, the price of groundnut seed (4%), raw silk and raw jute (3% each), guar seed and sunflower (2% each) and cotton seed and gingelly seed (sesamum) (1% each) declined.
The index for ‘Minerals’ group rose by 2.8 percent to 119.6 (provisional) from 116.3 (provisional) for the previous month due to higher price of manganese ore (23%), sillimanite and bauxite (22% each), chromite (10%) and copper concentrate and limestone (4% each). However, the price of lead concentrate (20%), zinc concentrate (9%), phosphorite (2%) and iron ore (1%) declined.
The index for ‘Crude Petroleum & Natural Gas’ group declined by 7.8 percent to 64.0 (provisional) from 69.4 (provisional) for the previous month due to lower price of crude petroleum (11%).
The index for ‘Manufacture of Other Transport Equipment’ group rose by 1.2 percent to 111.0 (provisional) from 109.7 (provisional) for the previous month due to higher price of diesel/electric locomotive (11%), auto rickshaw/tempo/matador/three wheelers (3%), motor cycles (2%) and tanker and propellers & blades of boats/ships (1% each). However, the price of wagons (3%) and bicycles of all types (2%) declined.
The index for ‘Other Manufacturing’ group rose by 5.1 percent to 115.9 (provisional) from 110.3 (provisional) for the previous month due to higher price of gold & gold ornaments (6%). However, the price of silver (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 increased from -1.25% in June, 2017 to 2.12% in July, 2017.
FINAL INDEX FOR THE MONTH OF MAY, 2017 (BASE YEAR: 2011-12=100)
For the month of May, 2017, the final Wholesale Price Index for ‘All Commodities’ (Base: 2011-12=100) stood at 112.9 as compared to 112.8 (provisional) and annual rate of inflation based on final index stood at 2.26 percent as compared to 2.17 percent (provisional) respectively as reported on 14.06.2017.
Next date of press release: 14/09/2017 for the month of August, 2017
Office of Economic Adviser, Ministry of Commerce & Industry, New Delhi,
This press release is available at our home page http://eaindustry.nic.in
Wholesale Price Index and Rates of Inflation (Base Year: 2011-12=100)
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