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WPI for all commodities rose by 1.4 percent in June, says government

Updated: Jul 14, 2016 13:26 IST      
WPI for all commodities rose by 1.4 percent in June, says government

New Delhi, July 14 (ANI): The official Wholesale Price Index (WPI) 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, said the government on Thursday.

The annual rate of inflation, based on monthly WPI, provisionally stood at 1.62 percent for June, 2016 (over June, 2015) as compared to 0.79 percent (provisional) for the previous month and -2.13 percent during the corresponding month of the previous year.

The Centre said that the build up inflation rate in the financial year so far was 3.82 percent compared to a build up rate of 1.70 percent in the corresponding period of the previous year.

The movement of the index for the various commodity groups is as follows:

Primary Articles (Weight 20.12 percent)

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 the higher prices of fruits and vegetables and urad (8 percent each), gram (7 percent), tea and maize (3 percenteach), rice and wheat (2 percent each) and barley, milk, mutton and fish-marine (1 percent each).

However, the price of moong (4 percent), poultry chicken and ragi (2 percent each) and pork, bajra, beef & buffalo meat and masur (1 percent 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 percent), raw cotton (11 percent), fodder (5 percent), raw jute (4 percent), cotton seed (3 percent), raw rubber, rape and mustard seed, raw wool and groundnut seed (2 percent each) and sunflower (1 percent).

However, the price of flowers (9 percent), safflower (kardi seed) (5 percent), copra (coconut) (4 percent), castor seed (3 percent), gingelly seed, guar seed and niger seed (2 percent each) and raw silk and mesta (1 percent 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 percent), crude petroleum (11 percent), iron ore (5 percent), copper ore (2 percent) and chromite (1 percent).

However, the price of sillimanite (6 percent), phosphorite (2 percent) and magnesite (1 percent) declined.

Fuel and Power (Weight 14.91 percent)

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 percent), aviation turbine fuel (11 percent), high speed diesel (8 percent), petrol (5 percent), kerosene (2 percent) and LPG (1 percent).

However, the price of non-coking coal (12 percent) and bitumen (2 percent) declined.

Manufactured Products (Weight 64.97 percent)

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 percent), sooji (rawa) (4 percent), vanaspati (3 percent), oil cakes, cotton seed oil, mixed spices, wheat flour (atta), groundnut oil and tea dust (blended) (2 percent each) and gur, sugar, tea leaf (unblended), palm oil, powder milk, gola (cattle feed), maida and mustard & rapeseed oil (1 percent each).

However, the price of tea leaf (blended) (5 percent), processed prawn (3 percent), gingelly oil (2 percent) and copra oil (1 percent) 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 percent) and cigarette (3 percent). However, the price of beer (4 percent), rectified spirit (2 percent) and dried tobacco and soft drinks and carbonated water (1 percent 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 percent), tyre cord fabric, jute yarn, jute sacking cloth and cotton yarn (1 percent each). However, the price of man made fabric and jute sacking bag (1 percent each) declined.

The index for 'Wood and 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 percent). However, the price of timber / wooden planks and processed wood (2 percent 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 percent) and newsprint (1 percent).

The index for 'Leather and 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 percent), footwear/safety boot (2 percent) and other leather foot wear (1 percent).

However, the price of leather gloves (2 percent) and crome tanned leather and leather shoe upper (1 percent 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 percent).

However, the price of tubes (7 percent) and rubber products (1 percent 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 percent), rubber chemicals (2 percent) and basic organic chemicals, paints, urea, polymers, non-cyclic compound, basic inorganic chemicals, antibiotics and dye and dye intermediates (1 percent each).

However, the price of lacquer and varnishes (1 percent) 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 percent) and asbestos corrugated sheet (4 percent).

However, the price of railway sleeper and polished granite (2 percent each) and lime (1 percent) moved up.

The index for 'Basic Metals, Alloys and 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 percent), wire rods and billets (4 percent each), sponge iron, pencil ingots and angles (3 percent each), melting scrap, gp/gc sheets, joist and beams and rebars (2 percent each) and steel structures, plates, pressure cooker, HRC, utensils (other than aluminium), CRC and metal containers (1 percent each).

However, the price of furniture (4 percent), silver (2 percent) and gold and gold ornaments, pipes/tubes/rods/strips, aluminium and steel: pipes & tubes (1 percent 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 percent), electric motor starters (4 percent), grinding /wet coffee machinery (3 percent) and pvc insulated cable, ball/roller bearing, electric motors and machine tools (1 percent). However, the price of lifts (2 percent) and heating elements, engines, insulators, industrial valves and washing / laundry machines (1%each) moved up.

The index for ' Transport, Equipment and 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 percent). (ANI)

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