The annual rate of inflation, based on monthly WPI, stood at 5.96% (provisional) for the month of March, 2013 (over March, 2012) as compared to 6.84% (provisional) for the previous month and 7.69% during the corresponding month of the previous year. Build up inflation rate in the financial year so far was 5.96% compared to a build up rate of 7.69% in the corresponding period of the previous year.
Primary articles
The index for this major group rose by 0.4 % to 223.6 (provisional) from 222.7 (provisional) for the previous month. The index for 'Non-Food Articles' group rose by 0.6 % to 206.9 (provisional) from 205.6 (provisional) for the previous month due to higher prices of logs & timber (16%), soyabean (11%), raw rubber (7%), mesta and gingelly seed (5% each) and raw cotton, raw silk and raw jute (4% each). However, the prices of flower (18%), rape & mustard seed (9%), copra (coconut) and fodder (3% each) and groundnut seed and guar seed (1% each) declined. On monthly basis, primary articles recorded 7.60% growth in March 2013 compared with March 2012. The growth rate for the index in February 2013 stood at 9.70% compared with same month a year ago.
The index for 'Minerals' group rose by 2.1 % to 357.4 (provisional) from 350.1 (provisional) for the previous month due to higher prices of zinc concentrate (5%), iron ore (4%), crude petroleum (2%) and copper ore (1%). However, the prices of magnesite (7%), sillimanite (6%), manganese ore and barytes (3% each) and chromite (1%) declined.
Inflation index for food articles recorded 8.73% growth in March 2013. It was 11.38% in February 2013.
Fuel & power
The index for this major group rose by 0.4 % to 195.9 (provisional) from 195.2 (provisional) for the previous month due to higher prices of aviation turbine fuel (4%), high speed diesel and lignite (2% each). However, the prices of naphtha and light diesel oil (2% each) and petrol (1%) declined.
Manufactured products
The index for this major group rose by 0.1 % to 148.4 (provisional) from 148.2 (provisional) for the previous month. The index for 'Food Products' group declined by 0.5 % to 164.9 (provisional) from 165.7 (provisional) for the previous month due to lower prices of sunflower oil (7%), cotton seed oil (5%), mustard & rapeseed oil (4%), tea leaf (unblended), groundnut oil, tea leaf (blended) and soyabean oil (3% each), processed prawn and canned fish (2 % each) and sugar, tea dust (unblended), palm oil, copra oil, tea dust (blended) and sugar confectionary (1% each). However, the prices of oil cakes and wheat flour (atta) (4% each), gingelly oil and bakery products (3% each), salt (2%) and mixed spices, gur, sooji (rawa) and gola (cattle feed) (1% each) moved up.
The index for 'Beverages, Tobacco & Tobacco Products' group declined by 0.4 % to 178.1 (provisional) from 178.8 (provisional) for the previous month due to lower prices of dried tobacco (4%) and beer and rectified spirit (1 % each). The index for 'Textiles' group declined by 0.3 % to 132.7 (provisional) from 133.1 (provisional) for the previous month due to lower prices of jute sacking bag and man made fibre (1% each). However, the prices of cotton yarn (1%) moved up.
The index for 'Wood & Wood Products' group declined by 0.1 % to 173.5 (provisional) from 173.7 (provisional) for the previous month due to lower prices of wooden chair and veneer wood (3% each).
The index for 'Paper & Paper Products' group rose by 1.2 % to 140.0 (provisional) from 138.3 (provisional) for the previous month due to higher prices of books/ periodicals/ journals (5%), newspaper (3%), paper cartons / boxes (2%) and maplitho paper, paper for printing / poster and printing and writing paper (1% each). However, the prices of card board (1%) declined. The index for 'Leather & Leather Products' group rose by 0.4 % to 134.3 (provisional) from 133.8 (provisional) for the previous month due to higher prices of leather footwear (1%).
The index for 'Rubber & Plastic Products' group rose by 0.3 % to 139.4 (provisional) from 139.0 (provisional) for the previous month due to higher prices of rubber foot wear (3%), polyester film (2%) and plastic/pvc pipe (1%). The index for 'Chemicals & Chemical Products' group rose by 0.4 % to 145.5 (provisional) from 144.9 (provisional) for the previous month due to higher prices of thermocol (8%), polymers (3%), basic organic chemicals and pesticides (2% each) and antibiotics, castor oil, vitamins and tooth paste / tooth powder (1% each). However, the prices of safety matches/ match box (6%), synthetic resin (2%) and non-cyclic compound and hair / body oils (1% each) declined.
The index for 'Non-Metallic Mineral Products' group rose by 1.8 % to 167.7 (provisional) from 164.8 (provisional) for the previous month due to higher prices of marbles (19%), white cement (3%) and grey cement (2%). The index for 'Basic Metals, Alloys & Metal Products' group declined by 0.1 % to 164.8 (provisional) from 165.0 (provisional) for the previous month due to lower prices of silver, utensils (other than aluminium) and pig iron (3% each), sheets (2%) and steel castings, slab, furniture and metal containers (1% each). However, the prices of steel structures (6%), lead (5%), melting scrap (2%) and steel rods, pressure cooker, zinc and iron & steel wire (1% each) moved up.
The index for 'Machinery & Machine Tools' group rose by 0.2 % to 129.5 (provisional) from 129.3 (provisional) for the previous month due to higher prices of fibre optic cable (9%), electric switch gears and electric generators (2%) and plastic machinery, boiler & accessories, engines, concrete vibrator & mixture, heating elements and rubber machinery (1% each). However, the prices of control equipments and ball/roller bearing (1% each) declined. The index for 'Transport, Equipment & Parts' group rose by 0.8 % to 132.3 (provisional) from 131.3 (provisional) for the previous month due to higher prices of bus / mini bus / truck (4%).
January inflation index revised upwards
For the month of January, 2013, the final Wholesale Price Index for 'All Commodities' (Base: 2004-05=100) stood at 170.3 as compared to 169.2 (provisional) and annual rate of inflation based on final index stood at 7.31 % as compared to 6.62 % respectively as reported on 14.02.2013.
Wholesale Price Index and Rates of Inflation (Base Year: 2004-05=100)
Month of March, 2013Commodities/Major Groups/Groups/Sub-Groups Weight WPI Mar., 2013 Latest month over month Build up from March Year on year 2011-12 2012-13 2011-12 2012-13 2011-12 2012-13ALL COMMODITIES 100 170.6 1.07 0.24 7.69 5.96 7.69 5.96PRIMARY ARTICLES 20.11815 223.6 2.36 0.4 10.41 7.6 10.41 7.6Food Articles 14.33709 214.3 2.44 0 10.11 8.73 10.11 8.73Cereals 3.37323 213.4 1.18 0.47 4.64 18.36 4.64 18.36Rice 1.79348 206.8 1.39 0.58 5.03 17.9 5.03 17.9Wheat 1.11595 206.3 1.18 -0.29 -0.58 19.87 -0.58 19.87Pulses 0.71662 232.4 0.81 -3.09 10.1 10.51 10.1 10.51Vegetables 1.73553 188.2 18.01 4.27 32.59 -0.95 32.59 -0.95Potato 0.2015 152 19.55 -1.68 18.43 20.06 18.43 20.06Onion 0.17794 265 1.64 -22.13 -24.06 94.85 -24.06 94.85Fruits 2.10717 184.7 3.64 -0.38 -4.39 4.71 -4.39 4.71Milk 3.23818 210.2 -0.1 -0.24 15.29 4.42 15.29 4.42Egg, Meat & Fish 2.41384 254.7 -0.43 -2.04 17.4 11.03 17.4 11.03Non-Food Articles 4.25756 206.9 1.66 0.63 -0.78 8.95 -0.78 8.95Fibres 0.87737 220.5 -1.17 4.06 -31.35 13.25 -31.35 13.25Oil Seeds 1.78051 203.8 4.26 0.49 13.44 18.97 13.44 18.97Minerals 1.5235 357.4 3.07 2.09 34.48 -0.39 34.48 -0.39FUEL & POWER 14.91021 195.9 0.62 0.36 12.82 10.18 12.82 10.18Liquefied petroleum gas 0.91468 185.1 0 -0.43 14.27 25.66 14.27 25.66Petrol 1.09015 186.8 0 -1.06 12.04 5.12 12.04 5.12High speed diesel 4.6702 203.4 0 1.7 9.24 21.22 9.24 21.22MANUFACTURED PRODUCTS 64.97164 148.4 0.56 0.13 5.16 4.07 5.16 4.07Food Products 9.97396 164.9 0.59 -0.48 6.2 7.01 6.2 7.01Sugar 1.73731 191.9 -0.51 -1.24 2.87 9.41 2.87 9.41Edible Oils 3.04293 145 1.65 -2.29 9.94 2.4 9.94 2.4Beverages, Tobacco & Tobacco Product 1.76247 178.1 0.3 -0.39 8.93 5.82 8.93 5.82Cotton Textiles 2.60526 148.7 0.64 0.34 -8.66 5.24 -8.66 5.24Man Made Textiles 2.20573 127.2 0.17 -0.31 -1.64 5.91 -1.64 5.91Wood & Wood Products 0.58744 173.5 0.55 -0.12 8.64 5.28 8.64 5.28Paper & Paper Products 2.0335 140 0.3 1.23 2.47 5.5 2.47 5.5Leather & Leather Products 0.83509 134.3 1 0.37 4.94 1.97 4.94 1.97Rubber & Plastic Products 2.98697 139.4 0.3 0.29 1.2 3.57 1.2 3.57Chemicals & Chemical Products 12.0177 145.5 0.94 0.41 7.66 4.53 7.66 4.53Non-Metallic Mineral Products 2.55597 167.7 1.28 1.76 6.68 6.01 6.68 6.01Cement & Lime 1.38646 171.9 1.62 1.96 6.12 5.4 6.12 5.4Basic Metals Alloys & Metal Product 10.74785 164.8 0.8 -0.12 10.11 0.92 10.11 0.92Iron & Semis 1.56301 154.8 2.29 -0.51 17.61 -6.18 17.61 -6.18Machinery & Machine Tools 8.93148 129.5 0.08 0.15 2.51 2.45 2.51 2.45Transport Equipment & Parts 5.21282 132.3 0.48 0.76 3.27 4.67 3.27 4.67Source PIBTrend of Rate of Inflation for some important items during last six months
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