India's Nov wholesale inflation at 0 percent

INFLATION

The annual rate of inflation, based on monthly WPI, declined to 0.0% (provisionally) for the month of November, 2014 (over November,2013) as compared to 1.77% (provisional) for the previous month and 7.52% during the corresponding month of the previous year. Build up inflation rate in the financial year so far was 0.67% compared to a build up rate of 6.70% in the corresponding period of the previous year.
 

PRIMARY ARTICLES (Weight 20.12%)

The index for this major group declined by 1.0 percent to 252.4 (provisional) from 255.0 (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 0.4 percent to 257.5 (provisional) from 258.5 (provisional) for the previous month due to lower price of bajra and tea (4% each), ragi and fruits & vegetables (3% each), maize (2%) and barley, poultry chicken, jowar, rice and gram (1% each).  However, the price of moong (6%), fish-inland (5%), egg (4%), coffee and mutton (3% each), fish-marine (2%) and wheat, arhar and condiments & spices (1% each) moved up.

The index for  ‘Non-Food Articles’  group declined by 0.7 percent to 208.5 (provisional) from 210.0 (provisional) for the previous month due to lower price of guar seed and niger seed (6% each), sunflower (5%), copra (coconut) (4%), cotton seed, raw rubber and safflower (kardi seed) (3% each), groundnut seed, raw cotton and gingelly seed (sesamum) (2% each) and flowers and raw wool (1% each).  However, the price of  raw jute (5%), soyabean and castor seed (4% each), fodder (2%) and mesta and logs & timber (1% each) moved up.

The index for  ‘Minerals’  group declined by 5.9 percent to  327.4 (provisional) from 348.1  (provisional) for the previous month due to lower price of crude petroleum (12%), sillimanite (4%), barytes (3%) and chromite and steatite (2% each). However, the price of zinc concentrate (35%), copper ore (5%) and iron ore and magnesite (2% each) moved up.

FUEL & POWER (Weight 14.91%)

The index for this major group declined by 5.4  percent to  199.3 (provisional) from 210.7 (provisional) for the previous month due to lower price of furnace oil (13%), high speed diesel oil (10%), aviation turbine fuel (8%), petrol (5%) and kerosene (3%).

MANUFACTURED PRODUCTS (Weight 64.97%)

The index for this major group declined by 0.3 percent to 155.4 (provisional) from 155.8 (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 declined by 0.9 percent to 172.6 (provisional) from 174.2 (provisional) for the previous month due to lower price of tea leaf (blended) (7%), gur (5%), bakery products, sugar confectionary and soyabean oil (4% each), oil cakes (3%), cotton seed oil, tea dust (blended), processed prawn and wheat flour (atta) (2% each) and gingelly oil,     tea leaf (unblended), palm oil, gola (cattle feed), sugar, maida and powder milk (1% each).  However, the price of sooji        (rawa) (6%), copra oil and khandsari (3% each), mixed spices and tea dust (unblended) (2% each) and mustard & rapeseed oil, vanaspati, ghee, groundnut oil, sunflower oil and canned fish (1% each) moved up.

The index for ‘Beverages, Tobacco & Tobacco Products’ group rose by 0.1 percent to 201.8 (provisional) from 201.6 (provisional) for the previous month due to higher price of zarda (13%), beer (2%) and soft drinks & carbonated water        (1%).  However, the price of dried tobacco (9%) and imfl -blended (1%) declined.

The index for ‘Textiles’ group declined by 0.3 percent to 142.8 (provisional) from 143.3 (provisional) for the previous month due to lower price of  jute sacking bag (2%) and cotton yarn, tyre cord fabric and man made fibre (1% each).  However, the price of woollen textiles (2%) and cotton fabric, jute sacking cloth and man made fabric (1% each) moved up.

The index for ‘Wood & Wood Products’ group rose by 0.1 percent to 186.5 (provisional) from 186.3 (provisional) for the previous month due to higher price of timber/wooden planks (1%).

The index for ‘ Paper & Paper Products ‘ group rose by 0.5 percent to 151.3 (provisional) from 150.5 (provisional) for the previous month due to higher price of laminated paper (6%), newsprint (4%) and corrugated sheet boxes and books/ periodicals/ journals (1% each).  However, the price of paper pulp and maplitho paper (1% each) declined.

The index for ‘Leather & Leather Products’ group rose by 1.2 percent to 147.4 (provisional) from 145.6 (provisional) for the previous month due to higher price of leathers (4%) and leather footwear (1%).

The index for ‘Rubber & Plastic Products’ group declined by 0.1 percent to 150.9 (provisional) from 151.1 (provisional) for the previous month due to lower price of rubber products (1%).  However, the price of tubes (1%) moved up.

The index for ‘Chemicals & Chemical Products’ group declined by 0.3 percent to 153.2 (provisional) from 153.7 (provisional) for the previous month due to lower price of non-cyclic compound (3%), dye & dye intermediates, toilet soap and basic organic chemicals (2% each) and turpentine oil and rubber chemicals (1% each).  However, the price of      ammonium sulphate (4%), vitamins (2%) and vaccines, di ammonium phosphate, paints, pesticides, washing powder,     organic manure and ayurvedic medicines (1% each) moved up.

The index for ‘Non-Metallic Mineral Products’ group rose by 1.0 percent to 174.9 (provisional) from 173.2 (provisional) for the previous month due to higher price of lime and marbles (2% each) and bricks & tiles, grey cement and glass bottles & bottleware (1% each).  However, the price of white cement (1%) declined.

The index for ‘Basic Metals, Alloys & Metal Products’ group declined by 0.5 percent to 165.5 (provisional) from 166.4 (provisional) for the previous month due to lower price of silver (6%), rounds, gold & gold ornaments and billets (3% each),     sponge iron, wire rods, HRC, CRC and pencil ingots (2% each) and angles, gp/gc sheets, rebars, joist & beams and pig iron (1% each).  However, the price of steel castings (4%), nuts/bolts/screw/washers (3%), iron & steel wire,     pipes/tubes/rods/strips and aluminum (2% each) and ferro silicon, steel: pipes & tubes and steel structures (1% each) moved up.

The index for ‘Transport, Equipment & Parts’ group declined by 0.1 percent to 135.9 (provisional) from 136.1 (provisional) for the previous month due to lower price of motor cycle / scooter / moped (1%).  However, the price of railway brake gear   (2%) and auto parts (1%) moved up.

FINAL INDEX FOR THE MONTH OF SEPTEMBER, 2014 (BASE YEAR: 2004-05=100)

For the month of September, 2014, the final Wholesale Price Index for ‘All Commodities’ (Base: 2004-05=100) and annual rate of inflation remained unchanged at its provisional level of 185.0 and 2.38 percent respectively as reported on 14.10.2014.