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The Ministry of Commerce and Industry, in its press release said that the official Wholesale Price Index for all commodities (base: 2011-12=100) for July 2018 rose to 119.7 (provisional) from 119.2 (provisional) — registering an increase of 0.5 per cent.
The ministry said that the annual rate of inflation, based on monthly WPI, was 5.09 per cent (provisional) for July 2018, compared to 5.77 per cent (provisional) for the previous month and 1.88 per cent during the corresponding month of the previous year. Build up inflation rate in the current financial year so far was 2.92 per cent compared to 0.62 per cent for the same period last year.
The indexes for primary articles (weight 22.62 per cent) – a major group – rose to 134.9 (provisional) from 133.2 (provisional) for the previous month, an increase of 1.3 per cent.
The index for fuel and power (weight 13.15 per cent) – a major group – rose to 104.4 (provisional) from 104.1 (provisional) for the previous month – an increase of 0.3 per cent.
The index for manufactured products (weight 64.23 per cent) – a major group – rose to 117.4 (provisional) from 117.3 (provisional) for the previous month – an increase of 0.1 per cent.
The wholesale price index for food (weight 24.38%) consisting of “food articles” from Primary Articles group and “food product” from Manufactured Products group increased from 1.56 per cent in June 2018 to -0.86 per cent in July 2018.
The final wholesale price index for all commodities the month of May 2018 (base year 2011-12=100) stood at 118.3 as compared to 117.9 (provisional) and annual rate of inflation based on final index stood at 4.78 per cent as compared to 4.43 per cent (provisional) respectively as reported on 14 June
2018.
According to PIB details from http://www.pib.nic.in/PressReleseDetail.aspx?PRID=1542941
Annexure-I
Wholesale Price Index and Rates of Inflation (Base Year: 2011-12=100)
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Month of July, 2018 |
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Commodities/Major Groups/Groups/Sub-Groups |
Weight |
WPI July-2018 |
Latest month over month |
Build up from March |
Year on year |
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2017-18 |
2018-19 |
2017-18 |
2018-19 |
2017-18 |
2018-19 |
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ALL COMMODITIES |
100.00 |
119.7 |
1.06 |
0.42 |
0.62 |
2.92 |
1.88 |
5.09 |
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PRIMARY ARTICLES |
22.62 |
134.9 |
4.82 |
1.28 |
4.33 |
5.23 |
0.61 |
1.73 |
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Food Articles |
15.26 |
144.7 |
6.25 |
2.12 |
7.49 |
5.39 |
2.35 |
-2.16 |
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Cereals |
2.82 |
147.6 |
0.00 |
0.89 |
-1.79 |
2.07 |
0.56 |
3.51 |
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Paddy |
1.43 |
155.0 |
0.47 |
0.71 |
0.95 |
1.57 |
3.40 |
3.96 |
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Wheat |
1.03 |
144.9 |
0.15 |
1.26 |
-4.62 |
2.62 |
-1.16 |
6.31 |
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Pulses |
0.64 |
120.8 |
-1.15 |
2.81 |
-5.45 |
-1.23 |
-31.39 |
-17.03 |
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Vegetables |
1.87 |
173.4 |
48.93 |
18.36 |
70.44 |
50.52 |
22.01 |
-14.07 |
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Potato |
0.28 |
231.1 |
17.87 |
3.22 |
45.55 |
77.09 |
-42.45 |
74.28 |
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Onion |
0.16 |
162.7 |
4.83 |
23.07 |
5.97 |
3.43 |
-9.50 |
38.82 |
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Fruits |
1.60 |
134.6 |
5.81 |
-7.11 |
5.96 |
-11.56 |
2.71 |
-8.81 |
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Milk |
4.44 |
143.2 |
0.00 |
0.49 |
1.98 |
1.78 |
3.73 |
2.87 |
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Eggs, Meat & Fish |
2.40 |
139.3 |
-0.14 |
0.80 |
2.91 |
4.66 |
3.68 |
0.87 |
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Non-Food Articles |
4.12 |
123.5 |
0.68 |
0.82 |
-2.54 |
2.83 |
-6.09 |
3.96 |
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Oil Seeds |
1.12 |
138.1 |
-0.40 |
0.58 |
-2.33 |
-0.43 |
-12.95 |
9.86 |
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Minerals |
0.83 |
129.6 |
1.10 |
-7.56 |
4.09 |
-6.29 |
24.74 |
8.45 |
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Crude Petroleum |
2.41 |
87.8 |
1.09 |
-1.57 |
-16.89 |
18.81 |
-9.15 |
57.91 |
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FUEL & POWER |
13.15 |
104.4 |
-1.34 |
0.29 |
-5.56 |
6.53 |
4.37 |
18.10 |
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LPG |
0.64 |
92.7 |
-1.95 |
7.92 |
-24.79 |
8.93 |
0.28 |
31.68 |
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Petrol |
1.60 |
89.6 |
-3.39 |
-0.67 |
-9.84 |
6.04 |
9.60 |
20.75 |
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HSD |
3.10 |
96.8 |
-1.50 |
-0.51 |
-7.18 |
7.44 |
5.49 |
22.84 |
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MANUFACTURED PRODUCTS |
64.23 |
117.4 |
0.00 |
0.09 |
0.27 |
1.38 |
2.09 |
4.26 |
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Manufacture of Food Products |
9.12 |
129.0 |
-0.24 |
0.39 |
-0.39 |
0.86 |
2.01 |
1.74 |
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Manufacture of Vegetable And Animal Oils and Fats |
2.64 |
120.3 |
0.00 |
-0.08 |
-2.31 |
2.82 |
1.53 |
13.60 |
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Sugar |
1.06 |
116.6 |
0.70 |
4.01 |
-0.31 |
-0.17 |
8.95 |
-10.51 |
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Manufacture of Tobacco Products |
0.51 |
149.3 |
0.69 |
-0.67 |
2.18 |
-0.67 |
4.23 |
2.75 |
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Manufacture of Textiles |
4.88 |
117.1 |
-0.26 |
1.04 |
0.35 |
2.54 |
1.80 |
3.35 |
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Manufacture of Wearing Apparel |
0.81 |
138.2 |
0.74 |
-0.72 |
1.95 |
0.36 |
4.55 |
1.84 |
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Manufacture of Leather and Related Products |
0.54 |
123.0 |
0.84 |
0.90 |
0.25 |
2.16 |
-2.50 |
1.91 |
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Manufacture of Wood And of Products of Wood and Cork |
0.77 |
132.0 |
-0.08 |
-0.83 |
1.31 |
0.46 |
1.39 |
0.23 |
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Manufacture of Paper and Paper Products |
1.11 |
121.8 |
0.34 |
0.91 |
2.77 |
1.25 |
4.94 |
2.44 |
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Manufacture of Chemicals and Chemical Products |
6.47 |
118.1 |
-0.36 |
0.08 |
-0.54 |
2.25 |
-0.54 |
6.30 |
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Manufacture of Rubber and Plastics Products |
2.30 |
109.4 |
-0.65 |
0.37 |
-1.38 |
1.67 |
0.47 |
1.96 |
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Manufacture of other Non-Metallic Mineral Products |
3.20 |
115.7 |
-0.62 |
0.43 |
2.47 |
1.49 |
1.17 |
3.30 |
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Manufacture of Cement, Lime and Plaster |
1.64 |
114.4 |
-0.96 |
0.70 |
4.12 |
0.70 |
1.79 |
0.53 |
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Manufacture of Basic Metals |
9.65 |
112.1 |
0.73 |
-0.80 |
1.46 |
2.28 |
9.36 |
15.57 |
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Mild Steel – Semi Finished Steel |
1.27 |
99.5 |
2.57 |
-1.09 |
1.66 |
1.43 |
3.26 |
8.39 |
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Manufacture of Fabricated Metal Products, Except Machinery and Equipment |
3.15 |
114.6 |
0.47 |
0.53 |
-0.74 |
2.32 |
3.56 |
6.41 |
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Manufacture of other Transport Equipment |
1.65 |
110.8 |
-0.18 |
0.27 |
-0.73 |
0.36 |
3.41 |
1.56 |
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Annexure-II |
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Trend of Rate of Inflation for some important items during last six months |
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Commodities/Major Groups/Groups/Sub-Groups |
Weight (%) |
Rate of Inflation for the last six months |
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July-18 |
June-18 |
May-18 |
Apr-18 |
Mar-18 |
Feb-18 |
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ALL COMMODITIES |
100.00 |
5.09 |
5.77 |
4.78 |
3.62 |
2.74 |
2.74 |
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PRIMARY ARTICLES |
22.62 |
1.73 |
5.30 |
3.79 |
2.59 |
0.87 |
0.79 |
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Food Articles |
15.26 |
-2.16 |
1.80 |
1.74 |
0.87 |
-0.22 |
0.95 |
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Cereals |
2.82 |
3.51 |
2.59 |
1.68 |
0.21 |
-0.41 |
-2.38 |
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Paddy |
1.43 |
3.96 |
3.71 |
4.19 |
3.86 |
3.32 |
3.42 |
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Wheat |
1.03 |
6.31 |
5.14 |
3.05 |
-0.07 |
-1.19 |
-6.23 |
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Pulses |
0.64 |
-17.03 |
-20.23 |
-21.13 |
-22.46 |
-20.58 |
-24.51 |
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Vegetables |
1.87 |
-14.07 |
8.12 |
3.56 |
-0.40 |
-2.70 |
15.26 |
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Potato |
0.28 |
74.28 |
99.02 |
88.53 |
71.66 |
43.25 |
11.67 |
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Onion |
0.16 |
38.82 |
18.25 |
13.20 |
13.62 |
42.22 |
118.95 |
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Fruits |
1.60 |
-8.81 |
3.87 |
15.40 |
19.39 |
9.26 |
7.39 |
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Milk |
4.44 |
2.87 |
2.37 |
2.38 |
2.54 |
3.08 |
3.84 |
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Eggs, Meat & Fish |
2.40 |
0.87 |
-0.07 |
0.15 |
-2.00 |
-0.82 |
-0.22 |
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Non-Food Articles |
4.12 |
3.96 |
3.81 |
0.42 |
-0.74 |
-1.48 |
-2.58 |
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Oil Seeds |
1.12 |
9.86 |
8.80 |
8.16 |
6.54 |
7.77 |
7.30 |
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Minerals |
0.83 |
8.45 |
18.61 |
8.36 |
20.55 |
20.47 |
7.90 |
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Crude Petroleum |
1.95 |
57.91 |
62.18 |
44.57 |
26.18 |
10.46 |
3.71 |
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FUEL & POWER |
13.15 |
18.10 |
16.18 |
12.65 |
7.96 |
4.70 |
4.55 |
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LPG |
0.64 |
31.68 |
19.64 |
-0.74 |
-12.05 |
-9.08 |
8.50 |
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Petrol |
1.60 |
20.75 |
17.45 |
13.90 |
10.09 |
2.67 |
2.52 |
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HSD |
3.10 |
22.84 |
21.63 |
17.34 |
13.50 |
6.12 |
7.41 |
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MANUFACTURED PRODUCTS |
64.23 |
4.26 |
4.17 |
3.82 |
3.29 |
3.12 |
3.31 |
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Manufacture of Food Products |
9.12 |
1.74 |
1.10 |
0.24 |
0.55 |
0.47 |
-1.09 |
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Manufacture of Vegetable And Animal Oils and Fats |
2.64 |
13.60 |
13.69 |
13.21 |
11.19 |
7.93 |
3.18 |
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Sugar |
1.06 |
-10.51 |
-13.37 |
-19.46 |
-15.56 |
-10.64 |
-9.82 |
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Manufacture of Tobacco Products |
0.51 |
2.75 |
4.16 |
5.87 |
3.70 |
5.70 |
7.73 |
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Manufacture of Textiles |
4.88 |
3.35 |
2.02 |
1.85 |
0.97 |
1.15 |
1.61 |
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Manufacture of Wearing Apparel |
0.81 |
1.84 |
3.34 |
3.79 |
4.77 |
3.46 |
4.92 |
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Manufacture of Leather and Related Products |
0.54 |
1.91 |
1.84 |
1.83 |
2.94 |
0.00 |
0.42 |
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Manufacture of Wood And of Products of Wood and Cork |
0.77 |
0.23 |
0.99 |
1.75 |
0.99 |
1.08 |
0.69 |
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Manufacture of Paper and Paper Products |
1.11 |
2.44 |
1.86 |
3.31 |
3.78 |
3.98 |
5.41 |
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Manufacture of Chemicals and Chemical Products |
6.47 |
6.30 |
5.83 |
5.10 |
4.21 |
3.40 |
3.41 |
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Manufacture of Rubber and Plastics Products |
2.30 |
1.96 |
0.93 |
0.46 |
-0.09 |
-1.10 |
-1.38 |
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Manufacture of other Non-Metallic Mineral Products |
3.20 |
3.30 |
2.22 |
2.76 |
3.78 |
4.30 |
4.78 |
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Manufacture of Cement, Lime and Plaster |
1.64 |
0.53 |
-1.13 |
-0.26 |
1.78 |
3.93 |
5.49 |
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Manufacture of Basic Metals |
9.65 |
15.57 |
17.34 |
15.79 |
13.35 |
14.64 |
16.12 |
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Mild Steel – Semi Finished Steel |
1.27 |
8.39 |
12.40 |
11.76 |
9.66 |
8.64 |
9.64 |
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Manufacture of Fabricated Metal Products, Except Machinery and Equipment |
3.15 |
6.41 |
6.34 |
4.07 |
2.86 |
3.23 |
4.18 |
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Manufacture of other Transport Equipment |
1.65 |
1.56 |
1.10 |
1.28 |
2.22 |
0.45 |
2.46 |
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