Index Numbers of Wholesale Price in India (Base: 2004-05=100) Review for the month of November, 2016


Index Numbers of Wholesale Price in India (Base: 2004-05=100)

Review for the month of November, 2016

The official Wholesale Price Index for ‘All Commodities’ (Base: 2004-05=100) for the month of November, 2016 rose by 0.1 percent to 183.1 (provisional) from 182.9 (provisional) for the previous month.


INFLATION

The annual rate of inflation, based on monthly WPI, stood at 3.15% (provisional) for the month of November, 2016 (over November, 2015) as compared to 3.39% (provisional) for the previous month and -2.04% during the corresponding month of the previous year.  Build up inflation rate in the financial year so far was 4.45% compared to a build up rate of 0.80% 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:-

PRIMARY ARTICLES (Weight 20.12%)

The index for this major group declined by 0.9 percent to 259.4 (provisional) from 261.8 (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 1.0 percent to 276.1 (provisional) from 278.8 (provisional) for the previous month due to lower price of fruits & vegetables (7%), moong and masur (4% each), urad (3%), maize (2%) and      arhar and condiments & spices (1% each).  However, the price of ragi (20%), gram (10%), coffee (10%), wheat (5%),      poultry chicken and barley (4% each) and bajra, fish-inland, tea, fish-marine, egg and jowar (1% each) moved up.

The index for 'Non-Food Articles'  group declined by 0.8 percent to  221.4 (provisional) from 223.2 (provisional) for the previous month due to lower price of sunflower (11%), groundnut seed and guar seed (5% each), soyabean and flowers (4% each), linseed, raw cotton and mesta (3% each), coir fibre (2%) and raw wool, fodder, gingelly seed (1% each).  However, the price of raw rubber (5%), sugarcane (4%), raw silk (3%), raw jute and castor seed (2% each) and copra (coconut), safflower (kardi seed) and rape & mustard seed (1% each) moved up.

The index for 'Minerals' group declined by 1.7 percent to  207.4 (provisional) from 210.9 (provisional) for the previous month due to lower price of magnesite  (20%), copper ore (17%), chromite (5%) and phosphorite (2%).  However, the price of manganese ore (10%), limestone (6%), iron ore (4%) and zinc concentrate (1%) moved up.

FUEL & POWER (Weight 14.91%)

The index for this major group rose by 1.8 percent to 190.7 (provisional) from 187.3 (provisional) for the previous month due to higher price of aviation turbine fuel (9%), bitumen (6%), furnace oil and high speed diesel (3% each), kerosene and LPG (2% each) and petrol (1%).

MANUFACTURED PRODUCTS (Weight 64.97%)

The index for this major group rose by 0.3 percent to 157.9 (provisional) from 157.4 (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 0.5 percent to 194.0 (provisional) from 193.0 (provisional) for the previous month due to higher price of wheat flour (atta) (6%), maida (5%), sooji (rawa) (4%), mixed spices (3%), sugar and copra oil (2% each) and gola (cattle feed) and soyabean oil (1% each).  However, the price of oil cakes (4%), groundnut oil and gur (3% each), sunflower oil (2%) and tea dust (unblended), tea leaf (unblended), tea leaf (blended), processed prawn and bakery products (1% each) declined.

The index for 'Beverages, Tobacco & Tobacco Products' group declined by 0.1 percent to 221.6 (provisional) from 221.7 (provisional) for the previous month due to lower price of dried tobacco (2%).  However, the price of rectified spirit       (3%) and beer (1%) moved up.

The index for 'Textiles' group rose by 0.1 percent to 141.8 (provisional) from 141.7 (provisional) for the previous month due to higher price of tyre cord fabric (5%), gunny and hessian cloth (2%) and cotton fabric (1%).  However, the price of      jute sacking cloth (4%), jute yarn (2%) and jute sacking bag (1%) declined.

The index for 'Wood & Wood Products' group declined by 1.6 percent to 197.6 (provisional) from 200.8 (provisional) for the previous month due to lower price of plywood & fibre board (3%).

The index for 'Paper & Paper Products' group rose by 0.3 percent to 156.4 (provisional) from 155.9 (provisional) for the previous month due to higher price of corrugated sheet boxes (3%) and cream  laid woven paper and printing and writing paper (1% each).  However, the price of paper cartons/boxes (3%) and paper rolls, newsprint and paper pulp (1% each) declined.

The index for 'Leather & Leather Products' group rose by 1.1 percent to 147.1 (provisional) from 145.5 (provisional) for the previous month due to higher price of leather footwear (2%).

The index for 'Rubber & Plastic Products' group declined by 0.1 percent to 148.4 (provisional) from 148.5 (provisional) for the previous month due to lower price of rubber transmission belt, synthetic rubber compound and rubber components & parts (2% each) tractor tyre, other rubber tubes, plastic components/accessories, polyester film and reclaimed rubber (1% each).  However, the prices of hdpe bag (2%) and plastic/ldpe/polythene bag, plastic/pvc chappals, plastic rolls and hdpe woven sacks (1% each) moved up.

The index for 'Chemicals & Chemical Products' group rose by 0.1 percent to 150.8 (provisional) from 150.7 (provisional) for the previous month due to higher price of thermocol (3%), hair / body oils (2%) and toilet soap, basic organic chemicals, non-cyclic compound, safety  matches/ match box, ammonium sulphate, washing soap and dye & dye intermediates (1% each).  However, the price of tooth paste/tooth powder (5%), organic manure and di ammonium phosphate (2% each) and antibiotics, vitamins and polymers (1% each) declined.

The index for 'Non-Metallic Mineral Products' group declined by 0.2 percent to 179.9 (provisional) from 180.2 (provisional) for the previous month due to lower price of polished granite and marbles (1% each).  However, the price of      asbestos corrugated sheet and lime (1% each) moved up.

The index for 'Basic Metals, Alloys & Metal Products' group rose by 0.7 percent to 156.3 (provisional) from 155.2 (provisional) for the previous month due to higher price of ferro chrome (9%), pig iron (5%), pipes/tubes/rods/strips and sheets (3% each), wire rods, gp/gc sheets, HRC and steel rods (2% each) and CRC, melting scrap, steel: pipes & tubes,     pencil  ingots, billets, aluminium and sponge iron (1% each).  However, the price of silver (2%) and ferro silicon (1%) declined.

The index for 'Machinery & Machine Tools' group rose by 0.1 percent to 135.4 (provisional) from 135.2 (provisional) for the previous month due to higher price of t.v.sets and fibre optic cable (3% each), battery dry cells and insulators (2% each) and grinding /wet coffee machinery (1%).  However, the price of sprinkler (2%) and textile machinery (1 %) declined.

FINAL INDEX FOR THE MONTH OF SEPTEMBER, 2016 (BASE YEAR: 2004-05=100)
 
For the month of September, 2016, the final Wholesale Price Index for ‘All Commodities’ (Base: 2004-05=100) stood at 183.2 as compared to 182.8 (provisional) and annual rate of inflation based on final index stood at 3.80 percent as compared to 3.57 percent (provisional) respectively as reported on 14.10.2016.


Next date of press release: 16/01/2017 for the month of December, 2016
Office of Economic Adviser, Ministry of Commerce & Industry, New Delhi,
This press release is available at our home page http://eaindustry.nic.in

Annexure-I
Wholesale Price Index and Rates of Inflation (Base Year: 2004-05=100)






Month of November, 2016
Commodities/Major Groups/Groups/Sub-Groups
Weight
WPI Nov- 2016
Latest month over month
Build up from March
Year on year
2015-16
2016-17
2015-16
2016-17
2015-16
2016-17
ALL COMMODITIES
100.00000
183.1
0.34
0.11
0.80
4.45
-2.04
3.15
PRIMARY ARTICLES
20.11815
259.4
1.10
-0.92
7.20
5.40
2.15
1.25
Food Articles
14.33709
276.1
1.76
-0.97
9.07
6.40
5.55
1.54
Cereals
3.37323
253.5
0.47
1.60
2.21
5.06
0.51
7.32
Rice
1.79348
248.8
-0.50
-0.28
1.63
4.23
-3.26
4.80
Wheat
1.11595
245.0
1.00
5.20
2.69
7.36
4.44
10.71
Pulses
0.71662
462.8
4.28
4.21
47.48
33.56
58.09
21.73
Vegetables
1.73553
251.0
8.14
-8.83
52.54
18.17
13.25
-24.10
Potato
0.20150
275.3
13.37
-3.30
32.94
70.89
-52.87
36.97
Onion
0.17794
245.1
-21.30
12.12
52.03
-10.42
44.51
-51.51
Fruits
2.10717
242.4
-2.23
-5.90
-2.95
2.06
-2.59
2.45
Milk
3.23818
261.3
0.04
0.04
1.42
2.91
1.58
4.19
Egg, Meat & Fish
2.41384
303.8
1.66
1.30
-1.03
1.00
0.49
5.82
Non-Food Articles
4.25756
221.4
0.45
-0.81
9.43
0.73
6.33
-0.14
Fibres
0.87737
231.3
1.15
-1.91
4.86
10.72
0.10
14.05
Oil Seeds
1.78051
206.9
-0.64
-2.45
6.60
-2.22
6.97
-5.05
Minerals
1.52350
207.4
-4.69
-1.66
-15.70
7.52
-32.95
1.12
FUEL & POWER
14.91021
190.7
0.96
1.82
-5.27
10.61
-10.99
7.07
Liquefied petroleum gas
0.91468
163.7
0.50
2.25
-1.17
2.25
-5.74
1.80
Petrol
1.09015
167.7
-0.50
1.39
-3.76
12.70
-9.36
5.54
High speed diesel
4.67020
216.7
2.95
2.90
-10.58
18.22
-16.69
19.26
MANUFACTURED PRODUCTS
64.97164
157.9
-0.20
0.32
-0.58
2.47
-1.42
3.20
Food Products
9.97396
194.0
0.29
0.52
3.00
8.02
1.10
10.73
Sugar
1.73731
221.1
0.24
1.89
-3.84
16.18
-11.22
31.76
Edible Oils
3.04293
156.6
0.20
-0.38
4.01
4.61
4.66
3.98
Beverages, Tobacco & Tobacco Product
1.76247
221.6
0.24
-0.05
1.57
4.63
2.23
7.36
Cotton Textiles
2.60526
161.0
-0.39
0.50
-1.59
3.34
-3.18
3.74
Man Made Textiles
2.20573
129.6
-0.23
-0.15
-1.73
0.39
-4.26
-0.54
Wood & Wood Products
0.58744
197.6
0.20
-1.59
3.58
0.30
4.86
0.56
Paper & Paper Products
2.03350
156.4
0.00
0.32
1.18
0.39
2.38
1.10
Leather & Leather Products
0.83509
147.1
0.14
1.10
1.48
0.89
-1.16
1.87
Rubber & Plastic Products
2.98697
148.4
-0.34
-0.07
-1.35
2.13
-2.60
1.44
Chemicals & Chemical Products
12.01770
150.8
-0.33
0.07
-0.53
0.80
-2.02
0.47
Non-Metallic Mineral Products
2.55597
179.9
1.24
-0.17
0.28
0.84
2.28
0.39
Cement & Lime
1.38646
176.7
1.91
-0.39
-0.73
0.57
3.22
0.17
Basic Metals Alloys & Metal Product
10.74785
156.3
-1.43
0.71
-6.18
1.89
-8.00
2.90
Iron & Semis
1.56301
137.8
-2.31
1.70
-9.27
1.10
-13.67
2.00
Machinery & Machine Tools
8.93148
135.4
0.00
0.15
-0.07
0.22
0.15
0.37
Transport Equipment & Parts
5.21282
139.9
0.22
0.00
0.58
0.65
1.62
1.30














Annexure-II








Trend of Rate of Inflation for some important items during last six months








Commodities/Major Groups/Groups/Sub-Groups
Weight (%)
Rate of Inflation for the last six months
Nov-16
Oct-16
Sept-16
Aug-16
July-16
June-16
100.00
3.15
3.39
3.80
3.85
3.72
2.12
PRIMARY ARTICLES
20.12
1.25
3.31
5.36
7.75
9.74
6.58
Food Articles
14.34
1.54
4.34
6.39
8.87
12.60
8.57
Cereals
3.37
7.32
6.13
9.07
9.51
9.19
7.84
Rice
1.79
4.80
4.57
7.10
7.38
6.82
4.89
Wheat
1.12
10.71
6.30
9.97
10.34
9.82
9.82
Pulses
0.72
21.73
21.80
23.99
34.24
38.33
26.64
Vegetables
1.74
-24.10
-9.97
-10.91
0.23
28.45
17.18
Potato
0.20
36.97
60.58
73.60
67.17
62.14
66.14
Onion
0.18
-51.51
-65.97
-70.59
-64.19
-36.29
-28.60
Fruits
2.11
2.45
6.45
14.14
13.91
17.38
6.42
Milk
3.24
4.19
4.19
4.43
4.20
3.76
3.24
Egg, Meat & Fish
2.41
5.82
6.20
7.44
8.75
7.52
6.67
Non-Food Articles
4.26
-0.14
1.13
4.67
8.72
9.53
6.04
Fibres
0.88
14.05
17.61
19.32
25.13
26.34
14.59
Oil Seeds
1.78
-5.05
-3.28
2.25
7.21
5.57
3.16
Minerals
1.52
1.12
-2.00
-3.79
-7.37
-17.56
-11.35
FUEL & POWER
14.91
7.07
6.18
5.64
1.62
-1.00
-2.84
Liquefied petroleum gas
0.91
1.80
0.06
-0.74
-1.85
-1.35
-0.98
Petrol
1.09
5.54
3.57
1.25
-8.65
-10.30
-8.74
High speed diesel
4.67
19.26
19.32
19.08
12.15
6.57
1.13
MANUFACTURED PRODUCTS
64.97
3.20
2.67
2.54
2.48
1.95
1.30
Food Products
9.97
10.73
10.48
11.38
11.93
10.72
8.87
Sugar
1.74
31.76
29.63
32.86
35.36
32.96
26.40
Edible Oils
3.04
3.98
4.59
6.14
6.51
4.92
3.55
Beverages, Tobacco & Tobacco Product
1.76
7.36
7.67
7.67
7.72
6.89
6.80
Cotton Textiles
2.61
3.74
2.82
3.20
2.29
1.97
0.38
Man Made Textiles
2.21
-0.54
-0.61
-1.06
-2.41
-3.30
-3.73
Wood & Wood Products
0.59
0.56
2.40
3.30
3.04
0.20
0.71
Paper & Paper Products
2.03
1.10
0.78
1.10
1.49
1.50
1.70
Leather & Leather Products
0.84
1.87
0.90
0.07
0.55
0.48
0.76
Rubber & Plastic Products
2.99
1.44
1.16
0.61
-0.34
-1.07
-2.27
Chemicals & Chemical Products
12.02
0.47
0.07
-0.07
-0.33
-0.26
-0.33
Non-Metallic Mineral Products
2.56
0.39
1.81
1.64
2.22
2.68
0.74
Cement & Lime
1.39
0.17
2.48
1.95
3.61
4.23
0.92
Basic Metals Alloys & Metal Product
10.75
2.90
0.71
-0.90
-1.49
-2.43
-3.02
Iron & Semis
1.56
2.00
-2.02
-6.26
-6.88
-8.57
-7.41
Machinery & Machine Tools
8.93
0.37
0.22
0.22
0.22
0.15
0.15
Transport Equipment & Parts
5.21
1.30
1.52
1.60
1.60
1.31
1.38


********** 


Recognition of Products under GI Classification
            260 products have been registered as Geographical Indications (GIs) since 2003.

            Geographical Indications are covered as an element of Intellectual Property Rights under the TRIPS Agreement. The Paris Convention for the Protection of Industrial Property does not mention Geographical Indications; however, Appellations of Origin, which are a particular kind of Geographical Indications, are covered under the Paris Convention.

            There is no Geographical Indication registered in the name of Bhut Jolokia green chillies. A list of products from North Eastern States registered as Geographical Indications is enclosed at Annexure -A.

            This information was given by the Commerce and Industry Minister  Smt. Nirmala Sitharaman in a written reply in Rajya Sabha today

 

********
MJPS
ANNEXURE-A

ANNEXURE REFERRED TO IN REPLY TO PART (c) OF THE RAJYA SABHA UNQUESTION NO. 3057 FOR ANSWER ON 14TH DECEMBER, 2016.

 S. No
Geographical Indications
Type of Goods (As per Sec 2 (f) of GI  Act 1999 )
State
1
Muga Silk of Assam
Handicraft
Assam
2
Naga Mircha
Agricultural
Nagaland
3
Assam (Orthodox)
Agricultural
Assam
4
Shaphee Lanphee
Textile
Manipur
5
Wangkhei Phee
Textile
Manipur
6
Moirang Phee
Textile
Manipur
7
Naga Tree Tomato
Agricultural
Nagaland
8
Arunachal Orange
Agricultural
Arunachal Pradesh
9
Sikkim Large Cardamom
Agricultural
Sikkim
10
Mizo Chilli
Agricultural
Mizoram
11
Assam Karbi Anglong Ginger
Agricultural
Assam
12
Tripura Queen Pineapple
Agricultural
Tripura
13
Tezpur Litchi
Agricultural
Assam
14
Khasi Mandarin
Agricultural
Meghalaya
15
Kachai Lemon
Agricultural
Manipur
16
Memong Narang
Agricultural
Meghalaya

*********** 

Temporary Work Visa for IT Professionals
Government of India has taken up the visa as well as social security issues with the United States (US) both bilaterally and in other forums from time to time to address the concerns arising out of the impact of such measures on the domestic industry particularly the Indian Information Technology (IT) industry.
Visa related issues of IT industry have been raised with the US Government at the Ministerial dialogues during the Strategic and Commercial Dialogue in August 2016 and the Trade Policy Forum in October 2016. Also, the matter on US visa fee hike has been raised by India at the World Trade Organisation (WTO), Geneva. India had consultations with the United States on 11-12 May 2016 at the WTO, Geneva under WTO Dispute Settlement Mechanism. India had raised claims on US measures relating to:
i. Fees for L-1 and H-1B visas;
ii. Numerical commitment for H-1B visas.
India is also pursuing for bilateral Totalization Agreement with the US. In the Trade Policy Forum held in October,2016, both the countries acknowledged the ongoing discussions on totalisation and resolved to continue their engagement on the elements required in both countries in order to pursue a bilateral Totalisation Agreement.
During the Trade Policy Forum held in October, 2106, India and the US decided to continue their engagement on visa issues and reiterated their resolve to facilitate the movement of professionals. India would continue the efforts with the new Government of the US under the leadership of their new President Mr. Donald Trump also.
This information was given by the Commerce and Industry Minister Smt. Nirmala Sitharaman in a written reply in Lok Sabha.

******************

Service Export from India scheme
The Government has introduced the Service Exports from India Scheme (SEIS) w.e.f. 01.04.2015 under the Foreign Trade Policy (FTP), 2015-20 replacing the earlier scheme 'Served from India Scheme’ under the FTP, 2009-15. Under SEIS, the service providers of notified services are incentivized in the form of Duty Credit Scrips at the rate of 3 or 5% on their net foreign exchange earnings. These SEIS scrips are transferrable and can also be used for payment of a number of Central duties/taxes including the basic customs duty.
Apart from services, there is also a scheme for incentivizing export of merchandise/goods. The Merchandise Exports from India Scheme (MEIS) in the Foreign Trade Policy (FTP) 2015-20 operating since April 1, 2015 rewards export of merchandise which are produced/manufactured in India through Duty Credit Scrips which are transferable and can be used to pay Central duties/taxes including customs duties.
SEIS and MEIS schemes are designed to make our exports (both services & goods) globally competitive.
This information was given by the Commerce and Industry Minister Smt. Nirmala Sitharaman in a written reply in Lok Sabha.

******
Border Haats
Currently, four border haats are operational, along the India-Bangladesh border. Two border haats are located in Meghalaya at Kalaichar and Balat and two are located in Tripura at Srinagar and Kamalasagar.
The trade at border haats is permitted to be carried out in Indian Rupees/Bangladesh Taka and on barter basis, and data of such trade is maintained by the Haat Management Committee of the respective border haat. As per data furnished by the concerned State Governments, cash trade equivalent to Indian Rupees 1686.62 lakhs was carried out at the said four border haats in the five year period ending 2015-16.
There are no border haats in operation along the Bhutan and Myanmar borders.
In addition to the four functional border haats, Government of India and Government of the People’s Republic of Bangladesh have approved six more border haats-two in Tripura at Palbasti and Kamalpur and four in Meghalaya at Bholaganj, Nalikata, Shibbari and Ryngku.
Government of India has also executed a Memorandum of Understanding (MoU) with Government of the Republic of Union of Myanmar on establishment of border haats along their border.
The border haats aim at promoting the wellbeing of the people dwelling in remote areas across the borders of two countries, by establishing traditional system of marketing the local produce through local markets.
This information was given by the Commerce and Industry Minister Smt. Nirmala Sitharaman in a written reply in Lok Sabha.
*****



Index Numbers of Wholesale Price in India (Base: 2004-05=100) Review for the month of November, 2016 Index Numbers of Wholesale Price in India (Base: 2004-05=100)  Review for the month of November, 2016 Reviewed by Ajit Kumar on 5:59 PM Rating: 5

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