The Government periodically reviews and revises the base year of the macroeconomicindicators as a regular exercise to capture structural changes in the economy and improve the quality,coverage and representativeness of the indices. In this direction, the base year of All-India WPIhas been revised from 2004-05 to 2011-12 by the Office of Economic Advisor (OEA), Department of Industrial Policy and Promotion, Ministry of Commerce and Industry to align it withthe base year of other macroeconomic indicators like the Gross Domestic Product (GDP) andIndex of Industrial Production (IIP).
The Wholesale Price Index (WPI) series in India has undergone six revisions in 1952-53, 1961-62, 1970-71, 1981-82, 1993-94 and 2004-05 so far. The current series is the seventh revision. Therevision entails shifting the base year to 2011-12 from 2004-05, changing the basket ofcommodities and assigning new weights to the commodities. It has generally been the practice toundertake the revisions on the advice of a Working Group constituted each time. For the newseries with base 2011-12=100, a Working Group was constituted on 19th March 2012 chairedby Late Dr. Saumitra Chaudhuri, Member, erstwhile Planning Commission and comprised most stakeholders. The composition and terms of reference of the Working Group is at Annex 1.
Key Highlights
In the revised series, WPI will continue to constitute three Major Groups namely Primary Articles, Fuel & Power and Manufactured Products. Highlights of the changes introduced inthe new series are summarized below:
• Updated item basket and weighting structure conforming to the structure of economy in2011-12.
• Increase in number of items from 676 to 697. In all 199 new items have been added and146 old items have been dropped.
• The new series is more representative with increase in number of quotations from 5482to 8331, an increase by 2849 quotations (52%).
New Features
• In the new series of WPI, prices used for compilation do not include indirect taxes in order to remove impact of fiscal policy. This is in consonance with internationalpractices and will make the new WPI conceptually closer to ‘Producer Price Index’.
• A new “WPI Food Index” will be compiled to capture the rate of inflation in food items.
• Seasonality of fruits and vegetables has been updated to account for more months as theseare now available for longer duration.
• Item level aggregates for new WPI are compiled using Geometric Mean (GM) followinginternational best practice and as is currently used for compilation of All India CPI.
• A high level Technical Review Committee has been set up for the first time to carry outdynamic review process in order to keep pace with the changing structure of the economy.
New Weighting Structure
The major changes in weights, number of items and quotations between
WPI 2004-05 and WPI 2011-12 are given in the table below:
Major Group
|
Weights
|
No. of Items
|
No. of
Quotations
| |||
2004-05
|
2011-12
|
2004-05
|
2011-12
|
2004-05
|
2011-12
| |
ALL COMMODITIES
|
100.00
|
100.00
|
676
|
697
|
5482
|
8331
|
PRIMARY ARTICLES
|
20.12
|
22.62
|
102
|
117
|
579
|
983
|
FUEL & POWER
|
14.91
|
13.15
|
19
|
16
|
72
|
442
|
MANUFACTUREDPRODUCTS
|
64.97
|
64.23
|
555
|
564
|
4831
|
6906
|
The index basket of the new series has a total of 697 items including 117 items for Primary Articles,16 items for Fuel & Power and 564 items for Manufactured Products.
Primary Articles
In the Primary Articles, new vegetables and fruits such as Radish, Carrot, Cucumber, Bitter Gourd,Mosambi, Pomegranate, Jack Fruit, Pear etc have been added. In the mineral group items like Copper Concentrate, Lead Concentrate and Garnet have been added whereas Copper Ore, Gypsum,Kaolin, Dolomite, Magnesite have been deleted. Natural Gas has been added as a new item.
Fuel and Power
In the Fuel and Power Major Group, the index for non-coking coal will also be available at adisaggregated level based on Gross Calorific Value ( GCV) to cater to the requirements of diverse usergroups:
• Non-Coking Coal G1 to G6 [GCV > 5500 Kcal/kg.]
• Non-Coking Coal G7 to G14 [GCV 3100 Kcal/kg to 5500 Kcal/kg]
• Non-Coking Coal G15 to G17 [GCV < 3100 Kcal/kg.] The item coke has beendropped.
The index for electricity in the new series will be compiled as a single item in comparison to the separate indices according to usage in agriculture, industry, domestic, commercial, and railways in2004-05 series. In the new series, monthly average rate of sale of power of 49 selected generating stations covering Hydro and Thermal sectors is being used to compile the index for electricity.
In the Mineral oil sub-group, Light Diesel Oil has been deleted in view of its decreasing importancewhile Petroleum coke has been added as a new item owing to its growing importance. There have beensome changes in weights of the retained mineral fuels. The number of quotations has been increased significantly to give wider geographical coverage.
Manufactured Products
A major review of manufactured products has been carried out. Accordingly, the number of 2 digitgroups has been increased from 12 to 22 in the new series in keeping with National IndustrialClassification (NIC) 2008. Around
173 new items like Conveyer Belt, Rubber Tread, Steel Cables, Tissue Paper, Wooden Splint, XLPECompound have been added while 135 items like Khandsari, Papad, Video CD-Players, etc., have beendropped.
WPI Food Index
A new “Food Index” is being compiled combining the “Food Articles” under “Primary Articles”and “Food Products” under “Manufactured Products”. Together with the Consumer Food PriceIndex released by Central Statistics Office, this would help monitor the price situation of food itemsbetter.
Technical Review Committee
In order to address important technical issues such as substitution of source of data, change inspecification of products and other data/methodological issues which require continuous review on adynamic basis so that the new WPI series remains relevant till the life of the series, an institutional mechanism has been established for the first time for facilitating seamless substitution of dormantsource, dynamic revision of item list of products and the panel of factories through Technical ReviewCommittee (TRC) chaired by Secretary, Department of Industrial Policy & Promotion. This committee will meet at least once a year for inter-alia recommending methodology for improving the coverage andquality of WPI like identifying new items that need to be included in the item basket and removingthose that have lost its relevance or are no longer being produced. The composition of the TRC is atAnnex 2.
Index numbers and Inflation rate
Based on the monthly price data provided by the source agencies the month- wise indices and inflationrates have been worked out. The monthly indices for the new series with base 2011-12 from April 2012through March 2017 at
the Major Group level are provided at Statement I. The month-wise comparative inflation rates at the Major Group level for the WPI series with base 2011-12 vis-à-vis 2004-05 are provided atStatement II. The annual average inflation rates at the Major Group level for both the series are provided at Statement III.
Linking Factor
In view of the conceptual and methodological difference between the 2004-05 and 2011-12 series,the estimate of linking factor will vary depending on the type of method used. Therefore, users are free tochoose any method as may be considered appropriate by them. However, as in the past, in order to maintain continuity in the time series data on wholesale price index, the linking factor using the arithmeticconversion method for All Commodities and the three major groups of WPI are given in the Table below.
WPI (Base2004-05) for 2011-12
|
Linking Factor
| |
All Commodities
|
156.1
|
1.561
|
Primary articles
|
200.3
|
2.003
|
Fuel & Power
|
169.0
|
1.690
|
Manufactured Products
|
139.5
|
1.395
|
Major conceptual differences between WPI (2004-05) with WPI (2011-12)
Users of the new WPI series (base 2011-12) while comparing with the old series may take note of the following conceptual differences:
a) The item basket has been revised with inclusion of new items and exclusion of old ones.Basket of commodities has been selected afresh in order to capture the structural changes that have occurred in the economy. As such, there may not be one-to-one matchfor all the commodities in the two series.
b) The number of 2 digit groups in Manufactured products has been increased from 12 to 22 inkeeping with NIC- 2008.
c) There has been an increase in number of source agencies in general across all Major Groups. Dormant/closed sources have been removed.
d) Item level prices do not include indirect taxes. Item level indices are compiled using geometricmean (GM) whereas in the 2004-05 series arithmetic mean (AM) was used.
e) The electricity sector is now a single item group that includes data relating to average rate ofsale of power by generating stations to distributors. In contrast, in WPI (Base 2004-05) retaillevel tariffs applicable to different sectors such as agriculture, industry, domestic,commercial and railways were used for compilation of WPI for electricity.
NOTE:
i. This press information is also available at the website of Office of
Economic Adviser at http://eaindustry.nic.in/.
ii. Press Release of the final index for February 2017 with base 2004-05 and provisional index for April 2017 (base 2011-12=100) will be available at the website of Office of EconomicAdviser at http://eaindustry.nic.in/.
iii. Monthly index numbers based on new WPI series from April 2012 onwards are available at thewebsite of Office of Economic Adviser at http://eaindustry.nic.in/.
Annex 1
The Terms of Reference of the Working Group for revision of WPI (Base
2004-05)
1. To select the most appropriate Base Year for the preparation of a new official series of IndexNumbers of Wholesale Price (WPI), Producers Price Index (PPI) and Business Service Price Index(BSPI) in India.
2. To review commodity basket of the current series of WPI, PPI and BSPI and suggest additions/ deletions of commodities in the light of structural changes in the economy witnessed since 2004-05.
3. To evolve a suitable system for allocation weight to the various commodities to be included in theWPI/ PPI/BSPI basket.
4. To decide the computational methodology to be adopted for Monthly WPI/ PPI.
5. To suggest methods for ensuring smooth flow of data and also to look into the possibility of havinga single agency for collecting data for Wholesale Price Index (WPI) and Index of IndustrialProduction (IIP).
6. To suggest any other improvements as may be necessary for enhancing the reliability of the officialseries of WPI/PPI/BSPI.
Annex 2
Composition of the Technical Review Committee
1.
|
Secretary, D/o Industrial Policy and Promotion (DIPP)
|
Chairman
|
2.
|
Secretary, M/o Statistics and Programme Implementation
|
Member
|
3.
|
Chief Economic Adviser, Ministry of Finance
|
Member
|
4.
|
Principal Economic Adviser, DIPP
|
Member
|
5.
|
Economic Adviser, DIPP
|
Member Secretary
|
I. Terms of Reference of the TRC
i. Reviewing periodically the list of products in the item basket of WPI and suggestingmethodology for inclusion of new important items in and exclusion of outdated itemsfrom the existing basket as and when warranted.
ii. Reviewing periodically the panel of factories for compilation of WPI and suggestmethodology for including new representative units that emerged after the roll out of theseries in the existing panel, along with suggesting adjustment of the back series.
iii. The Committee will also consider cases of closed units during the currency of thebase year and recommend the methodology for replacing such units by new ones.
iv. Reviewing periodically the items in the item basket that exhibit extraordinarilyhigh increase/ decline in index during the currency of a fixed base year and proposenormalization methodology.
v. Suggest methodology for adjusting prices of items with frequently changingspecification.
vi. Recommending appropriate methodological intervention to improve coverage, qualityand timeliness of the WPI
vii. The TRC with meet at least once a year.
STATEMENT I:
Monthly indices at All Commodities and Major Group level of new series of
WPI with base 2011-12
Sector
|
All commodities
|
Primary
Articles
|
Fuel and
Power
|
Manufactured
Products
|
Weights
(%)
|
100
|
22.61756
|
13.1519
|
64.23054
|
Apr-12
|
104.7
|
107.1
|
106.3
|
103.5
|
May-12
|
105.3
|
107.5
|
106.7
|
104.2
|
Jun-12
|
105.3
|
107.9
|
105.5
|
104.4
|
Jul-12
|
106.2
|
111.4
|
103.5
|
104.9
|
Aug-12
|
106.9
|
112.7
|
104.8
|
105.3
|
Sep-12
|
107.6
|
112.0
|
108.1
|
105.9
|
Oct-12
|
107.4
|
111.0
|
107.5
|
106.1
|
Nov-12
|
107.3
|
112.2
|
106.7
|
105.6
|
Dec-12
|
107.1
|
111.9
|
107.1
|
105.3
|
Jan-13
|
108.0
|
113.8
|
108.9
|
105.8
|
Feb-13
|
108.4
|
115.2
|
109.8
|
105.8
|
Mar-13
|
108.6
|
114.6
|
109.8
|
106.2
|
Apr-13
|
108.6
|
114.6
|
108.0
|
106.5
|
May-13
|
108.6
|
116.8
|
105.2
|
106.4
|
Jun-13
|
110.1
|
120.5
|
107.9
|
106.8
|
Jul-13
|
111.2
|
121.7
|
112.0
|
107.4
|
Aug-13
|
112.9
|
125.6
|
114.2
|
108.1
|
Sep-13
|
114.3
|
126.0
|
119.2
|
109.1
|
Oct-13
|
114.6
|
128.4
|
117.0
|
109.2
|
Nov-13
|
114.3
|
128.4
|
116.2
|
108.9
|
Dec-13
|
113.4
|
123.3
|
118.3
|
109.0
|
Jan-14
|
113.6
|
121.2
|
119.9
|
109.5
|
Feb-14
|
113.6
|
121.1
|
118.9
|
109.9
|
Mar-14
|
114.3
|
121.4
|
119.3
|
110.7
|
Apr-14
|
114.1
|
121.5
|
116.5
|
111.0
|
May-14
|
114.8
|
124.0
|
116.2
|
111.3
|
Jun-14
|
115.2
|
125.7
|
115.1
|
111.5
|
Jul-14
|
116.7
|
130.1
|
117.1
|
111.8
|
Aug-14
|
117.2
|
131.5
|
116.6
|
112.3
|
Sep-14
|
116.4
|
129.4
|
114.9
|
112.2
|
Sector
|
All commodities
|
Primary
Article
|
Fuel and
Power
|
Manufactured
Products
|
Weights
(%)
|
100
|
22.61756
|
13.1519
|
64.23054
|
Oct-14
|
115.6
|
127.3
|
112.6
|
112.1
|
Nov-14
|
114.1
|
126.5
|
106.6
|
111.3
|
Dec-14
|
112.1
|
123.1
|
101.3
|
110.5
|
Jan-15
|
110.8
|
120.8
|
94.5
|
110.6
|
Feb-15
|
109.6
|
120.7
|
88.5
|
110.1
|
Mar-15
|
109.9
|
120.1
|
92.0
|
110.0
|
Apr-15
|
110.2
|
121.5
|
91.3
|
110.1
|
May-15
|
111.4
|
123.4
|
95.5
|
110.5
|
Jun-15
|
111.8
|
124.9
|
96.4
|
110.3
|
Jul-15
|
111.1
|
124.3
|
93.8
|
109.9
|
Aug-15
|
110.0
|
125.4
|
87.6
|
109.2
|
Sep-15
|
109.9
|
125.9
|
85.7
|
109.2
|
Oct-15
|
110.1
|
126.4
|
85.6
|
109.4
|
Nov-15
|
109.9
|
127.1
|
85.5
|
108.8
|
Dec-15
|
109.4
|
126.7
|
84.8
|
108.4
|
Jan-16
|
108.0
|
124.3
|
79.8
|
108.0
|
Feb-16
|
107.1
|
122.1
|
75.5
|
108.3
|
Mar-16
|
107.7
|
123.0
|
76.5
|
108.8
|
Apr-16
|
109.0
|
126.1
|
78.3
|
109.2
|
May-16
|
110.4
|
128.8
|
81.3
|
109.8
|
Jun-16
|
111.7
|
132.0
|
85.2
|
110.0
|
Jul-16
|
111.8
|
131.8
|
84.7
|
110.3
|
Aug-16
|
111.2
|
131.4
|
81.1
|
110.2
|
Sep-16
|
111.4
|
130.6
|
83.2
|
110.4
|
Oct-16
|
111.5
|
129.1
|
84.6
|
110.8
|
Nov-16
|
111.9
|
128.8
|
87.3
|
111.0
|
Dec-16
|
111.7
|
126.8
|
88.4
|
111.1
|
Jan-17
|
112.6
|
126.7
|
93.1
|
111.6
|
Feb-17
|
113.0
|
127.0
|
94.5
|
111.8
|
Mar-17
|
113.4
|
127.9
|
94.6
|
112.1
|
Apr-17
|
113.2
|
128.4
|
92.8
|
112.1
|
STATEMENTII:
Month-wise comparative Inflation Rates of WPI (%) at Major Group level: Base 2011-12 vis-à-vis 2004-05
A. All Commodities
Baseyear
|
Weights
(%)
|
Apr-12
|
May-12
|
Jun-12
|
Jul-12
|
Aug-12
|
Sep-12
|
Oct-12
|
Nov-12
|
Dec-12
|
Jan-13
|
Feb-13
|
Mar-13
|
2011-12
|
100.00
|
4.7
|
5.3
|
5.3
|
6.2
|
6.9
|
7.6
|
7.4
|
7.3
|
7.1
|
8.0
|
8.4
|
8.6
|
2004-05
|
100.00
|
7.5
|
7.5
|
7.6
|
7.5
|
8.0
|
8.1
|
7.3
|
7.2
|
7.3
|
7.3
|
7.3
|
5.7
|
Baseyear
|
Weights
(%)
|
Apr-13
|
May-13
|
Jun-13
|
Jul-13
|
Aug-13
|
Sep-13
|
Oct-13
|
Nov-13
|
Dec-13
|
Jan-14
|
Feb-14
|
Mar-14
|
2011-12
|
100.00
|
3.7
|
3.1
|
4.6
|
4.7
|
5.6
|
6.2
|
6.7
|
6.5
|
5.9
|
5.2
|
4.8
|
5.2
|
2004-05
|
100.00
|
4.8
|
4.6
|
5.2
|
5.9
|
7.0
|
7.0
|
7.2
|
7.5
|
6.4
|
5.1
|
5.0
|
6.0
|
Baseyear
|
Weights
(%)
|
Apr-14
|
May-14
|
Jun-14
|
Jul-14
|
Aug-14
|
Sep-14
|
Oct-14
|
Nov-14
|
Dec-14
|
Jan-15
|
Feb-15
|
Mar-15
|
2011-12
|
100.00
|
5.1
|
5.7
|
4.6
|
4.9
|
3.8
|
1.8
|
0.9
|
-0.2
|
-1.1
|
-2.5
|
-3.5
|
-3.8
|
2004-05
|
100.00
|
5.5
|
6.2
|
5.7
|
5.4
|
3.9
|
2.4
|
1.7
|
-0.2
|
-0.5
|
-0.9
|
-2.2
|
-2.3
|
Baseyear
|
Weights
(%)
|
Apr-15
|
May-15
|
Jun-15
|
Jul-15
|
Aug-15
|
Sep-15
|
Oct-15
|
Nov-15
|
Dec-15
|
Jan-16
|
Feb-16
|
Mar-16
|
2011-12
|
100.00
|
-3.4
|
-3.0
|
-3.0
|
-4.8
|
-6.1
|
-5.6
|
-4.8
|
-3.7
|
-2.4
|
-2.5
|
-2.3
|
-2.0
|
2004-05
|
100.00
|
-2.4
|
-2.2
|
-2.1
|
-4.0
|
-5.1
|
-4.6
|
-3.7
|
-2.0
|
-1.1
|
-1.1
|
-0.9
|
-0.5
|
Baseyear
|
Weights
(%)
|
Apr-16
|
May-16
|
Jun-16
|
Jul-16
|
Aug-16
|
Sep-16
|
Oct-16
|
Nov-16
|
Dec-16
|
Jan-17
|
Feb-17
|
Mar-17
|
2011-12
|
100.00
|
-1.1
|
-0.9
|
-0.1
|
0.6
|
1.1
|
1.4
|
1.3
|
1.8
|
2.1
|
4.3
|
5.5
|
5.3
|
2004-05
|
100.00
|
0.8
|
1.2
|
2.1
|
3.7
|
3.9
|
3.8
|
3.8
|
3.4
|
3.7
|
5.5
|
6.5
|
5.7
|
B. Primary Articles
Baseyear
|
Weights
(%)
|
Apr-12
|
May-12
|
Jun-12
|
Jul-12
|
Aug-12
|
Sep-12
|
Oct-12
|
Nov-12
|
Dec-12
|
Jan-13
|
Feb-13
|
Mar-13
|
2011-12
|
22.61756
|
7.1
|
7.5
|
7.9
|
11.4
|
12.7
|
12.0
|
11.0
|
12.2
|
11.9
|
13.8
|
15.2
|
14.6
|
2004-05
|
20.11815
|
9.6
|
10.3
|
9.7
|
10.5
|
11.2
|
9.2
|
7.8
|
9.6
|
10.6
|
11.4
|
10.5
|
7.4
|
Baseyear
|
Weights
(%)
|
Apr-13
|
May-13
|
Jun-13
|
Jul-13
|
Aug-13
|
Sep-13
|
Oct-13
|
Nov-13
|
Dec-13
|
Jan-14
|
Feb-14
|
Mar-14
|
2011-12
|
22.61756
|
7.0
|
8.7
|
11.7
|
9.2
|
11.4
|
12.5
|
15.7
|
14.4
|
10.2
|
6.5
|
5.1
|
5.9
|
2004-05
|
20.11815
|
5.1
|
5.7
|
8.8
|
9.7
|
13.6
|
14.0
|
14.6
|
15.3
|
10.8
|
6.8
|
6.3
|
7.3
|
Baseyear
|
Weights
(%)
|
Apr-14
|
May-14
|
Jun-14
|
Jul-14
|
Aug-14
|
Sep-14
|
Oct-14
|
Nov-14
|
Dec-14
|
Jan-15
|
Feb-15
|
Mar-15
|
2011-12
|
22.61756
|
6.0
|
6.2
|
4.3
|
6.9
|
4.7
|
2.7
|
-0.9
|
-1.5
|
-0.2
|
-0.3
|
-0.3
|
-1.1
|
2004-05
|
20.11815
|
7.0
|
8.6
|
7.0
|
6.8
|
3.7
|
2.0
|
0.8
|
-1.6
|
0.3
|
1.4
|
1.0
|
-0.2
|
Baseyear
|
Weights
(%)
|
Apr-15
|
May-15
|
Jun-15
|
Jul-15
|
Aug-15
|
Sep-15
|
Oct-15
|
Nov-15
|
Dec-15
|
Jan-16
|
Feb-16
|
Mar-16
|
2011-12
|
22.61756
|
0.0
|
-0.5
|
-0.6
|
-4.5
|
-4.6
|
-2.7
|
-0.7
|
0.5
|
2.9
|
2.9
|
1.2
|
2.4
|
2004-05
|
20.11815
|
0.5
|
-1.1
|
-0.5
|
-4.0
|
-4.2
|
-2.3
|
0.0
|
2.2
|
4.6
|
4.3
|
2.0
|
3.0
|
Baseyear
|
Weights
(%)
|
Apr-16
|
May-16
|
Jun-16
|
Jul-16
|
Aug-16
|
Sep-16
|
Oct-16
|
Nov-16
|
Dec-16
|
Jan-17
|
Feb-17
|
Mar-17
|
2011-12
|
22.61756
|
3.8
|
4.4
|
5.7
|
6.0
|
4.8
|
3.7
|
2.1
|
1.3
|
0.1
|
1.9
|
4.0
|
4.0
|
2004-05
|
20.11815
|
3.4
|
5.5
|
6.6
|
9.7
|
7.8
|
5.4
|
4.2
|
2.0
|
0.9
|
2.3
|
5.0
|
4.6
|
C. Fuel & Power
Baseyear
|
Weights
(%)
|
Apr-12
|
May-12
|
Jun-12
|
Jul-12
|
Aug-12
|
Sep-12
|
Oct-12
|
Nov-12
|
Dec-12
|
Jan-13
|
Feb-13
|
Mar-13
|
2011-12
|
13.15190
|
6.3
|
6.7
|
5.5
|
3.5
|
4.8
|
8.1
|
7.5
|
6.7
|
7.1
|
8.9
|
9.8
|
9.8
|
2004-05
|
14.91021
|
12.1
|
11.5
|
12.1
|
8.4
|
8.7
|
12.0
|
11.6
|
10.0
|
10.2
|
9.3
|
10.6
|
7.8
|
Baseyear
|
Weights
(%)
|
Apr-13
|
May-13
|
Jun-13
|
Jul-13
|
Aug-13
|
Sep-13
|
Oct-13
|
Nov-13
|
Dec-13
|
Jan-14
|
Feb-14
|
Mar-14
|
2011-12
|
13.15190
|
1.6
|
-1.4
|
2.3
|
8.2
|
9.0
|
10.3
|
8.8
|
8.9
|
10.5
|
10.1
|
8.3
|
8.7
|
2004-05
|
14.91021
|
8.3
|
7.3
|
7.5
|
11.4
|
12.7
|
11.7
|
10.5
|
11.1
|
10.9
|
9.8
|
8.7
|
11.8
|
Baseyear
|
Weights
(%)
|
Apr-14
|
May-14
|
Jun-14
|
Jul-14
|
Aug-14
|
Sep-14
|
Oct-14
|
Nov-14
|
Dec-14
|
Jan-15
|
Feb-15
|
Mar-15
|
2011-12
|
13.15190
|
7.9
|
10.5
|
6.7
|
4.6
|
2.1
|
-3.6
|
-3.8
|
-8.3
|
-14.4
|
-21.2
|
-25.6
|
-22.9
|
2004-05
|
14.91021
|
9.3
|
10.5
|
9.0
|
7.4
|
4.5
|
1.3
|
0.5
|
-4.5
|
-7.8
|
-11.0
|
-14.8
|
-12.2
|
Baseyear
|
Weights
(%)
|
Apr-15
|
May-15
|
Jun-15
|
Jul-15
|
Aug-15
|
Sep-15
|
Oct-15
|
Nov-15
|
Dec-15
|
Jan-16
|
Feb-16
|
Mar-16
|
2011-12
|
13.15190
|
-21.6
|
-17.8
|
-16.2
|
-19.9
|
-24.9
|
-25.4
|
-24.0
|
-19.8
|
-16.3
|
-15.6
|
-14.7
|
-16.8
|
2004-05
|
14.91021
|
-13.0
|
-9.4
|
-8.9
|
-11.6
|
-16.2
|
-17.7
|
-16.3
|
-11.0
|
-9.1
|
-9.9
|
-7.1
|
-8.3
|
Baseyear
|
Weights
(%)
|
Apr-16
|
May-16
|
Jun-16
|
Jul-16
|
Aug-16
|
Sep-16
|
Oct-16
|
Nov-16
|
Dec-16
|
Jan-17
|
Feb-17
|
Mar-17
|
2011-12
|
13.15190
|
-14.2
|
-14.9
|
-11.6
|
-9.7
|
-7.4
|
-2.9
|
-1.2
|
2.1
|
4.2
|
16.7
|
25.2
|
23.7
|
2004-05
|
14.91021
|
-4.8
|
-5.8
|
-2.8
|
-1.0
|
1.6
|
5.6
|
6.2
|
7.1
|
8.7
|
18.1
|
21.0
|
18.2
|
D. Manufactured Products
Baseyear
|
Weights
(%)
|
Apr-12
|
May-12
|
Jun-12
|
Jul-12
|
Aug-12
|
Sep-12
|
Oct-12
|
Nov-12
|
Dec-12
|
Jan-13
|
Feb-13
|
Mar-13
|
2011-12
|
64.23054
|
3.5
|
4.2
|
4.4
|
4.9
|
5.3
|
5.9
|
6.1
|
5.6
|
5.3
|
5.8
|
5.8
|
6.2
|
2004-05
|
64.97164
|
5.3
|
5.2
|
5.4
|
5.9
|
6.4
|
6.5
|
5.9
|
5.4
|
5.0
|
4.9
|
4.8
|
4.3
|
Baseyear
|
Weights
(%)
|
Apr-13
|
May-13
|
Jun-13
|
Jul-13
|
Aug-13
|
Sep-13
|
Oct-13
|
Nov-13
|
Dec-13
|
Jan-14
|
Feb-14
|
Mar-14
|
2011-12
|
64.23054
|
2.9
|
2.1
|
2.3
|
2.4
|
2.7
|
3.0
|
2.9
|
3.1
|
3.5
|
3.5
|
3.9
|
4.2
|
2004-05
|
64.97164
|
3.7
|
3.3
|
2.9
|
2.6
|
2.3
|
2.4
|
2.8
|
2.9
|
3.0
|
3.0
|
3.4
|
3.7
|
Baseyear
|
Weights
(%)
|
Apr-14
|
May-14
|
Jun-14
|
Jul-14
|
Aug-14
|
Sep-14
|
Oct-14
|
Nov-14
|
Dec-14
|
Jan-15
|
Feb-15
|
Mar-15
|
2011-12
|
64.23054
|
4.2
|
4.6
|
4.4
|
4.1
|
3.9
|
2.8
|
2.7
|
2.2
|
1.4
|
1.0
|
0.2
|
-0.6
|
2004-05
|
64.97164
|
3.7
|
3.9
|
3.9
|
4.1
|
3.7
|
3.0
|
2.5
|
1.9
|
1.4
|
1.0
|
0.3
|
-0.2
|
Baseyear
|
Weights
(%)
|
Apr-15
|
May-15
|
Jun-15
|
Jul-15
|
Aug-15
|
Sep-15
|
Oct-15
|
Nov-15
|
Dec-15
|
Jan-16
|
Feb-16
|
Mar-16
|
2011-12
|
64.23054
|
-0.8
|
-0.7
|
-1.1
|
-1.7
|
-2.8
|
-2.7
|
-2.4
|
-2.2
|
-1.9
|
-2.4
|
-1.6
|
-1.1
|
2004-05
|
64.97164
|
-0.5
|
-0.5
|
-0.8
|
-1.5
|
-2.0
|
-1.7
|
-1.7
|
-1.4
|
-1.5
|
-1.2
|
-0.5
|
0.1
|
Baseyear
|
Weights
(%)
|
Apr-16
|
May-16
|
Jun-16
|
Jul-16
|
Aug-16
|
Sep-16
|
Oct-16
|
Nov-16
|
Dec-16
|
Jan-17
|
Feb-17
|
Mar-17
|
2011-12
|
64.23054
|
-0.8
|
-0.6
|
-0.3
|
0.4
|
0.9
|
1.1
|
1.3
|
2.0
|
2.5
|
3.3
|
3.2
|
3.0
|
2004-05
|
64.97164
|
1.0
|
1.2
|
1.3
|
2.0
|
2.5
|
2.5
|
2.9
|
3.1
|
3.8
|
4.0
|
3.7
|
3.0
|
STATEMENT III:
Annual Average Inflation Rates of WPI (%) at Major Group level: Base 2011-12 vis-à-vis 2004-05
Major Groups
|
Base year
|
Weights (%)
|
2012-13
|
2013-14
|
2014-15
|
2015-16
|
2016-17
|
All commodities
|
2011-12
|
100
|
6.9
|
5.2
|
1.2
|
-3.7
|
1.7
|
2004-05
|
100
|
7.4
|
6
|
2
|
-2.5
|
3.7
| |
I Primary Articles
|
2011-12
|
22.6176
|
11.4
|
9.9
|
2.2
|
-0.4
|
3.5
|
2004-05
|
20.1182
|
9.8
|
9.8
|
3
|
0.3
|
4.7
| |
II Fuel & Power
|
2011-12
|
13.1519
|
7.1
|
7.1
|
-6.1
|
-19.7
|
-0.1
|
2004-05
|
14.9102
|
10.4
|
10.1
|
-0.9
|
-11.6
|
5.6
| |
III Manufactured
Products
|
2011-12
|
64.2305
|
5.3
|
3
|
2.5
|
-1.8
|
1.4
|
2004-05
|
64.9716
|
5.4
|
3
|
2.4
|
-1.1
|
2.6
| |
Courtesy: pib.nic.in
No comments:
Post a Comment