8/12/2019 Wholesale Price Index Share of Commodities

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GOVERNMENT OF INDIAMINISTRY OF COMMERCE & INDUSTRY

DEPARTMENT OF INDUSTRIAL POLICY & PROMOTION

LOK SABHA

UNSTARRED QUESTION NO.4437.TO BE ANSWERED ON MONDAY, THE 22ND APRIL, 2013.

WHOLESALE PRICE INDEX

4437. SHRI GORAKH PRASAD JAISWAL:SHRI YASHBANT N.S. LAGURI:

Will the Minister of COMMERCE & INDUSTRYbe pleased to state:

hV + =tM j(a ) the details of rate of inflation based on Wholesale Price Index (WPI) during the last year

and the current year;(b) the criteria and process laid down for estimating the rate of inflation on the WPI;

(c) whether the said rate of inflation based on the WPI does not reflect properly theinflation prevailing in the country; and

(d) if so, the reaction of the Government thereto along with the corrective steps taken in thisregard?

ANSWER

hV + =tM j +xxn )THE MINISTER OF COMMERCE & INDUSTRY

(SHRI ANAND SHARMA)

(a): The details of rate of inflation based on WPI (Base 2004-05)for all commodities, andMajor Groups/ Sub Groups for 2011-12 and 2012-13 are at Annexure.

(b): The inflation rate based on WPI for a month is calculated with reference to thecorresponding month of previous year.

(c): WPI measures the average price movement over time for a fixed basket of goods.WPIis a weighted average of relative prices.The current series of WPI, with base 2004-05=100 consists of 676 items, classified into three major groups, viz. Primary Article

(102 items), Fuel & Power (19 items) and Manufactured Products (555 items).Inflationcomputed on the basis of WPI captures price movements in a most comprehensiveway.

(d): In view of reply to (c) above, does not arise.

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8/12/2019 Wholesale Price Index Share of Commodities

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ANNEXURE

THE ANNEXURE REFERRED TO IN REPLY TO PART (A) OF THE LOK SABHAUNSTARRED QUESTION NO. 4437 FOR ANSWER ON 22.4.2013 REGARDINGWHOLESALE PRICE INDEX

COMMODITIES Weight 2011-12 2012-13*

ALL COMMODITIES 100.00 8.94 7.35

I PRIMARY ARTICLES 20.12 9.80 9.76

(A) FOOD ARTICLES 14.34 7.30 9.86

(B) NON-FOOD ARTICLES 4.26 9.64 10.44

(C) MINERALS 1.52 26.60 8.13

II FUEL & POWER 14.91 13.96 10.53

A. COAL 2.09 15.53 10.11

B. MINERAL OILS 9.36 16.86 10.08

C. ELECTRICITY 3.45 1.64 12.87

III MANUFACTURED PRODUCTS 64.97 7.26 5.37

(A) FOOD PRODUCTS 9.97 7.12 8.04

(B) BEVERAGES, TOBACCO & TOBACCO PRODUCTS 1.76 11.68 7.23

(C ) TEXTILES 7.33 7.46 2.16

(D) WOOD & WOOD PRODUCTS 0.59 8.10 6.15

(E) PAPER & PAPER PRODUCTS 2.03 5.38 3.46

(F) LEATHER & LEATHER PRODUCTS 0.84 2.32 3.16

(G) RUBBER & PLASTIC PRODUCTS 2.99 5.98 2.91

(H) CHEMICALS & CHEMICAL PRODUCTS 12.02 8.61 6.54

(I ) NON-METALLIC MINERAL PRODUCTS 2.56 5.74 6.78

(J) BASIC METALS, ALLOYS & METAL PRODUCTS 10.75 11.06 6.26

(K) MACHINERY & MACHINE TOOLS 8.93 3.11 2.63

(L) TRANSPORT, EQUIPMENT & PARTS 5.21 3.52 4.18

* Figures for February 2013 and March 2013 are provisional

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