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Review of WPI for December, 2013
Jan 16, 2014

The official Wholesale Price Index for ‘All Commodities’ (Base: 2004-05 = 100) for the month of December, 2013 declined by 1.3 percent to 179.2 (provisional) from 181.5 (provisional) for the previous month.

The annual rate of inflation, based on monthly WPI, stood at 6.16% (provisional) for the month of December, 2013 (over December, 2012) as compared to 7.52% (provisional) for the previous month and 7.31% during the corresponding month of the previous year.

A sharp slide in vegetable prices on the back of better farm supplies helped moderate headline inflation to a five-month low in December. The index for `Food Articles` group declined by 6.4 percent to 240.1 (provisional) from 256.4 (provisional) for the previous month due to lower price of fruits & vegetables, fish-inland, gram, rice and mutton. The index for `Non-Food Articles` group declined by 0.4 percent to 215.8 (provisional) from 216.7  (provisional) for the previous month due to lower price of guar seed, groundnut seed, raw cotton, cotton seed and soyabean and fodder.  However, the price of flowers, castor seed, raw jute and gingelly seed (sesamum)), safflower (kardi seed), tobacco moved up.

The index for  `Minerals` group declined by 3.1 percent to 354.2 (provisional) from 365.7 (provisional) for the previous month due to lower price of barites, iron ore and crude petroleum and phosphorite.


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