Thursday, June 26, 2008

Commodities and their weightages in WPI calculation of India, Part II

In case you are reading this post first, this is the second article of a four part series. Please go to the first part and then read on.

From the first part,
India uses 435 commodities for its WPI based inflation calculation. On a broader level, the 435 commodities are grouped into,
1. Primary Articles
2. Fuel, Power, Light & Lubricants
3. Manufactured Products

This post covers the first of the main groups, Primary Articles, which has a group weightage of 22.02525%. Primary Articles are further classified in various sub-groups and sub-sub-groups as shown below.

Primary Articles
  1. Food Articles
    1. Food Grains (Cereals & Pulses)
      1. Cereals
      2. Pulses
    2. Fruits & Vegetables
      1. Vegetables
      2. Fruits
    3. Milk
    4. Eggs, Meat & Fishes
    5. Condiments & Spices
    6. Other Food Articles
  2. Non-Food Articles
    1. Fibers
    2. Oil Seeds
    3. Other Non-Food Articles
  3. Minerals
    1. Metallic Minerals
    2. Other Minerals
Following table shows the sub-group, sub-sub-group and individual commodity weightage of the constituents of Primary Articles.


In the next part, we will cover Fuel, Power, Light & Lubricants, its sub classifications, individual commodities and their weightages. Do visit again.

Series
- Commodities and their weightages in WPI calculation of India, Part I
- Commodities and their weightages in WPI calculation of India, Part II
- Commodities and their weightages in WPI calculation of India, Part III

Resources
- Office of the Economic Adviser, Ministry of Commerce and Industry, Govt. of India

Related Articles
- How is WPI inflation rate calculated in India?
- Inflation rates of India
- Base year and number of commodities used for inflation calculation in India
- The magic of Inflation

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