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 second of the main groups, Fuel, Power, Light & Lubricants, which has a group weightage of 14.22624%. Fuel, Power, Light & Lubricants are further classified into various sub-groups as shown below.
Fuel, Power, Light & Lubricants
1. Coal Mining
2. Mineral Oils
3. Electricity
Following table shows the sub-groups and individual commodity weightages of the constituents of Fuel, Power, Light & Lubricants.
Group | Sub-Group | Commodity | Weightage | Sub-Group Weightage | Group Weightage |
Fuel, Power, Light& Lubricants | Coal Mining | Coking Coal | 0.24148 | 1.75291 | 14.22624 |
Non-coking Coal | 1.39670 | ||||
Coke | 0.01115 | ||||
Lignite | 0.10358 | ||||
Minerals Oil | LPG | 1.83731 | 6.98963 | ||
Petrol | 0.88815 | ||||
Kerosene | 0.68928 | ||||
Aviation Fuel | 0.16953 | ||||
High Speed Diesel | 2.02034 | ||||
Light Diesel | 0.16015 | ||||
Naphtha | 0.41885 | ||||
Bitumen | 0.14900 | ||||
Furnace Oil | 0.49335 | ||||
Lubricants | 0.16367 | ||||
Electricity | Domestic Use | 0.96026 | 5.4837 | ||
Commercial Use | 0.27690 | ||||
Agriculture | 1.94557 | ||||
Industry | 2.16918 | ||||
Railway | 0.13179 |
In the next part, we will cover Manufactured Products, 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
3 comments:
A very good post ,I like it very much ,hope you will give another post asap
Can you post the 4th part
Nice post regarding the inflation rates.Thanks for sharing Inflation Calculator India
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