Wednesday, July 2, 2008

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

In case you are reading this post first, this is the third article of a four part series. Please go to the first part, second 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 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:

lubricants additives said...

A very good post ,I like it very much ,hope you will give another post asap

Anonymous said...

Can you post the 4th part

Vinod Kumar said...

Nice post regarding the inflation rates.Thanks for sharing Inflation Calculator India