The project cost escalation, as
measured by the ERIL Index
of Cost of Project Inputs,
declined for the second month in
July, after a sustained rise in the
previous four months. The composite
ERIL index worked out to
6.3% higher annually, with the
increase in the first four months of
the current fiscal placed at 4%.
Among the material inputs, the
cost, as measured by wholesale
price index, of non-metallic mineral
products declined by 1.6% in
July due to lower prices of cement
(2%). However, the prices of
ceramic tiles (4%) moved up.
The WPI of basic metals alloys
and metal products declined by
0.2% due to lower prices of MS
bars and rounds (7%), other iron
steel (6%), steel sheets, plates and
strips (2%), and pipes and tubes,
foundry pig iron, zinc and basic
pig iron (1% each). However, the
prices of lead ingots and zinc
ingots (2% each) moved up.
The WPI of machinery and
machine tools rose by 0.5% due
to higher prices of telephone
instruments (16%), ring spinning
and doubling frames (10%),
textile machinery parts (5%),
carding machine (4%), rubber
insulated cables (3%), other textile
machinery, other cables,
tractor components and accessories,
valves (all types) (2%
each), and components and
accessories of switchgears, PVC
insulated cables, cranes, electric
motors, complete engines and
power driven pumps (1% each).
However, the prices of material
handling equipment (6%), enameled
copper wires (3%), electrical
generators (2%), and other pumps
(1%) declined.
The WPI of transport equipment
and parts rose by 0.2% due to higher
prices of truck chassis (diesel)
and motorcycles (1% each).
Untitled Document
ERIL Index of Cost of Project Inputs: July 2010 |
Wholesale Price Index: 1993-94=100 |
|
Weight |
Index |
YoY
Increase (%) |
Increase Since
March (%) |
|
(%) |
|
2010/09 |
2009/08 |
2010 |
2009 |
Non-metallic mineral products |
2.516 |
215.8 |
-4.8 |
5.2 |
-3.1 |
3.8 |
Structural clay products |
0.230 |
226.6 |
-0.3 |
3.6 |
0.7 |
1.4 |
Cement |
1.731 |
211.5 |
-8.4 |
4.0 |
-4.9 |
2.4 |
Basic metals, alloys, metal products |
8.342 |
285.1 |
11.9 |
-15.2 |
8.6 |
-0.7 |
Iron and steel |
3.637 |
343.3 |
19.8 |
-21.0 |
14.2 |
-0.7 |
Non-ferrous metals |
1.466 |
235.7 |
1.1 |
-8.3 |
-0.9 |
1.3 |
Machinery & machine tools |
8.363 |
179.5 |
4.2 |
-2.2 |
0.9 |
-0.1 |
Electrical machinery |
4.985 |
151.8 |
3.9 |
-4.6 |
0.3 |
-0.8 |
Non-electrical machinery |
3.379 |
220.3 |
4.5 |
0.4 |
1.3 |
0.7 |
Transport equipment & parts |
4.295 |
179.9 |
2.3 |
0.6 |
2.4 |
0.3 |
Composite ERIL Index for project inputs |
23.516 |
220.9 |
6.2 |
-7.2 |
3.9 |
0.1 |
Overall WPI |
100.000 |
262.5 |
10.0 |
12.3 |
3.6 |
4.6 |