The composite ERIL Index of
Cost of Project Inputs was
up by 6.5 per cent annually
in July. The rise in the project
outlay index over the first four
months of the current fiscal
worked out to 1.7 per cent. The
annual price rise for manufactured
products, which technically
sets the pace for project investment,
worked out to 5.6 per cent
during the month. Computed by
Economic Research India Pvt.
Ltd, the ERIL Index measures the
overall project cost escalation in
terms of WPI of material inputs
relevant in project construction
The aggregate wholesale price
index for non-metallic mineral
products rose by 1.6 per cent during
July due to higher prices of
grey cement (3 per cent), glass
bottles and bottle ware (2 per
cent), and bricks and tiles (1 per
cent). However, the prices of marbles
declined by 2 per cent and
lime by 1 per cent.
The composite WPI for machinery
and machine tools escalated
by 0.7 per cent during the month
due to 9 per cent price hike in
hydraulic equipment, 6 per cent
in electric generators, 5 per cent in
electric motors, 2 per cent each in
PVC insulated cable, textile
machinery, machine tools, capacitors
and electric motor starters;
and 1 per cent each in electric
switches, thresher, electrical
wires, chemical plant equipment,
material handling equipment and
plastic machinery. However, the
prices of UPA/stabiliser declined
by 2 per cent and fibre optic cable,
electric switch gears, fluorescent
tubes, ball/roller bearing and electronic
PCB/micro circuit by 1 per
cent each.
The combined WPI of transport,
equipment and parts increased
0.5 per cent due to higher prices of
shafts (all kinds) and railway axle
and wheel (2 per cent each) and
motor vehicles, auto parts and
bicycles (1 per cent each).
Even as the aggregate WPI of
basic metals, alloys and metal
products remained unchanged
over the month, the WPI of aluminium
and alloys was up by 2 per
cent and stainless steel and alloys
by 1.3 per cent while that of sponge
iron was down by 4 per cent
and welded pipes 1.6 per cent.
Untitled Document
ERIL INDEX OF COST OF PROJECT INPUTS: JULY 2012 |
Wholesale Price Index: 2004-05=100 |
|
Index |
YoY Increase (%) |
Increase Since March (%) |
|
|
2012-11 |
2011-10 |
2012 |
2011 |
| Non-metallic Mineral Products |
162.4 |
7.9 |
3.5 |
2.5 |
0.3 |
| Structural Clay Products |
162.1 |
5.0 |
8.8 |
0.3 |
5.0 |
| Cement & Lime |
169.4 |
10.7 |
-0.3 |
3.9 |
-0.5 |
| Basic Metals, Alloys & Metal Products |
166.4 |
9.6 |
10.6 |
1.9 |
2.4 |
| Ferrous Metals |
157.6 |
9.2 |
10.4 |
1.8 |
2.4 |
| Non-Ferrous Metals |
160.1 |
1.8 |
3.1 |
1.2 |
1.4 |
| Machinery & Machine Tools |
127.9 |
3.0 |
3.1 |
1.2 |
0.7 |
| Industrial Machinery |
145.6 |
3.0 |
2.0 |
1.0 |
0.4 |
| Construction Machinery |
135.4 |
2.7 |
0.0 |
2.7 |
0.6 |
| Air Conditioner & Refrigerators |
111.8 |
1.6 |
-1.3 |
1.5 |
0.8 |
| Non-electrical Machinery |
122.9 |
1.9 |
2.3 |
0.1 |
0.3 |
| Electrical Machinery & Batteries |
132.7 |
3.1 |
4.4 |
1.4 |
1.8 |
| Electrical Accessories, Wires & Cables |
142.2 |
3.6 |
4.3 |
1.6 |
0.4 |
| Transport Equipment & Parts |
128.5 |
3.5 |
3.2 |
1.7 |
1.5 |
| Automotives |
127.6 |
3.3 |
2.7 |
1.6 |
1.6 |
| Auto Parts |
129.7 |
4.3 |
4.2 |
2.1 |
0.4 |
| Composite ERIL Index for Project Inputs |
146.3 |
6.5 |
6.3 |
1.7 |
1.6 |
| Overall WPI |
164.8 |
6.9 |
9.4 |
2.4 |
3.1 |