Speed Post News Network
New Delhi : The official Wholesale Price Index (WPI) for ‘All Commodities’ (Base: 2011-12=100) for the month of April, 2018, rose by 0.7 percent to 116.8 (provisional) from 116.0 (provisional) for the previous month.
The annual rate of inflation, based on monthly WPI, stood at 3.18% (provisional) for the month of April, 2018, (over April, 2017) compared to 2.47% (provisional) for the previous month and 3.85% during the corresponding month of the previous year. Build up inflation rate in the financial year so far was 0.69% compared to a build up rate of 0.00% in the corresponding period of the previous year, according to a PIB release.
Primary Articles : The index for this major group rose by 1.4 percent to 129.2 (provisional) from 127.4 (provisional) for the previous month. The index for ‘Food Articles’ group rose by 1.9 percent to 139.8 (provisional) from 137.2 (provisional) for the previous month due to higher price of tea (18%), peas/chawali (13%), fruits & vegetables (8%), fish-marine (4%) and pork, paddy and maize (1% each). However, the price of egg (4%), ragi and gram (3% each), moong, betel leaves and poultry chicken (2% each) and urad, barley, beef & buffalo meat, rajma, arhar, fish-inland and condiments & spices (1% each) declined.
The index for ‘Crude Petroleum & Natural Gas’ group rose by 2.4 percent to 82.1 (provisional) from 80.2 (provisional) for the previous month due to higher price of natural gas (4%) and crude petroleum (2%).