Annual rate of inflation for September 2018 stands at 5.13%

Speed Post News Network

New Delhi : The official Wholesale Price Index (WPI) for ‘All Commodities’ (Base: 2011-12=100) for the month of September 2018 rose by 0.7 percent to 120.8 (provisional) from 120.0 (provisional) for the previous month. The annual rate of inflation, based on monthly WPI, stood at 5.13% (provisional) for the month of September, 2018 (over September, 2017) as compared to 4.53% (provisional) for the previous month and 3.14% during the corresponding month of the previous year.

Build up inflation rate in the financial year so far was 3.87 % compared to a build up rate of 1.50% in the corresponding period of the previous year, according to a PIB release.

Primary Articles : The index for this major group rose by 0.2 percent to 135.4 (provisional) from 135.1 (provisional) for the previous month. The index for ‘Food Articles’ group declined by 0.2 percent to 144.5 (provisional) from 144.8 (provisional) for the previous month due to lower price of fish-marine (12%), egg and urad (3% each), gram and ragi (2% each) and fruits & vegetables and peas/chawali (1% each).

The index for ‘Non-Food Articles’ group declined by 0.2 percent to 124.8 (provisional) from 125.0 (provisional) for the previous month due to lower price of skins (raw) (5%), hides (raw) and industrial wood (4% each), copra (coconut) and soyabean (3% each), mesta and guar seed (2% each) and raw rubber, raw cotton, groundnut seed and coir fibre (1% each).

Fuel & Power : The index for this major group rose by 2.2 percent to 107.2 (provisional) from 104.9 (provisional) for the previous month. The index for ‘Coal’ group rose by 0.2 percent to 123.2 (provisional) from 123.0 (provisional) for the previous month due to higher price of coking coal (1%).

The index for ‘Mineral Oils’ group rose by 3.7 percent to 101.9 (provisional) from 98.3 (provisional) for the previous month due to higher price of lube oils (11%), naphtha (5%), HSD and petrol (4% each), LPG (3%), furnace oil, bitumen and kerosene (2% each) and ATF (1%).  However, the price of petroleum coke (2%) declined.

Manufactured Products : The index for this major group rose by 0.6 percent to 118.5 (provisional) from 117.8 (provisional) for the previous month.

The index for ‘Manufacture of Computer, Electronic and Optical Products’ group rose by 0.7 percent to 113.0 (provisional) from 112.2 (provisional) for the previous month due to higher price of meter (non-electrical) (5%), sunglasses (2%) and capacitors, telephone sets including mobile hand sets, watch and electronic printed circuit board (PCB)/micro circuit (1% each).  However, the price of microscope (8%) and electro-diagnostic apparatus used in medical, surgical, dental or veterinary sciences (2%) declined.