Speed Post News Network
New Delhi : The office of the Economic Adviser, Department for Promotion of Industry and Internal Trade, has released index numbers of wholesale price in India for the month of May, 2020 (Provisional) and for the month of March 2020 (Final).
Provisional figures of Wholesale Price Index (WPI) are released on 14th of every month (or next working day) with a time lag of two weeks of the reference month and compiled with data received from institutional sources and selected manufacturing units across the country. After 10 weeks, the index is finalised and final figures are released and then frozen thereafter. Due to limited information available for the month of April 2020, the provisional figures of May-2020 are compared with final figures of March, 2020.
The official Wholesale Price Index for ‘All Commodities’ (Base: 2011-12=100) for the month of May, 2020 declined by (-2.24%) to 117.7 (provisional) from 120.4 (Final) for the month of March, 2020.
Inflation : The annual rate of inflation, based on monthly WPI, stood at (-3.21%) (provisional) for the month of May, 2020 (over May, 2019) as compared to 2.79% during the corresponding month of the previous year, according to a PIB release.
Primary Articles: The index for this major group declined by (-0.87%) to 136.2 (provisional) in May 2020 from 137.4 (final) for the month of March, 2020. Prices of Food Articles (0.73%) increased whereas prices of Crude Petroleum & Natural Gas (-23.18%) and Non Food Articles (-1.44%) declined as compared to March 2020.