Official WPI for ‘All Commodities’ (Base: 2011-12=100) for April 2019 rises by 0.8%

Speed Post News Network

New Delhi : The official Wholesale Price Index (WPI) for ‘All Commodities’ (Base: 2011-12=100) for the month of April, 2019, rose by 0.8 percent to 120.9 (provisional) from 120 (provisional) for the previous month.

The annual rate of inflation, based on monthly WPI, stood at 3.07% (provisional) for the month of April, 2019 (over April, 2018) as compared to 3.18% (provisional) for the previous month and 3.62% during the corresponding month of the previous year. Build up inflation rate in the financial year so far was 0.75% compared to a build up rate of 0.86% in the corresponding period of the previous year.

Primary Articles ( weight 22.62%) : The index for this major group rose by 3.3 percent to 139.2 (provisional) from 134.7 (provisional) for the previous month. The index for ‘Food Articles’ group rose by 3.4 percent to 150.1 (provisional) from 145.1 (provisional) for the previous month due to higher price of tea (15%), fruits & vegetables (14%), peas/chawali (6%), maize (5%), poultry chicken (4%), arhar, bajra and pork (3% each), gram and condiments & spices (2% each) and masur, urad, mutton and rajma (1% each). However, the price of egg (6%), betel leaves (4%), barley and wheat (3% each) and beef and buffalo meat (1%) declined.

The index for ‘ Non-Food Articles’ group rose by 2.6 percent to 126.7 (provisional) from 123.5 (provisional) for the previous month due to higher price of floriculture (11%), safflower (kardi seed) (9%), raw cotton (7%), niger seed and castor seed (6% each), gaur seed, soyabean and cotton seed (3% each), groundnut seed and skins (raw) (2% each) and raw silk, linseed, raw rubber and fodder (1% each). However, the price of copra (coconut), raw jute and mesta (3% each), gingelly seed (sesamum) and sunflower (2% each) and rape & mustard seed and coir fibre (1% each) declined.

Fuel & Power ( Weight 13.15%) : The index for this major group declined by 0.5 percent to 102.8 (provisional) from 103.3 (provisional) for the previous month. The index for ‘Mineral Oils’ group rose by 0.4 percent to 95.4 (provisional) from 95 (provisional) for the previous month due to higher price of LPG (5%), naphtha (3%), petrol and kerosene (2% each) and ATF (1%). However, the price of petroleum coke (3%), furnace oil (2%) and HSD (1%) declined, according to a PIB release.

Manufactured Products ( Weight 64.23%) : The index for this major group remained unchanged at its previous month level of 118.3.