WPI for ‘All Commodities’ (Base: 2011-12=100) for November 2019 rose by 0.10%

Speed Post News Network

New Delhi : The official Wholesale Price Index (WPI) for ‘All Commodities’ (Base: 2011-12=100) for the month of November, 2019, rose by 0.10% to 122.3 (provisional) from 122.2 (provisional) for the previous month. The annual rate of inflation, based on monthly WPI, stood at 0.58% (provisional) for the month of November,2019 (over November,2018) as compared to 0.16% (provisional) for the previous month and 4.47% during the corresponding month of the previous year.

Build up inflation rate in the financial year so far was 2% compared to a build up rate of 4.56% in the corresponding period of the previous year, according to a PIB release.

Primary Articles : The index for this major group rose by 0.9% to 147.3% (provisional) from 146% (provisional) for the previous month. The index for ‘Food Articles’ group rose by 1.4% to 162.4 (provisional) from 160.2 (provisional) for the previous month due to higher price of Urad (19%), fish-marine (6%), moong (5%), rajma (4%), jowar, egg, condiments & spices, fruits & vegetables and Masur (3% each), wheat, arhar, poultry chicken and Bajra (2% each) and gram, fish-inland and pork (1% each). However, the price of Maize (6%), tea (4%), ragi (3%), and beef and buffalo meat and betel leaves (1% each) declined.

The index for ‘Non-Food Articles’ group rose by 0.6% to 127.0 (provisional) from 126.3 (provisional) for the previous month due to higher price of floriculture (15%), raw rubber and gaur seed (5% each), hides (raw) and raw jute (2% each) and linseed, rape & mustard seed, fodder, gingelly seed (sesamum), safflower (kardi seed), soyabean and niger seed (1% each). However, the price of raw silk (8%), groundnut seed (6%), castor seed and cotton seed (4% each), raw cotton and coir fibre (3% each) and copra (coconut) (1%) declined.

The index for ‘Minerals’ group declined by 2.3% to 154.8 (provisional) from 158.4 (provisional) for the previous month due to lower price of iron ore (8%), manganese ore (7%), limestone (3%) and copper concentrate and chromite (1% each). However, the price of lead concentrate and zinc concentrate (4% each) moved up.

The index for ‘Crude Petroleum & Natural Gas’ group declined by 3.1% to 83.1 (provisional) from 85.8 % (provisional) for the previous month due to lower price of crude petroleum (5%). However, the price of natural gas (1%) moved up.

Manufactured Products : The index for this major group declined by 0.1% to 117.8 (provisional) from 117.9 (provisional) for the previous month. The index for ‘Manufacture of Food Products’ group rose by 0.6% to 135.3 (provisional) from 134.5 (provisional) for the previous month due to higher price of bagasse (5%), coffee powder with chicory (4%), palm oil, molasses, mustard oil, vanaspati and honey (3% each), ice cream, powder milk, wheat bran and spices (including mixed spices) (2% each) and processed tea, sunflower oil, rice bran oil, soyabean oil, cotton seed oil, instant coffee, butter, processing and preserving of fruit and vegetables, gram powder (besan), basmati rice, manufacture of bakery products and sooji (rawa ) (1% each).

However, the price of Gur (6%), manufacture of macaroni, noodles, couscous and similar farinaceous products (4%), other meats, preserved/processed and rice products (2% each) and manufacture of cocoa, chocolate and sugar confectionery, manufacture of starches and starch products, copra oil, manufacture of prepared animal feeds, buffalo meat, fresh/frozen and sugar (1% each) declined.