WPI for ‘All Commodities’ for August, 2019 rose by 0.2%

Speed Post News Network

New Delhi : The official Wholesale Price Index (WPI) for ‘All Commodities’ (Base: 2011-12=100) for the month of August 2019 rose by 0.2% to 121.4 (provisional) from 121.2 (provisional) for the previous month.

The annual rate of inflation, based on monthly WPI for August 2019, remained unchanged at 1.08 compared to July 2019 and 4.62% during the corresponding month of the previous year. Build up inflation rate in the financial year so far was 1.25% compared to a build up rate of 3.27% in the corresponding period of the previous year, according to a PIB release.

Inflation for important commodities / commodity groups is indicated in Annex-1 and Annex-II. The movement of the index for the various commodity group is summarized below: Primary Articles – The index for this major group rose by 1.3 percent to 143.9 (provisional) from 142.1 (provisional) for the previous month.  The index for ‘Food Articles’ group rose by 1.4% to 155.9 (provisional) from 153.7 (provisional) for the previous month due to higher price of betel leaves, condiments & spices and jowar (4% each), ragi, barley, fruits & vegetables and pork (3% each), fish-inland, wheat, arhar, maize and beef and buffalo meat (2% each) and fish-marine, milk, peas/chawali, rajma, paddy and mutton (1% each). However, the price of egg (7%), tea (2%) and poultry chicken and gram (1% each) declined.

The index for ‘ Non-Food Articles’ group rose by 0.9% to 129.9 (provisional) from 128.8 (provisional) for the previous month due to higher price of floriculture (14%), linseed (4%), sunflower and safflower (kardi seed) (3% each), gingelly seed (sesamum), copra (coconut) and groundnut seed (2% each) and mesta, rape & mustard seed and soyabean (1% each). However, the price of hides (raw) and raw rubber (4% each), niger seed (3%), raw cotton (2%) and fodder (1%) declined.

The index for ‘Crude Petroleum & Natural Gas’ group rose by 1.4 percent to 88.1 (provisional) from 86.9 (provisional) for the previous month due to higher price of natural gas (3%) and crude petroleum (1%).

Fuel & Power : The index for this major group rose by 0.1% to 100.7 (provisional) from 100.6 (provisional) for the previous month.

Manufactured Products : The index for this major group declined by 0.3% to 117.8 (provisional) from 118.1 (provisional) for the previous month.