WPI for all commodities for Jan 2018 rises by 0.1%

Speed Post News Network

New Delhi : The official Wholesale Price Index (WPI) for ‘All Commodities’ (Base: 2011-12=100) for the month of January, 2018, rose by 0.1 % to 115.8 (provisional) from 115.7 (provisional) for the previous month.

The annual rate of inflation, based on monthly WPI, stood at 2.84% (provisional) for the month of January, 2018, (over January, 2017) compared to 3.58% (provisional) for the previous month and 4.26% during the corresponding month of the previous year. Build up inflation rate in the financial year so far was 2.30% compared to a build up rate of 4.55% in the corresponding period of the previous year, according to a PIB release.

The index for ‘Food Articles’ group declined by 2.4 % to 140.6 (provisional) from 144.1 (provisional) for the previous month due to lower price of gram and fruits & vegetables (10% each), urad and ragi (5% each), masur, rajma and jowar (3% each), bajra (2%) and maize, barley, poultry chicken and peas/chawali (1% each).  However, the price of betel leaves (4%), fish-inland, egg, condiments & spices and arhar (2% each) and moong, paddy, fish-marine, sugarcane and wheat (1% each) moved up.

The index for ‘Non-Food Articles’ group rose by 1.4 % to 120.7 (provisional) from 119.0 (provisional) for the previous month due to higher price of raw wool (15%), guar seed (10%), soyabean (9%), raw silk and hides (raw) (6% each), safflower (kardi seed) (4%), raw jute, gingelly seed, raw cotton and copra (coconut) (3% each) and coir fibre (1%). However, the price of castor seed and mesta (5% each), raw rubber and floriculture (3% each) and linseed, niger seed and cotton seed (1% each) declined.

The index for ‘Minerals’ group declined by 0.3 % to 121.9 (provisional) from 122.3 (provisional) for the previous month due to lower price of manganese ore (15%) and chromite (7%).  However, the price of sillimanite (10%), iron ore (3%), lead concentrate and zinc concentrate (2% each) and phosphorite (1%) moved up.

The index for ‘Crude Petroleum & Natural Gas’ group rose by 0.3 % to 78.3 (provisional) from 78.1 (provisional) for the previous month due to higher price of crude petroleum (1%).  However, the price of natural gas (1%) declined. The index for the Manufactured Products  rose by 0.6 % to 114.7 (provisional) from 114.0 (provisional) for the previous month.

The index for ‘Manufacture of Food Products’ group declined by 0.5 % to 126.8 (provisional) from 127.4 (provisional) for the previous month.