WPI for ‘All Commodities’ for May, 2019, rose by 0.2 percent to 121.2 (provisional)

Speed Post News Network

New Delhi : The official Wholesale Price Index (WPI) for ‘All Commodities’ (Base: 2011-12=100) for the month of May, 2019, rose by 0.2 percent to 121.2 (provisional) from 120.9 (provisional) for the previous month.

Inflation : The annual rate of inflation, based on monthly WPI, stood at 2.45% (provisional) for the month of May, 2019 (over May,2018) as compared to 3.07% (provisional) for the previous month and 4.78% during the corresponding month of the previous year. Build up inflation rate in the financial year so far was 1.08% compared to a build up rate of 1.72% in the corresponding period of the previous year.

Primary Articles (Weight 22.62%) : The index for this major group rose by 0.2 percent to 139.5 (provisional) from 139.2 (provisional) for the previous month. The groups and items which showed variations during the month are as follows : The index for ‘Food Articles’ group remained unchanged at its previous month level of 150.1. The items, which showed decrease during the month, are : betel leaves (5%), fruits & vegetables (2%) and tea and wheat (1% each). The items, which showed increase during the month, are : fish-marine (7% each), arhar (5%), urad, peas/chawali and bajra (4% each), egg (3% each), masur and moong (2% each) and gram, barley, ragi and fish-inland  (1% each).

The index for ‘ Non-Food Articles’ group rose by 0.9 percent to 127.8 (provisional) from 126.7 (provisional) for the previous month due to higher price of floriculture and safflower (kardi seed) (6% each), raw rubber, hides (raw) and groundnut seed (4% each), linseed (3%) and  raw jute, mesta, fodder, cotton seed, sunflower, raw silk and rape & mustard seed (1% each). However, the price of copra (coconut) (3%), skins (raw), soyabean and coir fibre (2% each) and gingelly seed (sesamum), niger seed and gaur seed (1% each) declined.

Fuel & Power (Weight 13.15%) : The index for this major group rose by 0.6 percent to 103.4 (provisional) from 102.8 (provisional) for the previous month. The groups and items which showed variations during the month are as follows: The index for ‘Mineral Oils’ group rose by 1 percent to 96.4 (provisional) from 95.4 (provisional) for the previous month due to higher price of naphtha (4%), ATF (3%) and LPG, kerosene, furnace oil and HSD (1% each).

Manufactured Products (Weight 64.23%) : The index for this major group rose by 0.1 percent to 118.4 (provisional) from 118.3 (provisional) for the previous month, according to a PIB release.