WPI for ‘All Commodities’ for September, 2019 declines 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 September, 2019, declined by 0.1% to 121.3 (provisional) from 121.4 (provisional) for the previous month. The annual rate of inflation, based on monthly WPI, stood at 0.33% (provisional) for the month of September, 2019 (over September, 2018) as compared to 1.08% (provisional) for the previous month and 5.22% during the corresponding month of the previous year.

The build up inflation rate in the financial year so far was 1.17% compared to a build up rate of 3.96% in the corresponding period of the previous year, according to a PIB release.

Primary Articles : The index for this major group declined by 0.6% to 143.0 (provisional) from 143.9 (provisional) for the previous month. The index for ‘Food Articles’ group declined by 0.4% from 155.9 (provisional) for the previous month due to lower price of fruits & vegetables and pork (3% each), jowar, bajra and arhar (2% each) and fish-marine, tea and mutton (1% each). However, the price of condiments & spices (4%), betel leaves and peas/chawali (3% each), egg and ragi (2% each) and rajma, wheat, barley, urad, fish-inland, beef and buffalo meat, moong, poultry chicken, paddy and maize (1% each) moved up.

The index for ‘Non-Food Articles’ group declined by 2.5% to 126.7 (provisional) from 129.9 (provisional) for the previous month due to lower price of floriculture (25%), raw rubber (8%), gaur seed and hides (raw) (4% each), skins (raw) and raw cotton (3% each), fodder (2%) and coir fibre and sunflower (1% each). However, the price of raw silk (8%), soyabean (5%), gingelly seed (sesamum) (3%), raw jute (2%) and niger seed, linseed and rape & mustard seed (1% each) moved up.

The index for ‘Crude Petroleum & Natural Gas’ group declined by 1.9% to 86.4 (provisional) from 88.1 (provisional) for the previous month due to lower price of crude petroleum (3%).

Fuel & Power :The index for this major group declined by 0.5% to 100.2 (provisional) from 100.7 (provisional) for the previous month.

Manufactured Products :The index for this major group rose by 0.1% to 117.9 (provisional) from 117.8 (provisional) for the previous month.

The rate of inflation based on WPI Food Index consisting of ‘Food Articles’ from Primary Articles group and ‘Food Product’ from Manufactured Products group increased from 5.75% in August, 2019 to 5.98% in September, 2019.