WPI for Mar 2018 rises 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 March 2018 rose by 0.2 % to 116.0 (provisional) from 115.8 (provisional) for the previous month.

The annual rate of inflation, based on monthly WPI, stood at 2.47% (provisional) for the month of March 2018 (over March, 2017)  compared to 2.48% (provisional) for the previous month and 5.11% during the corresponding month of the previous year. The build up inflation rate in the financial year so far was 2.47% compared to a build up rate of 5.11% in the corresponding period of the previous year, according to a PIB release.

The index for ‘Food Articles’ group declined by 0.4 % to 137.2 (provisional) from 137.8 (provisional) for the previous month due to lower price of egg (5%), gram, tea, coffee, poultry chicken and condiments & spices (3% each), rajma (2%) and fish-inland, masur, bajra, fruits & vegetables and beef and buffalo meat (1% each).  However, the price of ragi (3%), jowar and fish-marine (2% each) and peas/chawali, moong, betel leaves, wheat, paddy and pork (1% each) moved up.