The index for primary articles declined by 3 percent
GN Bureau | October 16, 2017
The annual rate of inflation, based on monthly Wholesale Price Index (WPI), stood at 2.60% (provisional) for the month of September, 2017 (over September,2016) as compared to 3.24% (provisional) for the previous month and 1.36% during the corresponding month of the previous year, authorities said.
The Wholesale Price Index for ‘All Commodities’ for the month of September, 2017 declined by 0.4 percent to 114.3 from 114.8 (provisional) for the previous month.
The index for primary articles declined by 3 percent to 130.8 (provisional) from 134.9 (provisional) for the previous month. The index for 'Food Articles' group declined by 4 percent to 144.8 (provisional) from 150.8 (provisional) for the previous month due to lower price of fruits & vegetables (15%), betel leaves (6%), ragi (4%), bajra (3%), pork, maize and tea (2% each) and poultry chicken (1%). However, the price of gram (10%), arhar (3%), masur, urad and fish-inland (2% each) and jowar, egg, barley, condiments & spices and peas/chawali (1% each) moved up.
The index for 'Non-Food Articles' group declined by 0.2 percent to 120.3 (provisional) from 120.6 (provisional) for the previous month due to lower price of floriculture (10%), groundnut seed (5%), raw cotton (3%) and linseed (1%). However, the price of copra (coconut) (12%), raw silk (10%), sunflower and guar seed (4% each), raw jute, gingelly seed and raw rubber (3% each), raw wool and soyabean (2% each) and castor seed, skins (raw), rape & mustard seed, mesta, coir fibre and safflower (kardi seed) (1% each) moved up.
The index for 'Minerals' group rose by 1.1 percent to 119.5 (provisional) from 118.2 (provisional) for the previous month due to higher price of copper concentrate (6%), manganese ore (2%) and limestone (1%). However, the price of chromite (24%), iron ore (4%), zinc concentrate and phosphorite (2% each) and lead concentrate (1%) declined.
The index for fuel and power group rose by 1.7 percent to 90.7 (provisional) from 89.2 (provisional) for the previous month.
The index for 'Mineral Oils' group rose by 3.3 percent to 79.1 (provisional) from 76.6 (provisional) for the previous month due to higher price of LPG (10%), naphtha (8%), ATF (5%), petrol (3%), furnace oil, kerosene and HSD (2% each) and bitumen (1%). However, the price of petroleum coke (1%) declined.
The index for manufactured products rose by 0.4 percent to 113.4 (provisional) from 112.9 (provisional) for the previous month.
The index for 'Manufacture of Food Products' group rose by 0.7 percent to 128.2 (provisional) from 127.3 (provisional) for the previous month due to higher price of copra oil (7%), processing & preserving of fish, crustaceans & molluscs & products thereof and gram powder (besan) (4% each), basmati rice (3%), salt, bagasse, rice bran oil, manufacture of health supplements, processed tea, powder milk, gur and ghee (2% each) and rice, non-basmati, castor oil, ice cream, soyabean oil, butter, palm oil, cotton seed oil, maida, sunflower oil, vanaspati and rice products (1% each). However, the price of other meats, preserved/processed and honey (5% each), molasses and chicken/duck, dressed - fresh/frozen (4% each), groundnut oil (3%), buffalo meat, fresh/frozen and manufacture of cocoa, chocolate & sugar confectionery (2% each) and instant coffee, manufacture of prepared animal feeds, processing & preserving of fruit & vegetables, wheat bran, mustard oil, manufacture of macaroni, noodles, couscous & similar farinaceous products (1% each) declined.
The index for 'Manufacture of Beverages' group rose by 0.8 percent to 120.1 (provisional) from 119.1 (provisional) for the previous month due to higher price of bottled mineral water and aerated drinks/soft drinks (incl. soft drink concentrates) (2% each) and country liquor, beer and wine (1% each).
Basking in the success of the new web series, ‘Scam 1992: The Harshad Mehta Story ’,on SonyLIV, the OTT platform from Sony stable where the lead actors are new faces, NP Singh, MD and CEO of Sony Pictures Networks, has said that the script is the new hero. He credited the s
India’s trend of steadily decreasing active cases continues unabated. The number of Active Cases has remained below 10% of the total cases for the last three days, suggesting only one in 10 cases is active Covid-19 patient. The active cases comprise merely 9.29% of the total positive c
The union cabinet chaired by prime minister Narendra Modi on Wednesday gave its approval to pay productivity linked bonus (PLB) for 2019-20 to 16.97 lakh non-gazetted employees of commercial establishments like Railways, Posts, Defence, EPFO, and ESIC, with a financial implication of Rs.2,791 crore.
India has leaped across several significant milestones in its fight against Covid-19. The new confirmed cases in the 24 hours to Tuesday morning have fallen below 50,000 (46,790, to be precise) for the first time in nearly three months. The last time the number of new cases was close to this level was on J
Legendary film star and politician Shatrughan Sinha has said that friendship in Bollywood is limited to onscreen, and there is no unity and some news channels are taking advantage of this situation. “Groups within the industry or their supporters may sometimes come together for some c
In India, only 2.40 million out of an estimated 2.64 million cases of tuberculosis were reported to the government, that is, 2,40,000 TB patients went unreported, in 2019, according to the WHO Global Tuberculosis Report 2020. The reporting of TB cases, however, has significantly increased ov