Wholesale price index inflation down

The index for primary articles declined by 3 percent

GN Bureau | October 16, 2017


#Inflation   #Wholesale Price Index  
(Illustration: Ashish Asthana)
(Illustration: Ashish Asthana)

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).

Comments

 

Other News

On a personal note: Javed Jaffrey

After his much-appreciated debut in Meri Jung in 1985, Javed Jaffrey inspired a new generation of dancers. He then turned from dance to comedy. The versatile actor constantly changes his styles and his live, film, TV and radio appearances always promise novelty and surprise. In 2014 he joined the Aam A

Allegations against CJI: Inquiry will strengthen the independence of the judiciary

Yes, we must stand rock solid with the judiciary and the judges. We must protect the independence of the judiciary too. What does this mean in the present context of a very serious charge of sexual harassment levelled by a former employee of the court against the CJI?  We are told that there is a larg

“Managing data is challenging”

The Centre for Railway Information Systems (CRIS) is a society set up by the railways ministry in July 1986 to provide IT related services to the Indian Railways. CRIS deals in a gamut of functions, like passenger ticketing, freight operations, train dispatching and control, crew management, e-procurement,

A boost to those who need it most

What are 600 million people? Almost twice the population of the US. What are 500 million people? About three-fourth of the population of Europe. Why are we talking about these numbers? Well, because as per a study by Sandhya Krishnan and Neeraj Hatekar (‘Rise of New Middle Class in India and Its

Expanding Eureka!

Abright yellow van with figures of children playing with a whirligig, a Newton’s cradle, a magnetic compass rolls into the Government Higher Primary School in Kittaganahalli, on the outskirts of Bengaluru. Students in the playground leave what they are doing and mill about it in excitement. For they

The spark in the classroom

Not many children dream of starting an idyllic school of their own when they grow up. But Ramji Raghavan, founder of the Agastya International Foundation – which fosters the creative learning of science in stude



Current Issue

Current Issue

Video

CM Nitish’s convoy attacked in Buxar

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter