India's wholesale price inflation eases to 0.33% in September

"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," read the statement issued by the Indian government.

"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," it said.

The index for this major group declined by 0.6% to 143.0 (provisional) from 143.9 (provisional) for the previous month. The groups and items which showed variations during the month are as follows:-

The index for 'Food Articles' group declined by 0.4% to 155.3 (provisional) 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 'Minerals' group rose by 6.6% to 163.6 (provisional) from 153.4 (provisional) for the previous month due to higher price of copper concentrate (14%), lead concentrate (2%) and limestone and zinc concentrate (1% each).

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%).

The index for this major group declined by 0.5% to 100.2 (provisional) from 100.7 (provisional) for the previous month. The groups and items which showed variations during the month are as follows:-

The index for 'Coal' group rose by 0.6% to 124.8 (provisional) from 124.0 (provisional) for the previous month due to higher price of coking coal (2%).

The index for 'Mineral Oils' group declined by 1.1% to 90.5 (provisional) from 91.5 (provisional) for the previous month due to lower price of furnace oil (10%), naphtha (4%), petroleum coke (2%) and bitumen, ATF and petrol (1% each). However, the price of LPG (3%) and kerosene (1%) moved up.

The index for this major group rose by 0.1% to 117.9 (provisional) from 117.8 (provisional) for the previous month. The groups and items which showed variations during the month are as follows:-

The index for 'Manufacture of Food Products' group rose by 0.9% to 133.6 (provisional) from 132.4 (provisional) for the previous month due to higher price of manufacture of macaroni, noodles, couscous and similar farinaceous products and other meats, preserved/processed (5% each), processing and preserving of fish, crustaceans and molluscs and products thereof and copra oil (3% each), coffee powder with chicory, vanaspati, rice bran oil, butter, ghee and manufacture of health supplements (2% each) and manufacture of prepared animal feeds, spices (including mixed spices), palm oil, gur, rice, non-basmati, sugar, sooji (rawa ), wheat bran, rapeseed oil and maida (1% each). However, the price of castor oil (3%), manufacture of cocoa, chocolate and sugar confectionery and chicken/duck, dressed - fresh/frozen (2% each) and manufacture of processed ready to eat food, cotton seed oil, bagasse, groundnut oil , ice cream and gram powder (besan) (1% each) declined.

The index for 'Manufacture of Beverages' group rose by 0.1% to 124.1 (provisional) from 124.0 (provisional) for the previous month due to higher price of country liquor and rectified spirit (2% each). However, the price of bottled mineral water (2%) declined.

The index for 'Manufacture of Tobacco Products' group rose by 0.1% to 154.0 (provisional) from 153.9 (provisional) for the previous month due to higher price of bidi (1%).

The index for 'Manufacture of Textiles' group declined by 0.3% to 117.9 (provisional) from 118.3 (provisional) for the previous month due to lower price of synthetic yarn (2%) and cotton yarn and manufacture of knitted and crocheted fabrics (1% each). However, the price of manufacture of other textiles and manufacture of made-up textile articles, except apparel (1% each) moved up.

The index for 'Manufacture of Wearing Apparel' group rose by 1.9% to 138.9 (provisional) from 136.3 (provisional) for the previous month due to higher price of manufacture of wearing apparel (woven), except fur apparel and manufacture of knitted and crocheted apparel (1% each).

The index for 'Manufacture of Leather and Related Products' group declined by 0.4% to 118.8 (provisional) from 119.3 (provisional) for the previous month due to lower price of belt & other articles of leather (3%), chrome tanned leather (2%) and waterproof footwear (1%). However, the price of canvas shoes (2%) and harness, saddles & other related items and leather shoe (1% each) moved up.

The index for 'Manufacture of Wood and of Products of Wood and Cork ' group declined by 0.1% to 134.0 (provisional) from 134.1 (provisional) for the previous month due to lower price of wooden block - compressed or not, timber/wooden plank, sawn/resawn and plywood block boards (1% each). However, the price of wooden splint (5%) and wooden panel and wooden box/crate (1% each) moved up.

The index for 'Manufacture of Paper and Paper Products' group declined by 0.5% to 120.9 (provisional) from 121.5 (provisional) for the previous month due to lower price of corrugated sheet box (3%), newsprint (2%) and map litho paper, bristle paper board and card board (1% each). However, the price of paper carton/box and corrugated paper board (1% each) moved up.

The index for 'Printing and Reproduction of Recorded Media ' group declined by 1.1% to 149.4 (provisional) from 151.0 (provisional) for the previous month due to lower price of sticker plastic (6%), journal/periodical (5%) and printed form & schedule (1%). However, the price of printed books and newspaper (1% each) moved up.