Rate of inflation based on March WPI drops to 5.7 per cent
The rate of inflation based on March WPI stood at 5.70 per cent (provisional) for March 2017 (over March 2016) compared to 6.55 per cent (provisional) for February 2017 and negative 0.45 per cent during the corresponding month of the previous year.
The index for 'Primary Articles' category, which consists of food, non-food and minerals, declined by 0.2 per cent to 257.5 (provisional) from 258.1 (provisional) for the previous month.
The index for ‘Food Articles’ group marginally increased to 267.6 (provisional) from 267.5 (provisional) for the previous month due to higher price of fruits & vegetables and ragi (5% each), bajra (2%) and egg, fish-marine and rice (1% each). However, the price of gram (11%), condiments & spices (7%), arhar (6%), urad (5%), jowar (4%), wheat (4%), barley (3%), masur (2%) and maize and moong (1% each) declined.
The index for ‘Non-Food Articles’ group declined by 1.8 per cent to 230.6 (provisional) from 234.8 (provisional) for the previous month due to lower price of flowers (22%), linseed (8%), rape & mustard seed (7%), raw rubber and fodder (5% each), copra (coconut) (4%), gingelly seed and soyabean (3% each) and sunflower and skins(raw) (2% each). However, the price of guar seed (16%), castor seed (13%), safflower (kardi seed) (11%), groundnut seed (5%), mesta (3%), raw silk and coir fibre (2% each) and raw cotton (1%) moved up.
The index for 'Fuel and Power' category declined by 0.1 per cent to 203.7 (provisional) from 203.8 (provisional) for the previous month due to lower price of bitumen (2%) and furnace oil (1%). However, the price of LPG (2%) and aviation turbine fuel (1%) moved up.
The index for 'Manufactured Products' declined by 0.1 per cent to 158.7 (provisional) from 158.8 (provisional) for the previous month.
For January 2017, the final Wholesale Price Index for ‘All Commodities’ (Base: 2004-05=100) stood at 185.1 as compared to 184.6 (provisional) and annual rate of inflation based on final index stood at 5.53 per cent as compared to 5.25 per cent (provisional), respectively as reported on February 14, 2017.
Image: Wikimedia Commons
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