WPI inflation at 3.1% in January

The rate of inflation based on WPI Food Index consisting of ‘Food Articles’ from Primary Articles group and ‘Food Product’ from Manufactured Products group decreased from 11.05% in December, 2019 to 10.12% in January, 2020.

Feb 14, 2020 06:02 IST India Infoline News Service

Pulses
The official Wholesale Price Index for 'All Commodities' (Base: 2011-12=100) for January 2020 rose by 0.1% to 122.9 (provisional) from 122.8 (provisional) for the previous month. The annual rate of inflation, based on monthly WPI, stood at 3.1% (provisional) for January 2020 (over January 2019) as compared to 2.59% (provisional) for the previous month and 2.76% during the corresponding month of the previous year. Build up inflation rate in the financial year so far is 2.50% compared to a buildup rate of 2.49% in the corresponding period of the previous year.

The rate of inflation based on WPI Food Index consisting of ‘Food Articles’ from Primary Articles group and ‘Food Product’ from Manufactured Products group decreased from 11.05% in December 2019 to 10.12% in January 2020.

Primary Articles (Weight 22.62%) 
The index for this major group declined by 1.1% to 147.2 (provisional) from 148.8 (provisional) for the previous month.

The index for 'Food Articles' group declined by 1% to 160.8 (provisional) from 162.5 (provisional) for the previous month due to lower price of fruits & vegetables and tea (7% each), arhar (2%), beef and buffalo meat, pork and gram (1% each). However, the price of betel leaves (9%), fish-marine (7%), bajra (4%), masur and peas/chawali (3% each), urad, maize, barley, egg, wheat, poultry chicken and condiments & spices (2% each), fish-inland, moong, mutton and milk (1% each) moved up.

The index for ' Non-Food Articles' group declined by 1.4% to 132.1 (provisional) from 134.0 (provisional) for the previous month due to lower price of floriculture (19%), castor seed and skins (raw) (1% each). However, the price of soyabean (5%), linseed (3%), safflower (kardi seed), raw rubber, rape & mustard seed, raw jute, gaur seed, raw silk, mesta and gingelly seed (sesamum) (2% each), coir fibre, groundnut seed, niger seed and hides (raw) (1% each) moved up.

The index for 'Minerals' group declined by 7.2% to 142.6 (provisional) from 153.6 (provisional) for the previous month due to lower price of manganese ore (20%), copper concentrate (12%), iron ore (5%). However, the price of lead concentrate and limestone (1% each) moved up.

The index for 'Crude Petroleum & Natural Gas' group rose by 2.7% to 88.3 (provisional) from 86.0 (provisional) for the previous month due to higher price of crude petroleum (4%).

Fuel & Power (Weight 13.15%)
The index for this major group rose by 1.4% to 102.7 (provisional) from 101.3 (provisional) for the previous month.

The index for 'Mineral Oils' group rose by 2.5% to 93.5 (provisional) from 91.2 (provisional) for the previous month due to higher price of furnace oil (23%), naphtha, ATF and LPG (3% each), HSD (2%), kerosene (1%).

Manufactured Products (Weight 64.23%) 
The index for this major group rose by 0.4% to 118.5 (provisional) from 118 (provisional) for the previous month.

The index for 'Manufacture of Other Transport Equipment' group rose by 0.3% to 118.7 (provisional) from 118.4 (provisional) for the previous month due to higher price of scooters (1%). However, the price of bicycles of all types (2%) declined. 

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