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WPI eased to 2.6% in September

DAINIK NATION BUREAU

The annual wholesale price inflation reached to 2.60 percent in September from the provisional  3.24 percent in previous month, dragged down by smaller increases in food prices, data released on Monday. Build up inflation rate in the financial year so far was 0.97 percent to a build up rate of 3.44 percent in the corresponding period of the previous year.

Inflation for important commodities / commodity groups is indicated in Annex-1 and Annex-II.

The movement of the index for the various commodity groups is summarized below:-The index for this major group declined by 3 percent to 130.8 (provisional) from 134.9 (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 6 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.

 

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