HOME > MARKETS > ECONOMY NEWS
  ECONOMY NEWS
ECONOMY
India’s WPI inflation halts 2-month easing trend; surges to 5.13% in September
Oct-15-2018

Coming in line with rising retail inflation, India’s Wholesale price index (WPI) inflation also halted two-month easing trend in the month of September 2018, on account of increasing prices of fuel. According to the latest data released by the government, WPI surged to 5.13 percent in September from 4.53 percent in August and 3.14 percent during the corresponding month of the previous year. Build up inflation rate in the financial year so far was 3.87 percent compared to a build up rate of 1.50 percent in the corresponding period of the previous year.

Component wise, primary articles index having weight of 22.62 percent, rose by 0.2 percent to 135.4 (provisional) from 135.1 (provisional) for the previous month. Among the primary articles, the index for ‘Minerals’ group soared 9.7 percent to 135.2 (provisional) from 123.2 (provisional) for the previous month and the index for 'Crude Petroleum & Natural Gas' group increased by 1.1 percent to 95.9 (provisional) from 94.9 (provisional) for the previous month. However, the index for ‘Food Articles’ group declined by 0.2 percent to 144.5 (provisional) from 144.8 (provisional) for the previous month and the index for ‘Non-Food Articles’ group fell 0.2 percent to 124.8 (provisional) from 125.0 (provisional) for the previous month.

Fuel & Power index, having weight of 13.15 percent, was up by 2.2 percent to 107.2 (provisional) from 104.9 (provisional) for the previous month, on account of rising coal and mineral oils prices.

Manufactured Products constituting the major portion of the index with weight of 64.23 percent rose by 0.6 percent to 118.5 (provisional) from 117.8 (provisional) for the previous month. Among these, the index for ‘Manufacture of Food Products’ group rose by 0.3 percent to 129.4 (provisional) from 129.0 (provisional) for the previous month, the index for ‘Manufacture of Beverages’ group rose by 0.3 percent to 120.4 (provisional) from 120.0 (provisional) for the previous month, the index for ‘Manufacture of Textiles’ group rose by 1.1 percent to 118.9 (provisional) from 117.6 (provisional) for the previous month, the index for ‘Manufacture of Leather and Related Products’ group rose by 0.4 percent to 123.0 (provisional) from 122.5 (provisional) for the previous month, the index for ‘Manufacture of Wood and of Products of Wood and Cork ‘ group rose by 0.7 percent to 133.7 (provisional) from 132.8 (provisional) for the previous month, the index for ‘Manufacture of Paper and Paper Products’ group rose by 0.4 percent to 123.1 (provisional) from 122.6 (provisional) for the previous month and the index for ‘Printing and Reproduction of Recorded Media ‘ group rose by 0.3 percent to 148.4 (provisional) from 147.9 (provisional) for the previous month.

Besides, the index for ‘Manufacture of Chemicals and Chemical Products’ group rose by 0.6 percent to 119.3 (provisional) from 118.6 (provisional) for the previous month, the index for ‘Manufacture of Rubber and Plastics Products’ group rose by 0.4 percent to 109.6 (provisional) from 109.2 (provisional) for the previous month, the index for ‘Manufacture of Basic Metals’ group rose by 2.0 percent to 113.8 (provisional) from 111.6 (provisional) for the previous month, the index for ‘Manufacture of Computer, Electronic and Optical Products’ group rose by 0.7 percent to 113.0 (provisional) from 112.2 (provisional) for the previous month, the index for ‘Manufacture of Electrical Equipment’ group rose by 0.1 percent to 111.8 (provisional) from 111.7 (provisional) for the previous month, the index for ‘Manufacture of Motor Vehicles, Trailers and Semi-Trailers’ group rose by 0.3 percent to 113.6 (provisional) from 113.3 (provisional) for the previous month, the index for ‘Manufacture of Other Transport Equipment’ group rose by 0.2 percent to 111.4 (provisional) from 111.2 (provisional) for the previous month and the index for ‘Other Manufacturing’ group rose by 0.4 percent to 107.0 (provisional) from 106.6 (provisional) for the previous month.

On the other hand, the index for ‘Manufacture of Tobacco Products’ group declined by 0.3 percent to 149.6 (provisional) from 150.1 (provisional) for the previous month, the index for ‘Manufacture of Wearing Apparel’ group declined by 0.4 percent to 138.6 (provisional) from 139.1 (provisional) for the previous month, the index for ‘Manufacture of Pharmaceuticals, Medicinal Chemical and Botanical Products’ group declined by 0.2 percent to 123.2 (provisional) from 123.5 (provisional) for the previous month, the index for ‘Manufacture of Fabricated Metal Products, Except Machinery and Equipment’ group declined by 0.3 percent to 115.2 (provisional) from 115.5 (provisional) for the previous month and the index for ‘Manufacture of Furniture’ group declined by 0.1 percent to 125.4 (provisional) from 125.5 (provisional) for the previous month, However, the index for ‘Manufacture of Other Non-Metallic Mineral Products’ remained unchanged at 115.9 (provisional).
  RELATED NEWS >>
Most Viewed >>
April 19 , 2024
JPMorgan bullish on Indian stocks, suggests ma
April 19 , 2024
Is it time to take small bets in FMCG stocks?
April 18 , 2024
Mutual fund industry assets grow 35% in FY24
April 19 , 2024
Lok Sabha Elections 2024: How will they impact
EXPLORE
© CITRUS INTERACTIVE
Designed & Developed Accord Fintech Pvt. Ltd.