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WPI inflation eases to 3.07% in April on cheaper fuel prices
May-14-2019

Breaking two-month rising trend, India’s Wholesale price index (WPI) inflation eased to 3.07% in the month of April 2019, as compared to 3.18% in March and 3.62% during the corresponding month of the previous year. The inflation softens mainly due to cheaper fuel prices, even as prices of food articles remained high. As per the data of Ministry of Commerce & Industry, WPI for All Commodities (Base: 2011-12=100) for the month of April, 2019 rose by 0.8% to 120.9 (provisional) from 120 (provisional) for the previous month. Build up inflation rate in the financial year so far was 0.75% compared to a build up rate of 0.86% in the corresponding period of the previous year.

Component wise, primary articles index having weight of 22.62% surged 3.3% to 139.2 (provisional) from 134.7 (provisional) for the previous month. Among the primary articles, the index for 'Food Articles' group increased by 3.4% to 150.1 (provisional) from 145.1 (provisional) for the previous month, the index for ' Non-Food Articles' group jumped 2.6% to 126.7 (provisional) from 123.5 (provisional) for the previous month, the index for 'Minerals' group soared 5.3% to 144 (provisional) from 136.7 (provisional) for the previous month and the index for 'Crude Petroleum & Natural Gas' group climbed 2.4% to 89.7 (provisional) from 87.6 (provisional) for the previous month.

Besides, the rate of inflation based on WPI Food Index consisting of ‘Food Articles’ from Primary Articles group and ‘Food Product’ from Manufactured Products group increased from 3.89% in March, 2019 to 4.95% in April, 2019. However, Fuel & Power index, having weight of 13.15%, declined by 0.5% to 102.8 (provisional) from 103.3 (provisional) for the previous month.

Manufactured Products constituting the major portion of the index with weight of 64.23%, remained unchanged at its previous month level of 118.3. Among the items in the group, the index for 'Manufacture of Wood and of Products of Wood and Cork' group dropped 1.5% to 133.6 (provisional) from 135.7 (provisional) for the previous month, the index for 'Manufacture of Paper and Paper Products' group declined by 0.5% to 123.7 (provisional) from 124.3 (provisional) for the previous month, the index for 'Manufacture Of Pharmaceuticals, Medicinal Chemical and Botanical Products' group declined by 1% to 124.4 (provisional) from 125.7 (provisional) for the previous month, the index for 'Manufacture of Basic Metals' group decreased by 0.4% to 110.6 (provisional) from 111 (provisional) for the previous month, the index for 'Manufacture of Computer, Electronic and Optical Products' group fell 0.3% to 111 (provisional) from 111.3 (provisional) for the previous month.

The index for 'Manufacture of Electrical Equipment' group declined by 0.1% to 112 (provisional) from 112.1 (provisional) for the previous month, the index for 'Manufacture of Machinery and Equipment' group slipped 0.2% to 112.1 (provisional) from 112.3 (provisional) for the previous month, the index for 'Manufacture of Motor Vehicles, Trailers And Semi-Trailers' group declined by 0.4% to 113 (provisional) from 113.5 (provisional) for the previous month, the index for 'Manufacture of Furniture' group inched down by 0.1% to 129.3 (provisional) from 129.4 (provisional) for the previous month and the index for 'Other Manufacturing' group was down by 2.1% to 106.4 (provisional) from 108.7 (provisional) for the previous month.

On the other hand, the index for 'Manufacture of Food Products' group rose by 0.2% to 128.7 (provisional) from 128.5 (provisional) for the previous month, the index for 'Manufacture of Beverages' group increased by 0.7% to 122.7 (provisional) from 121.9 (provisional) for the previous month, the index for 'Manufacture of Tobacco Products' group rose by 0.6% to 154.6 (provisional) from 153.7 (provisional) for the previous month, the index for 'Manufacture of Textiles' group surged 0.6% to 119.4 (provisional) from 118.7 (provisional) for the previous month, the index for 'Manufacture of Wearing Apparel' group rose by 0.4% to 138.5 (provisional) from 138 (provisional) for the previous month, the index for 'Manufacture of Leather and Related Products' group inched up by 0.5% to 120.8 (provisional) from 120.2 (provisional) for the previous month.

The index for 'Printing and Reproduction of Recorded Media ' group rose by 1.2% to 147.5 (provisional) from 145.8 (provisional) for the previous month, the index for 'Manufacture of Rubber and Plastics Products' group rose by 0.4% to 110.3 (provisional) from 109.9 (provisional) for the previous month, the index for 'Manufacture Of Other Non-Metallic Mineral Products' group increased by 0.2% to 116.8 (provisional) from 116.6 (provisional) for the previous month, the index for 'Manufacture of Fabricated Metal Products, Except Machinery and Equipment' group rose by 0.9% to 117.2 (provisional) from 116.2 (provisional) for the previous month and the index for 'Manufacture Of Other Transport Equipment' group was up by 0.2% to 113.4 (provisional) from 113.2 (provisional) for the previous month.
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