India’s WPI eases to 2pc in March | 2018-04-17 | daily-sun.com

India’s WPI eases to 2pc in March

    17 April, 2018 12:00 AM printer

NEW DELHI: India’s annual wholesale price inflation slightly eased in March to 2.47 per cent, a nine-month low, owing to a fall in prices of vegetables and other food and beverages, data from Ministry of Commerce & Industry showed on Monday.

“The official Wholesale Price Index (WPI) for ‘All Commodities’ for the month of March, 2018 rose by 0.2 per cent to 116.0 (provisional) from 115.8 (provisional) for the previous month,” the notification said, report Agencies.

The annual rate of inflation, based on monthly WPI, stood at 2.47 per cent (provisional) for the month of March, 2018 (over March, 2017) as compared to 2.48 per cent (provisional) for the previous month and 5.11 per cent during the corresponding month of the previous year.

Inflation in food articles declined by 0.4 per cent to 137.2, from 137.8 for the previous month due to lower price of egg, gram, tea, coffee, poultry chicken and condiments and spices, among others.

However, the price of ragi, jowar, peas, moong, betel leaves, wheat, paddy and pork moved up.

Inflation in non-food articles too declined by 0.3 per cent to 120.2 from 120.6 for the previous month due to lower price of guar seed, niger seed, floriculture, raw cotton, cottonseed, mustard seed, among others.

.

Top