You are here: Home » News-CM » Economy » News
Business Standard

WPI inflation eases to seven-month low of 2.5% in February 2018

Capital Market 

Core accelerates to 3.9% in February 2018

The Index (WPI)-based inflation, base year 2011-12, eased further down to a seven-month low of 2.5% in February 2018, while exhibiting a decline for the third straight month from 2.8% in January 2018. Among the three major components of the index, the for primary articles dipped sharply, while fuel & power group also eased contributing to the decline in overall in February 2018. However, the for manufactured group moved up in February 2018. Core (manufactured excluding foods products) accelerated to 42-months high of 3.9% in February 2018 from 3.4% in January 2018.

of primary articles dipped to 0.8% in February 2018 from 2.4% in January 2018, while the for fuel items eased to 3.8% in February 2018 from 4.1% in January 2018. However, the for manufactured rose to 3.0% from 2.8%.

As per major commodity group-wise, declined for cereals, vegetables, fruits, fish, chicken, fibres, raw rubber, floriculture, coal, mineral oils, food products, beverages, paper products, pharma products, & plastic products, fabricated metal products, and furniture in February 2018. On the other hand, of pulses, spices, oilseeds, metallic minerals, crude petroleum, non-coking coal, electricity, tobacco products, wearing apparel, leather products, chemical products, other non-metallic mineral products, basic metals, & equipment, and motor vehicles increased in February 2018.

of (and food products) declined to 0.1% in February 2018 from 1.7% in January 2018 level. Meanwhile, of non-(all commodities excluding food items) increased to 3.6% in February 2018 from 3.3% in January 2018.

The contribution of primary articles to the overall of 2.5% stood at 20 basis points (bps) in February 2018, showing decline from 60 bps to 2.8% in January 2018. The contribution of group eased to 42 bps against 44 bps in January 2018, while that of manufactured increased to 193 bps compared with 177 bps in the previous month.

The contribution of (and food products) to dipped to 02 bps to 2.5% in February 2018 compared with 48 bps to 2.8% in January 2018. Meanwhile, the contribution of non-(all commodities excluding food items) rose to 253 bps in February 2018 compared with 231 bps in January 2018.

The stood at 2.9% in April-February FY2018 against 1.4% in April-February FY2017. The primary articles eased to 1.4% in April-February FY2018 from 3.4% in April-February FY2017, while fuel increased to 8.4% from (-) 2.1%. The for manufactured jumped to 2.7% in April-February FY2018 from 1.2% in April-February FY2017.

Powered by Capital Market - Live News

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, March 14 2018. 14:40 IST