WPI inflation dips to 3.85% in April 2017

WPI inflation eases from 5.29% in March 2017

The Wholesale Price Index (Base: 2011-12=100) inflation dipped to 3.85% in April 2017 as compared to 5.29% (provisional) for the previous month and (-) 1.09% during the corresponding month of the previous year.

The index for primary articles group rose by 0.4% in April 2017 over March 2017. Within the primary articles group, the 'food articles' group index rose by 0.6% due to higher price of beef and buffalo meat (11%), tea (11%), peas/chawali (8%), moong (5%), fruits & vegetables, poultry chicken and pork (2% each) and masur, arhar, bajra, gram and milk (1% each). However, the price of barley (8%), betel leaves (7%), egg (6%), ragi (2%) and wheat, urad and condiments & spices (1% each) declined.

The index for 'non-food articles' group declined by 0.3% due to lower price of raw jute (10%), rape & mustard seed (4%), raw rubber and floriculture (3% each), raw cotton and sunflower (2% each) and cotton seed (1%). However, the prices of castor seed (9%), copra (coconut) (5%), guar seed (4%), raw silk, groundnut seed and soyabean (2% each) and mesta, safflower (Kardi Seed), fodder and gingelly seed (1% each) moved up.

The index for fuel and power major group declined by 1.9% in April 2017 over March 2017 due to lower price of naphtha and furnace oil (7% each), aviation turbine fuel (ATF) (5%), petrol (4%), high speed diesel (HSD) and bitumen (3% each), kerosene (2%) and LPG (1%). However, the prices of coking coal (1%) and petroleum coke (3%) moved up.

The index for manufactured products group remained unchanged at its previous month level in April 2017. Within the group, the 'Manufacture of Food Products' group declined by 0.1% due to lower prices of molasses, soyabean oil, spices (including mixed spices), maida, gram powder (besan) and sunflower oil (1% each). However, the price of salt (2%) and mustard oil, powder milk, basmati rice, gur, bagasse and castor oil (1% each) moved up.

The index for 'Manufacture of Beverages' group rose by 0.1% due to increase price of bottled mineral water.

The index for 'Manufacture of Tobacco Products' group declined by 0.1% due to lower price of other tobacco products (3%). However, the price of biri and cigarette (2% each) moved up.

The index for 'Manufacture of Textiles' group rose by 0.2% due to higher price of fabric, polyethylene, bed linen/bed spread and cotton dyed/printed textile (1% each). However, the prices of woolen woven cloth, terry towel and carpets and other floor coverings of textiles (1% each) declined.

The index for 'Manufacture of Wearing Apparel' group rose by 0.6% due to higher price of manufacture of wearing apparel (woven), except fur apparel (1%).

The index for 'Manufacture of Leather and Related Products' group rose by 0.2% due to higher price of waterproof footwear and canvas shoes (2% each) and gloves of leather (1%).

The index for 'Manufacture of Wood and Products of Wood and Cork' group rose by 0.3% due to higher price of wooden panel, lamination wooden sheets/veneer sheets (1% each).

The index for 'Printing and Reproduction of Recorded Media' group declined by 0.4% due to lower price of hologram (3D) (17%) and printed form & schedule, printed labels/posters/calendars and newspaper (1% each).

The index for 'Manufacture of Chemicals and Chemical Products' group declined by 0.2% due to lower price of poly propylene (PP) (4%), mono ethyl glycol and oleoresin (3% each), insecticide and pesticide and phthalic anhydride (2% each) and polyester film (metalized), explosive, safety matches (match box), poly vinyl chloride (PVC), liquid air & other gaseous products, sodium silicate, plasticizer, ethylene oxide, organic solvent and catalysts (1% each). However, the price of XLPE Compound, adhesive tape (non-medicinal) and hydrogen peroxide (2% each) and ammonia gas, ammonium phosphate, camphor, sulphuric acid, powder coating material, acrylic fibre, agro chemical formulation, paint and shampoo (1% each) moved up.

The index for 'Manufacture of Pharmaceuticals, Medicinal Chemical and Botanical Products' group rose by 0.1% due to higher price of ayurvedic medicaments and digestive enzymes and antacids (1% each), However, the price of Antipyretic, analgesic, anti-inflammatory formulations(1%) declined.

The index for 'Manufacture of other Non-Metallic Mineral Products' group rose by 0.1% due to higher price of porcelain crockery (1%). However, the price of marble slab (2%) declined.

The index for 'Manufacture of Basic Metals' group rose by 0.1% due to higher price of aluminium powder (2%) and MS bright bars, stainless steel bars & rods, including flats, aluminium castings, lead ingots, bars, blocks plates and MS castings (1% each). However, the price of brass metal/sheet/coils, copper metal/copper rings and copper shapes-bars/rods/plates/strips (1% each) declined.

The index for 'Manufacture of Fabricated Metal Products, Except Machinery and Equipment' group declined by 0.6% due to lower of electrical stamping- laminated or otherwise (8%), stainless steel razor (2%) and steel drums and barrels, steel container and steel door (1% each). However, the price of jigs & fixture (1%) moved up.

The index for 'Manufacture of Computer, Electronic and Optical Products' group rose by 0.1% due to higher price of microscope (5%) and watch (1%).

The index for 'Manufacture of Electrical Equipment' group rose by 0.1% due to higher price of PVC insulated cable and light fitting accessories (2% each) and aluminium/alloy conductor, air coolers, fluorescent tube, electrical relay/conductor, generator parts, batteries and electric mixers/grinders/food processors (1% each), However, the price of microwave oven and connector/plug/socket/holder-electric (3% each), rubber insulated cables (2%) and electric filament type lamps, ACSR conductors and insulating & flexible wire (1% each) declined.

The index for 'Manufacture of Machinery and Equipment' group rose by 0.1% due to higher price of pressure vessel and tank for fermentation & other food processing (3%) and evaporator, soil preparation & cultivation machinery (other than tractors), sugar machinery, chillers and pharmaceutical machinery (1% each). However, the price of solar power system (solar panel & attachable equipment) (3%) and filtration equipment, hydraulic pump and threshers (1% each) declined.

The index for 'Manufacture of Other Transport Equipment' group declined by 1.6% due to lower price of motor cycles (3%).

The index for 'Manufacture of Furniture' group rose by 0.2% due to marginally increase in the price of plastic fixtures.

Powered by Capital Market - Live News