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Wholesale Price Inflation Drops Near 2 Year low

Capital Market 

The official Wholesale Price Index (WPI) for 'All Commodities (Base: 2011-12=100) for the month of June, 2019 rose by 0.2% to 121.5 (provisional) from 121.2 (provisional) for the previous month. The annual rate of inflation, based on monthly WPI, stood at 2.02% (provisional) for the month of June,2019 (over June,2018) as compared to 2.45% (provisional) for the previous month and 5.68% during the corresponding month of the previous year. Inflation eased for second month and currently stands near two year low. Build up inflation rate in the financial year so far was 1.33% compared to a buildup rate of 2.41% in the corresponding period of the previous year.

The index for Primary Articles group rose by 1.4% to 141.4 (provisional) from 139.5 (provisional) for the previous month. The index for Fuel and Power group declined by 1.3% to 102.1 (provisional) from 103.4 (provisional) for the previous month. The index for Manufactured Products remained unchanged at its previous month level of 118.4.

The rate of inflation based on WPI Food Index consisting of 'Food Articles' from Primary Articles group and 'Food Product' from Manufactured Products group decreased from 5.10% in May, 2019 to 5.04% in June, 2019.

For the month of April, 2019, the final Wholesale Price Index for 'All Commodities' (Base: 2011-12=100) stood at 121.1 as compared to 120.9 (provisional) and annual rate of inflation based on final index stood at 3.24% as compared to 3.07% (provisional) respectively as reported on 14.05.2019.

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

First Published: Mon, July 15 2019. 13:42 IST