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WPI inflation flat at eight-month low of 2.5% in March 2018

Capital Market 

rises to 2.9% in April-March FY2018 against 1.7% in April-March FY2017

The Index (WPI)-based inflation, base year 2011-12, was steady at eight-month low of 2.5% in March 2018, after declining for last three straight months. Among the three major components of the index, the for primary articles dipped sharply, while for manufactured group was flat in March 2018. However, the inflation for fuel & power group has moved up in March 2018. (manufactured excluding foods products) declined to 3-month low of 3.6% in March 2018 from 42-months high of 3.9% in February 2018.

Inflation of primary articles dipped to 0.2% in March 2018 from 0.8% in February 2018, while the inflation for manufactured was flat at 3.0% in March 2018. However, the inflation for fuel items rose to 4.7% in March 2018 from 3.8% in February 2018.

As per major commodity group-wise, inflation declined for vegetables, milk, egg, fibres, metallic minerals, coal, mineral oil, tobacco products, textiles, wearing apparel, leather products, chemical products, cement, basic metals, fabricated metal products, motor vehicles, other and gold ornament. On the other hand, inflation of cereals, pulses, fruits, spices, oilseeds, fodder, floriculture, crude petroleum, electricity, food products, and furniture increased in March 2018.

Inflation of (and food products) declined to (-) 0.1% in March 2018 from 0.1% in February 2018 level. Meanwhile, inflation of non-(all commodities excluding food items) was flat at 3.6% in March 2018.

The contribution of primary articles to the overall inflation of 2.5% was negative at 05 basis points (bps) in March 2018, showing dip from positive contribution of 16 bps to 2.5% in February 2018. The contribution of group rose to 51 bps against 42 bps in February 2018, while that of manufactured products was flat at 193 bps in March 2018.

The contribution of (and food products) to inflation turned negative at (-) 02 bps to 2.5% in March 2018 compared with positive 2 bps to 2.5% in February 2018. Meanwhile, the contribution of (all commodities excluding food items) notched up 254 bps in March 2018.

The inflation stood at 2.9% in April-March FY2018 against 1.7% in April-March FY2017. The primary articles inflation eased to 1.3% in April-March FY2018 from 3.4% in April-March FY2017, while fuel products inflation increased to 8.1% from (-) 0.3%. The inflation for manufactured products jumped to 2.7% in April-March FY2018 from 1.3% in April-March FY2017.

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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, April 16 2018. 20:40 IST
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