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       Wholesale inflation eases to 2.48% in Feb'18
 
         Posted on :18:10:28 Mar 14, 2018
   
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       Last edited on:18:10:28 Mar 14, 2018
         Tags: Wholesale inflation eases, 2.48%, Feb'18
 

NEW DELHI: The annual rate of inflation, based on monthly Wholesale Price Index (WPI) stood at 2.48 per cent (provisional) for the month of February 2018 as compared to 2.84 per cent (provisional) for the previous month, and 5.51 per cent during the corresponding month of the previous year.

As per data released by the Ministry of Commerce and Industry on Wednesday, the official WPI for 'All Commodities' for the month of February, 2018 remained unchanged at its previous month level of 115.8 (Provisional).

Build up inflation rate in the financial year so far was 2.30 per cent compared to 4.92 per cent in the corresponding period of the previous year, the ministry said.

The index for 'Food Articles' group declined by 2.0 per cent to 137.8 (provisional) from 140.6 (provisional) for the previous month due to lower price of fruits and vegetables (9 percent), gram, tea and masur (4 per cent each), rajma and bajra (3 per cent each), and wheat (1 per cent). However, the price of betel leaves (13 per cent), ragi (3 per cent) and arhar, maize, poultry chicken and paddy (1 per cent each) moved up.

The index for 'Non-Food Articles' group declined by 0.1 percent to 120.6 (provisional) from 120.7 (provisional) for the previous month due to lower price of floriculture (15 per cent), niger seed (5 per cent), raw cotton and linseed (3 per cent each), raw rubber and skins (raw) (2 per cent each) and cotton seed, and copra (coconut) (1 per cent each). However, the price of soyabean (11 per cent), mesta (8 per cent), raw jute (5 per cent), guar seed (4 per cent), raw wool and fodder (2 per cent each) moved up.

The index for 'Crude Petroleum and Natural Gas' group rose by 2.9 per cent to 80.6 (provisional) from 78.3 (provisional) for the previous month due to higher price of crude petroleum (3 per cent) and natural gas (2 per cent).

The index for 'Coal' group rose by 1.2 per cent to 122.6 (provisional) from 121.1 (provisional) for the previous month due to higher price of non-coking coal (2 per cent).

The index for 'Mineral Oils' group rose by 1.8 per cent to 89.8 (provisional) from 88.2 (provisional) for the previous month due to higher price of ATF (7 per cent), kerosene and lube oils (4 per cent each), furnace oil (3 per cent), HSD and petrol (two per cent each) and petroleum coke (1 per cent). However, the price of bitumen and naphtha (two per cent each) declined.

The index for 'Manufacture of Tobacco Products' group rose by 0.9 per cent to 152.7 (provisional) from 151.3 (provisional) for the previous month due to higher price of cigarette (two per cent) and biri (one per cent).

The index for 'Manufacture of Textiles' group rose by 0.6 per cent to 113.7 (provisional) from 113.0 (provisional) for the previous month due to higher price of weaving and finishing of textiles, cotton yarn, synthetic yarn and manufacture of made-up textile articles, except apparel (one per cent each). However, the price of manufacture of other textiles (one per cent) declined.

The index for 'Manufacture of Machinery and Equipment' group rose by 1.5 per cent to 109.7 (provisional) from 108.1 (provisional) for the previous month due to higher price of agricultural tractors (16 per cent), pressure vessel and tank for fermentation and other food processing (10 per cent), roller mill (raymond) (nine per cent), hydraulic pump, industrial valve, roller and ball bearings, and injection pump (one per cent each).

However, the price of cranes (12 per cent), solar power system (solar panel and attachable equipment) (6 per cent), open end spinning machinery and filtration equipment (4 per cent each), chemical equipment and system, excavator and packing machine (two per cent each) and drilling machine, and pharmaceutical machinery (one per cent each) declined.

The index for 'Manufacture of Motor Vehicles, Trailers and Semi-Trailers' group rose by 0.4 per cent to 111.1 (provisional) from 110.7 (provisional) for the previous month due to higher price of brake pad/brake liner/brake block/brake rubber, others (5 per cent), engine (2 per cent) and seat for motor vehicles, piston ring/piston and compressor, head lamp and body (for commercial motor vehicles) (1 per cent each).

However, the price of cylinder liners (2 per cent) and wheels/wheels and parts, chassis of different vehicle types, silencer and damper and shafts of all kinds (one per cent each) declined.

Meanwhile, 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 1.65 per cent in January, 2018 to 0.07 per cent in February, 2018.

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