The WPI inflation for the month of April 2016 increased to 0.34% in April, 2016 from (-)0.85% in March 2016, (-)0.85 in February 2016, (-)1.07% in January2016, (-)1.06% in December 2015, (-)2.04% in November 2015 and (-)3.7 in October 2015. The increase in WPI inflation in the month of March 2016 is attributed to increase in the prices of potato (35.45), sugar (16.07), pulses (36.36), and vegetables (2.21).
Driven by the increase in the prices of potato, sugar, pulses and vegetables, inflation increased to 0.34% (Y-O-Y) for the month of April 2016 as compared to (-)0.85% (Y-O-Y) for the month of March 2016. The Index for Wholesale Prices for the month of April 2016 rose by 1.4% to 177.0 (provisional) from 174.6 (provisional) for the previous month.
Trend in WPI Inflation (Y-O-Y %)
Source: PHD Research Bureau, compiled from the office of the economic advisor to the Govt. of India
WPI inflation in select commodities
Commodity
|
WPI Inflation Y-o-Y % growth
|
Feb’16
|
March’16
|
April’16
|
1
|
All Commodities
|
-0.91
|
-0.85
|
0.34
|
2
|
Primary Articles
|
1.58
|
2.13
|
2.34
|
3
|
Food Articles
|
3.35
|
3.73
|
4.23
|
4
|
Cereals
|
1.11
|
2.47
|
2.64
|
5
|
Vegetables
|
-3.34
|
-2.26
|
2.21
|
6
|
Non-food Articles
|
5.88
|
8.09
|
7.12
|
7
|
Fuel & Power
|
-6.4
|
-8.3
|
(-)4.83
|
8
|
Petrol
|
-1.03
|
-9.87
|
(-)4.18
|
9
|
Manufactured Products
|
-0.58
|
-0.13
|
0.71
|
10
|
Sugar
|
4.16
|
6.19
|
16.07
|
11
|
Edible oils
|
3.16
|
3.59
|
5.61
|
12
|
Cement & Lime
|
-0.23
|
-1.63
|
0.97
|
Source: PHD Research Bureau, compiled from the office of the Economic Advisor to the Govt. of India
Build up inflation rate in the financial year so far is 1.37% compared to a build up rate of 0.17% in the corresponding period of the previous year.
Build up in inflation from April in select food commodities (%)
Source: PHD Research Bureau, compiled from the office of the Economic Advisor, Govt. of India
Manufacturing inflation stands at 0.71% (weight 64.97%)
The WPI inflation for manufactured products stands at 0.71% for the month of April 2016 as against (-)0.13% for the month of March 2016. The index for this major group rose by 0.8% to 155.0 (provisional) from 153.7 (provisional) for the previous month.
Trend in WPI inflation in manufactured products (in %)
Source: PHD Research Bureau, compiled from the office of the Economic Advisor
Food inflation increases to 4.23% (Weight 14.34%)
Food inflation for the month of April 2016 has increased to 4.23% from 3.73% in March 2016, mainly on account of increase in prices of potato, pulses, sugar and vegetables.
Pattern of food inflation (Y-o-Y %)
Source: PHD Research Bureau, compiled from the office of the Economic Advisor, Govt. of India
Food Article Index since April 2014
Source: PHD Research Bureau, compiled from the office of the Economic Advisor, Govt. of India
The index for Food Articles group rose by 2.0% to 263.8 (provisional) from 258.6 (provisional) for the previous month due to higher price of tea (11%), gram, poultry chicken and fruits & vegetables (7% each), beef & buffalo meat (6%), barley, pork and bajra (4% each), ragi and arhar (3% each), moong, urad, maize and masur (2% each) and jowar (1%).
Non-food articles inflation decreases to 7.12% (weight 4.26%)
The index for Non-Food Articles group rose by 3.0% to 225.6 (provisional) from 219.0 (provisional) for the previous month due to higher price of raw rubber (21%), raw silk (14%), gingelly seed (12%), soyabean (8%), groundnut seed and guar seed (7% each), linseed (6%), castor seed and flowers (4% each), raw cotton (3%), raw jute (2%) and copra (coconut), safflower (kardi seed) and coir fibre (1% each).
Fuel & power inflation declined to (-)4.83% (weight 14.91%)
The index for this major group rose by 1.7% to 175.4 (provisional) from 172.4 (provisional) for the previous month due to higher price of aviation turbine fuel (10%), bitumen (8%), furnace oil and petrol (5% each) and high speed diesel (3%).
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