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Wholesale Price Index for 'All Commodities' rises by 0.1%, Wholesale inflation rises to 3.1%

Wholesale Price Index for 'All Commodities' rises by 0.1%, Wholesale inflation rises to 3.1%

India Blooms News Service | @indiablooms | 14 Feb 2020, 11:55 am

New Delhi/IBNS: The official Wholesale Price Index for 'All Commodities' for the month of January rose by 0.1 percent to 122.9 from 122.8 for the previous month, government data showed on Friday.

The annual rate of inflation, based on monthly WPI, stood at 3.1%  for the month of January, 2020 (over January, 2019) as compared to 2.59% (provisional) for the previous month and 2.76% during the corresponding month of the previous year.

Build up inflation rate in the financial year so far is 2.50% compared to a buildup rate of 2.49% in the corresponding period of the previous year.

The index for 'Food Articles' group declined by 1 percent to 160.8  from 162.5 for the previous month due to lower price

The index for 'Non-Food Articles' group declined by 1.4% to 132.1 from 134.0 for the previous month.

The index for 'Minerals' group declined by 7.2 % to 142.6 from 153.6 for the previous month due to lower price of manganese ore (20%), copper concentrate (12%), iron ore (5%). However, the price of lead concentrate and limestone (1% each) moved up.

The index for 'Crude Petroleum & Natural Gas' group rose by 2.7 percent to 88.3 (provisional) from 86.0 (provisional) for the previous month due to higher price of crude petroleum (4%).

The index for 'Fuel and Power' rose by 1.4 % to 102.7 from 101.3 for the previous month.

The index for 'Manufactured Products' group rose by 0.4 percent to 118.5 from 118.0 for the previous month.

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 11.05% in December, 2019 to 10.12% in January, 2020.