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India’s WPI inflation eases further for third straight month to 2.02% in June

Jul-15-2019

In a good news for the consumers, India’s Wholesale price index (WPI) inflation eased further for the third straight month in the month of June, driven down by decline in prices of fuel. According to the latest data released by the government, WPI slowed down to 2.02% in June from 2.45% in May and 5.68% during the corresponding month of the previous year. 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.

Component wise, primary articles index having weight of 22.62%, rose by 1.4% to 141.4 (provisional) from 139.5 (provisional) for the previous month. Among the primary articles, the index for 'Food Articles' group rose by 1.1% to 151.7 (provisional) from 150.1 (provisional) for the previous month, the index for ' Non-Food Articles' group rose by 0.7% to 128.7 (provisional) from 127.8 (provisional) for the previous month and the index for 'Minerals' group rose by 14.5% to 158.0 (provisional) from 138.0 (provisional) for the previous month. However, the index for 'Crude Petroleum & Natural Gas' group declined by 0.3% to 92.5 (provisional) from 92.8 (provisional) for the previous month.

Fuel & Power index, having weight of 13.15%, declined by 1.3% to 102.1 (provisional) from 103.4 (provisional) for the previous month, on account of falling prices of mineral oils.

Manufactured Products constituting the major portion of the index with weight of 64.23%, remained unchanged at its previous month level of 118.4. Among these, the index for 'Manufacture of Food Products' group rose by 0.9% to 130.4 (provisional) from 129.2 (provisional) for the previous month, the index for 'Manufacture of Beverages' group rose by 0.7% to 123.3 (provisional) from 122.5 (provisional) for the previous month, the index for 'Manufacture of Tobacco Products' group rose by 2% to 155.1 (provisional) from 152.1 (provisional) for the previous month and the index for 'Manufacture of Wood And of Products of Wood and Cork ' group rose by 0.2% to 134.6 (provisional) from 134.3 (provisional) for the previous month

Further, the index for 'Printing and Reproduction of Recorded Media ' group rose by 0.2% to 148.6 (provisional) from 148.3 (provisional) for the previous month, the index for 'Manufacture of Machinery And Equipment' group rose by 0.4% to 113.1 (provisional) from 112.7 (provisional) for the previous month, the index for 'Manufacture of Motor Vehicles, Trailers And Semi-Trailers' group rose by 0.7% to 114.1 (provisional) from 113.3 (provisional) for the previous month and the index for 'Manufacture of Other Transport Equipment' group rose by 1.8% to 116.9 (provisional) from 114.8 (provisional) for the previous month.

On the flip side, the index for 'Manufacture of Textiles' group declined by 0.3% to 119.3 (provisional) from 119.7 (provisional) for the previous month, the index for 'Manufacture of Wearing Apparel' group declined by 0.4% to 138.7 (provisional) from 139.2 (provisional) for the previous month, the index for 'Manufacture of Leather And Related Products' group declined by 0.4% to 119.2 (provisional) from 119.7 (provisional) for the previous month, the index for 'Manufacture of Paper And Paper Products' group declined by 0.6% to 122.7 (provisional) from 123.5 (provisional) for the previous month, the index for 'Manufacture of Chemicals And Chemical Products' group declined by 0.3% to 119.3 (provisional) from 119.7 (provisional) for the previous month and the index for 'Manufacture of Rubber And Plastics Products' group declined by 0.1% to 109.1 (provisional) from 109.2 (provisional) for the previous month.

Besides, the index for 'Manufacture of Other Non-Metallic Mineral Products' group declined by 0.2% to 118.2 (provisional) from 118.4 (provisional) for the previous month, the index for 'Manufacture of Basic Metals' group declined by 0.9% to 108.7 (provisional) from 109.7 (provisional) for the previous month, the index for 'Manufacture of Fabricated Metal Products, Except Machinery And Equipment' group declined by 0.4% to 116.4 (provisional) from 116.9 (provisional) for the previous month, the index for 'Manufacture of Electrical Equipment' group declined by 0.1% to 111.9 (provisional) from 112 (provisional) for the previous month, the index for 'Manufacture of Furniture' group declined by 0.8% to 128.4 (provisional) from 129.4 (provisional) for the previous month and the index for 'Other Manufacturing' group declined by 0.1% to 106.2 (provisional) from 106.3 (provisional) for the previous month.

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