India's Nov WPI inflation rate at 3.93% vs 3.59% in Oct
India's wholesale inflation rose to 3.93% in November up from 3.59% in
October. Build up inflation rate in the financial year so far was 2.74%
compared to a buildup rate of 3.90% in the corresponding period of the
previous year.
The rate of inflation based on WPI Food Index consisting of ‘Food Articles’ from Primary Articles group and ‘Food Product’ from Manufactured Products group increased from 3.23% in October, 2017 to 4.10% in November, 2017. Primary Articles:
The index for this major group rose by 1.6% to 135.6 (provisional) from 133.4 (provisional) for the previous month.
The groups and items which showed variations during the month are as follows:
The index for ‘Food Articles’ group rose by 1.8% to 150.6 (provisional) from 148 (provisional) for the previous month due to higher price of betel leaves (12%), egg (11%), fruits & vegetables (7%) and fish-marine, beef & buffalo meat, pork, condiments & spices and wheat (1% each). However, the price of ragi and gram (7% each), maize and jowar (4% each), urad and rajma (3% each), arhar, peas/chawali, masur, bajra and moong (2% each) and poultry chicken and barley (1% each) declined.
The index for ‘Non-Food Articles’ group declined by 1.9% to 116.9 (provisional) from 119.2 (provisional) for the previous month due to lower price of tanning materials (35%), fodder (10%), raw rubber, raw silk and raw jute (4% each), skins (raw), castor seed and soyabean (3% each), mesta and coir fibre (2% each) and safflower (kardi seed), guar seed and hides (raw) (1% each). However, the price of copra (coconut) (3%), raw wool, floriculture, cotton seed and gingelly seed (2% each) and rape & mustard seed and raw cotton (1% each) moved up.
The rate of inflation based on WPI Food Index consisting of ‘Food Articles’ from Primary Articles group and ‘Food Product’ from Manufactured Products group increased from 3.23% in October, 2017 to 4.10% in November, 2017. Primary Articles:
The index for this major group rose by 1.6% to 135.6 (provisional) from 133.4 (provisional) for the previous month.
The groups and items which showed variations during the month are as follows:
The index for ‘Food Articles’ group rose by 1.8% to 150.6 (provisional) from 148 (provisional) for the previous month due to higher price of betel leaves (12%), egg (11%), fruits & vegetables (7%) and fish-marine, beef & buffalo meat, pork, condiments & spices and wheat (1% each). However, the price of ragi and gram (7% each), maize and jowar (4% each), urad and rajma (3% each), arhar, peas/chawali, masur, bajra and moong (2% each) and poultry chicken and barley (1% each) declined.
The index for ‘Non-Food Articles’ group declined by 1.9% to 116.9 (provisional) from 119.2 (provisional) for the previous month due to lower price of tanning materials (35%), fodder (10%), raw rubber, raw silk and raw jute (4% each), skins (raw), castor seed and soyabean (3% each), mesta and coir fibre (2% each) and safflower (kardi seed), guar seed and hides (raw) (1% each). However, the price of copra (coconut) (3%), raw wool, floriculture, cotton seed and gingelly seed (2% each) and rape & mustard seed and raw cotton (1% each) moved up.
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