June 2018 WPI inflation stands at 5.77%

The WPI inflation stands at 5.77% in June 2018 as compared to 4.43% in May 2018, 3.62% in April 2018, 2.74% in March 2018, 2.74% in February 2018, 3.02% in January 2018. The rise in WPI inflation in the month of May 2018 is attributed to rise in the prices of potato (99.02%), onion (18.25%) and LPG (19.64%). 

Driven by rise in the prices of potato, onion and LPG WPI inflation grows at 5.77% in June 2018 as compared to 4.43% in May 2018. The official Wholesale Price Index for All Commodities (Base: 2011-12=100) for the month of June, 2018 rose by 1.1%  to 119.2 (provisional) from 117.9 (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 (Base year: 2011-12)

Commodity

WPI Inflation Y-o-Y % growth

April ’18

May’18

June’18

1

All Commodities

3.62

4.43

5.77

2

Primary Articles

2.59

3.16

5.30

3

Food Articles

0.87

1.60

1.80

4

Cereals

0.21

1.68

2.59

5

Vegetables

-2.70

2.51

8.12

6

Non-food Articles

-0.74

-0.58

3.81

7

 Fuel & Power

7.96

11.22

16.18

8

Petrol

10.09

13.90

17.45

9

Manufactured Products

3.29

3.73

4.17

10

Sugar

-15.56

-19.46

-13.37

     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 was 2.49% compared to a build up rate of (-)0.44% in the corresponding period of the previous year.

Build up in inflation from March in select food commodities                   (in %)

 Source: PHD Research Bureau, compiled from the office of the Economic Advisor to the Govt. of India

Manufacturing inflation stands at 4.17% (weight 64.23 %)

The WPI inflation for manufactured products grows 4.17% for June 2018 as against 3.73% for May 2018. The index for this major group rose by 0.4% to 117.3 (provisional) from 116.8 (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 to the Govt. of India

Food inflation stands at 1.80% (Weight 15.26%)

The index for Food Articles group rose by 1.1% to 141.7 (provisional) from 140.1 (provisional) for the previous month due to higher price of egg (5%), fruits & vegetables (4%), maize and fish-marine (3% each), jowar (2%) and barley, bajra, beef & buffalo meat, wheat, coffee, condiments & spices, milk and poultry chicken (1% each). However, the price of betel leaves (14%), urad, arhar and gram (2% each) and ragi, masur and moong (1% each) declined.

 

Fuel & power inflation stands at 16.18% (weight 13.15%)

Fuel & power inflation for the month of June 2018 stands at 16.18% as against 11.22% in May 2018. The index for this major group rose by 3% to 104.1 (provisional) from 101.1 (provisional) for the previous month. The index for Mineral Oils group rose by 3.5% to 96.9 (provisional) from 93.6 (provisional) for the previous month due to higher price of furnace oil (10%), ATF (7%), Bitumen (3%), HSD. Kerosene and petroleum (2% each) and petroleum coke (1%).

 

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