WPI inflation softens to 5.70% in March

17 Apr 2017 Evaluate

The inflation in the country on wholesale level softened in the month of March 2017, on the back of easing fuel and manufactured item prices. According to the latest data released by the government, the wholesale price inflation (WPI) stood at 5.70% in March as against 6.55% in the previous month and (-) 0.45% during the corresponding month of the previous year. Build up inflation rate in the financial year so far was 5.70% compared to a build up rate of -0.45% in the corresponding period of the previous year. Meanwhile, for the month of January 2017, the final WPI index was revised upward to 5.53 percent from 5.25 percent (provisional).

Component wise, primary articles index, having weight of 20.12%, witnessed a decline of 0.2% to 257.5 (provisional) from 258.1 (provisional) for the previous month. Among the primary articles, the index for ‘Food Articles’ group rose to 267.6 (provisional) from 267.5 (provisional) for the previous month, the index for ‘Non-Food Articles’ group decreased by 1.8% to 230.6 (provisional) from 234.8 (provisional) for the previous month and the index for ‘Minerals’ group increased by 1.5% to 238.3 (provisional) from 234.8 (provisional) for the previous month.

Fuel & Power index having weight of 14.91% in the WPI inflation index, decreased by 0.1% to 203.7 (provisional) from 203.8 (provisional) for the previous month.

Besides, Manufactured Products index having weight of 64.97% declined by 0.1% to 158.7 (provisional) from 158.8 (provisional) for the previous month. Among the items in the group, the index for ‘Food Products’ group declined by 1.2% to 192.1 (provisional) from 194.5 (provisional) for the previous month, the index for ‘Non-Metallic Mineral Products’ group declined by 0.6% to 177.7 (provisional) from 178.8 (provisional) for the previous month and the index for ‘Machinery & Machine Tools’ group declined by 0.1% to 135.3 (provisional) from 135.4 (provisional) for the previous month.

On the other hand, the index for ‘Beverages, Tobacco & Tobacco Products’ group rose by 0.1% to 221.7 (provisional) from 221.5 (provisional) for the previous month, the index for ‘Textiles’ group rose by 0.2% to 142.9 (provisional) from 142.6 (provisional) for the previous month, the index for ‘Wood & Wood Products’ group rose by 0.7% to 193.2 (provisional) from 191.8 (provisional) for the previous month, the index for ‘Paper & Paper Products’ group rose by 0.7% to 158.8 (provisional) from 157.7 (provisional) for the previous month, the index for ‘Leather & Leather Products ‘ group rose by 0.1% to 145.3 (provisional) from 145.1 (provisional) for the previous month, the index for ‘Rubber & Plastic Products’ group rose by 1.0% to 150.4 (provisional) from 148.9 (provisional) for the previous month, the index for ‘Chemicals & Chemical Products’ group rose by 0.5% to 152.3 (provisional) from 151.5 (provisional) for the previous month, the index for ‘Basic Metals, Alloys & Metal Products’ group rose by 0.1% to 160.5 (provisional) from 160.4 (provisional) for the previous month and the index for ‘Transport, Equipment & Parts’ group rose by 0.2% to 140.8 (provisional) from 140.5 (provisional) for the previous month.

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