WPI Inflation hits near 2-year low at 2.45% in May, 2019 - All details here
A year ago for the same month, WPI came in at 4.78%.
The Wholesale Price Index (WPI) inflation eased down to 2.45% during the month of May, compared to 3.07% in April 2019 and 3.1% in March 2019. With latest numbers, WPI inflation has reached near two-year lows. A year ago for the same month, WPI came in at 4.78%.
Rate of inflation based on WPI food index alone, which includes food articles from primary articles group and food product from manufactured product group, came in at 5.10% in May 2019, higher from 4.95% in April 2019.
Meanwhile, manufacturing products which hold 64.23% weightage of WPI, remained unchanged at 118.3 as against previous levels.
Going forward, the fuel and power index accounting for 13.15% of WPI, slipped gradually by 0.5% to 102.8 (provisional) from 103.3 (provisional) in April month. On the other hand, the index for 'Mineral Oils' group saw a sequential rise by 0.4% to 95.4 (provisional) versus 95 (provisional) for the previous month. The rise in mineral oils item was led by the higher price of LPG (5%), naphtha (3%), petrol and kerosene (2% each) and ATF (1%).
Moving ahead, primary articles having 22.62% weightage of WPI, increased by 3.3% to 139.2 (provisional) in May 2019 versus 134.7 (provisional) in April 2019. In this indicator, the index for 'Food Articles' group rose by 3.4% to 150.1 (provisional), on the back of higher price of tea (15%), fruits & vegetables (14%), peas/chawali (6%), maize (5%), poultry chicken (4%), arhar, bajra and pork (3% each), gram and condiments & spices (2% each) and masur, urad, mutton and rajma (1% each). While, the index for ' Non-Food Articles' group saw an uptick of 2.6% to 126.7 (provisional) because of higher price of floriculture (11%), safflower (kardi seed) (9%), raw cotton (7%), niger seed and castor seed (6% each), gaur seed, soyabean and cottonseed (3% each), groundnut seed and skins (raw) (2% each).
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Retirement Planning: SIP+SWP combination; Rs 15,000 monthly SIP for 25 years and then Rs 1,52,000 monthly income for 30 years
Top Gold ETF vs Top Large Cap Mutual Fund 10-year Return Calculator: Which has given higher return on Rs 11 lakh investment; see calculations
Retirement Calculator: 40 years of age, Rs 50,000 monthly expenses; what should be retirement corpus and monthly investment
SBI 444-day FD vs Union Bank of India 333-day FD: Know maturity amount on Rs 4 lakh and Rs 8 lakh investments for general and senior citizens
EPF vs SIP vs PPF Calculator: Rs 12,000 monthly investment for 30 years; which can create highest retirement corpus
Home loan EMI vs Mutual Fund SIP Calculator: Rs 70 lakh home loan EMI for 20 years or SIP equal to EMI for 10 years; which can be easier route to buy home; know maths
02:00 PM IST