WPI slips 0.2% in April – 13 May 2017

Wholesale Price Index

The WPI dipped by 0.2% for the month of April 2017 to 113.2 from 113.4 for the previous month.

Based on monthly WPI, annual rate of inflation stood at 3.85% (provisional) for the month of April 2017 (over April 2016) as compared to 5.29% (provisional) for the previous month and -1.09% during the corresponding month of the previous year.

The growth in inflation rate in the financial year so far was -0.18% as compared to the growth of 1.21% in the corresponding period of the previous year.

The index for primary articles rose by 0.4 % to 128.4 (provisional) from 127.9 (provisional) for the previous month. The groups and items which showed variations during the month are as follows:-

The index for the ‘Food Articles’ group rose by 0.6% to 139.4 (provisional) from 138.5 (provisional) for the previous month due to higher price of beef and buffalo meat (11%), tea (11%), peas/chawali (8%), moong (5%), fruits & vegetables, poultry chicken and pork (2% each) and masur, arhar, bajra, gram and milk (1% each).

The index for ‘Non-Food Articles’ group declined by 0.3% to 121.2 (provisional) from 121.6 (provisional) for the previous month due to lower price of raw jute (10%), rape & mustard seed (4%), raw rubber and floriculture (3% each), raw cotton and sunflower (2% each) and cotton seed (1%).

The Fuel & Power index declined by 1.9% to 92.8 (provisional) from 94.6 (provisional) for the previous month due to lower price of naphtha and furnace oil (7% each), aviation turbine fuel (ATF) (5%), petrol (4%), high speed diesel (HSD) and bitumen (3% each), kerosene (2%) and LPG (1%).

However, the prices of coking coal (1%) and petroleum coke (3%) moved up.

Capitalstars Financial Research Private Limited is a research house and an investment advisory carrying out operations in the Indian Equities and Commodity market.We also provide 2 days free trial to our client.Join our services and trade with us.

GET MORE DETAILS HERE:-

Commodity Market Tips
Equity Tips
Nifty Future Tips

 

  * INVESTMENT & TRADING IN SECURITIES MARKET IS ALWAYS SUBJECTED TO MARKET RISKS, PAST PERFORMANCE IS NOT A GUARANTEE OF FUTURE PERFORMANCE.
* CAPITALSTARS INVESTMENT ADVISER: SEBI REGISTRATION NUMBER: INA000001647
Advertisements