BrahMos WORLD INDIA MADHYA PRADESH BHOPAL WTN SPECIAL GOSSIP CORNER RELIGION SPORTS BUSINESS FUN FACTS ENTERTAINMENT LIFESTYLE TRAVEL ART & LITERATURE SCIENCE & TECHNOLOGY HEALTH EDUCATION DIASPORA OPINION & INTERVIEW RECIPES DRINKS BIG MEMSAAB 2017 BUDGET 2017 FUNNY VIDEOS VIRAL ON WEB PICTURE STORIES Mahakal Ke Darshan
WTN HINDI ABOUT US PRIVACY POLICY SITEMAP CONTACT US
N
W
T
logo
Breaking News

Lower food prices ease India s WPI to 4.53% in August

Friday - September 14, 2018 12:44 pm , Category : BUSINESS
 Lower food prices ease India s WPI to 4.53% in August
Lower food prices ease India s WPI to 4.53% in August
New Delhi Sep 14 (IANS) A massive fall in food prices and cost of primary articles eased India s annual inflation rate based on wholesale prices to 4.53 per cent in August from a 5.09 per cent rise in July.
However on a year-on-year (YoY) basis the Wholesale Price Index (WPI) furnished by the Ministry of Commerce and Industry on Friday was still higher than 3.24 per cent reported for the corresponding period of 2017.
"Build up inflation rate in the financial year so far was 3.18 per cent compared to a build up rate of 1.41 per cent in the corresponding period of the previous year " the Ministry statement said here.
On a sequential basis the expenses on primary articles which constitute 22.62 per cent of the WPI s total weightage slipped by (-) 0.15 per cent from an increase of 1.73 per cent in July.
Similarly the prices of food articles dipped. The category has a weightage of 15.26 per cent in the WPI index. It deflated by (-) 4.04 per cent from a rise of (-) 2.16 per cent.
Interestingly the cost of fuel and power category which commands a 13.15 per cent weightage increased at a slower pace of 17.73 per cent from a growth of 18.10 per cent.
However expenses on manufactured products registered a rise of 4.43 per cent from 4.26 per cent.

--IANS rv/in/vm

 

 

RELATED NEWS