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WPI Inflation For June 2017 Declines 0.9%

For the month of April 2017, the final wholesale price index for all commodities and annual rate of inflation remained unchanged at its provisional level of 113.2 and 3.85 percent respectively.

Photo Credit : Reuters

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The official wholesale price index (WPI) for all commodities for the month of June 2017 declined by 0.1 percent to 112.7 (provisional) from 112.8 (provisional) for the previous month, informed Ministry of Commerce and Industry in an official statement released on Friday (14 July).

The annual rate of inflation, based on monthly WPI, stood at 0.90 per cent (provisional) for the month of June 2017 (over June 2016) as compared to 2.17 per cent (provisional) for the previous month and -0.09 per cent during the corresponding month of the previous year.

Build up inflation rate in the financial year so far was -0.44 per cent compared to a buildup rate of 3.71 per cent in the corresponding period of the previous year.

The index for primary articles, which has an overall weightage of 22.62 per cent, rose by 0.3 percent to 126.9 (provisional) from 126.5 (provisional) for the previous month.

The index for fuel and power declined by 1.2 percent to 89.7 (provisional) from 90.8 (provisional) for the previous month.

For manufactured products, the index declined by 0.1 percent to 112.5 (provisional) from 112.6 (provisional) for the previous month.

The rate of inflation based on WPI Food Index consisting of ‘Food Articles’ from Primary Articles group and ‘Food Product’ from Manufactured Products group decreased from 0.15 per cent in May 2017 to -1.25 per cent in June 2017.

For the month of April 2017, the final wholesale price index for all commodities and annual rate of inflation remained unchanged at its provisional level of 113.2 and 3.85 percent respectively.


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