Economic Buzz: WPI Slips Under 2.5%, Food Articles Ease

The annual wholesale price inflation (WPI) slipped to 2.47% (provisional) for the month of March, 2018 (over March, 2017) as compared to 2.48% (provisional) for the previous month and 5.11% during the corresponding month of the previous year. Build up inflation rate in the financial year so far was 2.47% compared to a build up rate of 5.11% in the corresponding period of the previous year. The index for Primary Articles declined by 0.5% to 127.4 (provisional) from 128 (provisional) for the previous month. The index for Food Articles group declined by 0.4% to 137.2 (provisional) from 137.8 (provisional) for the previous month due to lower price of egg (5%), gram, tea, coffee, poultry chicken and condiments & spices (3% each), rajma (2%) and fish-inland, masur, bajra, fruits & vegetables and beef and buffalo meat (1% each). However, the price of ragi (3%), jowar and fish-marine (2% each) and peas/chawali, moong, betel leaves, wheat, paddy and pork (1% each) moved up. The index for Fuel & Power declined by 0.1% to 98.0 (provisional) from 98.1 (provisional) for the previous month. The index for Manufactured Products rose by 0.4% to 115.7 (provisional) from 115.2 (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 0.07% in February, 2018 to (-) 0.07% in March, 2018.