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India's WPI inflation rises to 5.25% in January 2017
14
Feb '17
India’s annual rate of inflation, based on monthly wholesale price index (WPI), increased to 5.25 per cent for January 2017 over corresponding month of the previous year. Build up inflation rate in the financial year 2016-17 so far stood at 5.31 per cent compared to a build up rate of minus 0.40 per cent in the same period of the 2015-16.

Annual rate of inflation was 3.39 per cent for December 2016 and minus 1.07 per cent in January 2016.

Meanwhile, the official WPI for all commodities (Base: 2004-05 = 100) for the month of January, 2017 rose by 1 per cent to 184.6 from 182.8 for the previous month, according to the provisional data released by the Office of the Economic Adviser, ministry of commerce and industry.

The index for manufactured products (weight 64.97 per cent) for January, 2017 rose by 0.5 per cent to 158.8 from 158.0 for the previous month. The index for textiles sub-group also rose by 0.5 per cent to 142.3 from 141.6 for the previous month due to higher price of gunny and hessian cloth (4 per cent), cotton yarn and jute sacking cloth (2 per cent each) and tyre cord fabric and man-made fabric (1 per cent each). However, the price of jute sacking bag (1 per cent) declined.

The index for primary articles (weight 20.12 per cent) declined by 0.2 per cent to 255.7 from 256.3 for the previous month. On the other hand, the index for fuel and power (weight 14.91 per cent) rose by 4.7 per cent to 201.2 from 192.1 for the previous month due to higher prices of coking coal, aviation turbine fuel, furnace oil, high speed diesel, petrol, bitumen and kerosene.

Meanwhile, the all-India consumer price index (CPI) on base 2012=100 stood at 3.17 (provisional) in January, 2017 compared to 3.41 (final) in December, 2016 and 5.69 in January, 2016, according to the Central Statistics Office, ministry of statistics and programme implementation. (RKS)

Fibre2Fashion News Desk – India


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