Nifty99000 100%

Sensex99000 100%

Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
RSS

News

India’s wholesale inflation rate rises to 5.77% in June

Author: IANS/Monday, July 16, 2018/Categories: Economy

India’s wholesale inflation rate rises to 5.77% in June

New Delhi, July 16 - Rise in prices of manufactured products along with that of food articles and fuel types accelerated India's wholesale inflation rate at 5.77% compared to 4.43% in the previous month, official data showed on Monday.

According to the Ministry of Commerce and Industry, last month's WPI rate was also higher on year-on-year (YoY) basis. It had risen by 0.90% in June 2017.

"The annual rate of inflation, based on monthly WPI, stood at 5.77% (provisional) for June 2018 (over June 2017) as compared to 4.43% (provisional) for the previous month and 0.90% during the corresponding month the previous year," the Ministry said.

"Build up inflation rate in the financial year so far was 2.49% compared to a build up rate of (-) 0.44% in the corresponding period of the previous year."

On a sequential basis, the expenses during the month under consideration on primary articles, which constitute 22.62% of the WPI's total weightage, rose by 5.30%, from a marginal rise of 3.16% in May 2018.

Among primary articles, food articles, which has a weightage of 15.26% in the index, edged up last month by 1.80% from a acceleration of 1.60% reported for May.

The cost of fuel and power, which commands a 13.15% weightage in the index, increased at a fast pace of 16.18% during the month, from a rise of 11.22% in May.

Similarly, expenses on manufactured products increased by 4.17%, from 3.73% in the previous month.

On a YoY basis, onion prices in June soared higher by 18.25% and potatoes by 99.02%.

Similarly, the prices of both high-speed diesel and petrol climbed higher than in the previous month of last year, by 17.45% and 21.63%.

Print Rate this article:
No rating

Number of views (85)/Comments (0)

rajyashree guha

IANS

Other posts by IANS
Contact author

Leave a comment

Name:
Email:
Comment:
Add comment

Name:
Email:
Subject:
Message:
x

Videos

Ask the Finapolis.

I'm not a robot
 
Dharmendra Satpathy
Col. Sanjeev Govila (retd)
Hum Fauji Investments
 
The Finapolis' expert answers your queries on investments, taxation and personal finance. Want advice? Submit your Question above
Want to Invest
 
 

Categories

Disclaimer

The technical studies / analysis discussed here can be at odds with our fundamental views / analysis. The information and views presented in this report are prepared by Karvy Consultants Limited. The information contained herein is based on our analysis and upon sources that we consider reliable. We, however, do not vouch for the accuracy or the completeness thereof. This material is for personal information and we are not responsible for any loss incurred based upon it. The investments discussed or recommended in this report may not be suitable for all investors. Investors must make their own investment decisions based on their specific investment objectives and financial position and using such independent advice, as they believe necessary. While acting upon any information or analysis mentioned in this report, investors may please note that neither Karvy nor Karvy Consultants nor any person connected with any associate companies of Karvy accepts any liability arising from the use of this information and views mentioned in this document. The author, directors and other employees of Karvy and its affiliates may hold long or short positions in the above mentioned companies from time to time. Every employee of Karvy and its associate companies is required to disclose his/her individual stock holdings and details of trades, if any, that they undertake. The team rendering corporate analysis and investment recommendations are restricted in purchasing/selling of shares or other securities till such a time this recommendation has either been displayed or has been forwarded to clients of Karvy. All employees are further restricted to place orders only through Karvy Consultants Ltd. This report is intended for a restricted audience and we are not soliciting any action based on it. Neither the information nor any opinion expressed herein constitutes an offer or an invitation to make an offer, to buy or sell any securities, or any options, futures or other derivatives related to such securities.

Subscribe For Free

Get the e-paper free