Economy

WPI inflation records four month high with 3.24pct

WPI inflation records four month high with 3.24pct”

Wholesale prices climbed 3.24 percent year-over-year in August, faster than the 1.88 percent rise in July.

Wholesale prices rose 3.24 percent in August from a year earlier, the Commerce Ministry said in a statement on Thursday. That was nearly in line with the 3.20 percent increase economists had forecast.

WPI Inflation grew sharply to 1.88% in the month of July 2017 - which was first rise in five months, compared to 0.9% in June 2017 and 0.63% in July 2016.

Food inflation came at 5.75% in August against 2.15% in the previous month.

The official WPI for all commodities (Base: 2011-12 = 100) for the month of August, 2017 rose by 0.8 per cent to 114.8 from 113.9 for the previous month, according to the provisional data released by the Office of the Economic Adviser, ministry of commerce and industry.

Prices for non-food articles came at negative 3.60% in August compared with 6.32% lower in the last month.

Wholesale inflation eased for the third straight month as it fell to 3.15 per cent in November after subdued demand due to demonetisation led to. The sub-category of manufactured food products registered a rise of 1.84 per cent.

The index for "Non-Food Articles" group rose by 1.8 percent due to higher price of floriculture (25 percent), copra (coconut) (23 percent), guar seed (eight percent), safflower (kardi seed) (four percent), castor seed (three percent), gingelly seed, rape and mustard seed and raw wool (two percent each).



Like this

Latest


14 September 2017
Clerk used funds to buy dog tuxedo, Hogs tickets
Goss originally turned herself in and was later released on a $50,000 bond. Goss was sacked earlier this year after almost 12 years of employment.

14 September 2017
Wolfenstein II: The New Colossus and Doom heading to Nintendo Switch
This week Nintendo announced that about 100 Nintendo Switch games from independent developers are coming to the popular console. If you haven't played it yet or want to enjoy an action packed trip, the Nintendo Switch version seems to be the best choice.

14 September 2017
About 5.8 million without power in US Southeast after Irma - utilities
ABANDONED A vehicle is seen in a flooded street as Hurricane Irma passes through on Sunday (Monday in Manila) in Miami , Florida. By Monday afternoon, more than 800,000 Georgia Power and EMC customers mostly in coastal and south Georgia were without power.

14 September 2017
Blizzard Actively Working to Stem the Tide of Toxicity
There's a serious misconception that reporting players for bad behavior doesn't actually do anything, according to Kaplan. What is striking is that more than 340,000 of this figure was a direct result of the report button featured in Overwatch .

14 September 2017
Kairi Sane wins WWE's inaugural Mae Young Classic
All nine episodes of the Mae Young Classic are now available to stream on the WWE Network. Especially if there's a gang of hungry NXT stars ready to become the next champion.

14 September 2017
Indian De-Railways: After Ranchi Rajdhani, Jammu Rajdhani derails in Delhi
On September 7, the engine and power vehicle of the Ranchi-Delhi Rajdhani Express derailed near Minto Bridge in Delhi. The derailment is the latest in a series of such incidents reported over the past month.

14 September 2017
Jennison Associates LLC Has $211.18 Million Holdings in EOG Resources, Inc. (EOG)
Menta Capital Lc has invested 0.01% of its portfolio in Rosetta Stone Inc (NYSE:RST). 90,228 are owned by Hawkins Ltd Partnership. Old Mutual Customised Solutions (Proprietary) holds 0.33% of its portfolio in EOG Resources Inc (NYSE:EOG) for 17,700 shares.

14 September 2017
Jean-Luc du Preez replaces Jaco Kriel against All Blacks
Sam Whitelock rejoins Brodie Retallick in the second row, while Liam Squire and Sam Cane slot in on the back row. He links again with flyhalf Beauden Barrett, who was criticised for a below-par performance last week.

14 September 2017
Somewhat Favorable News Coverage Somewhat Unlikely to Affect Nike (NKE) Share Price
Company's sales went up 5.3% on a YOY basis. for the same period in the prior fiscal year, firm posted $0.49 Earnings Per Share. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website .

14 September 2017
Google 'Translate' app to support 7 more Indian languages
India is among the top four countries globally using Google Translate which translates over 140 billion words every day. He was of the view that most Indians found it hard to find services and content in their language.