Contact Your Financial Adviser Money Making MC
14
May 2018
 |
wholesale inflation(The Total Investment & Insurance
Solutions)
An
exponential rise in food and fuel prices lifted India's wholesale inflation
rate to 3.18 per cent in April from a rise of 2.47 per cent in the previous
month, official data showed here on Monday. .The Total Investment & Insurance Solutions
According
to the Ministry of Commerce and Industry, last month's rise in WPI inflation
rate was slower on a year-on-year (YoY) basis. The rate had increased to 3.85
per cent in April 2017. .The Total
Investment & Insurance Solutions
"The
annual rate of inflation, based on monthly WPI, stood at 3.18 per cent
(provisional) for the month of April 2018 (over April 2017) as compared to 2.47
per cent (provisional) for the previous month and 3.85 per cent during the
corresponding month of the previous year," the ministry said in the review
for April 2018. .The Total Investment & Insurance
Solutions
"Build
up inflation rate in the financial year so far was 0.69 per cent..."
On
a sequential basis, the expenses during the month under consideration on
primary articles, which constitute 22.62 per cent of the WPI's total weightage,
rose by 1.41 per cent, from a marginal rise of 0.24 per cent in March 2018.
Among
primary articles, food, which has a weightage of 15.26 per cent in the index,
edged up last month by 0.87 per cent from a deceleration of (-) 0.29 per cent
reported for March.
The
cost of fuel and power, which commands a 13.15 per cent weightage in the index,
increased at a fast pace of 7.85 per cent during the month, from a growth of
4.70 per cent in March. .The Total
Investment & Insurance Solutions
Similarly,
expenses on manufactured products in the month under review registered a rise.
It increased by 3.11 per cent, from 3.03 per cent in March.
On
a YoY basis, onion prices in April 2018 soared higher by 13.62 per cent and
potatoes by 67.94 per cent. .The Total
Investment & Insurance Solutions
Fuel-wise,
prices in April 2018 of both high-speed diesel and petrol climbed higher than
in the previous month, by 13.01 per cent and 9.45 per cent.The Total Investment & Insurance Solutions
No comments:
Post a Comment