Wholesale Price Index grows by 5.25% in January month

The Wholesale Price Index (WPI) or whole sale inflation for the January 2017, stood at 5.25% compared to 3.39% in the month of December 2016 and -1.07% in the similar month of previous year.

A bloomberg poll estimated WPI for January to be around 4.35%.

source: tradingeconomics.com

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The official Wholesale Price Index for ‘All Commodities’ in January rose by 1% to 184.6 (provisional) from 182.8 (provisional) for the previous month.

As per the Ministry of Commerce & Industry,so far, the build up inflation rate in the financial year was at 5.31% compared to a build up rate of -0.40% a year ago same period.

Index for primary article declined by 0.2% to 255.7 (provisional) from 256.3 (provisional) for the previous month.

Meanwhile, index for fuel and power rose by 4.7% to 201.2 (provisional) from 192.1 (provisional) for the previous month due to higher price of coking coal (84%), aviation turbine fuel (10%), furnace oil (8%), high speed diesel and petrol (5 % each), bitumen (3%) and kerosene (2%).

Manufacturing index rose by 0.5% to 158.8 (provisional) from 158.0 (provisional) for the previous month.