Wholesale Food Price Inflation Eases In April

The Office of Economic Adviser, Department for Promotion of Industry and Internal Trade released Wholesale price Index (WPI) for the month of April, 2020.In view of the limited transactions of products in the wholesale market in the month of April, 2020, due to spread of Covid-19 pandemic, it has been decided to release the Price Movement of selected Sub-groups/Groups of WPI, following the principles of adequacy. All Commodities WPI could not be computed for April-2020 due to non- availability of manufactured product group index.

Primary Articles (Weight 22.62%): The index for this major group declined in April 20 by (-0.9%) to 138.2 (Provisional or P) from 139.5 (P) for the previous month. Prices of Minerals (2.3%), Food Articles (0.7%) and Non Food Articles (0.1%) increased whereas prices of Crude Petroleum & Natural Gas (-24.7%) declined as compared to the previous month.

 

Fuel&Power (Weight 13.15%): The index for this major group declined in April 20 by (-8.2 %) to 92.4 (P) from 100.7(P) for the previous month. Prices of mineral oils group (-14.11%) and electricity (-3.39%) declined whereas prices of coal remained unchanged as compared to the previous month.

Manufactured Products (Weight 64.23%): Prices of Manufacture of Food Products (-0.29%), Manufacture of Pharmaceuticals, medicinal chemical and botanical products (-0.15%) and Manufacture of Basic metals (-0.84%)provisionally declined whereas prices of Manufacture of Chemicals and Chemical Products (0.86%) and Manufacture of Beverages (0.24%) provisionally increased in April 20 compared to the previous month.

WPI Food Index (Weight 24.38%): The Food Index consisting of 'Food Articles' from Primary Articles group and 'Food Products' from Manufactured Products group have provisionally increased from 146.1 in March, 2020 to 146.6 in April, 2020.The rate of inflation based on WPI Food Index decreased from 5.49% in March, 2020 to 3.60% in April, 2020.

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