India's WPI inflation for apparel drops 0.9% in March

Image for representation

You've probably noticed that your wallet has been a lot happier of late. In the same month past year, the WPI inflation was 5.11 per cent.

With this, the rate of inflation based on WPI Food Index consisting of "Food Articles" from Primary Articles group and "Food Product" from Manufactured Products group decreased from 0.07% in February, 2018 to (-) 0.07% in March, 2018.

India's wholesale price inflation eased for the fourth straight month in March, though fractionally, data from Ministry of Commerce & Industry showed Monday. However, the price of ragi (3%), jowar and fish-marine (2% each) and peas/chawali, moong, betel leaves, wheat, paddy and pork (1% each) moved up.

In contrast, the overall vegetable prices in March deflated (-) 2.70 per cent, against a fall of (-) 0.50 per cent in the same month a year ago.

On the basis of the Wholesale Price Index (WPI), inflation was 2.48 percent in February and 5.11 percent in March past year. The index for "Manufacture of Wearing Apparel" sub-group declined by 0.9 per cent to 137.8 from 139.0 for the previous month due to lower price of woven apparel, except fur apparel, and knitted and crocheted apparel (1 per cent each).


The index for "Crude Petroleum & Natural Gas" group declined by 0.5 percent to 80.2 from 80.6 for the previous month due to lower price of crude petroleum. However, the price of raw silk, mesta and hides, sunflower, soyabean, fodder, raw wool, coir fibre and raw rubber all moved up. This index rose by 0.4% to 115.7 (provisional) from 115.2 (provisional) for the previous month. However, the price of petroleum coke and kerosene moved up.

Inflation in onion continued to stay high at 42.22 per cent and in potato at 43.25 per cent.

The inflation data for January was revised upwards to 3.02 per cent from the provisional estimate of 2.84 per cent.

Data released on April 12 showed that consumer price inflation eased to 4.28 percent in March from 4.44 percent in February. It revised downwards forecast for retail inflation to 4.7-5.1 per cent for April-September and 4.4 per cent for October-March.

To remind you, in its first monetary policy review for the fiscal, the Reserve Bank earlier this month maintained status-quo on interest rate citing inflationary concerns.

Related News:

  • How do Rockets match up against Timberwolves?

    How do Rockets match up against Timberwolves?

    The Minnesota Timberwolves are averaging 109.5 points on 47.6 percent shooting and allowing 107.3 points on 47.5 percent shooting. The winners will come up against one of Oklohoma City Thunder or the Utah Jazz in the semi-finals of the Western Conference .
    The XPERIA XZ2 Premium has dual cameras with ISO 51200 sensitivity

    The XPERIA XZ2 Premium has dual cameras with ISO 51200 sensitivity

    We haven't seen a follow-up to this model but we already saw the Sony Xperia XZ2 and XZ2 Compact and got our hands-on feature. There's a world of difference in the cameras, but let's start with the shared features: both have a Motion Eye main camera.
    French President Says He Urged Trump to Make Limited Strikes

    French President Says He Urged Trump to Make Limited Strikes

    Saturday's strikes on Syria were the first major military operation since Macron's election in May previous year . But she added that the U.S. was "determined to completely crush" the Islamic State group and prevent its return.
  • Kinder Morgan (KMI) Set to Announce Quarterly Earnings on Tuesday

    Kinder Morgan (KMI) Set to Announce Quarterly Earnings on Tuesday

    With 11,300 avg volume, 6 days are for Loop Industries Inc (NASDAQ:LOOP)'s short sellers to cover LOOP's short positions. While this information can be of use, most investors will be more concerned with where the shares are headed from here.
    A fiery send-off for the mother of the nation Winnie Madikizela-Mandela

    A fiery send-off for the mother of the nation Winnie Madikizela-Mandela

    Public submissions have now also been called for. "Life is so unfair‚" Malema, clad in all black, said. Malema shook the stadium with his fiery speech that became a trending topic on social media.
    Andhra Pradesh observes statewide bandh over special status — AP Bandh

    Andhra Pradesh observes statewide bandh over special status — AP Bandh

    However, Chief Minister Chandrababu Naidu opposes the call for the band, saying that it would halt the state's development. A Motorcycle has been set ablaze near RTC bus stand in Tirupati during the statewide bandh in Andhra Pradesh .
  • California Rescuers Find Items Belonging to Missing Family

    California Rescuers Find Items Belonging to Missing Family

    Devonte drew national attention after he was photographed in tears while hugging a white police officer during a 2014 protest. A specialized team of accident investigators is trying to figure that out with help from the FBI, Carpenter said.

    Deaths for April 14

    Those who prefer memorials in lieu of flowers, may make donations to Heifer International charity through the church. Visitation will be at Fiksdal Funeral Service in Webster on Monday 5-7 p.m. ending with a 7 p.m. prayer service.
    Woolworths meltdown closes stores across Australia

    Woolworths meltdown closes stores across Australia

    Social media posts indicate stores impacted locally include Walkerston and Caneland Central. "It was really frustrating". A national technical outage brought sales to a standstill at the busy Mackay city store this afternoon.
  • Not Tiger Shroff, Disha Patani Is Dating This Mystery Man?

    Not Tiger Shroff, Disha Patani Is Dating This Mystery Man?

    Baaghi 2 has been helmed by Ahmed Khan and is backed by Sajid Nadiadwala under his banner Nadiadwala Grandson Entertainment . Baaghi 2 has also enterd into the list of Top-20 Bollywood grossers ever.
    Winslow Evans & Crocker INC Holds Stake in Costco Whsl Corp New (COST)

    Winslow Evans & Crocker INC Holds Stake in Costco Whsl Corp New (COST)

    It dropped, as 42 investors sold NOW shares while 132 reduced holdings. 177 funds opened positions while 601 raised stakes. Ohio-based Gateway Invest Advisers Ltd Liability Co has invested 0.04% in Costco Wholesale Corporation (NASDAQ:COST).
    Tax deadline: Things to know about filing taxes

    Tax deadline: Things to know about filing taxes

    In fact, if the IRS owes you money, you don't even have to let them know you're filing late. If you plan to submit an extension form to the IRS , you must submit form 4868 .


Most liked

Sweden striker Zlatan Ibrahimovic drops big World Cup hint
Ibrahimovic said. "I mean, we come with the sun, they come with the wind, but the sun was the stronger today, so we're happy". With 62 goals in 116 games , Zlatan is Sweden's all-time top scorer and sixth most-capped player in history.

Man City crowned Premier League champions
One of the things we have to improve is our consistency". 'Especially if you've been a Blue for more than forty years. Under that kind of pressure, De Bruyne still went and offered one of the passes of the season.

Comey: 'Possible' that Russians have leverage over Trump
Leaked excerpts have detailed Comey's mistrust of Trump, whom he describes as "ego driven" and "untethered to the truth". Initially, however, the chyron read, "Comey resigns". "What she did was really sloppy", Comey said.

Left leader suggests 'secular, democratic' front, including Congress, to defeat BJP-RSS
This is published unedited from the PTI feed . Muralidhar Rao, and state unit president B.S. The statement was given by me in March.

Brokerages Set Taiwan Semiconductor Mfg. Co. Ltd. (TSM) Target Price at $34.50
Since November 27, 2017 according to StockzIntelligence Inc Taiwan Semiconductor Manufacturing Company Ltd. has 5 analyst reports. Ltd. (NYSE:TSM) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission.

Target Corp (TGT) Shareholder Srb Corp Has Lowered Its Holding
After $1.37 actual EPS reported by Target Corporation for the previous quarter, Wall Street now forecasts 0.73 % EPS growth. ValuEngine raised shares of Target from a "hold" rating to a "buy" rating in a research note on Friday, December 1st.

'The Walking Dead' recap: 'All-Out War' ends with Rick-Negan showdown
This is your last warning: if you do NOT want to be spoiled before watching The Walking Dead's season eight finale, stop reading. At the Hilltop, Alden tells Maggie that most of the prisoners are heading back to the Sanctuary to make something out of it.

Area teen shot at while asking for directions
He added: "I feel bad for the young man; I feel awful for the mom and the anxiety that they had to go through". Zeigler was charged with assault with intent to murder, possession of a firearm while committing a felony.

Comcast Corporation (CMCSA) EPS Estimated At $0.61
On Friday, October 27 the stock rating was maintained by Nomura with "Buy". (NYSE:JPM) on Tuesday, September 26 with "Buy" rating. The firm has "Buy" rating given on Wednesday, July 5 by Macquarie Research. ( NYSE:T ), 12 have Buy rating, 1 Sell and 18 Hold.

UN body dismisses Russsia's attempt to condemn western allies "aggression" in Syria
A fact-finding mission from the Organization for the Prohibition of Chemical Weapons is expected to arrive in Douma on Saturday. But he also appeared anxious to avoid a wider conflict, saying France would "in no way allow an escalation".

Citigroup Inc. Upgrades Esperion Therapeutics Inc (ESPR) to Purchase
On Wednesday, February 21 the rating was maintained by Needham with "Buy". (NASDAQ:FB) on Thursday, November 5 with "Buy" rating. Rothschild Asset Management Incorporated reported 20,871 shares or 0.01% of all its holdings. (NASDAQ: ESPR ).

Syrian War Will Go On Despite Western Strikes - Britain
Foreign Secretary Boris Johnson speaks during a banquet with diplomats at Mansion House in London, Britain March 28, 2018. The government is not legally bound to seek Parliament's approval for military strikes , though it is customary to do so.

Mecca Masjid Bomb Blast Case Verdict Today In Hyderabad
Soon after the blast on May 18, 2007, five more people were killed in subsequent police firing as cops tried to control a mob. Then after that, the National Investigation Agency (NIA) took the case in its hands from the CBI in 2011.

Political ad men are dodging Facebook's new privacy rules
Then the data was sold to Cambridge Analytica, a political research firm which had ties to Donald Trump's presidential campaign. Zuckerberg said everyone who uses Facebook consents to what they agree to share, and has complete control of it.

H&M Announces Moschino Collaboration
Gigi Hadid and Jeremy Scott backstage at Milan Fashion Week Spring/Summer '18. A full interview with Scott appears at H&M's website .