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

Wholesale food prices in March fell 0.07% year-on-year compared with a 0.07% rise a month earlier

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:

  • A week of sparring for Musk and Tesla

    A week of sparring for Musk and Tesla

    Tesla reported a record loss of $675.4 million - $4.01 per share - on a revenue of $3.29 billion in the fourth quarter of 2017. Tesla reported in April that it fell short of its target to produce 2,500 Model 3 cars a week by the end of the first quarter.
    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.
    Mourinho responds to talk Man Utd goaded Man City after derby win

    Mourinho responds to talk Man Utd goaded Man City after derby win

    City have unquestionably been the best team in England but their status has been undermined by their Champions League exit. Guardiola is the first Spaniard to win the English title. "They always had time to organise themselves".
  • Rafael Nadal Jokes Roger Federer Is Avoiding Him On Clay

    Rafael Nadal Jokes Roger Federer Is Avoiding Him On Clay

    The Spaniard has a bye for the first round and will open his tour clay court campaign against either Slovenia's Aljaz Bedene or a qualifier.
    UN body dismisses Russsia's attempt to condemn western allies

    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 ).
  • 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 .

    On May, 1 Analysts See $1.09 EPS for Genworth MI Canada Inc

    The stock of Annaly Capital Management, Inc. (NYSE:GNW) earned "Hold" rating by Keefe Bruyette & Woods on Monday, February 26. Ancora Ltd Limited Liability Company holds 206,580 shares or 0.03% of its portfolio. (NYSE:GNW) for 1.33 million shs.
    Political ad men are dodging Facebook's new privacy rules

    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.
  • Britain had no choice but to conduct air strikes, Theresa May says

    Britain had no choice but to conduct air strikes, Theresa May says

    The Ministry of Defence (MoD) said that four RAF Tornado jets were deployed to launch missiles at a Syrian military facility. In her comments, May also alluded to a nerve agent attack in Britain last month on a former Russian spy and his daughter.
    USA  airstrikes targeted Syrian chemical weapons infastructure

    USA airstrikes targeted Syrian chemical weapons infastructure

    A United Nations-OPCW Joint Investigative Mechanism also looked at responsibility for chemical weapons use. In a speech announcing the attack, Trump blamed the regime of Syrian President Bashar al-Assad.
    H&M Announces Moschino Collaboration

    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 .


Most liked

Rangers captain James Tavernier hits out at 'embarrassing' defeat to Celtic
Tavernier took the team's dismal display personally when asked if he could identify why the necessary effort had not been there. He had "no idea" if the occasion got to the Rangers players. "Not at all", he said of that contention.

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.

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.

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.

'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.

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.

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.

Fight at a Sikh Temple: Injuries During Fight Over Elections
The fight was Sunday afternoon at the temple on Graham Rd., and apparently took place during elections. Investigators said they are still probing the incident and no arrests have been made.

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 .

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.

England's netball team wins historic Commonwealth Games gold after shock Australia win
That final 43 years ago ended in defeat to Australia, but the Roses were determined not to settle for silver and delivered the gold.

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.

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 .

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.