India's wholesale inflation softens to 2.47 percent

Wholesale Inflation stands at 2.47% in March manufacturing index rises

"After the surge seen in the previous month, the core-WPI inflation eased to a three-month low of 3.6 percent in March from 3.9 percent in February, reflecting a favourable base effect as well as the trend in a number of sub-sectors with a substantial weight such as textiles, basic metals, fabricated metal products, and motor vehicles, trailers and semi-trailers etc", Aditi Nayar, Principal Economist at ICRA said.

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

India's wholesale inflation eased marginally hitting nine-month low of 2.47 percent growth in March, as prices of vegetables and other food items softened, latest price data released by the commerce and industry ministry showed.

Deflation in vegetables was 2.70 per cent, pulses (20.58 per cent) and wheat (1.19 per cent) in March.

Inflation in non-food articles too declined by 0.3% to 120.2 from 120.6 for the previous month due to lower price of guar seed, niger seed, floriculture, raw cotton, cottonseed, mustard seed, among others.

City seal title as 50/1 gamble comes in
City have unquestionably been the best team in England but their status has been undermined by their Champions League exit. Mourinho felt that his side allowed their opponents too much time to get into shape when they were on the attack.

On a monthly basis, wholesale prices increased 0.2 percent at the end of the first quarter.

That compares to the Reserve Bank's quarterly projection of 0.6 per cent for an annual rise of 1.1 per cent. However, the price of raw silk, mesta and hides, sunflower, soyabean, fodder, raw wool, coir fibre and raw rubber all moved up. The price of petroleum coke (11 per cent) and kerosene (2 per cent) moved up.

The inflation based on Consumer Price Index (CPI), a key data factored in by the RBI to arrive at interest rate, was 4.44 per cent in February. The index for electricity group rose by 2.9 per cent to 105.4 (provisional) from 102.4 (provisional) due to higher price of electricity (3 per cent).

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

INFLATION is expected to have held steady in March as a drop in food and fuel prices was offset by higher airfares around the earlier Easter holidays.

Related News:

  • Britain says we had to attack Syria, strikes were highly successful

    The Ministry of Defence (MoD) said that four RAF Tornado jets were deployed to launch missiles at a Syrian military facility. May said the strikes would "send a clear signal to anyone else who believes they can use chemical weapons with impunity".
    Jon Rahm wins after 'hardest Sunday ever'

    Jon Rahm wins after 'hardest Sunday ever'

    While he birdied the 15th to get back to within two shots of Rahm and Elvira, there were to be no late mistakes from the eventual victor .
    Kentucky Governor Apologizes for Associating Teacher Protests with Child Sexual Assault

    Kentucky Governor Apologizes for Associating Teacher Protests with Child Sexual Assault

    This rhetoric has crossed a line. "If we want to create a world without child abuse, we can not tolerate the governor's comments". After the day's events, Bevin made the comment about teachers to a group of reporters outside the Capitol.
  • Malema's scuffle with security at Mama Winnie's funeral

    Malema's scuffle with security at Mama Winnie's funeral

    Malema also said that Ramaphosa was Madikizela-Mandela's President and not Zuma, who had ignored her. Julius Malema at the funeral of Winnie Madikizela-Mandela at Orlando Stadium.
    Trudeau in 'financial' talks to resolve heated pipeline dispute

    Trudeau in 'financial' talks to resolve heated pipeline dispute

    It's also sparked a dispute between the provinces of Alberta, which has the world's third-largest oil reserves, and British Columbia.

    Paul Pogba booked for his own 'Hand of Pog' attempt

    Prior to the clash against the Baggies, United were placed second in the table with 71 points after 33 games. He said: "There's players all over the world Portugal, Spain - you name it - wherever".
  • Rahul Gandhi On Three-Day Amethi Visit From Today

    Congress sources said in Rae Bareli, Rahul would interact with the locals and party workers, and attend some social events too.
    Treasure just misses a medal at Commonwealth Games

    Treasure just misses a medal at Commonwealth Games

    Jonathan Mould of Wales took silver and South Africa's Clint Hendricks took the bronze, all in the same time. New Zealand are expected to win the semifinal and face Australia in a re-match of the Rio Olympics final.
    Indian PM Will Visit Sweden and the UK

    Indian PM Will Visit Sweden and the UK

    On 5 January, Modi had asked officials to devote the coming three months in developing these backward districts. He mentioned the Ayushman Bharat and Gram Swaraj programmes, saying these will empower the weaker sections.
  • What Giroud Said To Hazard After Replacing Morata In Thrilling Chelsea Comeback

    What Giroud Said To Hazard After Replacing Morata In Thrilling Chelsea Comeback

    Replays showed Mike Dean must have seen the incident and how the Spaniard escaped a card of any sort was very surprising. But Southampton felt that Alonso should have been sent off in the first half for raking his studs down Shane Long's calf.
    WhatsApp Payment feature is now available for some users in India

    WhatsApp Payment feature is now available for some users in India

    The feature will allow download of images, videos, voice messages, etc which were sent more as long as three months back. Gadgets 360 has been able to verify the new feature is now available in the WhatsApp version 2.18.113 on Android.
    John Cena and Nikki Bella Have Called Off Their Engagement

    John Cena and Nikki Bella Have Called Off Their Engagement

    You can read the full US Weekly article here. "We ask that you just respect our privateness throughout this time in our lives". Cena was one of the best reasons to watch Total Bellas as well and nobody seemed to understand him like Nikki Bella .


Most liked

IMD forecasts 97% normal monsoon for 2018
A normal south-west monsoon bodes well for the Indian economy and is likely to boost rural demand and alleviate farm distress. Private weather forecasting agency Skymet has said rainfall in 2018 will be normal at 100 per cent of the LPA.

Missile strikes on Syria justified, not connected to Assad's removal: Johnson
But Johnson stressed the "overwhelming purpose" of the mission was a response to a series of chemical attacks in recent years. I'm afraid the Syrian war, in many ways, will go in its awful , miserable way.

Crawfordville woman accused of letting toddler smoke meth, marijuana
The accused was identified as 20-year-old Kaitlyn Ecker from Wakulla, a county in Florida , and is facing charges of child abuse. While the injury was deemed an accident, police investigated Payne after she appeared to be under the influence of drugs.

Colon throwing flawless game vs. Astros through 7 innings
At 44 years and 326 days old, Big Sexy would have been the oldest pitcher in history to record a ideal game or a no-hitter. Colon finished the game with a line of 7.2 innings pitched, seven strikeouts, one hit, one walk and one earned run.

Over 300000 march through Barcelona demanding release of Catalonia leaders
Spain's central government imposed direct rule on Catalonia following its unilateral declaration of independence in October. If a new leader is not named before the end of May, Catalonia will be forced to call another election.

Gracetown shark attack: Second surfer injured in South West
Dozens of pro surfers are in the South West to take part in the Margaret River Pro, which is part of the World Surf League Tour. He put a drone in the air whose footage revealed two large sharks.

Boston is strong five years after Boston Marathon bombing
Rupp took a bronze medal at the 2016 Rio Olympics then followed his Boston debut runner-up effort with a Chicago victory. "It is with deep regret that I have to withdraw from tomorrow's Boston Marathon ", the 26-year-old said in a statement.

Donald Trump echoes George W. Bush with Syria strike 'Mission Accomplished'
Later Sunday, Trump sent a letter to congressional leaders informing them in writing of his decision to order the strike . Bush, who announced the end of major combat operations on the USS Abraham Lincoln aircraft carrier in 2003.

Syria airstrikes: UN Security Council rejects Russian attempt to condemn USA aggression
It comes after the US, UK and French launched strikes on three sites linked to Syria's chemical weapons programme. What happens next, she said, is up to Assad and to his Russian and Iranian allies.

Fedex Corp (FDX) Holding Raised by Cornerstone Investment Partners Llc
Shell Asset Mngmt invested in 0.17% or 4,812 shares. 14 were accumulated by West Oak Capital Limited Liability Company. Cap One Association stated it has 0.04% in FedEx Corporation (NYSE:FDX). 8,208 are held by Johnson Financial Grp Inc.

Fakhar, Imam receive maiden call-ups to Ireland, England Tests
Imam-ul-Haq, the nephew of former Pakistan skipper and current chief selector Inzamam-ul-Haq, is in line for a Test debut. Pakistan are the opponents for Ireland's first Test match in Malahide, with the historic game getting underway on May 11.

3 things that went right for Liverpool against Bournemouth
The goal also saw the Egypt worldwide reach the 40-goal mark across all competitions; a feat that he achieved in just 45 games. This was the first time for Salah to be nominated for BBC African Footballer of the Year.

Full Metal Jacket Actor R. Lee Ermey Actor Passes Away At 74
Ermey was best known for his role in " Full Metal Jacket ". "And I love sunshine, I don't know about you". And, he especially cared deeply for others in need...

James Milner follows Jordan Henderson in mocking Harry Kane's goal appeal
He has just got to ignore what everyone else is saying, he knows how good he is and I am sure everyone else knows how good he is".

Guard Your Privacy by Deleting These 5 Things From Your Facebook Page
Especially if we consider the massive lobbying power Facebook has both with its financial assets along with its platform as Sen. The problem with free, of course, is that the entrepreneurs had to get their money from someone in order to have a business.