Monday, 22 October, 2018

WPI also falls, in sync with the CPI inflation: Angel Broking

Wholesale food prices in February rose 0.07% year-on-year compared with a 1.65% rise a month earlier Wholesale food prices in February rose 0.07% year-on-year compared with a 1.65% rise a month earlier
Orlando Vargas | 15 March, 2018, 13:35

Wholesale inflation moderated for the third consecutive month to a seven-month low in February on the back of cooling food and non-food articles. The previous low level was recorded in July at 1.88%. The inflation for the food articles, from primary group and manufactured products group, decreased to 0.07% in February from 1.65% in the previous month.

Primary articles consisting of crops and mining products saw negative inflation of -1.3% in February and with a weightage of 22.62%, the primary articles did have a strong influence on keeping WPI inflation down.

Annual wholesale price inflation last month slowed to 2.48 percent from a year earlier, from a provisional 2.84 percent rise in January.

While the rate of price rise in onion slowed, it increased in the case of another kitchen essential, potato. The fall was largely due to a decline in vegetables inflation, which came down 15.26%, from 40.77% in January. Fuel and power, with a weightage of 13.15% actually saw positive inflation of 1.2% in tune with rising crude oil prices.

However, WPI inflation for manufactured items was higher compared in February at 3.04 per cent compared to 2.78 per cent in January.

Fake shooting report was a 'swatting' call
After a search of the dorm and area around it, police found no evidence of a shooting, no victim and no gunman, Glew said. Police said they determined the report was not credible and were "prepared to call the incident a hoax".


United States tariffs raise risk Canada will fall prey to foreign steel dumping
Even if USA manufacturers increased their output of the two metals, it would add only 0.05 per cent to GDP, according to Guatieri. The EU topped the list, followed by Brazil, South Korea, China and then Japan.


Another reason to quit cigarettes on No Smoking Day
E-cigarettes have been marketed as a safer alternative to traditional cigarettes because they produce vapor rather than smoke. On average, smoking from adolescence and young adulthood takes off 10 years off a person's life.


On a monthly basis, wholesale prices showed no variations in February.

The contribution of food items (food articles and food products) to inflation dipped to 02 bps to 2.5% in February 2018 compared with 48 bps to 2.8% in January 2018.

Meanwhile, the inflation in fuel and power segment dropped to 3.81% in February as compared to 4.08% in January.

Similarly, CARE Ratings also said while food prices will remain stable in the coming months, inflationary threats could arise from increase in global oil or commodity prices, unseasonal weather patterns and increase in Minimum Support Prices for some crops.

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