New Delhi37 minutes ago
- Copy link
Manufactured products hold 63.75%, primary article is 22.62% in wholesale inflation.
In April, wholesale inflation has come down from 2.05 % to 0.85 %. This is a 13 -month low of inflation. Earlier in March 2024, inflation was at 0.53%.
At the same time, the inflation rate of February 2025 has been revised by the government. It has been increased from 2.38% to 2.45%.
Inflation has decreased due to the decrease in the prices of daily needs and the prices of food and drink. The Ministry of Commerce and Industry released these figures today i.e. on 14 May.
Everyday items, food items became cheaper
- Inflation of daily needs declined from 0.76% to -1.44%.
- The inflation of food and drink declined from 4.66% to 2.55%.
- The wholesale inflation rate of fuel and power declined from 0.20% to -2.18%.
- The wholesale inflation rate of manufacturing products declined from 3.07% to 2.62%.
Wholesale Price Index (WPI) has an impact on common man
It has a bad effect on most of the productive sectors due to prolonged wholesale inflation. If the wholesale price remains at a high level for a long time, then the producers put its burden on the consumers. The government can only control WPI through tax.
For example, in the event of a sharp increase in crude oil, the government had cut excise duty on fuel. However, the government can reduce tax deduction within a limit itself. WPI contains more weightage of metal, chemical, plastic, rubber.
Three parts of wholesale inflation
Primary article, whose weightage is 22.62%. Fuel and power weightage is 13.15% and manufactured product weightage is the highest 64.23%. There are also four parts of the primary article.
- Food articles like grains, wheat, vegetables
- Oil seeds come in non -food article
- Minerals
- Crude petroleum
How is inflation measured?
There are two types of inflation in India. One is retail means retail and the other is the wholesale inflation. Retail inflation is based on prices paid by common customers. It is also called Consumer Price Index (CPI). At the same time, the wholesale Price Index (WPI) means the prices that charge a businessman in the wholesale market from another businessman.
Different items are included to measure inflation. Such as manufactured products in wholesale inflation are 63.75%, primary article such as food 22.62% and fuel and power is 13.15%. At the same time, food and product participation in retail inflation, 45.86%, 10.07% of housing and other items are also involved.
—————–
Read this news related to inflation too …
Retail inflation came down to 3.16% in April: It is the lowest in about 6 years, inflation declined due to reduction in prices of food items
Retail inflation in India has come down to 3.16% in April. This is a low of 69 months of inflation. Inflation was 3.15% in July 2019. Retail inflation has decreased due to continuous softening in the prices of food items.
Earlier, retail inflation was 3.34% in the month of March. This was a 67 -month low of inflation. Today, on Tuesday, May 13, retail inflation figures have been released.
Source link
[ad_3]
