Bulgaria annual CPI records 2.2% inflation in March

A vendor arranges vegetable at his stall in a market in Mumbai

India's annual rate of inflation, based on monthly wholesale price index (WPI), stood at 2.47 per cent for the month of March 2018 over same month of past year.

Food and beverage prices were 0.9 per cent up, on an annual basis, while the price of utilities and housing has increased by 4.6 per cent and transportation costs were 0.7 per cent higher compared to a year earlier.

On April 12, the data released by the Central Statistics Office (CSO) showed that lower food prices eased March retail inflation to 4.28 percent from 4.44 percent in February 2018.

The official WPI for "All Commodities" (Base: 2011-12=100) for the month of March, 2018 rose by 0.2 percent to 116.0 (provisional) from 115.8 (provisional) for the previous month.

It revised downwards its forecast for retail inflation, to 4.7-5.1 percent for the April-September period and 4.4 percent for the October-March period.

Food prices were 0.3 per cent lower compared to February and services prices shrank by 0.4 per cent, while non-food prices were down by 0.2 per cent. "We expect the average WPI inflation to rise to around 3.9 per cent in 2018-19 from 2.9 per cent in 2017-18", Nayar said.

Going ahead, the fuel & power which bags 13.15% of total WPI, declined by 0.1% to 98.0 (provisional) from 98.1 (provisional) for the previous month.

Germany's wholesale prices increased at a steady pace in March, Destatis reported Monday. The price of petroleum coke (11 per cent) and kerosene (2 per cent) moved up.

Moreover, the retail inflation eased to 4.28 per cent, a five-month low in March, but remained above RBI's medium-term target, supporting views that monetary policy is likely to remain unchanged at the next review in early June.

However, he said that core inflation dropped to 3.5 per cent in March 2018 from 3.9 per cent in February 2018.

Besides, January WPI inflation has been revised upwards to 3.02 per cent from the provisional estimate of 2.84 per cent.

"However, there are some noticeable changes at the disaggregate level".

The reproduction of the story/photograph in any form will be liable for legal action.

Related:

Comments


Other news