Wholesale Inflation stands at 2.47% in March; manufacturing index rises

Image for representation

Among vegetables, tomatoes saw a price fall of 26.48 per cent in terms of the wholesale price index (WPI). 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).

New Zealand's annual pace of inflation probably slowed in the first three months of the year as the government's "fees free" tertiary education policy comes into effect, removing price pressures in the sector.

The reduction in pulse prices was pegged at 20.58%, in vegetables at 2.70%, wheat at 1.19 % and egg, meat and fish at 0.82% in March.

On the basis of Wholesale Price Index (WPI), inflation was 2.48 per cent in February and 5.11 per cent in March previous year. The three categories account for about 49.7 per cent of the harmonised CPI basket.

The CSO data revealed that the consumer food price index (CFPI) stood at 2.81 percent in March compared to 3.26 percent in February 2018. Within food, vegetables saw deflation at 2.70 per cent, against 5.26 per cent inflation.

California rejects Trump's request for National Guard troops on border
National Guard lieutenant colonel denies rejecting plan to send troops to border " The federal government has not yet responded. Title 32 status is full-time duty other than inactive duty performed by a member of the National Guard.

RAM Ratings expects the headline inflation rate to marginally increase to 1.6% in March, after it dropped to 1.4% in February, the lowest since October 2016.

"Unlike the retail inflation which dipped by 16bps in March 2018 over the previous month, the wholesale inflation remained flat". 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 index for primary articles (weight 22.62 per cent) declined by 0.5 per cent to 127.4 from 128.0 for the previous month.

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.

Related news:

Hot News

isis-killer-beheading-video-story-top Indian police arrest 2nd person over rape of teen
Apr 17, 2018 - 14:05
Singh then allegedly stood guard at the door while Sengar raped the girl, the family's initial complaint to police stated. She was lured into the woods by her attackers, drugged, locked in a temple, gang raped for days and finally strangled.

isis-killer-beheading-video-story-top Russell Westbrook and Paul George Address 'Cotton-Picking' Comments by OKC Announcer
Apr 17, 2018 - 14:05
The Thunder converted on 48.2% of their field goals which included a 14 for 29 performance from three-point range. George set an Oklahoma City playoff record with eight 3-pointers, blowing past the previous record of five.

isis-killer-beheading-video-story-top Here's All the Free Stuff You Can Get on Tax Day 2018
Apr 17, 2018 - 14:05
Quizno's is giving you 10.40 percent off any purchase April 17 through April 24, but you must download their app to get the deal. Because the typical tax deadline (April 15) fell on a Sunday, the day would have normally been moved to Monday, April 16.

isis-killer-beheading-video-story-top Full Metal Jacket Actor R. Lee Ermey Passes Away At 74
Apr 17, 2018 - 14:05
If you heard a commanding military voice bark from a cartoon character, odds are it was Golden Globe-nominated actor R. Marine Corps at the age of 17, Ermey served 11 years active duty, rising to the rank of staff NCO.

isis-killer-beheading-video-story-top Unnao rape: Victim's kin demand security after threat
Apr 17, 2018 - 14:04
The uncle's statement comes a day after Sengar was taken into seven-day police custody after a 17-hour interrogation session. According to sources, Sengar has been changing his statements repeatedly during interrogation by CBI.

isis-killer-beheading-video-story-top Army: 14 Militants Killed in Sinai Military Camp Attack
Apr 17, 2018 - 14:03
Extremist groups are spread North Sinai, including Ansar Bayt al-Maqdis that pledged allegiance to ISIS in 2014. The statement said that all 14 the "terrorists" were killed during the attack.

isis-killer-beheading-video-story-top Stoke boss Lambert frustrated after West Ham 'blow'
Apr 17, 2018 - 14:02
We re willing to fight and we have got the supporters behind us. "A win on Sunday really sets the cats among the pigeons". England boss Gareth Southgate was in attendance to witness two Three Lions strikers of old take centre stage.

isis-killer-beheading-video-story-top Woman rescued from Phoenix house fire near 67th Ave/McDowell
Apr 17, 2018 - 14:01
About 8am, Inspector Bragg said officers still hadn't been able to get inside the home, where a woman and her adult son lived. A woman has died following a Saturday evening house fire in Akron's Middlebury neighborhood, east of downtown, officials say.

isis-killer-beheading-video-story-top Guardiola: I Knew Man City Would Win The Title In September
Apr 17, 2018 - 14:00
That obviously takes time to adapt to but we've developed together and this season is a reward for all that work. De Bruyne said: "That's the next step for us".

isis-killer-beheading-video-story-top Thousands of protesters take to the streets in Armenian capital
Apr 17, 2018 - 13:59
Police employed stun grenades against protesters, with 46 people-including Pashinyan- reported to have been hospitalized. Serzh Sargsyan , who held the office for almost a decade, had promised he wouldn't seek the key job of prime minister.

isis-killer-beheading-video-story-top Mecca Masjid Blast Case Verdict: All Accused Get Acquittal Including Swami Aseemanand
Apr 17, 2018 - 13:58
NIA officials say they have decided not challenge the Ajmer case verdict, giving finality to Aseemanad's acquittal in the case. In the beginning, this specific high profile case was first transferred to the CBI who then had filed a charge-sheet.

isis-killer-beheading-video-story-top Sexual assault victims can now report to community agencies
Apr 17, 2018 - 13:57
A man who will go on trial this week at Naas Circuit Court faces charges of 29 counts of sexual assault against his daughter. Counsel said the alleged assaults ended when the defendant's former partner moved out of the house with her children.

isis-killer-beheading-video-story-top Sean Hannity is the client whose identity Michael Cohen wanted kept secret
Apr 17, 2018 - 13:56
Cohen's lawyers resisted revealing the name of the third client, saying it would be embarrassing and unnecessary. The warrant also sought information that included payments allegedly made to keep Daniels and McDougal silent.

isis-killer-beheading-video-story-top France urges Russian Federation to join peace push after Syria strike
Apr 17, 2018 - 13:56
The Barzah Research and Development Center in Damascus, Syria, before it was struck by coalition forces on Saturday. Kenneth McKenzie said 105 missiles were launched by air and sea, all hitting their targets within minutes .

isis-killer-beheading-video-story-top Drivers brace for higher gas prices
Apr 17, 2018 - 13:54
The state average Monday was $2.63 per gallon, just two cents above last week - though up a dime in the last month. Monday's average prices in South Central Ohio averaged $2.63, while last week's average price was listed at $2.58.