Wholesale Price Index for Capital Goods and Raw Materials Falls

The Wholesale Price Index (WPI) for raw materials and capital goods in July 2017 decreased by 0.11 percent and 0.23 percent, respectively, compared to the previous month. Meanwhile, the WPI for consumer goods recorded a 0.4 percent increase from the previous month.

Based on data from the Central Bureau of Statistics (BPS), the WPI for raw materials fell to 136.86 in July 2017 compared to 137.0 in the previous month. The WPI for the industrial goods/sector decreased by 0.31 percent, the agricultural sector increased by 0.3 percent, and the mining and quarrying sector increased by 0.1 percent. Imported raw materials remained stagnant. Furthermore, the WPI for capital goods in the agricultural sector also fell by 2.93 percent, the industrial sector fell by 0.09 percent, and the mining and quarrying sector remained stagnant. Imported capital goods decreased by 0.53 percent.

Meanwhile, the WPI for consumer goods in the agricultural sector in July 2017 increased by 1.12 percent from the previous month. Similarly, the WPI for the mining and quarrying sector increased by 0.2 percent, the industrial sector increased by 0.03 percent, and imported consumer goods also increased by 0.21 percent.