India's inflation rate for September at (-) 4.54 percent
New Delhi October 15, 2015 (IANS): India's annual wholesale inflation for
September firmed up slightly at (-) 4.54 percent from (-)4.95 percent
for the previous month, official data released on Wednesday showed.
The annual inflation rate, based on the official wholesale price index
(WPI), was ruling at 2.38 percent in September, last year. The slight firmness was attributed to rising prices of onions, pulses,
milk, egg, meat and fish, which have continued to hit household budgets.
The data furnished by the Ministry of Commerce and Industry, revealed a revised rate of the headline inflation for July. The WPI inflation was
revised lower to (-) 4.00 percent from (-) 4.05 percent which was reported on August 14, this year.
For the last six months, the revised WPI data has been (-)0.95 percent in January, (-)2.06 percent in February to (-)2.33 percent in March to
(-)2.43 percent in April, (-)2.20 percent in May, (-)2.13 percent in June and (-)4.00 percent in July.
The data revealed that among the three major sub-indices of the WPI, the inflation rate for primary articles and manufactured products inched up
by 0.4 percent and 0.1 percent, respectively.The index for fuels and power, meanwhile, slipped by 1.7 percent.
The final rate of inflation for the three sub-indices for last month stood at primary articles (-)2.09 percent, manufactured products (-)1.73
percent and fuel and power (-)17.71 percent.
However, food inflation in the month under review edged up by 0.69
percent from a decline of 1.13 percent recorded in August and 3.68
percent in the corresponding month of last year.
During the month under review, some commodities of mass consumption
continued to upset household budgets and notable among them was onion,
whose price was higher by as much as 113.70 percent over the like month
of the previous year. Pulses were dearer by 38.56 percent.
Other protein-rich food items such as milk, eggs, meat and fish recorded
modest price increases. On a year-on-year (YoY) basis, milk was costly
by 2.16 percent while eggs, meat and fish prices rose by 2.02 percent.
Inflation falls to -4.05 pc in July
August 15, 2015: The wholesale price inflation (WPI) fell to a historic low of -4.05 per cent in July, compared to -2.4 per cent in June.
This marks the ninth straight month of contraction in wholesale prices, and follows consumer price index (CPI) inflation slowing to
3.8 per cent in July from 5.4 per cent in June. The contraction in WPI can be attributed largely to falling food and commodity prices.
Primary articles inflation contracted further in July, coming in at -3.7 per cent compared to -0.8 per cent in June, marking the third consecutive month of contraction.
Within primary articles, food articles inflation contracted to -1.16 per cent compared to 2.2 per cent in June. Vegetable prices in particular saw a sharp contraction, coming in at -24.5 per cent in
July as against -7.1 per cent in June. Food inflation as measured in the CPI also slowed in July, from 5.5 per cent in June to 2.15 per cent in July.
Manufactured products inflation, with a weightage of 65 per cent in the WPI, fell to -1.5 per cent in July from -0.8 per cent in June.
This comes on top of the manufacturing component of the Index of Industrial Production growing 4.6 per cent in June, the latest release.
Inflation in the fuel and power group continued its sharp contraction, coming in at -12.8 per cent in July compared to -10 per cent in June.
RBI Governor Raghuram Rajan had said, following the monetary policy announcement on August 4, that the central bank may consider a rate
cut outside of the policy cycle if the situation demands it. The next policy review meeting is scheduled on September 29. - Agencies
Wholesale inflation at (-)2.4% in June
NEW DELHI, July 15, 2015: Deflationary trends continued for the eighth month in a row
in June with the wholesale price- inflation slipping to (-)2.4 per cent, largely due to cheaper vegetable and fuel prices.
The overall Wholesale Price Index (WPI) based inflation was (-)2.36 per
cent in May, the government data showed today. It has been in the negative zone since November 2014. A year ago in June 2014, inflation was 5.66 per cent.
The data come a day after the retail inflation for the same month rose to an 8-month high of 5.4 per cent. Experts said the conflicting data
would make it difficult to predict the next course of action for RBI, which has cut its rates three times so far this year.
RBI mostly tracks the consumer price inflation for its monetary policy decision, and its next review is due on August 4. The central bank has
said it would watch out for the data, including inflation, and the monsoon progress before any change in its policy rates.
Last month, rate of price rise for food items, especially wheat, fruits
and milk eased at the wholesale level. Overall wholesale inflation in food category declined to 2.88 per cent compared with 3.80 per cent in May.
However, vegetable prices declined 7.07 per cent, with potato prices
slumping 52.40 per cent. However, pulses got dearer by 33.67 per cent as against 22.84 per cent in the previous month.
Inflation in fuel and power category stood at (-)10.3 per cent in June. The manufactured products index inflation was (-)0.77 per cent as
against (-)0.64 per cent last month. Prices eased for cement, non-metallic mineral products and transport equipment and parts. Source: PTI
Wholesale inflation at (-)2.36% in May
New Delhi, June 16, 2015: Wholesale price inflation stayed in the negative zone for the seven consecutive month in May, at -2.36%, compared with -2.65% in April, when
it had dropped to its lowest level in the current inflation series, with price rise in food items slowing down further despite persistent worries about a monsoon failure this year.
The data, released on Monday, came on the back of a marginal uptick in
retail inflation to 5.01% in May from a four-month low of 4.87% in the previous month and industrial production growth hitting 4.1% in April from 2.5% in the previous month.
Despite the drop in wholesale price food inflation to 3.80% in May, compared with 5.73% in the previous month, analysts sought to wait until
August to gauge the actual underlying price pressure in food items once the conducive base effect wanes. Although food inflation eased in both
the wholesale price index (WPI) and consumer price index (CPI) in May from the previous month, partly aided by a commodity crash globally, it came off favourable bases (food inflation was 9.63% in WPI and 8.89% in CPI in May 2014).
Core WPI inflation slowed down for the seventh straight month to -0.6% in May from -0.4% in the previous month, suggesting a rebound in demand
is still far away. It had hit the negative territory in March after a gap of 65 months, although analysts believe the RBI may not read too much into it. -PTI