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India's WPI-based inflation at -3.81% in October
16
Nov '15
India's annual rate of inflation, based on monthly wholesale price index (WPI), stood at minus 3.81 per cent for October 2015 (over October 2014), according to the provisional data released by the Office of the Economic Adviser, Ministry of Commerce and Industry.

In comparison, annual rate of inflation was minus 4.54 per cent for September 2015 and 1.66 per cent during October 2014. Build up inflation rate in the financial year 2014-15 so far was 0.34 per cent compared to a build up rate of 1.89 per cent in the corresponding period of the previous year.

Meanwhile, the official WPI for all commodities (Base: 2004-05 = 100) for the month of October, 2015 rose by 0.1 per cent to 176.7 from 176.6 for the previous month.

The index for manufactured products (weight 64.97 per cent) for October, 2015 remained unchanged at its previous month's level of 153.3. The index for textiles sub-group, declined by 0.5 per cent to 139.4 from 140.1 for the previous month due to lower price of tyre cord fabric ( 3 per cent), and cotton yarn, man-made yarn, man-made fibre and jute sacking bag (1 per cent each). However, the price of gunny and hessian cloth (2 per cent) and jute sacking cloth (1 per cent) moved up.

The index for primary articles (weight 20.12 per cent) also remained unchanged at its previous month level of 252.4. On the other hand, the index for fuel and power (weight 14.91 per cent) rose by 0.5 per cent to 176.4 from 175.6 for the previous month due to higher price of aviation turbine fuel and high speed diesel. However, the price of bitumen, furnace oil and LPG declined.

Meanwhile, the all-India consumer price index (CPI) on base 2012=100 stood at 5.00 (provisional) in October, 2015 compared to 4.41 in September, 2015 and 4.62 in October, 2014, according to the Central Statistics Office, Ministry of Statistics and Programme Implementation. (RKS)

Fibre2Fashion News Desk – India


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