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India's WPI-based inflation at -4.54% in September 2015
14
Oct '15
India's annual rate of inflation, based on monthly wholesale price index (WPI), stood at minus 4.54 per cent for September 2015 (over September 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 4.95 per cent for August 2015 and 2.38 per cent during September 2014. Build up inflation rate in the financial year 2014-15 so far was 0.28 per cent compared to a build up rate of 2.61 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 September, 2015 declined by 0.1 per cent to 176.6 from 176.7 for the previous month.

The index for manufactured products (weight 64.97 per cent) for September, 2015 rose by 0.1 per cent to 153.3 from August 2015's level of 153.1. The index for textiles sub-group, declined by 0.4 per cent to 140.1 from 140.6 for the previous month due to lower price of man-made fibre, man-made fabric and cotton yarn (1 per cent each). However, the price of jute sacking bag (6 per cent), gunny and hessian cloth (4 per cent), jute sacking cloth (3 per cent) and jute yarn (2 per cent) moved up.

The index for primary articles (weight 20.12 per cent) rose by 0.4 per cent to 252.4 from 251.5 for the previous month. On the other hand, the index for fuel and power (weight 14.91 per cent) declined by 1.7 per cent to 175.6 from 178.7 for the previous month due to lower price of aviation turbine fuel, furnace oil, petrol, high speed diesel, bitumen, kerosene, and electricity (industry).

Meanwhile, the all-India consumer price index (CPI) on base 2012=100 stood at 4.41 (provisional) in September, 2015 compared to 3.74 in August, 2015 and 5.63 in September, 2014, according to the Central Statistics Office, Ministry of Statistics and Programme Implementation. (RKS)

Fibre2Fashion News Desk – India

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