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India's WPI inflation at 1.62% in June 2016
14
Jul '16
India's annual rate of inflation, based on monthly wholesale price index (WPI), stood at 1.62 per cent for June 2016 (over June 2015), 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 0.79 per cent for May 2016 and minus 2.13 per cent during June 2015. Build up inflation rate in the financial year 2016-17 so far was 3.82 per cent compared to a build up rate of 1.70 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 June, 2016 rose by 1.4 per cent to 182.0 from 179.4 for the previous month.

The index for manufactured products (weight 64.97 per cent) for June, 2016 rose by 0.2 per cent to 156.0 from 155.7 for the previous month. The index for textiles sub-group also rose by 0.2 per cent to 140.9 from 140.6 for the previous month due to higher price of gunny and hessian cloth (2 per cent), tyre cord fabric, jute yarn, jute sacking cloth and cotton yarn (1 per cent each).  However, the price of man-made fabric and jute sacking bag (1 per cent each) declined.

The index for primary articles (weight 20.12 per cent) rose by 2.9 per cent to 262.8 from 255.3 for the previous month. On the other hand, the index for fuel and power (weight 14.91 per cent) rose by 3.4 per cent to 186.5 from 180.3 for the previous month due to higher prices of furnace oil, aviation turbine fuel, high speed diesel, petrol, kerosene and LPG.

Meanwhile, the all-India consumer price index (CPI) on base 2012=100 stood at 5.77 (provisional) in June, 2016 compared to 5.76 in May, 2016 and 5.40 in June, 2015, according to the Central Statistics Office, ministry of statistics and programme implementation. (RKS)

Fibre2Fashion News Desk – India

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