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India's WPI inflation rises 0.34% in April
16
May '16
Wholesale prices in India rose 0.34 per cent year-on-year in April, a sizeable change from the 0.85 per cent contraction seen in March, and the 0.23 per cent drop forecast by economists. Build up inflation rate in the financial year so far was 1.37 per cent compared to a build up rate of 0.17 per cent in the corresponding period of the previous year, the Commerce Ministry said in a press release.

Wholesale prices had been shrinking for the past 17 months, thanks partly to the fall in oil prices.

The index for 'Textiles' group rose by 0.1 per cent to 139.9 (provisional) from 139.8 (provisional) for the previous month due to higher price of cotton yarn, jute sacking bag and jute sacking cloth (1 per cent each). However, the price of gunny and hessian cloth and man-made fibre (1 per cent each) declined.

The index for 'Leather & Leather Products' group declined by 0.2 per cent to 145.7 (provisional) from 146.0 (provisional) for the previous month due to lower price of leathers (1 per cent).

According to the data, inflation in primary articles rose by 2.1 per cent month-on-month. (SH)

Fibre2Fashion News Desk – India

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