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India's WPI inflation slows down to 3.57% in Sept 2016
Oct '16
India's annual rate of inflation, based on monthly wholesale price index (WPI), slowed down to 3-month low of 3.57 per cent for September 2016 over corresponding month of the previous year. Build up inflation rate in the financial year 2016-17 so far stood at 4.28 per cent compared to a build up rate of 0.23 per cent in the same period of the 2015-16.

Annual rate of inflation was 3.74 per cent for August 2016 and minus 4.59 per cent in September 2015.

Meanwhile, the official WPI for all commodities (Base: 2004-05 = 100) for the month of September, 2016 declined by 0.2 per cent to 182.8 from 183.1 for the previous month, according to the provisional data released by the Office of the Economic Adviser, ministry of commerce and industry.

The index for manufactured products (weight 64.97 per cent) for September, 2016 rose by 0.3 per cent to 157.1 from 156.7 for the previous month. The index for textiles sub-group also rose by 0.1 per cent to 142.2 from 142.1 for the previous month due to higher price of jute yarn (1 per cent). However, the price of tyre cord fabric and gunny and hessian cloth (4 per cent each), jute sacking cloth (2 per cent) and jute sacking bag (1 per cent) declined.

The index for primary articles (weight 20.12 per cent) declined by 1.9 per cent to 263.9 from 268.9 for the previous month. On the other hand, the index for fuel and power (weight 14.91 per cent) rose by 1.8 per cent to 185.4 from 182.2 for the previous month due to higher prices of furnace oil, petrol, high speed diesel, kerosene, and bitumen.

Meanwhile, the all-India consumer price index (CPI) on base 2012=100 stood at 4.31 (provisional) in September, 2016 compared to 5.05 (final) in August, 2016 and 4.41 in September, 2015, according to the Central Statistics Office, ministry of statistics and programme implementation. (RKS)

Fibre2Fashion News Desk – India

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