India's WPI-based inflation at 3.74% in August 2014

15 Sep '14

2 min read

The annual rate of inflation, based on monthly Wholesale Price Index (WPI), in India, stood at 3.74 percent (provisional) for the month of August, 2014, (over August, 2013) as compared to 5.19 percent (provisional) for the previous month and 6.99 percent during the corresponding month of the previous year, as per the data released by the Office of the Economic Advisor, Ministry of Commerce and Industry, Government of India.

The official WPI for ‘All Commodities’ (Base: 2004-05 = 100) for the month of August, 2014 rose by 0.6 percent to 185.7 (provisional) from 184.6 (provisional) for the previous month, the data showed.

Build up inflation rate in the financial year so far was 3.00 percent compared to a build up rate of 5.23 percent in the corresponding period of the previous year.

The index for Primary Articles group (Weight 20.12%) rose by 2.0 percent to 261.7 (provisional) in August, 2014 from 256.6 (provisional) for the previous month. On the other hand, the index for Fuel & Power (Weight 14.91%) declined by 0.3 percent to 214.0 (provisional) from 214.7 (provisional) for the previous month.

The index for Manufactured Products (Weight 64.97%) rose by 0.3 percent to 155.8 (provisional) from 155.4 (provisional) for the previous month. This included the index for the ‘Textiles’ group, which rose by 0.1 percent to 144.2 (provisional) from 144.1 (provisional) for the previous month due to higher price of tyre cord fabric (4%), jute sacking cloth and man-made fabric (2% each) and jute yarn and man-made fibre (1% each). However, the price of gunny and hessian cloth (4%) and cotton yarn and jute sacking bag (1% each) declined. (RKS)

Fibre2fashion News Desk - India

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