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India's WPI-based inflation at -2.06% in February 2015
17
Mar '15
The annual rate of inflation, based on monthly wholesale price index (WPI), stood at minus 2.06 per cent for February 2015 (over February 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 0.39 per cent for January 2015 and 5.03 per cent during February 2014. Build up inflation rate in the financial year 2014-15 remained negative and was at minus 2.5 per cent compared to a build up rate of 5.53 per cent in the corresponding period of the previous year.
 
Likewise, the official WPI for all commodities (Base: 2004-05 = 100) for the month of February, 2015 declined by 1.4 per cent to 175.8 form 178.3 for the previous month.
 
The index for manufactured products (weight 64.97 per cent) for February, 2015 declined by 0.3 per cent to 154.1 from January 2015’s level of 154.5. The index for textiles sub-group also declined by 0.2 per cent to 140.2 from 140.5 for the previous month due to lower price of tyre cord fabric (5 per cent) and cotton fabric, manmade fabric, manmade fibre and woollen textiles (1 per cent each). However, the price of jute sacking bag (3 per cent), jute sacking cloth and gunny and hessian cloth (2 per cent each) and jute yarn and cotton yarn (1 per cent each) moved up.
 
The index for primary articles (weight 20.12 per cent) declined by 1.9 per cent to 241.9 from 246.6 for the previous month. The index for fuel and power (weight 14.91 per cent) dropped by 4.4 per cent to 181.3 from 189.7 for the previous month due to lower prices of furnace oil, aviation turbine fuel and bitumen, high speed diesel, petrol, kerosene and LPG
 
Meanwhile, the all-India consumer price index (CPI) on base 2012=100 stood at 5.37 in February, 2015 compared to 5.19 in January, 2015 and 7.88 in February, 2014, according to the Central Statistics Office, ministry of statistics and programme implementation. (RKS)
 

Fibre2fashion News Desk - India


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