WPI-based inflation at -2.65% in April 2015

14 May '15

2 min read

The annual rate of inflation, based on monthly wholesale price index (WPI), stood at minus 2.65 per cent for April 2015 (over April 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 2.33 per cent for March 2015 and 5.55 per cent during April 2014. Build up inflation rate in the financial year 2014-15 remained negative and was at minus 0.06 per cent compared to a build up rate of 0.28 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 April, 2015 declined by 0.1 per cent to 176.0 from 176.1 for the previous month.

The index for manufactured products (weight 64.97 per cent) for April, 2015 declined by 0.1 per cent to 153.8 from March 2015’s level of 153.9. However, the index for textiles sub-group rose by 0.3 per cent to 140.3 from 139.9 for the previous month due to higher price of man-made fibre (3 per cent), jute sacking cloth (2 per cent) and jute sacking bag and jute yarn (1 per cent each). However, the price of tyre cord fabric (2 per cent) and cotton yarn and cotton fabric (1 per cent each) declined.

The index for primary articles (weight 20.12 per cent) rose by 0.9 per cent to 241.8 from 239.6 for the previous month. On the other hand, the index for fuel and power (weight 14.91 per cent) declined by 1.7 per cent to 184.2 from 187.3 for the previous month due to lower price of furnace oil, petrol, high speed diesel, aviation turbine fuel and electricity.

Meanwhile, the all-India consumer price index (CPI) on base 2012=100 stood at 4.87 (provisional) in April, 2015 compared to 5.25 in March, 2015 and 8.48 in April, 2014, according to the Central Statistics Office, Ministry of Statistics and Programme Implementation. (RKS)

Fibre2fashion News Desk - India

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