WPI-based inflation at -2.36% in May 2015

15 Jun '15

2 min read

India’s annual rate of inflation, based on monthly wholesale price index (WPI), stood at minus 2.36 per cent for May 2015 (over May 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 2.65 per cent for April 2015 and 6.18 per cent during May 2014. Build up inflation rate in the financial year 2014-15 so far was 0.91 per cent compared to a build up rate of 0.94 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 May, 2015 rose by 1.0 per cent to 177.7 from 176.0 for the previous month.

The index for manufactured products (weight 64.97 per cent) for May, 2015 rose by 0.2 per cent to 154.1 from April 2015’s level of 153.8. However, the index for textiles sub-group declined by 0.1 per cent to 140.1 from 140.3 for the previous month due to lower price of tyre cord fabric (5 per cent), man-made fibre (2 per cent) and cotton yarn (1 per cent). However, the price of jute sacking bag, woollen textiles and cotton fabric (1 per cent each) moved up.

The index for primary articles (weight 20.12 per cent) rose by 1.3 per cent to 244.9 from 241.8 for the previous month. The index for fuel and power (weight 14.91 per cent) also rose by 3.0 per cent to 189.8 from 184.2 for the previous month due to higher price of furnace oil, petrol, high speed diesel, bitumen and electricity.

Meanwhile, the all-India consumer price index (CPI) on base 2012=100 stood at 5.01 (provisional) in May, 2015 compared to 4.87 in April, 2015 and 8.33 in May, 2014, according to the Central Statistics Office, Ministry of Statistics and Programme Implementation. (RKS)

Fibre2fashion News Desk - India

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