Consumer Price Index for Nov '16 reveals a decrease of 3.63%
The Dollar Business Bureau (Sourced from PTI) The government revealed today that the consumer price index (CPI) for the month of November 2016 has seen a decrease of 3.63% compared to 4.20% seen in October. The CPI was 5.41% in the same month the previous year. While the urban inflation rate (CPI) was 3.05%, the rural was 4.13% showing a marked decrease than that of November 2015 when the urban inflation rate was 4.71% and the rural 5.95%. The consumer price index in November decreased due to a sharp decline in the consumer food price index (CFPI). The CFPI in the month of November was 2.11% compared to that of October when it was 3.32%. Inflation of food and beverages which have a weightage of ...
Inflation stays negative, falls (-)0.91% in Feb
Source: PTI WPI inflation remained in the negative zone for a 16th straight month at (-)0.91 per cent in February as food articles, mainly vegetables and pulses turned cheaper. The Wholesale Price Index-based inflation was (-)0.9 per cent in January. In February last year, it was (-)2.17 per cent. This is the 16th straight month since November 2014 when deflationary pressure has persisted. Food inflation stood at 3.35 per cent in February compared with 6.02 per cent in January, showed official data, which was released on Monday. Inflation in pulses and onion eased to 38.84 per cent and (-)13.22 per cent, respectively. The rate of price rise in the case of vegetables was (-)3.34 per cent, and for fruits, it stood ...
Inflation declines to -3.81% in October from -4.54% in September
The Dollar Business Bureau The annual rate of inflation based on the wholesale price index (WPI) for October has reduced to -3.81% as against -4.54% recorded in September and 1.66% during the same month of last fiscal, according to the government data released on Monday. “The official Wholesale Price Index for ‘All Commodities’ (Base: 2004-05=100) for the month of October, 2015 rose by 0.1% to 176.7 (provisional) from 176.6 (provisional) for the previous month,” the government said in a statement. The wholesale price index has been witnessing downfall for the past 12 months in the wake of the slowdown in commodity prices in the international market. So far, the build-up inflation rate in the current financial year has been ...
Wholesale Price Index declines to 4.95% in August
Source: PIB, Government of India The official Wholesale Price Index for ‘All Commodities’ (Base: 2004-05=100) for the month of August, 2015 declined by 0.5% to 176.7 (provisional) from 177.5 (provisional) for the previous month. INFLATION The annual rate of inflation, based on monthly WPI, stood at -4.95% (provisional) for the month of August, 2015 (over August, 2014) as compared to -4.05% (provisional) for the previous month and 3.85% during the corresponding month of the previous year. Build up inflation rate in the financial year so far was 0.34% compared to a build up rate of 3.11% in the corresponding period of the previous year. The movement of the index for the various commodity groups is summarized below:- PRIMARY ARTICLES (Weight 20.12%) ...
Falling inflation revives hope for interest rate cut by next month
The Dollar Business Bureau The Wholesale Price Index (WPI) for July released on Friday showed negative trend for the ninth month in a row, registering a fall of 4.05% mainly due to cheaper oil and other commodities. According to the latest government data, WPI stood at -4.05% for the month of July, 2015 as compared to -2.40% for the previous month and 5.41% during the corresponding month of the previous year. The Consumer Price Index (CPI) released on Wednesday also saw a decline of 3.78% last month. Apart from the inflation data, the Index of Industrial Production (IIP) which measures the manufacturing output has also recorded growth of 3.8% during June. These figures are key indicators of the economy and form the ...
Gradual economic recovery to be led by consumption demand
The Dollar Business Bureau The gross domestic product (GDP) for the financial year (FY) 2016, will grow by 7.7% (FY15: 7.4%), driven by a further pick up in private consumption demand. Consumption demand is expected to expand 8.1% in FY16 (FY15: 7.1% and FY14: 6.2%), said a rating agency. A significant moderation in inflation and inflationary expectations is likely to boost consumer sentiments, albeit gradually. The share of private consumption demand in GDP is around 60%. Even investment and government expenditure would provide adequate support to consumption-led GDP growth, said a report by India Ratings and Research (Ind-Ra). There are conflicting views with respect to the monsoon in 2015 as Indian Meteorological Department is predicting less-than-normal monsoon and private ...
Manufacturing inflation declines further in March 2015
The Dollar Business Bureau The annual rate of inflation came in at negative 2.3% in March 2015, based on Wholesale Price Index (WPI) and a benign manufacturing inflation declined further and turned negative 0.2% in March 2015 from 0.3% in February 2015. This is the fifth consecutive month in which WPI has recorded deflation. Among the major components of WPI, primary articles and manufactured products recorded a monthly decline in inflation. Although fuel & power did not decline monthly, it is still showing a huge YoY decline (negative 12.6%) due to the collapse of commodity prices especially of oil in the global market, said an India Research & Ratings (Ind-Ra) report. The average WPI and Consumer Price Index (CPI) ...
