India WPI Deflation Eases in September

Indian wholesale prices fell 4.54 percent year-on-year in September of 2015, slowing from a 4.95 percent drop in the previous month as a rise in prices of food offset a further decline in cost of petrol. The wholesale inflation has been in negative territory since November of 2014.

Year-on-year, petrol prices dropped by 14.78 percent, following a 13.26 percent decline in the previous month and cost of diesel decreased by 28.06 percent, following a 24.54 percent fall in August.

Food prices increased 0.69 percent, following a 1.13 percent fall in a month earlier. Among food prices, onion recorded the highest increase (+113.70 percent), followed by pulses (+38.56 percent); egg, meat & fish (+2.02 percent), milk (+2.16 percent) and wheat (+3.34 percent). In contrast, potatoes dropped the most (-57.34 percent), fibres (-6.95 percent), fruits (-5.30 percent), rice (-3.64 percent) and cereals (-1.02 percent). 

In September, cost of manufactured products declined by 1.73 percent, as compared to a 1.92 percent fall in the previous month.

On a monthly basis, wholesale prices declined by 0.1 percent, following a 0.5 percent drop in August.

India WPI Deflation Eases in September

Office of the Economic Adviser l Rida Husna |
10/14/2015 12:14:53 PM