Sept 2015 WPI Inflation At -4.54% Vs -4.95% In August

Published: Wednesday, October 14, 2015, 12:15 [IST]

The Wholesale Price Inflation (WPI Inflation) for the month of September 2015 was placed at -4.54 per cent, as compared to -4.95% for the previous month of August 2015.

The build-up inflation rate in the financial year so far was 0.28% compared to a build up rate of 2.61% in the corresponding period of the previous year.

Sept 2015 WPI Inflation At -4.54% Vs -4.95% In August

The primary articles index, which has a heavyweight in the WPI Index, saw 'Food Articles' group rise by 0.6 percent due to higher price of arhar (6 per cent), fish-inland (4 per cent), pork, bajra, gram and urad.

The fuel and power index declined by 1.7 percent, due to lower aviation turbine fuel and furnace oil. The WPI inflation has shown a marginal rise for the month of Sept and the same was expected, given the fact that CPI inflation as well, which was released on Monday, showed an uptrend.

The WPI inflation does not assume much significance since the Reserve Bank of India closely monitors data pertaining to CPI inflation, to decide on its monetary policy.

Today's, WPI inflation was more or less on expected lines.

GoodReturns.in

Story first published: Wednesday, October 14, 2015, 12:15 [IST]

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