Nov WPI Inflation At -1.99% Vs -3.81%

Business

oi-Sunil

By Sunil Fernandes

Published: Monday, December 14, 2015, 12:18 [IST]

India's Whole Sale Price Index (WPI Inflation) for Nov was placed at -1.99 per cent vs -3.81 per cent, which was a rise over the Oct month.

The build up inflation rate in the financial year so far was 0.85% compared to a build up rate of 0.50% in the corresponding period of the previous year.

The WPI Inflation was largely in line with expectations, though analysts would now keenly watch the CPI inflation data that is due later today.

Primary articles index, which has a significant weightage in the total index, rose by 2.3 percent due to higher price of fish-inland, urad, egg and moong.

The index for ‘Non-Food Articles' group rose by 0.5 percent due to higher price of niger seed and flowers (10% each), raw jute (8%), rape & mustard seed and raw wool (5% each), mesta (4%), fodder (3%), sunflower (2%) and castor seed (1%).

The index for ‘Minerals' group declined by 2.2 percent. The index for manufactured products, which has a wight of almost 69 per cent declined by 0.2 percent.

Meanwhile, there was no significant movement in the markets, following the WPI data, which was largely in line with the markets.

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