India Inflation Rate Down to 4.9% in April


The annual rate of inflation, based on monthly WPI, stood at 4.89 percent for the month of April 2013 (over April 2012) as compared to 5.96 percent for the previous month and 7.50 percent during the corresponding month of the previous year. Build up inflation rate in the financial year so far was 0.53 percent compared to a build up rate of 1.55 percent in the corresponding period of the previous year.

The index for `Food Products` group rose by 0.5 percent to 165.8 from 164.9 for the previous month due to higher price of processed prawn (6 percent), tea leaf (unblended) (5 percent), oil cakes, gur and tea dust (unblended) (3 percent each), mixed spices (2 percent) and groundnut oil, cotton seed oil, sunflower oil and gola (cattle feed) (1 percent each).  However, the price of coffee powder, maida, khandsari, soyabean oil, canned fish and mustard & rapeseed oil (1 percent each) declined.
 
The index for `Beverages, Tobacco and Tobacco Products` group rose by 1.7 percent to 181.2 from 178.1 for the previous month due to higher price of cigarette (8 percent) and dried tobacco (1 percent). The index for `Textiles` group rose by 0.7 percent to 133.6 from 132.7 for the previous month due to higher price of cotton yarn (2 percent) and gunny and hessian cloth and woollen textiles (1 percent each).
 
The index for `Basic Metals, Alloys and Metal Products` group declined by 0.3 percent to 164.3  from 164.8  for the previous month due to lower price of silver and lead (4 percent each), gold and gold ornaments (3 percent) and slab, crc, zinc, rounds, wire rods, melting scrap and iron castings (1 percent each). However, the price of iron chrome (2 percent) and iron and steel wire, steel castings, pipes/tubes/rods/strips, manganese, pencil ingots and sponge iron (1 percent each) moved up.
 

Ministry of Commerce and Industry | Nuno Fontes | nuno@tradingeconomics.com
5/14/2013 8:45:32 AM