India WPI Inflation Falls to New Five-Year Low in September


Indian annual wholesale price inflation was recorded at 2.38 percent in September of 2014, slowing from a 3.74 percent increase in August. It is the lowest rate since October of 2009, mainly due to a fall in prices of food and petrol.

Year-on-year, food prices rose 3.52 percent in September, down from a 5.15 percent increase in August. Among food prices, the biggest increases were reported for cost of: potatoes (+90.23 percent), fruits (+20.95 percent) and milk (+11.55 percent). In contrast, vegetable cost fell 14.98 percent, prices of egg, meat and fish dropped 4.12 percent and onion cost decreased 58.12 percent. 

In September, cost of manufactured products grew by 2.84 percent from 3.45 percent in the previous month. Petrol prices fell 9.42  percent, while cost of diesel increased by 10.1 percent.

Wholesale Price Index for July of 2014 was revised up to 5.41 percent  from 5.19 percent.

On a monthly basis, wholesale prices declined 0.4 percent, following a 0.6 percent increase in August. 

India WPI Inflation Falls to New Five-Year Low in September


Office of Economic Adviser l Rida l rida@tradingeconomics.com
10/14/2014 9:14:57 AM