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India’s monthly inflation rate falls in Septmeber

India’s annual rate of inflation, based on the monthly wholesale price index (WPI), declined to 2.60 per cent for September 2017 over the same month last year. The WPI for all commodities for the month of September 2017 declined by 0.4 per cent to 114.3 from 114.8 for the previous month.

The index for manufactured products for September 2017 rose by 0.4 per cent to 113.4 from 112.9 for the previous month. The index for the textiles sub-group rose by 0.6 per cent for the previous month due to higher price of texturised and twisted yarn and weaving and finishing of textiles, manufacture of cordage, rope, twine and netting and cotton yarn. However, the price of viscose yarn and manufacture of knitted and crocheted fabrics declined.

The index for primary articles declined by three per cent from the previous month. On the other hand, the index for fuel and power rose by 1.7 per cent from the previous month due to higher price of LPG, naptha, ATF, petrol, kerosene, HSD, furnace oil, and bitumen. However, the price of petroleum coke declined.

The index for Manufacture of Wearing Apparel sub-group rose by 0.1 per cent in September 2017 from the previous month due to higher price of trousers/pants made of cotton and/or manmade fiber.

 
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