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Wholesale Inflation Eases To 0%

Build up inflation rate in the financial year so far was 0.67% compared to a build up rate of 6.70% in the corresponding period of the previous year.

The index for  ‘Food Articles’  group declined by 0.4 percent to 257.5 from 258.5 for the previous month due to lower price of bajra and tea (4% each), ragi and fruits & vegetables (3% each), maize (2%) and barley, poultry chicken, jowar, rice and gram (1% each). However, the price of moong (6%), fish-inland (5%), egg (4%), coffee and mutton (3% each), fish-marine (2%) and wheat, arhar and condiments & spices (1% each) moved up.

The index for  ‘Non-Food Articles’  group declined by 0.7 percent to 208.5 from 210.0 for the previous month due to lower price of guar seed and niger seed (6% each), sunflower (5%), copra (coconut) (4%), cotton seed, raw rubber and safflower (kardi seed) (3% each), groundnut seed, raw cotton and gingelly seed (sesamum) (2% each) and flowers and raw wool (1% each).