Inflation: India’s Inflation slipped slightly to 0.7% for the week-ended September 26 as against 0.83% (WoW). The Wholesale Price Index (WPI) for all commodities too fell 0.1% to 243 (WoW).

Primary articles were up 0.1%

Manufacturing products down 0.2% (WoW)

Fuel group was down 0.1% (WoW)

Inflation: India’s inflation for the week ended August 8 rose slightly to -1.53 percent against -1.74 percent in the previous week.

Inflation in the corresponding week previous year was 12.82 percent.

Prices of food articles continued to rise over the previous week. Bajra and urad prices rose by two per cent each, and condiments and spices, arhar, and fruit and vegetables became more expensive by one per cent.

However, the prices of jowar came down by four per cent, barley by two per cent, and moong by one per cent.

India’s inflation declined to -1.61 %. Inflation turned negative 1.61 for the first time in 30 years but the prices of food items like fruit and vegetables, cereals and oil were still higher than last year.

With the wholesale price index shrinking to 232.7 points for the week ended June 6 from 236.5 in the same week a year ago, India possibly is the only major economy moving into a deflationary zone though the European region is near zero level due to recessionary pressures.

The stock markets immediately welcomed the development and jumped by about 200 points from the morning lows as market analysts expect this to help further ease the monetary policy restrictions and pave the way for cut in banks’ lending rates.

Releasing the wholesale price data, the government said ‘the annual rate of inflation, calculated on a point to point to basis stood at minus 1.61 per cent for the week ended June 6 as compared to 0.13 per cent for the previous week and 11.66 per cent during the corresponding week of previous year’.

However, food articles were costlier by 8.7 per cent from the comparable week last year as pulses moved up 17 per cent, cereals 13.5 per cent, and fruit and vegetables 10 per cent.

The dip was on account of a fall in fuel prices as international crude oil is now ruling around $70 a barrel against over $140 a barrel during the year-ago period.

As a result, the fuel index slipped by 13 per cent compared to the corresponding week a year ago.

However, furnace oil and naphtha turned expensive by 7 per cent each and diesel oil was dearer by 4 per cent.

Inflation fell to sub-zero level despite rising food prices, which analysts feel is not good for the economy.

It is not very positive for the economy, particularly the manufacturing sector . . . inflation dipped to below zero level in 1975, the emergency days,” said ICRIER consultant Mathew Joseph.

He further said that as the RBI cannot do much about falling inflation, ‘the government in the Budget should push reforms to restore the confidence of industries and initiate steps to generate overall demand”.

India’s Inflation declined to 0.13 percent for the week ended May 30, lower than previous week’s annual rise of 0.48 per cent, government data showed on Thursday.

The annual inflation rate was 9.32 per cent during the corresponding week of the previous year.

The wholesale price index is more closely watched than the consumer price index, which is published monthly, because it covers a higher number of products and is released weekly.

India’s Inflation rose 0.48% in the 12 months to May 23, lower than previous week’s annual rise of 0.61 percent, government data showed on Thursday.

The annual inflation rate was 8.90 percent during the corresponding week of the previous year.

The wholesale price index rose to 232.3 points in the week ended May 23 from 232.2 a week earlier.

India’s Inflation rose 0.61 percent for the week ended on May 16, matching the previous week’s annual rise, government data showed on Thursday.

The annual inflation rate was 8.66 per cent during the corresponding week of the previous year.

The wholesale price index is more closely watched than the consumer price index, which is published monthly, because it covers a higher number of products and is released weekly.

India’s Inflation rose to 0.70% for the week ended April 25, 2009, above the previous week’s Inflation of 0.57%, government data showed on Friday.

The annual inflation rate was 8.27 percent during the corresponding week of the previous year.

The wholesale price index is more closely watched than the consumer price index, which is published monthly, because it covers a higher number of products and is released weekly.

INFLATION: India’s Inflation rose 0.26 percent on the week ended April 11 as compared to the previous week’s Inflation at 0.18 percent, government data showed on Thursday.

The annual inflation rate was 7.95 per cent during the corresponding week of the previous year.

Wholesale Price Index (WPI) for all commodities is up 0.3% at 228.8 WoW.

In internals, primary articles was up 0.5%, while manufacturing products was up 0.2% WoW. The fuel group remained unchanged.

India’s Inflation declines to 0.18 percent for the week ended on April 4 as compared to previous week’s Inflation of 0.26 per cent, government data showed on Thursday.

The annual inflation rate was 7.71 per cent during the corresponding week of the previous year.

Wholesale Price Index (WPI) for all commodities was up 0.4%, At 228.2 on week-on-week (WoW) basis. Primary articles were up 1.1% (WoW), whereas, manufacturing products climbed 0.1% (WoW). Fuel Group was up 0.5% (WoW) and Jet Fuel Price was up 12% (WoW). Naphtha rose 8%.

INFLATION: India’s Inflation rose to 0.31 percent for March 21, marginally above the previous week’s Inflation of 0.27 percent, government data showed on Thursday.

- The annual inflation rate was 7.85 percent during the corresponding week of the previous year.  

- Central bank governor Duvvuri Subbarao has said there was no concern about India getting into a deflationary cycle, and said the current challenge was to stem the economic slowdown.

- The wholesale price based-inflation rate has fallen sharply since peaking at 13 percent in August.

- Annual consumer price inflation in February was 9.63 percent, as prices of food products remain firm.

- Since October, the central bank has cut its key lending rate by 400 basis points, while the government has announced spending measures and cut some taxes and duties to revive demand and boost faltering growth.

- India has also cut fuel prices twice since December, helping the inflation rate to fall quickly.

- Annual inflation for the week ended Jan. 24 was revised to 4.70 percent from 5.07 percent.

- The wholesale price index stood at 227.3 points in the week ended March 7.

INFLATION: The Inflation is very close to the 0% mark. Inflation for week ended March 14 declined to 0.27% compared with 0.44% week on week (WoW).

Last week, the inflation number for the March 7 week had come in at 0.44%, seeing a drastic fall from the week before, which led experts to predicting a fall below the 0% level in the near future.

WPI for all commodities is up 0.1% at 227 (WoW).

Inflation for the week ended March 07, 2009 fell to an all time low of 0.44% as compared to 2.43% a week earlier. The sharp fall in inflation was due to several factors including lower prices of food and fuel items. Annual inflation as measured by Wholesale Price Index (WPI) was at 2.42% in the week before and at 7.78% in the corresponding week last year.

The inflation for food articles eased considerably to 7.34%. It had touched a 10-year high of 11.64% in the beginning of the year. Prices of food articles for the week ended March 7 touched the lowest since the beginning of the year.

The sharp fall in annual inflation as measured by fuel index was due to fall in prices of jet fuel and electricity for agriculture each of which fell by 8%. The fuel prices are currently witnessing negative inflation to the range of 6% and are expected to dip further into negative territory. Now we have a high chance of a negative inflation called deflation.

Inflation: Inflation for week ended February 14, 2009 declined at 3.36% as compared to 3.92% the week earlier. The inflation numbers are in line with the street expectations.

Wholesale Price Index (WPI) for all commodities declined by 0.1% to 227.8 a week earlier and December 20 WPI revised to 5.91% from 6.38%.

Inflation for the week ended February 7, 2009 drop down to 3.92% as compared to 4.39% a week earlier. Last year Inflation hit double digits and from August 2008 onwards Inflation is steadily declining.

The WPI (Wholesale Price Index) numbers for commodities which has major role in Inflation came down by 0.2% at 228 as compared to a week earlier. Manufactured items were down by 0.4% as compared to a week earlier.

Inflation for the week- ended January 24, 2009 has declined to 5.07% as compared to 5.64%. Last two weeks it went up due to truckers strike.

Wholesale Price Index (WPI) for all commodities is down by 0.2% and manufactured products are down by 0.5% as compared to last week.

Inflation for the week ended January 31, 2009 may see further small numbers as recent fuel price cut will be reflected in that inflation numbers.