India’s annual rate of inflation, based on monthly wholesale price index (WPI), stood at minus 4.05 per cent for July 2015 (over July 2014), according to the provisional data released by the Office of the Economic Adviser, Ministry of Commerce and Industry.
In comparison, annual rate of inflation was minus 2.40 per cent for June 2015 and 5.41 per cent during July 2014. Build up inflation rate in the financial year 2014-15 so far was 0.80 per cent compared to a build up rate of 2.61 per cent in the corresponding period of the previous year.
Meanwhile, the official WPI for all commodities (Base: 2004-05 = 100) for the month of July, 2015 declined by 0.6 per cent to 177.5 from 178.6 for the previous month.
Meanwhile, the all-India consumer price index (CPI) on base 2012=100 stood at 3.78 (provisional) in July, 2015 compared to 5.40 in June, 2015 and 7.39 in July, 2014, according to the Central Statistics Office, Ministry of Statistics and Programme Implementation. (RKS)