WPI inflation for mfg products down by 0.1%
Updated: May 14, 2015 12:23:34pm
The annual rate of inflation, based on monthly WPI, stood at -2.65 per cent for the month of April, 2015 (over April, 2014) as compared to -2.33 per cent for the previous month and 5.55 per cent during the corresponding month of the previous year.
WPI inflation for 'Beverages, Tobacco & Tobacco Products' group rose by 0.1 percent due to higher price of dried tobacco.
'Textiles' group inflation rose by 0.3 percent due to higher price of man-made fibre (3%), jute sacking cloth (2%) and jute sacking bag and jute yarn (1% each). However, the price of tyre cord fabric (2%) and cotton yarn and cotton fabric (1% each) declined.
The index for 'Wood & Wood Products' group rose by 1.6 percent due to higher price of plywood & fibre board (2%) and timber / wooden planks and processed wood (1% each).
Meanwhile, index for 'rubber & Plastic Products' group declined by 0.2 per cent due to lower price of tubes (2%). 'Machinery & Machine Tools' group inflation declined by 0.3 per cent. (KNN Bureau)