Inflation in India at a Five Year Low!

[Chanakya's_Chant]

September WPI inflation hits near five-year low of 2.38%​

NEW DELHI: Continuing decline in food prices, including vegetables, pulled down the September wholesale price inflationto a five year low of 2.38 per cent.

The Wholesale Price Index (WPI) based inflation was at 3.74 per cent in August and 7.05 per cent in September 2013.

As per data released by the government on Tuesday, the food inflation fell to a nearly two-and-half year low of 3.52 per cent. Food inflation is on delcine since May.

The sharp drop in WPI inflation comes just at the back of retail inflation declining to a record low of 6.46 per cent in September.

Wholesale inflation in onion contracted to 58.12 per cent in September as compared to a contraction of 44.7 per cent in the previous month.

While inflation in vegetable basket as a whole shrunk to 14.98 per cent in September, rate of price rise in potato was 90.23 per cent from 61.61 per cent in the previous month.

Reas Also: Retail inflation at record low of 6.5% in September - The Times of India

The data further revealed that inflation in milk, eggs, meat and fish continued to decline in September as well. However, there was slight increase in the prices of fruits during the period.

Inflation in manufactured products, like sugar, edible oils, beverages and cement, fell to 2.84 per cent in September as against 3.45 per cent in the previous month.

The WPI inflation declined for the fourth straight month, the data released by the government said.

Inflation in the fuel and power segment which include LPG, petrol and diesel declined to 1.33 per cent as compared to price rise of 4.54 per cent in August.

Meanwhile, wholesale inflation based on final index for July has been revised upwards to 5.41 per cent from the provisional estimate of 5.19 per cent.

The September WPI data is also provisional, the statement said.

It also said the build up inflation rate in the financial year till September was 2.61 per cent compared to a build up rate of 6.23 per cent in the same period of 2013-14.

The Reserve Bank, which has kept its key interest rate unchanged since January citing inflation pressures, is scheduled to announce its next bi-monthly monetary policy on December 2.

The central bank primarily factors Consumer Price Index while deciding on policy rate.

Source:- September WPI inflation hits near five-year low of 2.38% - The Times of India

Great News for the Economy as well as the common masses!

 

[Jayanta]

Acche din....

 

[kaykay]

Whoa!! That's good for our economy.

 

[SpArK]

Winds of ChangeS.

 

[Yeti]

Also there is low oil prices which would help India! but we really need is to attract more FDI and improve our exports.

 

[kaykay]

Heard that petrol and diesel prices are gonna be reduced again. probably because of reduced prices in international market

 

[The Great One]

Acche din....

No acche din so far. Only a positive perception, which has yet to see any concrete action on the ground. No labour reforms, no land reforms, infact they have scored a big zero on reforms. NDA is reaping some benefits of the austere 2013 budget (half-decent), and because the 2013 data got negatively impacted because of global 'taper tantrum'. Not to mention oil prices have gone down below $90/barrel and diesel subsidy is almost coming to an end (another UPA initiative).

Red Tape-Red Carpet is just a hogwash. Strangely, there hasn't been even a token lip service fighting corruption at all by the Modi sarkar.

I know it's too soon for NDA-II, but then please stop talking as if everything good has Modi's hand behind it.

 

[Bong]

I had seen recently, indian food prices are higher compared to BD.

What is the possible reason for that? Where India exports many foods to BD.

 

[SrNair]

Within one year you can see the real surge in the economy

 

[SanjeevaniButi]

No acche din so far. Only a positive perception, which has yet to see any concrete action on the ground. No labour reforms, no land reforms, infact they have scored a big zero on reforms. NDA is reaping some benefits of the austere 2013 budget (half-decent), and because the 2013 data got negatively impacted because of global 'taper tantrum'. Not to mention oil prices have gone down below $90/barrel and diesel subsidy is almost coming to an end (another UPA initiative).

Red Tape-Red Carpet is just a hogwash. Strangely, there hasn't been even a token lip service fighting corruption at all by the Modi sarkar.

I know it's too soon for NDA-II, but then please stop talking as if everything good has Modi's hand behind it.

...... sure all this is not concrete action or Result

All this is because of UPA

 

[Saheli]

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