DARE - Because Entrepreneurs Do

Annual year-on-year rate of inflation continued negative in June for the third consecutive week ended June 20, 2009 at (-) 1.30 % as against (-) 1.14% and (-) 1.61% in the previous two weeks ended June 13 and June 6, 2009.

Primary Articles inflation decreased to 5.4 % in the week under reference, from 5.7 % in the previous week. Fuel and Power negative inflation eased to (-) 12.4% in the current week from (-) 12.8 % and (-) 12.6 % in the weeks of June 6 and June 13, 2009. Manufactured Products inflation during the week ended June 20, 2009 declined to 0.5 %, from 0.8 % in the previous week.

Monthly  inflation

(i) CPI inflation
Inflation rate measured by the Consumer Price Index for Industrial Workers (CPI-IW) decreased to 8.6 % in May 2009 vs. 8.7 % in April, in contrast with the increase observed in the CPIs for both Agricultural Labour (CPI-AL) and Rural Labour (CPI-RL). The corresponding monthly WPI inflation rate in May 2009 was 0.4 % (provisionally).

(ii) Deseasonalised WPI annualized inflation
Deseasonalised overall inflation which showed a rising trend from March 2009 at 3.2 %, jumped to 11.8 % in April 2009 on the basis of final WPI figures.

(iii) Average WPI inflation
The monthly average WPI inflation for April 2009, based on final WPI figures was 1.31 %, as against 0.44 % as per provisional index numbers.

Source: PIB 

Comments (0)

Subscribe to this comment's feed