Annual wholesale inflation rises to (-)1.99 pct

The WPI stood in the negative  territory for the 13th month in a row.

"The annual rate of inflation, based on monthly WPI, stood at -1.99% (provisional) for the month of November, 2015 (over November, 2014) as compared to -3.81% (provisional) for the previous month and -0.17% during the corresponding month of the previous year," read a government statement.

"Build up inflation rate in the financial year so far was 0.85% compared to a build up rate of 0.50% in the corresponding period of the previous year," it said.

The index for this major group rose by 1.6 percent to 256.5 (provisional) from 252.4 (provisional).

The index for ‘Food Articles’ group rose by 2.3 percent to 271.0 (provisional) from 264.9 (provisional) for the previous month due to higher price of fish-inland (9%), urad, egg and moong (6% each), condiments & spices, masur and maize   (5% each), arhar and fruits & vegetables (4% each), barley, tea, gram and poultry chicken (3% each), bajra and pork (2% each) and jowar, wheat and mutton (1% each).  

However, the price of fish-marine (2%) declined.

   The index for ‘Non-Food Articles’ group rose by 0.5 percent to 221.7 (provisional) from 220.7 (provisional) for the previous month due to higher price of niger seed and flowers (10% each), raw jute (8%), rape & mustard seed and raw wool (5% each), mesta (4%), fodder (3%), sunflower (2%) and castor seed (1%).  However, the price of guar seed (6%), raw rubber, copra (coconut) and cotton seed (4% each), groundnut seed (3%), coir fibre (2%) and gingelly seed and linseed (1% each) declined.
 
The index for ‘Minerals’  group declined by 2.2 percent to  217.6 (provisional) from 222.5 (provisional) for the previous month due to lower price of iron ore (10%), zinc concentrate (6%) and chromite, phosphorite and sillimanite (1% each). However, the price of crude petroleum (1%) moved up.