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MoneyWorks4Me

Just In: WPI inflation continues to scale new low; ebbs to -2.65% in April

14 May 2015 Evaluate
In a severe disinflationary trend, the annual rate of inflation, based on monthly wholesale price index (WPI) ebbed to- 2.65% in April as compared to -2.33% witnessed in March. The number was also way lower than the street expectation of a figure of -2.07% for the month under review. Meanwhile feb WPI was revised to -2.7% against -2.06% reported earlier. Build up inflation rate in the financial year so far was -0.06% compared to a build up rate of 0.28% in the corresponding period of the previous year.