India Inflation Rate at 7.18 Percent in December


The annual rate of inflation, based on monthly WPI, stood at 7.18 percent for the month of December of 2012 over December of 2011 as compared to 7.24 percent for the previous month and 7.74 percent during the corresponding month of the previous year.

Build up inflation in the financial year so far was 4.72 percent compared to a build-up of 5.22 percent in the corresponding period of the previous year. The index for Food Articles group declined by 0.5 for the previous month due to lower price of coffee (5 percent), fruits & vegetables and arhar (4 percent each), gram and fish-marine (3 percent each), masur (2 percent) and urad (1 percent).

The index for Non-Food Articles group rose by 0.8 for the previous month due to higher price of guar seed (31 percent), gingelly seed (8 percent), flowers (7 percent), raw silk, logs & timber and sunflower (4 percent each), fodder, copra and tobacco (3 percent each), linseed (2 percent) and coir fibre (1 percent). The index for the fuel and power group rose by 0.1 for the previous month due to higher price of bitumen (17 percent).

 


Ministry of Commerce & Industry | Nuno Fontes | nuno@tradingeconomics.com
1/14/2013 9:32:07 AM