India's Wholesale Inflation Decelerates Further

NEW DELHI: Even as onion prices continued to bring tears to consumers, India's annual rate of wholesale inflation decelerated for the fifth successive month to (-)2.33 percent (March 2015 over March 2014) from (-)2.06 percent for the previous month on lower fuel prices, official data showed.

As per commerce ministry data on wholesale price index, prices of onions in March this year were still higher by as much as 36.49 percent, while pulses, vegetables and fruits were dearer by 13.22 percent, 9.68 percent and 7.48 percent, respectively.

Among the three major groups which form the general index, that for primary articles rose marginally to 0.8 percent for the period under review, while those for manufactured goods and fuels dropped to (-)0.19 percent and (-)12.56 percent, respectively.

Within the fuel and power segment, diesel was cheaper by 12.11 percent and petrol by 17.7 percent due to a dip in global crude oil prices, while LPG prices also declined by 7.9 percent, the data showed.
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