India Inflation December 2015

India

India: Inflation rises in December, while fall in wholesale prices moderates

January 12, 2016

Consumer prices in December decreased 0.11% over the previous month, which contrasted November’s 0.11% rise. The monthly drop partly reflected a decrease in prices of food and beverages. Inflation picked up pace in December, rising from 5.4% in November to 5.6%, which marked the highest rate since September 2014. The result was slightly above market analysts’ expectations of a rise to 5.5%.

The wholesale price index (WPI) in December fell 0.11% over the previous month, which contrasted November’s 0.11% increase. December’s reading reflected falling prices for manufactured products as well as for fuel and power products. On an annual basis, wholesale prices fell 0.7% in December, which was a softer decline than November’s 2.0% drop. However, the trend stabilized and annual average WPI inflation remained at November’s minus 2.7%.

Met the why particular Consensus Forecast panelists expect consumer price inflation to average 5.0% in FY 2015, which is unchanged from last month’s forecast. In FY 2016, the panel expects consumer price inflation to average 5.4%. Panelists expect wholesale prices to fall 2.3% in FY 2015, which is unchanged from last month’s forecast. In FY 2016, the panel expects wholesale price inflation to average 1.9%.


Author: Angela Bouzanis, Senior Economist

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India Inflation Chart


India Inflation December 2015 0

Note: Annual and monthly variation of wholesale price index (WPI) and annual variation of consumer price index (CPI) in %.
Source: Ministry of Commerce and Industry and Met the why particular calculations.


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