India WPI Deflation Worsens in April

Indian wholesale prices fell 2.65 percent year-on-year in April of 2015, following a 2.33 percent drop in the previous month, as petrol prices declined further while food cost slowed. The index has been in the negative territory since November 2014.
Office of the Economic Adviser l Rida Husna l rida@tradingeconomics.com 5/14/2015 8:53:29 AM
Year-on-year, petrol prices fell 18.44 percent, following a 17.70 percent drop in the previous month and cost of diesel decreased by 14.39 percent, following a 12.11 percent fall in March.

Food prices rose 5.73 percent, slowing from a 6.31 percent increase in March. Among food prices, onion recorded the highest increase (+29.97 percent), followed by pulses (+15.38 percent), fruits (+14.22 percent); milk (+7.42 percent); egg, meat & fish (+4.01 percent); wheat (+1.79 percent) and cereals (+0.39 percent). In contrast, prices fell for potato (-41.14 percent), minerals (-28.65 percent), fibres (-13.81 percent), non-food articles (-6.18 percent), oil seeds (-1.80 percent), vegetables (-1.32 percent) and rice (-0.04 percent).

In April, cost of manufactured products declined by 0.52 percent from a 0.19 percent drop in the previous month.

On a monthly basis, wholesale prices declined 0.1 percent, following a  0.2 percent increase in March.

India WPI Deflation Worsens in April