India: Inflation falls in April and wholesale prices continue annual decline
May 14, 2015
Consumer prices in April increased 0.42% over the previous month, which mirrored March’s print. The monthly result mainly reflected slight increases in the prices of tobacco and intoxicants as well as of clothing and footwear. Inflation fell from 5.3% in March to 4.9% in April, which marked a five-month low. The result was in-line with market expectations.
The wholesale price index (WPI) in April fell 0.06% over the previous month, which contrasted the revised 0.28% rise observed in March (previously reported: +0.17% month-on-month). April’s decrease came on the back of a fall in fuel prices and manufactured products. In contrast, prices for primary articles increased compared to the previous month.
Wholesale prices in April fell 2.7% over the same month last year, which followed March’s 2.3% decrease. As a result, annual average WPI inflation fell from 2.0% in March to 1.3% in April, which marked a multi-year low.