Press Information Bureau

Government of India

Ministry of Finance

14-September-2015 19:45 IST

The Union Finance Minister Shri Arun Jaitley said that inflationary pressures continued to moderate across-the-board in August 2015. He said that the Wholesale Price Index (WPI) grew at –4.95 percent in August 2015 compared with a rate of -4.05 percent in July 2015, on the strength of sharp declines in the prices of fuel and commodities. Consumer Price Inflation Index (CPI) decelerated to - 3.66 percent in August 2015 compared with -3.69 in July 2015. The Finance Minister was responding to the WPI and CPI Data released here today by the Ministry of Commerce & Industry and the Central Statistics Office (CSO), Ministry of Statistics and Programme Implementation respectively. He further said that the Core Inflation (excluding food and fuels) decelerated to 4.1 percent in August 2015 from 4.3 percent in July 2015 and thereby, continuing the momentum of decelerating core inflation. He concluded that both categories of inflation indicate that inflation continues to moderate and seems to be under control.

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MAM/KA

Inflation moderation continues as wholesale, consumer and core inflation show further deceleration and appear under control. Inflationary pressures moderated across-the-board in August 2015: the Wholesale Price Index contracted more sharply than in July driven by fuel and commodity declines; Consumer Price Inflation eased marginally; and core inflation excluding food and fuels continued its deceleration, indicating that both headline and underlying inflationary pressures are moderating and appear under control.