Business Environment, 4th Edition by Pearson

276 | Chapter 10

2018–19 from 3.6% in 2017–18, 4.5% in 2016–17, 4.9% in 2015–16 and 5.9% in

2014–15. It stood at 2.9% in April 2019 as compared to 4.6% in April 2018. Food

inflation based on Consumer Food Price Index (CFPI) declined to a low of 0.1%

during the financial year (FY) 2018–19.

Inflation based on Wholesale Price Index (WPI) remained moderate at 3.0%

in 2017–18 compared to 1.7% in 2016–17, (–)3.7% in 2015–16 and 1.2% in 2014–

15. During the FY 2018–19, WPI inflation stood at 4.3%. Inflation based on the

major series of the price indices for the last seven years are given in Table 10.1

and the movement of WPI and CPI inflation since ...