Wholesale price index (WPI), a representative basket of wholesale goods, is seen at -0.25 percent for April as against -0.85 percent on a month-on-month basis, reports CNBC-TV18.
WPI is expected to be on a downward trend for 18th month running. However, contraction in prices is estimated to be lesser on the back of hardening food inflation.
It is important to note that primary food inflation for March rose to 3.7 percent from 3.4 percent on a month-on-month basis.
Key metric to watch out for will be the correction in pulses inflation.
Pulses inflation was steep at 34.4 percent in March 2016.
The Street is expecting a +/- 0.5 percent tick in inflation for the first quarter of FY17.Watch accompanying video for more details.
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