The wholesale price index (WPI) for the month of December is likely to come in at -1.07 percent versus -1.99 percent seen for the month of November.
As per a CNBC-TV18 poll, WPI number is expected to continue its decline in September. In August, WPI had declined for the tenth consecutive month.
Vegetable prices will lead the entire headline figure down to possibly 5.5 percent figure but the core WPI is expected to still be static at those 2.8 percent levels.
The Reserve Bank is behind the curve in rate tightening and thus it should raise rate by 50 basis points—that the word from Ashwini Agarwal director of Demeter Advisors. A 25 bps hike will be perceived negatively, according to him.
March has been hard on the Indian consumers. Inflation for the month came in at a sharply higher 8.98 % surging past the expected 8.3-8.4 %. CNBC-TV18's Latha Venkatesh and Gopika Gopakumar find out why.
Speaking to CNBC-TV18, Leif Eskesen, chief economist for India and ASEAN at HSBC said there is a technical explanation behind the IIP blip. He confirmed that the overall momentum in the economy remained strong.