Inflation in food articles during the month was at 8.17 percent, as against 3.84 percent in August, showed the data from the commerce and industry ministry.
As per the data released by the Commerce and Industry Ministry, wholesale price index (WPI) deflation in primary articles was 0.79 per cent in April, as against inflation of 3.72 per cent in March.
Wholesale inflation, measured by the Wholesale Price Index (WPI), grew 2.84 percent in January 2017
Change of base year to calculate GDP is done in line with the global exercise to capture economic information accurately, the government said today.
Drug price regulator NPPA has increased price of stents by around 2 percent effective tomorrow after taking into account wholesale price index.
Food inflation fell to 8.23 percent against 11.82 percent in July. Vegetable inflation saw a sharp fall from 28.05 percent in July to 0.17 percent in August.
Releasing the latest survey, Ficci said there has been a "marginal improvement" in growth estimate for 2016-17 as against the previous round and "this comes at the back of better performance of the agriculture and industry sector".
"ICRA expects the toll rates to increase in the range of 3-3.7 per cent during 2017-18 - the highest growth after 2014-15, following significant de-growth in toll rates for two consecutive years," ICRA said in a statement.
The toll fees are revised annually to adjust for inflation, as determined by the movement in the WPI, which links the revenues of toll road special purpose vehicles (SPVs) to movements in the WPI.
The WPI will get into the "moderately positive" zone in the next fiscal, says Vyas. But this growth should reflect in the topline of corporates in the current fiscal.
The primary articles index rose by 2.1 percent to 249.3 from 244.1 for the previous month. Prices of egg, fish and wheat were the only falling metrics in this group.
Contraction in prices is estimated to be lesser on the back of hardening food inflation, reports CNBC-TV18. The WPI numbers will come at noon.
Industrial production in March is likely to grow at 1.9 percent while deflationary pressure in the wholesale price index will moderate in April data, India Ratings and Research said today.
"Despite favourable prospects for agriculture due to an above normal monsoon, industrial recovery is proving to be a drag on the FY17 growth prospect," India Ratings and Research (Ind-Ra) said in a report here.
Recently, Sebi announced an increase in margins for farm sector derivatives.
Meanwhile, the ministry of commerce and industry has revised December WPI inflation to -1.06 percent from -0.73 percent reported earlier
The CPI has risen for the past 6 months from 3.7 percent to a 17-month high of 5.7 percent in January 2016. However, it is likely to decline in February led by food inflation mainly on easing seen in vegetable prices such as onions.
Aditi Nayar, senior economist of ICRA expects WPI as well as core inflation to remain subdued for next couple of months unless there is sharp rebound in crude prices.
Deflationary trend eased in December with WPI inflation moving up to (-)0.73 percent as food articles, mainly vegetables, turned costlier.
Wholesale inflation, as measured by the wholesale price index (WPI), remained in the negative territory for the 14th straight month but the intensity of the contraction eased, with December WPI coming in at -0.73 percent YoY, versus -1.99 percent.
RBI has however cautioned that while oil prices, barring geopolitical shocks, are expected to remain benign for a few more quarters, the uptick of CPI inflation excluding food and fuel for two months in succession warrants vigilance.
In an interview with CNBC-TV18, Mishra says global linkages are the biggest concerns for listed companies. Around 53 percent of the aggregate revenues of the top BSE 100 companies come from outside India, he says
According to the global financial services major, after the 25 basis points cut likely in February there is little headroom to cut rates, but the Central Bank will continue with its "accommodative" stance.
Adrian Mowat, JPMorgan's chief Asian and emerging market equity strategist, says in the near-term, China, Taiwan and Korea are likely to perform better than India
The government has been making all-round efforts to contain skyrocketing price of pulses, which has soared to up to Rs 210 per kg in some parts of the country.