The rate of inflation based on WPI Food Index increased from 5.52 percent in April, 2024 to 7.40 percent in May, 2024.
The month over month change in WPI index in April stood at 0.79 percent as compared to March.
The wholesale inflation data comes after the statistics ministry said on April 12 that India's headline retail inflation stood steady at 4.85 percent in March.
The wholesale inflation data comes after the statistics ministry said on March 12 that India's headline retail inflation stood steady at 5.09 percent in February.
In this episode of Market Minutes, Lovisha Darad discusses about key factors that will guide market direction on January 15. With muted global set-up, will investors support market breadth as India Inc delivers Q3 results? All eyes will be on wholesale price inflation (WPI) data after retail inflation jumped to 4-month high of 5.7 percent in December. Also, catch VK Vijayakumar of Geojit Financial Services on Voice of the Day segment. Market Minutes is a morning podcast that puts the spotlight on hot stocks, key data points, and developing trends.
India's wholesale inflation, as measured by the Wholesale Price Index, has returned to the positive territory for the first time since March 2023.
The sequential rise in the WPI for manufactured products bears watching, if producers pass on higher costs into retail prices, the Barclays report states
India's wholesale inflation, as measured by the Wholesale Price Index, has been in negative territory for the sixth month in a row
Inflation measured by the Wholesale Price Index has been in the deflationary zone so far in 2023-24, even hitting a seven-and-a-half-year low of -4.18 percent in June