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
Wholesale inflation data comes after the statistics ministry said on June 12 that headline retail inflation fell to a 25-month low of 4.25 percent in May
The WPI inflation has been falling for some time now with the figure dropping to 1.34 per cent in March. It was at 3.85 per cent in February and 4.73 per cent in January.
Inflation based on the Wholesale Price Index was 3.85 percent in February and 14.63 percent in March 2022, according to data from the commerce ministry
A decline in the wholesale price index is reassuring from a monetary policy viewpoint, but the sustained decline in manufacturing inflation raises a worrying question
WPI inflation is correcting while CPI inflation has stayed steady---this will help companies claw back some of the eroded margins. This is expected to help prop up the earnings of B2C companies and bring their P/Es back to attractive levels
The latest CPI and WPI data indicate that inflation has eased. Even inflation data for the US, which is important from a global perspective, suggest that the worst has passed, say experts
This is the first time in 19 months that wholesale inflation has come down to single digits. In the evening, the government will also release the closely watched CPI inflation data for October
Wholesale inflation has now spent 17 consecutive months in double-digit territory
A lot will depend on the fresh arrival of supplies of seasonal vegetables and the summer-sown kharif crop. All eyes are on the monsoon rains, and when they start lashing north-west India, the country’s grain bowl
The spike in WPI will put more pressure on the rate-setting body to initiate a tight policy stance
Wholesale prices of manufactured products have seen a sharp increase in recent months
The rise in wholesale inflation in March to a four-month high comes after data released on April 12 showed the more closely-tracked headline retail inflation rate jumped to a 17-month high of 6.95 percent last month
On the upcoming RBI monetary policy to be announced on April 8, the survey of economists said the central bank will refrain from undertaking policy reversal and is expected to look through temporary inflation spikes in the near term.
To contain inflation, retain foreign investments, arrest the depreciation of rupee, and protect India’s BOP position, the RBI needs to adopt a tighter stance and raise policy rates. But that will have an effect on growth
If crude prices harden, it could have a cascading effect, negating the fuel tax cut gains that lowered petrol and diesel prices. Costlier transport fuel could make most other goods dearer as the cost of ferrying products across India becomes expensive
The high rate of inflation in November 2021 is primarily due to rise in prices of mineral oils, basic metals, crude petroleum, natural gas, chemical and food products, the government said.