WPI DEFLATION
Wholesale inflation surges to 15-month high of 2.61% in May Manufactured products, which account for nearly two-thirds of weight in the Wholesale Price Index (WPI), returned to inflation for the first time since February 2023 with a 0.78% rise last month.
14 Jun, 2024, 11.54 PM ISTMacro policy choices unclear, but work cut out on reforms agenda In FY24, nominal GDP grew 9.6%, CPI inflation recorded 5.4%, and real GDP growth was estimated at 8.2%.
05 Jun, 2024, 12.53 AM ISTGovt looks to change base year for major economic gauges to FY23, revamp of key datasets also being planned The base year provides a reference point for measuring changes in economic variables and comparing relative performances of indicators over time. For instance, real gross domestic product (GDP) growth is currently calculated with reference to FY12 p...
16 May, 2024, 05.30 AM IST- ADVERTISEMENT
Wholesale inflation rises to a 13-month high of 1.3% in April Wholesale inflation hits a 13-month high of 1.26% in April, up from 0.53% in March, driven by food and fuel prices. Food articles see a significant rise, with double-digit inflation in rice, pulses, and vegetables. Rising crude prices contribute to ...
15 May, 2024, 12.38 AM ISTMarch wholesale inflation rises to a three-month high of 0.5% Economists expect that despite easing inflation, Reserve Bank of India is unlikely to cut rates sooner, as it would wait for monsoon and Fed’s action to take a further call. Economists were earlier expecting a cut as early as June or August.
16 Apr, 2024, 12.17 AM ISTIndia's WPI inflation eases to four-month low of 0.20 per cent in February The sequential WPI rate for February grew 0.07 per cent against a contraction of (-)0.33 per cent in the month before. "Positive rate of inflation in February, 2024 is primarily due to increase in prices of food articles, crude petroleum & natural g...
14 Mar, 2024, 12.12 PM ISTWholesale inflation eases to a three-month low of 0.27% in January Sequentially, the wholesale price index was down 0.3%, with the food index declining 1% and manufactured products continuing its deflation for a second consecutive month. Prices of manufactured products in January were down 1% sequentially as well.
14 Feb, 2024, 11.52 PM ISTIndia's WPI inflation eases to three-month low of 0.27 per cent in January India's wholesale price index-based inflation has further decreased to 0.27 per cent in January compared to 0.73 per cent in December, according to provisional data released by the Commerce Ministry. This is lower than the estimated rise of 0.53 per...
14 Feb, 2024, 12.18 PM ISTWholesale inflation rises to nine-month high of 0.7% in December Wholesale inflation in India reached a nine-month high of 0.73% in December, compared to 0.26% in the previous month. However, experts predict that wholesale inflation will remain range-bound around 1% for the rest of the fiscal year due to continue...
15 Jan, 2024, 02.42 PM ISTWholesale price index returns to inflation after seven months The Wholesale price index registered a 0.26% increase in November, compared with 0.5% deflation in October, according to data released Thursday. Experts indicate that while wholesale inflation will likely remain positive, it will stay below 2% for t...
14 Dec, 2023, 11.58 PM ISTIndia's wholesale prices in November rise 0.26%; rebounds from negative territory after seven months India's wholesale inflation surged to 0.26 per cent in November, marking a significant shift from seven consecutive months in negative territory. The rebound is attributed to heightened demand, particularly fueled by the festive season.
14 Dec, 2023, 12.30 PM ISTWPI stays in negative zone, sinks to three-month low of -0.5% in October Icra expects WPI inflation to remain below 3% for the remaining months of FY24 if commodity prices continue to remain at benign levels. "The deflationary trend in WPI could end in the coming months with the support of favourable base fading away gra...
15 Nov, 2023, 12.41 AM ISTWPI deflation widens to a month low of 0.5% in October In October, wholesale deflation in India deepened to -0.5%, a three-month low compared to the preceding month's -0.3%. This decline stemmed from softer inflation in primary food articles and significant deflation in crude petroleum and natural gas.
14 Nov, 2023, 03.05 PM ISTExperts see WPI inflation rising in second half this fiscal Experts predict that the Wholesale Price Index (WPI) in India will rise in the second half of the fiscal year, and a prolonged deflationary trend could negatively impact growth. Wholesale inflation has remained in the negative territory for the sixt...
16 Oct, 2023, 06.20 PM ISTIndia's wholesale prices fall 0.26% in September Wholesale inflation in India has remained negative for the sixth consecutive month, with prices falling 0.26% in September. This follows a five-month high of -0.52% in August. The decrease in inflation is primarily attributed to lower prices of chem...
16 Oct, 2023, 12.14 PM ISTHow rising oil prices can impact Indian economy Stable demand, optimism due to China’s stimulation measures, and supply cuts announced by Russia and Saudi Arabia have led to a surge in oil prices. Sameer Bhardwaj analyses the impact on the Indian economy.
25 Sep, 2023, 06.30 AM ISTInflation rises to a 15-month high of 7.44% in July; WPI deflation narrows The Reserve Bank of India's (RBI) target inflation range has been breached by July's soaring consumer price index (CPI), which hit a 15-month high of 7.44%. Experts have cautioned the rate cut forecast for this fiscal year has now been pushed back, ...
14 Aug, 2023, 08.37 PM ISTWPI contracts 1.36% in July, after deflating 4.12% in June India's wholesale inflation contracted 1.36 per cent in the month of July after contracting 4.12 per cent in June. Food index inflation surged to 7.75 per cent on an annual basis after contracting 1.24 per cent in June.
14 Aug, 2023, 01.37 PM ISTMay WPI deflation hits near-8-year low of 3.5% Data released on Monday showed retail inflation dipping to a 25-month low of 4.25% in May, inching closer to the Reserve Bank of India's target rate of 4%.
14 Jun, 2023, 11.24 PM ISTWholesale prices in deflation zone for the first time in three years India's wholesale inflation fell into deflation for the first time in three years, with the Wholesale Price Index falling 0.92% YoY in April. Rajani Sinha, chief economist at CareEdge, expects the trend to continue until July with the annual average...
16 May, 2023, 12.29 AM IST