WPI

RBI Governor Shaktikanta Das stated that bringing India's retail inflation to the 4% target is challenging due to persistent food price inflation, driven by weather-related supply issues. Speaking at an event, he highlighted that despite moderating ...

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.

India's Wholesale Price Index (WPI) surged to a 15-month high of 2.61 percent in May, up from 1.26 percent in April 2023. This increase was notably higher compared to the 3.48 percent decline seen in May 2023. The numbers accelerated significantly, ...

In FY24, nominal GDP grew 9.6%, CPI inflation recorded 5.4%, and real GDP growth was estimated at 8.2%.

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...

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 ...

ICRA Chief Economist Aditi Nayar analyzes impact of heatwaves on food inflation, emphasizing monsoon's role. Divergence in wholesale and retail inflation explained by global factors and index composition

India's wholesale price index-based inflation accelerated to 1.26 per cent in April, a 13-month high, according to data from the Commerce Ministry. The increase was attributed to a major shortage in onion supply until the next kharif crop, which is ...

Although the usage of vanaspati has significantly reduced, it remains a significant factor in calculating the Wholesale Price Index (WPI). In India, vanaspati consumption has dropped from approximately 6% of total cooking oil consumption in 2010-11 ...

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.

India's wholesale price index-based inflation surged to 0.53% in March from 0.20% in February, driven by a significant increase in onion and potato prices. Onion prices rose by 56.99% and potato prices by 52.96% in March, leading to concerns about a...

The share of vanaspati in the basket of different types of cooking oils consumed by Indians has nearly halved in the past decade to 2.88%. However, it still holds the second-highest weightage of 14.35% in the wholesale price index (WPI) after palm o...

Wholesale inflation dropped to 0.2% in February, marking a four-month low from the previous month's 0.27%, as per recent data. Despite a rise in food prices, overall input cost pressures remained low.

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...

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.

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...

India's wholesale inflation increased to 0.73% in December, as per government data. The number rebounded in November after staying negative for seven months. Inflation for primary articles increased to 5.78%. Fuel and power and manufacturing sector ...

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...

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...