Tag: WPI

Nov WPI inflation hits 21-month low of 5.85%; FM says govt will work to further bring down inflation

Nov WPI inflation hits 21-month low of 5.85%; FM says govt will work to further bring down inflation

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Finance Minister Nirmala Sitharaman speaks in the Lok Sabha during Winter Session of Parliament, in New Delhi, on Dec. 14, 2022. | Photo Credit: PTI The wholesale price-based inflation fell to a 21-month low of 5.85% in November as prices of food, fuel and manufactured items softened. The WPI (wholesale price index) based inflation has […]

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Wholesale price rise dropped to 5.85% in November

Wholesale price rise dropped to 5.85% in November

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India’s wholesale price inflation fell sharply to 5.85% in November from 8.4% in October. File | Photo Credit: Sushil Kumar Verma India’s wholesale price inflation fell sharply to 5.85% in November from 8.4% in October, thanks to a broad-based dip in price rise led by food items whose inflation slipped from from 6.5% in October to just 2.2%. […]

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S&P cuts India’s growth forecast to 7% for FY23

S&P cuts India’s growth forecast to 7% for FY23

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S&P projected inflation to average 6.8% in current fiscal year and RBI’s benchmark interest rate to rise to 6.25% by March 2023. S&P Global Ratings on November 28 cut India’s economic growth forecast for current fiscal year to 7%, but said the domestic demand-led economy will be less impacted by the global slowdown. S&P had in September […]

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WPI inflation eases to 19-month low of 8.39 pc in Oct

WPI inflation eases to 19-month low of 8.39 pc in Oct

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The wholesale price-based inflation declined to a 19-month low of 8.39 per cent in October, on easing prices of fuel and manufactured items. This is the first time in 19 months that WPI inflation print has come in single digit. The last was in March 2021 at 7.89 per cent. Since April 2021, WPI inflation […]

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Wholesale inflation cooled to 10.7% in September, aided by base effects

Wholesale inflation cooled to 10.7% in September, aided by base effects

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Cooling prices of edible oils, fruits help ease food inflation, but vegetables zoom 39.7% and potatoes 49.8%. Cooling prices of edible oils, fruits help ease food inflation, but vegetables zoom 39.7% and potatoes 49.8%. India’s Wholesale Price Inflation (WPI) dropped from 12.4% in August to 10.7% in September, the lowest level in at least a […]

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Wholesale price inflation slips below 14% for the first time since February

Wholesale price inflation slips below 14% for the first time since February

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Wholesale Price Inflation moderated to a five-month low of 13.93% in July from 15.18% in June, driven by a lower pace of price rise for primary products, food items, and manufactured products, even though fuel and power inflation resurged from 40.38% in June to 43.75% in July. This is the 16th month in a row […]

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