Tag: WPI Inflation

India’s wholesale inflation eases to 3.85% in February

India’s wholesale inflation eases to 3.85% in February

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Onion prices continued to fall year-on-year for the 18th straight month since September 2021, with February 2023 recording the sharpest drop of 40.14% in wholesale prices. Image for representation purpose only. | Photo Credit: Reuters India’s Wholesale Price Inflation (WPI) moderated to a two-year low of 3.85% in February from 4.73% in January, with manufactured […]

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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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Wholesale price inflation drops to 12.41% in August

Wholesale price inflation drops to 12.41% in August

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This is the seventeenth consecutive month that wholesale inflation has been over 10% This is the seventeenth consecutive month that wholesale inflation has been over 10% India’s wholesale price inflation dropped to 12.41% in August from 13.93% in July with the food index the only segment to report higher inflation during the month at 9.93% […]

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WPI inflation rises to record high of 15.88% in May

WPI inflation rises to record high of 15.88% in May

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Wholesale price-based inflation (WPI) hit a fresh record high of 15.88% in May, escalating from 15.08% in April, as per the official data. “The high rate of inflation in May is primarily due to rise in prices of mineral oils, crude petroleum & natural gas, food articles, basic metals, non-food articles, chemicals & chemical products […]

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High WPI may put pressure on retail inflation: RBI

High WPI may put pressure on retail inflation: RBI

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“The conflict over Ukraine and the consequent spike in commodity prices has overcast the outlook for inflation in India as in the rest of the world” “The conflict over Ukraine and the consequent spike in commodity prices has overcast the outlook for inflation in India as in the rest of the world” Sounding a note […]

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Wholesale prices go up to 15.1% in April

Wholesale prices go up to 15.1% in April

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This marks the highest inflation rate in the current data series, eclipsing 14.9% recorded in November 2021 This marks the highest inflation rate in the current data series, eclipsing 14.9% recorded in November 2021 Inflation in wholesale prices hit 15.1% in April, the highest in the current data series, from 14.5% in March, driven largely […]

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