Experts 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 sixth consecutive month in September, primarily due to falling prices of food items. The contraction in WPI is attributed to decelerating food prices and declining fuel and manufactured product prices. While a slight increase in WPI is expected, overall WPI inflation is anticipated to remain low. Key Points
Economic TimesIndia's wholesale price index falls below zero for the first time in 3 years in April
WPI fell by 0.92% from the same month a year earlier, having risen 1.34% in March. Key Points
ThePrintIndia's wholesale price index falls below zero for the first time in 3 years in April
WPI fell by 0.92% from the same month a year earlier, having risen 1.34% in March. Key Points
ThePrintIndia's wholesale price index falls below zero for the first time in 3 years in April
WPI fell by 0.92% from the same month a year earlier, having risen 1.34% in March. Key Points
ThePrintWPI inflation declines to 25-month low of 3.85% in Feb, government data shows
WPI inflation: The reading was lower than the Reuters forecast of 4.00% and the 4.73% recorded in the previous month. Key Points
Hindustan Times
India's wholesale prices in November rise 0.26%; rebounds from negative territory after seven months
India's wholesale inflation increased to 0.26 per cent in November as against a contraction of 0.52 per cent in October, the government data showed on Thursday. Key Points
Economic TimesIndia’s WPI inflation eases to 3.85 per cent in February
The WPI is one of the two indices that measure inflation in India. The other is Consumer Price Inflation (CPI). The WPI captures prices at the level of production or manufacturing, taking into account goods traded between companies, as against the CPI that measures prices at the retail consumer level. Food items, which constitute a major part of the CPI, drive retail inflation, while for the WPI, it's manufactured goods. Key Points
Economic TimesInter-ministerial consultation on for new industrial policy: DPIIT Secy
The Indian government is working on a new industrial policy, which will be the third after 1956 and 1991. The policy aims to create a globally competitive business environment that fosters manufacturing, exports, and innovation. The policy is likely to recommend reforms that enable a globally progressive, innovative, and competitive industrial ecosystem. Key Points
Economic TimesIt might be time for India to reconsider its indicator for inflation targeting
The government could re-examine its 2016 legislative mandate and modify RBI’s inflation target to cover both WPI and CPI. An experimental producer price index can be the first step in moving to a regular index. Key Points
mintPharma companies seek one-time nod to delink from WPI, avert price cuts
India's pharmaceutical industry is seeking a one-time exemption from price control measures tied to the declining wholesale price index (WPI). Under the Drug Price Control Order (DPCO) 2013, scheduled drug prices are revised based on the previous year's WPI. Industry executives argue that this would lead to marginal reductions and are requesting an exemption due to rising input costs, aiming to make a representation to India's drug pricing authority. Last year saw a record 12% increase in essential medicine prices linked to the WPI. Key Points
Economic Times
WPI 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 gradually and expectation of subdued commodity prices amid global demand weakness, said Rajani Sinha, chief economist, CareEdge. However, for the full year, we expect WPI inflation to average below 1%. Key Points
Economic TimesInflation data, earnings, global trends to guide market movement this week: Analysts
Investors would also focus on the movement of crude oil prices and the trend in the rupee against the US dollar.Wholesale Price Index (WPI) inflation data for March would be released on Monday. Key Points
FinancialexpressWholesale inflation eases to 0.27 per cent in January
WPI inflation was at 0.73 per cent in December 2023. The wholesale price index (WPI)-based inflation eased in January to 0.27 per cent, mainly due to moderation... Key Points
The Tribune IndiaWholesale inflation rises at fastest pace in eight months
Spikes to 0.26% in Nov on costlier vegetables. Wholesale price-based inflation rose at its fastest pace in eight months, rising by 0.26% in November mainly due to Key Points
The Tribune IndiaAt -0.52%, wholesale inflation in negative zone for 7th month
Wholesale price inflation remained in the negative territory for the seventh month in a row in October at (-) 0.52% on easing prices of food items. Key Points
The Tribune India
Indian consumers' plight amid rising prices is likely to get worse
Most Indians are reeling under the red hot price spike of daily food items such as tomato, ginger, chilly, brinjal and cumin. The finance ministry today flagged an upcoming likely scenario that offers no hope to the common people to get an escape from the price pressure. The El Nino influence paired with a delayed impact of constantly reducing WPI on retail inflation is expected to make the situation worse for consumers. Key Points
Economic Times