India WPI inflation News

The WPI-based inflation rate has been in the negative since April. It was (-)4.12 percent in June. In July last year it was 14.07 percent.

"The rate of inflation based on WPI Food Index consisting of food articles from primary articles group and food product from manufactured products group decreased from 7.31 per cent in February 2020 to 5.49 per cent in March 2020," said the statement.

The data on wholesale or headline inflation, gauged by the Wholesale Price Index, was released a day after separate data showed consumer inflation came in at 7.35 per cent last month.

The index for ‘Food Articles’ group rose by 2.1 percent.

Inflation in food articles rose by 1.9 percent while that of non-food articles declined by 0.9 percent.

The previous low level was recorded in July at 1.88 percent.

Calculated on the basis of Wholesale Price Index (WPI), the inflation was 3.58 percent in December 2017 and 4.26 percent in January 2017.

Wholesale price index (WPI) based inflation was 3.93 percent in November 2017 and 2.10 percent in December 2016.

The latest data comes within days of retail inflation, based on Consumer Price Index (CPI), touching a high of 5.21 percent in December.

Wholesale food prices in October rose 3.23 percent year-on-year, compared with a 1.99 percent rise a month earlier.

Inflation based on the wholesale price index (WPI) was 1.88 percent in July 2017 and 1.09 percent in August 2016.

Inflation based on wholesale prices is expected to moderate further in the months ahead and is expected to average 1.5 percent this year, says a Nomura report.