Diabytes
Wholesale inflation News
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While food inflation moderated on a yearly basis, month-on-month prices saw an uptick. The food WPI eased to 0.60 per cent in June from 1.72 per cent in May.
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However, retail inflation declined to a five-month low of 4.85 per cent in March mainly due to cooling food prices.
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Fuel and power basket inflation eased to -1.59 percent last month from -0.51 percent in January.
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In August last year, it was 12.48 percent. Inflation in food articles remained in double digits at 10.60 percent in August, lower than 14.25 percent in July.
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At -4.12 percent, the WPI inflation has hit its lowest level since October 2015, when it had fallen to -4.76 percent. In April 2023, it stood at (-)0.92 percent.
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The inflation was 3.85 per cent in February and 14.63 per cent in March 2022.
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India`s wholesale price index-based (WPI) inflation for December 2022 fell to almost two-year low of 4.95 %.
The drop owns to sliding food and crude as well as petroleum prices.
WPI inflation slipped below the 5 per cent mark for the first time since February 2021, when it was at 4.83 per cent.
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The Wholesale Price-based Inflation (WPI) rose to 1.32 per cent in September mainly on the back of costlier food articles.
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Wholesale prices based inflation was recorded at 2.76 per cent in January 2019, according to the Ministry of Commerce and Industry.
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India`s annual rate of inflation based on wholesale prices jumped to 0.58 per cent in November from 0.16 per cent in October.
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The annual inflation, based on monthly wholesale price index (WPI), was at 5.54 per cent in October 2018.
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The Wholesale Price Index inflation stood at 5.22 percent during the last year.
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The Wholesale Price Index (WPI) based inflation was at 2.93 percent in February. It was 2.74 percent in March 2018.
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According to the Commerce Ministry data, the WPI inflation in June 2017 was at 0.90 per cent.
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Rangarajan said he thinks this is the end of the season when prices rise as far as food articles are concerned.
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Retail and wholesale inflation accelerated in July and the uptrend is likely to continue in the coming months, limiting the space for further monetary easing, says a Morgan Stanley report.
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The government data released on Monday showed that prices of food articles went up by 2.15 percent in July on a yearly basis. In June, the prices had contracted by 3.47 percent.
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Since December 2016, WPI inflation is more than CPI inflation, the report said, adding this trend is expected to continue till the fourth quarter of this fiscal.
With both retail and wholesale inflation easing, the Reserve Bank may cut policy rates by another 25 basis points this fiscal, India Ratings said.
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