Wholesale Price Index News

The Wholesale Price Index (WPI) is estimated to have fallen to -0.45 per cent year-on-year in July, down from -0.13 per cent in June. This is the lowest level since August 2023, signalling a continued deflationary trend in wholesale prices.

India's annual rate of inflation based on the Wholesale Price Index (WPI) eased further to a 14-month low of 0.39 per cent in May from 0.85 per cent in April and 2.05 per cent in March.

The month-over-month change in WPI for January stood at (-) 0.45 per cent compared to December as food prices eased.

The wholesale price index (WPI) based inflation was 2.04 per cent in July. It was (-) 0.46 per cent in August last year.

The higher inflation in June, 2024 is primarily due to increase in prices of food articles, manufacture of food products, crude petroleum & natural gas, mineral oils, other manufacturing etc, showed official data.

However, retail inflation declined to a five-month low of 4.85 per cent in March mainly due to cooling food prices. 

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.

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.

In a tweet, Pilot said that with the wholesale inflation registering 15.08% in the month of April, the inflation in the country has "reached the highest level of 24 years".

This means that the prices of nearly 800 scheduled medicines on the NLEM, which are used to treat fever, infections, skin diseases. The NLEM contains life-saving medications such as paracetamol, azithromycin, phenobarbitone, ciprofloxacin hydrochloride, phenytoin sodium, and metronidazole.

WPI Inflation remained in negative territory for four straight months. The WPI inflation was 0.58 percent in July. Inflation in Primary Articles rose 1.60 percent.

Wholesale prices based inflation was recorded at 2.76 per cent in January 2019, according to the Ministry of Commerce and Industry.

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.

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.

The Wholesale Price Index inflation stood at 5.22 percent during the last year.

The annual rate of inflation, based on monthly WPI (Wholesale Price Index ) for August 2019, remained unchanged at 1.08% compared to July 2019 and 4.62% during the corresponding month of the previous year, official data showed on Monday.

The Terms of Reference of the Working Group will be to select the most appropriate Base Year for the preparation of a new official series of Index Numbers of Wholesale Price (WPI) and Producer Price Index (PPI) in India.

The Wholesale Price Index (WPI) based inflation was at 2.93 percent in February. It was 2.74 percent in March 2018.

The Wholesale Price Index (WPI) based inflation stood at 5.09 percent in July and 3.24 percent in August last year.

According to the Japanese financial services major, a moderation in WPI inflation in the coming months is likely owing to falling vegetable prices and favourable base effects.