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What is WPI-based Inflation

WPI-based Inflation

About WPI-based Inflation

What is WPI-based Inflation

The Wholesale Price Index (WPI) reflects changes in the average prices of goods at the wholesale level — that is, commodities sold in bulk and traded between businesses or entities rather than goods bought by consumers. There are certain limitations in using WPI as a measure for inflation, as WPI does not consider the price of services, and it does not reflect the consumer price situation in the country.
 
WPI is released by the Economic Advisor in the Ministry of Commerce and Industry. The purpose of WPI is to inspect movement in prices of goods that reflect supply and demand in
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Latest Updates on WPI-based Inflation

WPI inflation in Nov at 0.26%, returns to positive territory after 7 months

The rise in WPI inflation was led by food inflation. The index in this category rose steeply by 4.69% in November as compared to 1.07% in October

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Updated On : 14 Dec 2023 | 12:36 PM IST

Assam, Odisha among states clocking high rural inflation than urban in FY23

Assam, Haryana, Madhya Pradesh, Manipur, Mizoram, Odisha, Uttarakhand, West Bengal, and Delhi experienced higher rural inflation than urban inflation

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Updated On : 07 Feb 2023 | 9:15 AM IST

Inflation: Your soap or cookies may not be getting pricier but lighter

Companies have moved toward lighter loads in their cheapest packages amid rising costs of edible oils, grains and fuel

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Updated On : 13 May 2022 | 8:20 AM IST

RBI leaves key rates on hold amid Omicron risks; analysts weigh in

The committee held the lending rate, or the repo rate , at 4%. The reverse repo rate, or the key borrowing rate, was also maintained at 3.35%

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Updated On : 08 Dec 2021 | 11:36 AM IST

RBI leaves rates unchanged, says economy better prepared to deal with Covid

Central bank maintains FY22 GDP forecast at 9.5 per cent and projected retail inflation to be at 5.3 per cent.

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Updated On : 08 Dec 2021 | 11:10 AM IST

RBI keeps rates on hold to support recovery, 'sail towards normal times'

Repo rate and the reverse repo rate remain unchanged at 4% and 3.35%

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Updated On : 08 Oct 2021 | 12:25 PM IST

Wholesale inflation eases to 12.07% in June despite spike in fuel price

Wholesale inflation came in at (-)1.81% in June 2020, due to the implementation of a stringent nationwide lockdown

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Updated On : 14 Jul 2021 | 11:15 PM IST

India's June WPI inflation eases to 12.07% despite rise in fuel prices

India's annual wholesale price inflation eased to 12.07% in June from the previous month's record of 12.94%, despite a spike in costs of fuel and manufactured goods

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Updated On : 14 Jul 2021 | 12:31 PM IST

The current 'inflation' is a mystery. FinMin, RBI must tread carefully

At a time of declining incomes, people don't have money. So they do not buy. If they don't buy, prices must fall, not increase. What, then, explains the inflation? T C A Srinivasa Raghavan explores

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Updated On : 05 Jul 2021 | 8:21 AM IST

March WPI inflation at 8-yr high; economists see it in double digits in May

Hopes for policy rate reduction in near term dim even as economic uncertainty looms large amid the second Covid-19 wave

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Updated On : 15 Apr 2021 | 11:39 PM IST

Indian consumers turn more glum about future, less likely to spend: Survey

The reasons for the pessimism were deteriorating sentiments on general economic situation, income and prices, the RBI said. The current situation index had hit a record low of 49.9 in September

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Updated On : 08 Apr 2021 | 11:33 AM IST

Price hikes likely in consumer durables in March-April due to strong uptick

With a strong uptick in commodity prices, there exists a possibility of price hikes in consumer durables towards the end of March or beginning of April, as per Motilal Oswal Institutional Equities

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Updated On : 16 Mar 2021 | 12:47 PM IST

WPI inflation rises to 4.17% in February on costlier food, fuel, power

After witnessing months of softening of prices, the food articles in February saw 1.36 per cent inflation. In January it was (-) 2.80 per cent

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Updated On : 15 Mar 2021 | 1:02 PM IST

WPI inflation at 2.03% on costlier manufactured items, food prices ease

The WPI inflation was 1.22 per cent in December, 2020 and 3.52 per cent in January last year

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Updated On : 15 Feb 2021 | 12:48 PM IST

RBI's monetary and Centre's fiscal policy are moving hand-in-glove

RBI has done exceptionally well in managing government's extended borrowing this year when fiscal deficit has shot-up to 9.5 per cent of GDP

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Updated On : 05 Feb 2021 | 2:36 PM IST

Inflation worries play on RBI's mind, dampen mood of bond market

Higher inflation projection rules out any rate cut possibility in the first half of FY22; bond yield jumps

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Updated On : 05 Feb 2021 | 1:04 PM IST

RBI MPC highlights: Rates, stance unchanged, CRR to be restored, and more

Projection for CPI-based inflation revised to 5.2% for Q4 of FY21, for H1 of FY22 at 5% to 5.2%, and for Q3 of FY22 at 4.3%

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Updated On : 05 Feb 2021 | 11:12 AM IST

Inflation, Budget and its implications: RBI's two guiding forces on rates

The other signals expected from the policy related to the rollback of measures announced during the pandemic

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Updated On : 05 Feb 2021 | 12:21 PM IST

RBI keeps policy rate unchanged fourth time, maintains accommodative stance

The central bank had slashed the repo rate by 115 basis points since late March 2020 to support growth

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Updated On : 05 Feb 2021 | 10:34 AM IST

RBI maintains status quo for fourth time, keeps policy rate unchanged at 4%

The reverse repo rate will also continue to earn 3.35 per cent for banks for their deposits kept with the RBI

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Updated On : 05 Feb 2021 | 10:43 AM IST