Wholesale Price Index

Although food prices, which make up nearly half the inflation basket, have eased significantly in the last two months, erratic monsoon rains across India could harm crop yields

Prices have been fixed for drugs and formulations meant for diabetes, hypertension, heart issues, multivitamins, bacterial infections, and allergies

The Reuters poll of 50 economists conducted June 5-10 predicted consumer price inflation (CPI) is expected to have picked up to 4.89 per cent last month from April's 4.83 per cent.

Economic indices such as the Index of Industrial Production (IIP), Wholesale Price Index (WPI), and National Income are benchmarked to FY12

April 2024 WPI: Prices of crude petroleum & natural gas and food articles witnessed a surge in April 2024 compared to March 2024, while prices of non-food articles and minerals saw a decline

WPI for potato witnessed a jump of 52.96 per cent against a deflation of 25.59 per cent, while for onion 56.99 per cent as compared to (-) 36.83 per cent in March 2023

WPI inflation January: The highest fall in inflation was witnessed in manufactured products followed by fuel & power

This is the second consecutive month that the wholesale inflation rate had remained in the positive territory after it had recorded deflation for seven consecutive months until October 2023

Positive rate of inflation in December, 2023 was primarily due to an increase in prices of food articles, machinery & equipment, other manufacturing, other transport equipment

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

India is planning to move from the Wholesale Price Index to Producer Price Index (PPI) in future as most of the G20 countries follow this practice, an official said. The official said that the National Statistical Commission (NSC) is examining the working group report on the roadmap for introducing the PPI and their recommendations are awaited. "It is with Statistical Commission, so we will wait for the panel recommendation," the official, who did not wish to be named, said. When asked about the future plan on this, the government official said: "Initially, we will probably go with both (WPI and PPI) and after a few years, we may phase out WPI, because we are one of the few countries among G20 which still have WPI. All other including China use PPI". The PPI has been discussed for the past several year. A working group was set up a few years back to determine the methodology and data requirements to move ahead. In 2019, the government constituted a working group for revision of th

Food inflation declined to 2.53 per cent in October from 3.35 per cent in the previous month

Food inflation decreased significantly to 3.35 per cent in September from 10.6 per cent in August

The WPI-based inflation rate has been in the negative for the sixth consecutive month since April

The picture of the Indian economy is one of near stagnation between 2011 and 2020, a massive bounce-back in the immediate post-pandemic period, and now muted growth

The wholesale inflation rate was 12.48 per cent in August last year

Third straight month of dip in inflation, mainly due to high base and moderation across all three major components

The wholesale inflation was 16.63 per cent in May 2022. Earlier, it was minus 3.7 per cent in October 2015

WPI declines to 34-month low of -0.92% on the back of high base effect

It was for the sixth consecutive month that wholesale inflation was down to single digits, after remaining in double digits for 18 months