Wholesale Price Index Inflation

May 2024 WPI: Prices of crude petroleum & natural gas, food articles, and manufacturing witnessed a surge in May 2024 compared to April 2024

While tomatoes bring a sigh of relief, onion prices may be next in line to dig a hole in your pocket

CLOSING BELL ON JUNE 14, 2023: Sectorally, the BSE Metal index surged 1.6 per cent. The Energy and Oil & Gas indices were also up nearly a per cent each.

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

The price fall is mainly attributed to a fall in food prices, especially vegetables

Wholesale Price Index-based (WPI) inflation was 15.18 per cent last month and at a record high of 16.63 per cent in May. It was 11.57 per cent in July 2021

India's March wholesale price index-based inflation (WPI) surged to 14.55 per cent on rising edible oil prices and increase in power prices. WPI inflation in February stood at 13.11 per cent.

As per the government data released on Monday, WPI inflation has remained in double digits for the 12th consecutive month beginning April 2021

Bucks a 4-month rising trend in December 2021 and comes in at 13.56%, even as food prices harden

While the inflation numbers are much above RBI's tolerance band, the central bank would rather hope an urgent reduction of taxes by the govt brings down prices in the interim

Green tea, sanitisers among items in bigger basket

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

The data released last week also showed that the consumer price index- (CPI-) based inflation rate declined to 6.58 per cent from 68-month high of 7.59 per cent over this period

The core deflation indicates slowing growth in the manufacturing category

Going forward, food inflation could stay under check if monsoons are normal and global food prices stay benign