New WPI series suggests higher core inflation rate in past 6 months: CRISIL

WPI inflation for April is at 3.9%, which is 144 (bps) lower than the March inflation rate

The Ministry of Commerce and Industry unveiled the revised wholesale price index (WPI) on May 12, 2017 as per the 2011-12 base year. As per this release, WPI inflation for April is at 3.9%, which is 144 basis points (bps) lower than the March inflation rate. The decline is mainly due to a 500 bps fall in fuel inflation and an over 200 bps decline in the inflation rate of primary articles. The new series records WPI inflation in fiscal 2017 at 1.7%, 200 bps lower than the number as per the old (2004-05) series.

The revised series