Wholesale Inflation

WPI inflation drops to 4-month low of 1.31% in Aug on lower prices

Food price comes in at 3.11%, compared to 3.45% in July, according to government data

WPI inflation cools to 3-month low of 2.04% in July as food prices decline

On the other hand, the prices of potatoes (76.23 per cent) and fruits (15.62 per cent) accelerated during the month

WPI rises for fourth consecutive month to 3.36% in June on costlier veggies

Wholesale inflation in the country rose for the fourth consecutive month in June at 3.36 per cent on account of rise in prices of food articles, especially vegetables and manufactured items. The wholesale price index (WPI) based inflation was 2.61 per cent in May. It was (-) 4.18 per cent in June 2023. "Positive rate of 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," the Ministry of Commerce & Industry said in a statement on Monday. As per the data, inflation in food articles rose 10.87 per cent in June, as against 9.82 per cent in May. Inflation in vegetables was 38.76 per cent during June, up from 32.42 per cent in May. Onion inflation was at 93.35 per cent, while potato was 66.37 per cent in the month under review. Pulses inflation rose 21.64 per cent in June. In the fuel and power basket, inflation stood at 1.03 per cent, marginally lower ...

India's wholesale inflation accelerates to 15-month high of 2.61% in May

The inflation in food prices stood at 9.82 per cent during the month, while in May 2023, the wholesale inflation had stood at -3.61 per cent

Wholesale price inflation rises to three-month high of 0.53% in March

The overall FY24 wholesale headline inflation stood at -0.7 per cent as compared to 9.6 per cent in FY23

Wholesale inflation eases to a four-month low of 0.2% in February

The prices of manufactured products, which have a weighting of 64.2 per cent in the index, remained in deflation (minus 1.27 per cent) for the twelfth consecutive month in February

Higher food prices push WPI inflation to 9-month high in December

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

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

Wholesale inflation at -0.52% in Oct; in negative territory for 7th month

The wholesale price index-based inflation remained in the negative territory for the seventh straight month in October at (-) 0.52 per cent, on easing prices of food items. The WPI-based inflation rate has been in the negative zone since April and was at (-) 0.26 per cent in September, 2023. In October last year, WPI was at 8.67 per cent. Inflation in food articles eased to 2.53 per cent in October. It was 3.35 per cent in the previous month. "The negative rate of inflation in October, 2023, is primarily due to fall in prices of chemicals and chemical products, electricity, textiles, basic metals, food products, paper and paper products, etc. as compared to the corresponding month of previous year," the commerce and industry ministry said on Tuesday. The fuel and power basket inflation was at (-) 2.47 per cent in October, against (-) 3.35 per cent in September. In manufactured products, the inflation rate was at (-) 1.13 per cent, as against (-) 1.34 per cent in September. The a

Wholesale inflation hits 6 month high in Sept but stays in negative

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

Wholesale inflation rises to -0.26% in Sept, food inflation eases to 1.54%

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

US wholesale inflation rises 2.2% in Sept, fastest pace since April

US wholesale prices rose last month at the fastest pace since April, suggesting that inflationary pressures remain despite a year and a half of higher interest rates. The Labour Department reported on Wednesday that its producer price index which measures inflation before it hits consumers climbed 2.2 per cent from a year earlier. That was up from a 2 per cent uptick in August. On a month-to-month basis, producer prices rose 0.5 per cent from August to September, down from 0.7 per cent from July to August. Excluding volatile food and energy prices, so-called core inflation rose 2.7 per cent in September from a year earlier and 0.3 per cent from August. The Federal Reserve and many outside economists pay particular attention to core prices as a good signal of where inflation might be headed. Wholesale prices have been rising more slowly than consumer prices, raising hopes that inflation may continue to ease as producer costs make their way to the consumer. But Wednesday's numbers,

WPI-based inflation increases slightly to -0.52% in Aug vs -1.36% in July

WPI-based inflation is in the negative territory for the fifth month in a row

Aug inflation number likely to remain high, moderation expected from Sept

Having touched 15-month high of 7.4 per cent in July, retail inflation is expected to remain elevated in August as well, due to rising prices of cereals, sources said. The August inflation print is scheduled to be announced on September 12. However, sources said, it is expected to start moderating from September onwards due to fall in prices of vegetables like tomatoes, restrictions imposed on the export of non-basmati rice and cut in the prices of domestic LPG cylinders. Last week, RBI Governor Shaktikanta Das also said that the central bank expects inflation to moderate from September onwards. "We expect overall inflation to start moderating from September onwards. August inflation will be again very high, but we expect from September onwards inflation to go down," he had said. Das had said that prices of tomatoes have already fallen and retail prices of other vegetables are also expected to come down from this month. The RBI Governor had said that the government has taken seve

Expect RBI to start rate cuts by end of FY24: HDFC Bank chief economist

Abheek Barua said that the Indian economy is expected to grow at 4.4% in the quarter ended March 31

WPI enters deflation in April first time in 3 yrs as mfg item prices dip

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

Credit growth expected to moderate to 10% in FY24 from 15% in FY23: Report

The credit growth momentum is waning in the country and the crucial non-food loans growth is expected to slip to 10 per cent in FY24 from more than 15 per cent in FY23, a Japanese brokerage said on Monday. Ebbing inflationary pressures, especially on the wholesale side which tends to lower working capital needs, and a likely moderation in GDP growth to 5.3 per cent in FY24 were cited as the primary reasons for the lower bank credit growth expectation by Nomura. " we expect credit growth to moderate to 10 per cent in FY24 from 15 per cent in FY23," analysts at the brokerage said in a report, adding that the base effect will also be partly responsible for driving the number down. They also said the rate hikes of more than 2.50 per cent by RBI in the current tightening cycle will impact credit growth through a lagged impact on borrowings, and already, there are some signs of a dent on the home loan front. The credit growth momentum is already moderating, the brokerage said, pointing o

Inflation's grip on businesses loosened in March at the wholesale level

Inflation's grip on businesses loosened greatly in March, raising hopes that companies and consumers will suffer less from high prices as 2023 rolls on. The U.S. government said plunging energy prices pulled the producer price index down 0.5% in March from February. It marks the biggest decrease in producer prices in three years and follows other reports showing easing inflation on broader consumer prices. Producer prices, also known as wholesale costs, track prices in the production process before they reach the consumer. As a result, the producer price index can provide early signs of where inflation is headed. Some producer price data is also used in the construction of the Federal Reserve's preferred measure of inflation, and so the decline in producer prices means the Fed's preferred index may also decline or come in very low when it is reported next week. Lower prices paid by businesses on raw materials and other items means they are less likely to raise prices in the month

At 3.85%, India's wholesale inflation falls to lowest since January 2021

Earlier on Monday, the government data showed that the Consumer Price Index (CPI)-based inflation was at 6.44% in February

India's wholesale price inflation eases to two-year low of 4.73% in January

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