Earlier on Monday, the government data showed that the Consumer Price Index (CPI)-based inflation was at 6.44% in February
In December 2022, wholesale price inflation stood at 4.95 per cent. In January 2021, it was at 2.51 per cent
The price fall is mainly attributed to a fall in food prices, especially vegetables
The key difference is that one works at the production level, the other at the level of the household; but there are a few other differences as well
In November 2022, wholesale price inflation stood at 5.85 per cent. In December 2021, it was at 14.27 per cent
Inflation in manufactured products was 3.37 per cent during the month
Economists and businesses await to see what will be committee's stance in 2023
'We'll bring inflation down further for the sake of common people', said FM Nirmala Sitharaman
Fruits and vegetables, protein-rich items such as eggs, meat and fish drag down prices; Core inflation eases for seventh consecutive month to 3.5%
WPI-based inflation remained below the double-digit mark for second consecutive month in November
The index for manufactured products saw a decline of 0.42 per cent month-on-month (MoM) and the inflation in fuel and power category saw a fall of 1.65 per cent
However, anticipating critics, Sitharaman added that the government is working to bring it down under 6% and would like to bring it down under 6% and "ideally" to 4%
The data released on Wednesday showed CPI-based inflation again shot up to 7.6 per cent in September, up from 7 per cent in August
Inflation in September, 2022 is primarily contributed by rise in prices of mineral oils, food articles, crude petroleum & natural gas
India, which commands 40% share in the global rice trade, exported 21.23 mt of rice in 2021-22, against 17.78 mt in the previous year
However, this is the 17th consecutive month since April 2021 that the factory-gate inflation has remained in the double digit, primarily driven by rising energy and food prices
The wholesale price-based inflation eased to 11-month low of 12.41 per cent in August, on softening in prices of manufactured and fuel products, even as food items remained expensive.
August is the 17th consecutive month of double-digit wholesale price inflation (WPI)
CLOSING BELL: Financials, largely banks, along with metals gave muscle to the bounce back with the Nifty Metal and the Nifty Bank indices rising over 1 per cent each
Inter-ministerial consultations are progressing on revising the Wholesale Price Index (WPI) base year from 2011-12 to 2017-18, a top government official has said. Revising base year to 2017-18 for computation of wholesale inflation would help in presenting a more realistic picture of the price situation in the country. The Department for Promotion of Industry and Internal Trade (DPIIT) in June last year issued a draft technical report of a working group, which suggests revising the base year of wholesale price index and addition of about 480 new items such as medicinal plants, pen drive, lifts, gymnasium equipment and certain motorcycle engines in the new series. The draft report was placed in public domain and its feedbacks were considered before finalisation of the report. "The working group submitted its report in June. ...Now inter-ministerial consultation is in progress," DPIIT secretary Anurag Jain told PTI. In the case of agriculture commodities, new items such as medicinal