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
Impact on CPI inflation to come later, rupee depreciation to negate some of this impact
This is after duty cuts on fuel; 25-50 bps repo rate hike likely in the MPC meet next week
Wholesale price index (WPI)-based inflation rate decelerated to 12.96% in January from 13.56% in the preceding month as per the data released by the industry department.
The wholesale price index (WPI) inflation is at a three-month low but remained in double digits in this fiscal year so far
The wholesale price-based inflation accelerated to a record high of 12.94 per cent in May, on rising prices of crude oil and manufactured goods
Green tea, sanitisers among items in bigger basket
Together with CPI, it may restrain RBI from taking any further monetary easing measures
The steep fall in deflation from June to July slightly reduced the gap between WPI and Consumer Price Index-based inflation
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Development raises hope of another 25 bps cut in repo by MPC
MPC will have to work with an incomplete inflation picture
Wholesale price index (WPI) deflation in primary articles was 0.79 per cent in April, as against inflation of 3.72 per cent in March
Economists said the low inflation had come amidst a low response rate, and was contrary to expectations of disinflation
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 earlier high was recorded in April 2019, when the WPI inflation stood at 3.18 per cent
Onus of reviving growth will solely be on govt
The core inflation rate (that seen in manufactured items sans food products) continued to be negative, at minus 1.7 per cent.
Food inflation rises, but core turns into deflation, prompting rate cut hope