Page 3 - Wholesale Price Index

Consultations in progress on revising WPI base year to 2017-18: DPIIT secy

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

India's July WPI inflation eases to 13.93% as food, fuel prices decline

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

US inflation impact: Global recession fears to cool WPI inflation in India

Impact on CPI inflation to come later, rupee depreciation to negate some of this impact

India's retail inflation may be at 5.7-6.9% in FY23, say economists

This is after duty cuts on fuel; 25-50 bps repo rate hike likely in the MPC meet next week

WPI inflation eases to 12.96% in Jan from 13.56% in the previous month

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.

Wholesale inflation eases to 11.16% in July as food prices soften

The wholesale price index (WPI) inflation is at a three-month low but remained in double digits in this fiscal year so far

WPI inflation hits record high of 12.94% in May on costlier fuel

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

Wholesale price index makeover on the cards, base year to be 2017-18

Green tea, sanitisers among items in bigger basket

Expensive vegetables, high metal prices push WPI inflation to 1.32%

Together with CPI, it may restrain RBI from taking any further monetary easing measures

July WPI at -0.58%, in negative zone for fourth month on the trot

The steep fall in deflation from June to July slightly reduced the gap between WPI and Consumer Price Index-based inflation

Top headlines: July WPI at -0.58%, RBI to pay Rs 57,128 cr dividend to govt

Here are the top headlines of the day

Top headlines: WPI falls in June, oil demand may recover in 2021 & more

Here are the top headlines of the day

Covid-19 impact: It is WPI deflation for the first time in 4.5 years

Development raises hope of another 25 bps cut in repo by MPC

Data deficiency

MPC will have to work with an incomplete inflation picture

Govt releases truncated April WPI inflation data on 'limited transactions'

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

Wholesale inflation dips to 4-month low of 1% on sharp fall in food prices

Economists said the low inflation had come amidst a low response rate, and was contrary to expectations of disinflation

WPI-based inflation eases to 2.26% in February on cheaper food items

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

WPI inflation accelerates to 10-mth high of 3.1% on costlier onion, potato

The earlier high was recorded in April 2019, when the WPI inflation stood at 3.18 per cent

Inflation blues

Onus of reviving growth will solely be on govt

Onions take food inflation to 71-month high; wholesale inflation at 0.58%

The core inflation rate (that seen in manufactured items sans food products) continued to be negative, at minus 1.7 per cent.