Wholesale Prices

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 ...

Wholesale prices rise in March by 0.53% from a year, shows govt data

WPI for potato witnessed a jump of 52.96 per cent against a deflation of 25.59 per cent, while for onion 56.99 per cent as compared to (-) 36.83 per cent in March 2023

Wholesale inflation eases to 0.27% in January, food inflation at 3.79%

WPI inflation January: The highest fall in inflation was witnessed in manufactured products followed by fuel & power

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

Tomatoes at Rs 40 per kg! Here is what Centre has asked NCCF, NAFED to do

Since July, both NCCF and NAFED have been selling tomatoes at a discounted rate on behalf of the consumer affairs ministry in Delhi-NCR, UP, Rajasthan and Bihar

After tomatoes, now onion likely to get costlier by September on low supply

Though India has a huge stock of onions, the high proportion of bad-quality onions due to excessive summer heat this year had led to an increase in the prices of good-quality onions

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

US wholesale price fell, inflation pressures eased sharply last month

US wholesale prices fell last month, a sign that inflationary pressures in the economy are easing more than a year after the Federal Reserve began aggressively raising interest rates. From February to March, the government's producer price index dropped 0.5 per cent as energy prices plunged after having been unchanged from January to February. Compared with a year ago, wholesale prices were up 2.7 per cent in March, down significantly from a 4.7 per cent year-over-increase increase in February. The Labour Department's producer price index reflects prices charged by manufacturers, farmers and wholesalers. It can provide an early sign of how fast consumer inflation will rise. Wholesale inflation has come down steadily from a record 11.7 per cent year-over-year increase in March 2022 since the Fed began raising its benchmark interest rate to fight the worst inflation bout in four decades. Beginning in March of last year, the Fed has raised its key short-term rate nine times and is

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

India's November wholesale inflation eases to 21-month low of 5.85%

WPI-based inflation remained below the double-digit mark for second consecutive month in November

All-India average wholesale prices of wheat up 22% so far this year: Govt

Average wholesale price of wheat rose 22 per cent across India to Rs 2,721 per quintal in November from Rs 2,228 per quintal in January this year, the government data showed. In a written reply to a question in Rajya Sabha, agriculture minister Narendra Singh Tomar said, "The prices of agricultural produce including wheat are determined by the demand and supply conditions in the market, international prices etc." As per the data, all-India monthly average wholesale prices of wheat stood at Rs 2,228 per quintal in January, Rs 2,230 in February, Rs 2,339 in March, Rs 2,384 in April, Rs 2,352 in May, Rs 2,316 in June, Rs 2,409 in July, Rs 2,486 in August, Rs 2,516 in September, Rs 2,571 in October and Rs 2,721 per quintal in November. Prices of October and November are provisional. The Centre had imposed a ban on wheat exports in May to control prices. "Wheat production has declined marginally from 109.59 million tonnes in 2020-21 to 106.84 million tonnes in 2021-22 and the all-India

Retail prices may continue to remain elevated even as wholesale prices ease

With wholesale prices galloping in double-digits since April last year, companies found themselves in a fix, raise prices too much and hurt a nascent recovery in demand or absorb costs and take a hit

Wholesale prices of edible oils to be reduced by Rs 5 per kg: SEA

The average retail price of soya oil saw a marginal reduction to Rs 153 per kg from Rs 155.65 per kg in the said period

Wholesale prices fall as mandis prepare to welcome fresh kharif harvest

Arrivals have just begun, but data on initial weeks shows that prices have dropped after higher arrivals within no time. Now, the threat of heavy rainfall-led crop damage lingers

Tomato prices crash to Rs 4/kg amid supply glut in most growing states

Tomato prices in wholesale markets in most producing states have crashed to as low as Rs 4 per kg amid supply glut, government data showed. In fact, the wholesale prices of tomato in 23 growing centres out of 31 monitored by the government were down by 50 per cent from the year-ago period or below three-year seasonal average. Currently, tomato crop of the early kharif (summer) season of the 2021-22 crop year (July-June) is being harvested. According to the data, the wholesale price of tomato in Dewas in Madhya Pradesh -- the countrys' top tomato growing state -- fell to Rs 8 per kg on August 28 of this year from Rs 11 per kg in the year-ago period. Similarly, the wholesale price of tomato at Jalgoan in Maharashtra -- the country's sixth largest tomato growing state -- fell by 80 per cent to Rs 4 per kg on August 28 from Rs 21 per kg in the year-ago period. Tomato prices at Aurangabad declined to Rs 4.50 per kg from Rs 9.50 per kg, while that of Solapur to Rs 5 per kg from 15 per k

Wholesale prices decline 3% in May as coronavirus pulls down demand

Food items showed a slight inflation of 1.13 per cent in May, but vegetable prices declined

Wholesale inflation rises to 2.59% in December on higher food prices

The annual rate of inflation, based on monthly wholesale price index (WPI), stood at 3.46 per cent in December 2018.

Wholesale price index up 6.55 per cent in February

In January, prices rose a provisional 5.25 per cent

India's wholesale prices rise 3.57% in September

Wholesale food prices last month rose 5.75 per cent year-on-year