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
June WPI inflation of 15.18 per cent comes on the back of a high base of 12.07 per cent for the same month in 2021
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This surge comes as commodity prices harden amid the Russia-Ukraine offensive
CLOSING BELL: Dismal March quarter earnings by HDFC Bank & Infosys, coupled with fears of aggressive rate hikes amid rising inflation, soaring bond yields, & resurgence in Covid-19 cases hit sentiment
More needs to be done besides changing WPI base
Approval of various committees being sought before the new series is released
Bucks a 4-month rising trend in December 2021 and comes in at 13.56%, even as food prices harden
The concluding part of year-ender series looks at how inflation pinched consumers' pocket
November's figure was up from 12.54% the previous month, as fuel and power prices rose 39.81% on the year versus 37.18% in October.
As demand is recovering, industry is likely to pass on the higher costs to consumers and this may affect retail price inflation, experts said
Brent crude up nearly 20% in the past month and hit a 3-yr high on Tuesday
WPI inflation rose marginally even as retail inflation measured by Consumer Price Index slipped to a four-month low of 5.30 per cent as prices of manufactured products spiked
The wholesale price index (WPI) inflation is at a three-month low but remained in double digits in this fiscal year so far
According to data released by commerce and industry ministry, fuel and power inflation stood at 37.61% led by higher petrol and diesel prices
Our top headlines on Monday track the latest developments
The wholesale price-based inflation shot up to over 8-year high of 7.39 per cent in March on rising crude oil and metal prices
Overall RBI monetary policy was on expected lines and the policy statement highlighted its commitment to do whatever it takes to ensure financial stability
This is the highest level of Wholesale price index-based (WPI) inflation since February, when it was 2.26 per cent
Together with CPI, it may restrain RBI from taking any further monetary easing measures