WPI inflation in Dec rises to 2.37% amid spike in food article prices
India’s wholesale price index (WPI) in December rose to 2.37 per cent from 1.89 per cent in November 2024, data released by the Commerce and Industry Ministry said on Tuesday.
India’s wholesale price index (WPI) in December rose to 2.37 per cent from 1.89 per cent in November 2024, data released by the Commerce and Industry Ministry said on Tuesday.
The annual rate of inflation based on the all-India wholesale price index (WPI) number is 1.89% (provisional) for the month of November, data released by the government said on Monday.
The annual rate of inflation based on all India Wholesale Price Index (WPI) inched to a four-month high of 2.36% (Provisional) for October 2024 over the last year.
The market outlook for next week will be guided by key macroeconomic data and the last round of Q2 earnings.
The month over month change in WPI index for September 2024 stood at 0.06% as compared to August 2024.
The softening of wholesale price index (WPI) inflation in August on the back of decline in prices of food articles, especially vegetables and milk is encouraging
The wholesale price index (WPI)-based inflation in August cooled to a four-month low of 1.31 per cent.
The inflation in food prices stood at 3.45% during the month, compared to 10.87% in June.
The Wholesale Price Index (WPI) is expected to be in the region of 2-3 per cent over the next two quarters and average at around 3 per cent for FY25, top economists at two credit rating agencies said as the Commerce and Industry Ministry announced the WPI for April 2024 was 1.26 per cent.
The annual rate of inflation based on the all India Wholesale Price Index (WPI) number has risen marginally to 0.53 per cent for March 2024, the government said on Monday.
