Wpi

  • Modi government's efforts led to decline in inflation, says BJP 4 days ago

    New Delhi: BJP on Monday credited the initiatives taken by Narendra Modi government for the decline in inflation and said it was committed to bring down prices and help improve the country's economy to make the life of the common man easy. The party said that its government has taken...
  • Inflation dips to 5-year low of 3.7 per cent 4 days ago

    New Delhi: Softening prices of food items, including vegetables, pulled down the WPI inflation to five-year low of 3.74 per cent in August, but it may not bring relief to the industry as the RBI is insisting that "there is no point in cutting interest rates" to see prices go...
  • August WPI inflation dips to 3.74 pc, lowest in 5 years 4 days ago

    New Delhi: Declining prices of vegetable and other food articles pulled down wholesale inflation sharply to 3.74 per cent in August to a nearly five-year low. The inflation measured on Wholesale Price Index (WPI) was at 5.19 per cent in July and 6.99 per cent in...
  • June inflation at 5.43 pc vs 6.01 pc in May July 14, 2014

    The June WPI inflation came in lower-than-expected at 5.43 per cent versus 6.01 per cent in May. However, the April WPI data has been revised higher to 5.55 per cent (from 5.20 per cent) which resulted in market selling off the gains made from positive June WPI news. The core...
  • WPI inflation at five-month high of 6.01 per cent in May June 16, 2014

    New Delhi: Wholesale prices-based inflation in May accelerated to a five-month high of 6.01 per cent, driven up by higher food and fuel costs, government data showed on Monday. The rise in the wholesale price index (WPI) compared with a 5.4 per cent year-on-year jump forecast by economists in a Reuters...
  • April WPI inflation at two-month low of 5.2 per cent May 15, 2014

    India's wholesale prices-based inflation in April slowed to a two-month low of 5.2 per cent, helped by a moderation in food and fuel costs, government data showed on Thursday. The rise in the wholesale price index (WPI) compared with a 5.73 per cent year-on-year jump forecast by economists in a Reuters...
  • April retail inflation rises to 3-month high of 8.59 pc May 12, 2014

    New Delhi: Costlier vegetables, fruits and milk pushed up retail inflation to three-month high of 8.59 per cent in April, squeezing the space for the Reserve Bank to ease interest rates in the monetary policy review in June. The retail inflation, measured on consumer price index (CPI), was 8.31 per cent...
  • Urban Poor's problems a big challenge before new government May 6, 2014

    New Delhi: One of the biggest challenges for the next government will be to resolve problems of the urban poor who have not benefited from poverty alleviation schemes and are reeling under high prices, a senior official said. "The urban poor are the most squeezed section of society due to high...
  • January WPI inflation eases to eight-month low February 14, 2014

    New Delhi: India's wholesale price-based inflation eased to an eight-month low in January as food prices moderated, offering some relief to policymakers who have long battled to get a handle on surging prices. The wholesale price index (WPI), long regarded as India's main inflation measure, rose 5.05 percent in January, data...
  • December 2013 WPI inflation down to 6.16 pc vs 7.52 pc in November February 11, 2014

    India's headline inflation eased to a five-month low of 6.16 percent in December from a 14-month high, helped by a softening in vegetable prices, government data showed on Wednesday. The wholesale price index's annual rise compared with a 7.0 percent jump forecast by economists in a Reuters poll. In November, wholesale...
  • RBI expected to raise interest rates, roll back rupee support October 29, 2013

    Mumbai: The RBI is expected to raise policy interest rates for the second time in as many months on Tuesday to fight stubbornly high inflation, while rolling back further emergency measures put in place recently to support the slumping rupee. Despite the risks to an already sluggish economy, the Reserve Bank...
  • Inflation to remain at elevated level this year: RBI October 28, 2013

    Wholesale price-based inflation that jumped to 6.46 per cent in September, is likely to remain around the same level in the second half of the current financial year, the Reserve Bank of India (RBI) said on Monday. In a note released ahead of the second quarter review of monetary policy 2013-14,...
  • Rupee drops 48 paise to 61.55 against dollar October 14, 2013

    Mumbai: The rupee ended two sessions of gains and fell 48 paise to 61.55 against the dollar after weak inflation and industrial output data amid fresh demand from importers for the US currency. The decline came even as local equities firmed up amid sustained capital inflows. A weak dollar overseas also failed...
  • September WPI inflation higher at 6.46% vs 6.1% in August October 14, 2013

    Mumbai: The Wholesale Price Inflation for the month of September has increased to 6.46 per cent as against higher-than-forecast of 6 percent by analysts and 6.1 percent in August. It has been rising since May 2013 - it was 5.79 per cent in July, 5.16 per cent in June and...
  • May inflation declines to 4.7 pc from 4.89 pc in April June 14, 2013

    New Delhi: The WPI-based inflation fell to 4.7 per cent in May, driven mainly by declining prices of manufactured items, even as prices of food articles inched up. Inflation based on the Wholesale Price Index (WPI) stood at 4.89 per cent in April. In May, 2012, it was 7.55...
  • CPI inflation slows to 9.31 per cent in May June 12, 2013

    New Delhi: Falling for the third straight month, retail inflation stood at 9.31 per cent in May due to easing of prices of edible oil and protein-based items, even as vegetable prices inched up sharply. The Consumer Price Index (CPI) based inflation stood at 9.39 per cent in April. It...
  • April inflation slows to 4.89 pc, lowest since Nov 2009 May 14, 2013

    New Delhi: The headline inflation dropped to its lowest since 2009 in the month of April at 4.89 per cent, a level seen comfortable for the RBI to persist with monetary easing to revive a flagging economy. April's reading is well below the 5.50 per cent estimated by analysts in a...
  • RBI likely to ease policy rate by 0.25 pc: Barclays April 28, 2013

    New Delhi: The Reserve Bank of India is likely to cut rates by 0.25 per cent in its monetary policy review on May 3, driven by falling inflation levels and recent declines in the prices of oil, gold, and the trade deficit, according to a Barclays report. "We expect the...
  • March inflation eases to 5.96 per cent, lowest in 3 years April 15, 2013

    New Delhi: Declining price of vegetables pulled down inflation to over three-year low of 5.96 per cent in March, which may prompt the Reserve Bank to consider a rate cut in its annual monetary policy next month. Inflation based on the Wholesale Price Index (WPI) stood at 6.84 per cent...
  • Retail inflation declines to 10.39 pc in March April 12, 2013

    New Delhi: Retail inflation declined to 10.39 per cent in March, snapping the five month rising trend, as prices of vegetables and protein based items eased. The Consumer Price Index (CPI) based inflation was at 10.91 per cent in February. The inflation, however, continued to remain in the double digit...
  • Feb inflation rises to 6.84 pc from 6.62 pc in Jan March 14, 2013

    New Delhi: India's wholesale price index (WPI) rose a faster-than-expected 6.84 per cent in February, clouding the policy outlook ahead of the RBI meeting next week. Analysts polled by Reuters had expected wholesale prices, the main inflation gauge, to rise an annual 6.54 per cent, slower than an annual rise...
  • December WPI inflation eases to 7.18 per cent January 14, 2013

    New Delhi: India's headline inflation slowed down to its lowest level in three years, hardening expectations for an interest rate cut by the RBI later in January to boost an economy that is set to post its slowest growth in a decade. The wholesale price index (WPI), India's main inflation indicator,...
  • RBI holds repo rate, CRR; focus shifts to growth December 18, 2012

    Mumbai: The RBI kept interest rates on hold on Tuesday, ignoring government pressure to reduce borrowing costs, but said it was shifting its focus towards boosting a flagging economy, raising the odds of a rate cut as early as January. The Reserve Bank of India (RBI) reiterated guidance from its...
  • November inflation figures fall to 7.24 per cent December 14, 2012

    New Delhi: Inflation eased in the month of November and declined to 7.24 per cent from 7.46 per cent in the previous month and 9.46 per cent in November, 2011. Reserve Bank of India (RBI) Governor C Rangarajan while announcing the figure said, "I do not think economy can bear...
  • Inflation may accelerate to 8.2 pc by Dec: Morgan November 18, 2012

    New Delhi: Notwithstanding the slight decline in Wholesale Price Index (WPI) inflation in October, inflationary pressures are likely to continue in the months ahead and may touch 8.2 per cent by the year end, says a report. According to a research note by Morgan Stanley, WPI inflation is likely to...
  • October inflation slows to 7.45 per cent November 14, 2012

    New Delhi: India's headline inflation slowed slightly in October but was still high enough to be a headache for the RBI and the government as they struggle to tame prices and revive flagging growth ahead of elections. Wholesale prices - India's main inflation gauge - rose an annual 7.45 per...
  • September inflation moves closer to 8 per cent October 15, 2012

    New Delhi: Rising fuel prices boosted Indian inflation in September to 7.8 per cent, its highest level since November, undermining the government case calling for an interest rate cut by the RBI this month to boost the sluggish economy. The rise in the wholesale price index - India's main inflation...
  • Aug inflation rises to 7.55 pc from 6.87 pc in July September 14, 2012

    New Delhi: India's wholesale price index (WPI) rose a higher-than-expected 7.55 per cent in August from a year earlier, mainly driven by higher food prices due to deficient monsoon, government data showed on Friday. The data comes ahead of a policy meeting at the Reserve Bank of India on Monday where...
  • July WPI inflation eases to 6.87 pc year-on-year August 14, 2012

    India's wholesale price index (WPI) rose a lower-than-expected 6.87 per cent in July from a year earlier, mainly driven by higher food prices, government data showed on Tuesday. A CNBC-TV18 poll had an annual rise of 7.25 per cent. The annual reading for May remained unchanged at 7.55 per cent. June's...
  • Inflation eases; monsoon holds key to rate cut July 17, 2012

    New Delhi: India's headline inflation slowed to its lowest level in five months in June helped by a moderation in fuel prices, adding to pressure from business leaders for a cut both in interest rates and fuel subsidies to help revive the lacklustre economy. The wholesale price index (WPI) rose a...