Wholesale inflation spikes to nine-month high of 3.1%; impact of rise in fuel cost, manufactured food products
Wholesale inflation has spiked to 3.1 percent in January from 2.59 percent in the previous month on higher fuel cost and price rise in manufactured products, as per government data released on Friday
Inflation in 2018: Data shows price rise within comfort zone, but farmers hit due to low prices for agri produce
The latest data puts retail inflation for November at the year's lowest level of 2.33%, mainly due to low prices of food articles, coupled with deflation in some agricultural products—which is a good news for consumers as well as the government and the RBI.
Wholesale inflation eased in July on account of cheaper food articles, especially fruits and vegetables.
Wholesale price index (WPI), had soared to a four-month high of 3.24 percent in August 2017
Wholesale inflation rose in July as prices of some commodities increased in the first month of Goods and Services Tax (GST) rollout
The consumer price index, the main policy target of the Reserve Bank of India (RBI), likely rose 1.87 percent in July from a year earlier, according to a Reuters poll of economists, compared with an increase of 1.54 percent in June
The index basket of the new series has a total of 697 items, including 117 for primary articles, 16 for fuel and power and 564 for manufactured products.
According to the official data released today, food prices witnessed a sharp rise by 2.69 percent in February as compared to a deceleration by 0.56 percent in the previous month.
Rising for the second straight month, wholesale price-based inflation jumped to 0.79 per cent in May with vegetable prices witnessing a double-digit growth.
India's wholesale price inflation in July eased to a five-month low of 5.19 percent, helped mainly by a moderation in fuel costs, government data showed on Thursday.<br />
Just over a month into the office, the Narendra Modi government seems to be very fortunate. There is good news all over. The stock market is hitting record highs, business sentiment is buoyant, wholesale price inflation has eased to a four month low and there are even credible signs of revival in economy.<br />