ICRA estimates the average increase in WPI for 2017 to be around 3 percent
The hardening of the WPI index follows an uptick in retail inflation, announced on Tuesday, which hit a 22-month high of 5.77 percent in June
Both WPI and consumer price inflation witnessed an upward bias in two straight months
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.
The Congress alleged Swamy's attacks were sanctioned by the prime minister because he was scared that his 'crony' friends will face severe action from the RBI
Falling inflation will give the Reserve Bank of India (RBI) room to cut interest rates at a policy review on Tuesday, and cut them again by September, before holding steady to assess the impact of the upcoming monsoon season on food prices, a Reuters poll found.
WPI inflation remained in the negative zone for a 16th straight month at (-)0.91 per cent in February as food articles, mainly vegetables and pulses turned cheaper.
The Reserve Bank of India (RBI) has met its first target of retail inflation in the month January. As against the originally targeted 6 per cent, the consumer price index inflation (CPI) was registered at 5.7 per cent.
In the letter he didnt write, PM Modi hopes Rajan would some day join his government
Urjit Patel was instrumental in reshaping India’s monetary policy targeting inflation control
Stock market experts keep promising higher numbers because someone has to buy relentlessly to take it there. They now tell you that 35,000 will happen in 2016
One thing is for sure, the current rate spiral is inflicting more pain on the rural India than it does on people in urban centres
This would also mean that monetary policy has no big role to play in dealing with this problem
Deflationary trend eased in November with WPI inflation moving up to (-)1.99 per cent as food articles, led by pulses and onion, turned costlier. This is the 13th month in a row when the wholesale inflation remained in the negative territory. It has been in the negative zone since November last year.
The benchmark repurchase (repo) rate has subsequently come down from 7.25 percent to 6.75 percent, the lowest in four-and-a-half years.
Both men had worked together at the International Monetary Fund where Rajan was chief economist.
Going forward, the signals are still negative on several fronts. It means WPI inflation is as good as dead till early 2016, if not later.
The wholesale price index-based inflation was (-)4.05 percent in July. It has been in the negative zone since November 2014.
Market breadth ended on a strong note, with 1,687 stocks advancing against 951 declines on BSE.