Search Result for : Wpi

July inflation rises 1.88% compared to .90% in June; Exports grew 3.94% while Imports grew 15.42%

The Dollar Business Bureau Inflation The July inflation, based on monthly WPI, stood at 1.88% (provisional) over July, 2016 as compared to 0.90% (provisional) for June and 0.63% during the corresponding month of the previous year. These are the figures in the first month of the GST roll-out. The index for food articles rose by 6.2% compared to June when prices had declined by 3.47%. The index for non-food articles also saw an increase of 0.6% in July. However fuel and power saw a decline by 1.4 percent to 88.4 (provisional) from 89.7 (provisional) for the previous month. The index for manufactured products saw a marginal increase of 0.2%, textiles declined by 0.3%. Exports In continuation with the positive growth exhibited by exports for the ...

WPI inflation drops to 0.90%, an 8-month low in June

The Dollar Business Bureau Inflation based on Wholesale price index (WPI) fell to 0.90% in June, lowest in eight months as the prices of food commodities and manufactured goods declined. Inflation was 2.17% in May 2017 and (-) 0.09% in June last year, according to the official data released by the Commerce Ministry on Friday. “Build up inflation rate in the financial year so far was -0.44% compared to 3.71% in the corresponding period of the previous year, it said. The prices of major food items such as vegetables, potatoes and pulses witnessed a sharp decline in the month. The prices of potato, pulses and vegetables dropped by 47.32%, 25.47% and 21.16%, respectively. The sharp decline in food items prices last month could be due to the agitation by ...

Inflation maintains a rising trend

By Abin Daya In line with our expectations, CPI inflation inched up in March, though WPI inflation eased a bit. Considering the significant gap between retail and wholesale inflation even now, it remains to be seen whether the former will move up further, despite wholesale inflation coming down. Indian steel industry seems to have got its mojo back in 2016, and this is expected to continue for the next two years. Steel production and consumption grew by 7.4% and 4.1% respectively, highest amongst all major producers and consumers. We give you a snapshot of what the World Steel Association is forecasting for 2017 and 2018. Retail inflation In the weekly update for week 11, we had mentioned that we expect CPI inflation to move ...

Wholesale inflation cools to 5.7% even as food prices heat up

PTI Inflation based on the wholesale price index slipped to 5.7% in March as manufactured goods showed cost decline even as food prices hardened. The WPI inflation, reflecting the annual rate of price rise, in February was 6.55%. In March 2016, the print came in at (-) 0.45%. According to official data released today, food prices saw a sharp rise of 3.12% in March compared to 2.69% in the previous month. This is primarily because of a steep price jump in vegetables where inflation stood at 5.7%. As for fruits, the figure was also high at 7.62%, while for egg, meat and fish, it was 3.12%. Fuel inflation declined to 18.16%, from 21.02% in February. The ...

Glimpses from the week that was: March 12-18, 2017

By Abin Daya The US Fed hiked interest rates by 25 bps this week, and also signalled that they would be increasing rates at least twice more this year. The Fed rate hike was on expected lines, and there were more than enough signals from officials about the intended decision. They are feeling good about the economic growth, and are worried more about inflation than about growth. However, whether all those expectations will come to pass, we have to wait and see. Closer home, inflation concerns are raising their head again and this will impact monetary policy going forward. The general perception is that RBI will hold the rates at the current level in the next monetary policy announcement in April. Again, need ...

Rising petrol, diesel prices push WPI inflation to 3.39%

PTI Rising prices of petrol and diesel fuelled WPI inflation to 3.39% in December 2016, reversing the declining trend and neutralising the impact of softening prices of vegetables.Also, hardening prices of manufactured items during the month may refrain RBI from cutting rates in its policy review on February 8.The wholesale price index-based inflation, reflecting the annual rate of price rise, in November stood at 3.15%.In December 2015, the print was (-)1.06%.WPI inflation in vegetables, at (-)33.11% in December, saw deflationary pressure for the fourth consecutive month. This was helped by a substantial price fall in onions, which stood at (-)37.20%.While the prices of diesel shot up by 20.25%, petrol became dearer by 8.52%. The overall inflation index of fuel and power segment registered ...

WPI inflation declined marginally to 3.39% in Oct

The Dollar Business Bureau Now for the second consecutive month, India’s Wholesale Price Index (WPI) inflation registered a decline, by 3.39% in October 2016 as against the corresponding month of last year. The annual inflation rate stood at 3.57% in September and -3.70% during the corresponding month of the previous year.  “Build up inflation rate in the financial year so far was 4.34% compared to a build up rate of 0.45% in the corresponding period of the previous year,” Ministry of Commerce and Industry said in a statement. The official Wholesale Price Index for all commodities rose by 0.1% for the month of October 2016 to 182.9 as against 182.8 in September 2016. The index for food articles group fell 0.3% to 278.8  from 279.6 ...

RBI likely to adopt wait-and-watch approach on Tuesday

PTI The newly-constituted Monetary Policy Committee (MPC) headed by RBI Governor Urjit Patel is unlikely to lower rates at its maiden policy review on Tuesday as it awaits more supporting data on inflation, experts said.The monetary policy review on October 4 will be the first by the six-member MPC as well as Governor Patel, who as the deputy governor had described the RBI as an owl when it comes to inflation management.“I don't think the Reserve Bank is going to change rates as inflation - both WPI and CPI - have not softened much,” Bank of Maharashtra Managing Director and Chief Executive R P Marathe told PTI.August retail inflation eased to a five-month low of 5.05 percent but WPI inflation climbed ...