Wholesale inflation remained in negative territory — known as deflation — for a second straight month. A negative reading of the WPI indicates wholesale deflation, whereas a positive reading shows inflation. | File photo | Image credit: ANI Source link
Wholesale inflation in India likely dropped to a near two-year low in July, driven by a sharp decline in food and fuel prices, according to a report by Union Bank of India. The Wholesale Price Index (WPI) is estimated to have fallen to -0.45 per cent year-on-year in July, compared to -0.13 per cent in…
Retail inflation in India, which has been on a declining trend, providing further respite to common people, is expected to head below RBI’s 2 per cent lower tolerance band this July, according to Nomura. Continuing its downward trend, retail inflation in India hit a new over six-year low in June, at 2.1 per cent. “Headline…
WPI Inflation Data: Wholesale inflation eased to 0.39 per cent in May from 0.85 per cent the previous month, according to official data released on Monday. An increase in the prices of manufactured food products, electricity, chemical products and transport equipment kept the wholesale prices in inflationary mode. Measured by the Wholesale Price Index (WPI),…