Wednesday, June 7, 2023

WPI

WPI inflation eases to 34-month low

Wholesale prices in India fell for the first time in almost three years in April, as softening global commodity prices brought down food, fuel, and other input costs for producers.WPI inflation has been on a declining trend for the...

WPI inflation eases to 11-month low

The wholesale price-based inflation eased to 11-month low of 12.41 per cent in August, on softening in prices of manufactured and fuel products, even as food items remained expensive.Although the Wholesale Price Index (WPI) based inflation declined for three...

RBI’s MPC may raise interest rate on Friday

The Reserve Bank of India’s rate-setting panel on Wednesday began its three-day deliberations on the next bi-monthly monetary policy amid expectations of at least a 35-basis-point hike in the interest rate to check high inflation. If raised, it will...

Retail inflation spurts to 7-month high in Jan

The retail inflation rate breached the 6 per cent upper tolerance limit of the RBI for the first time in seven months in January, while the wholesale price index stayed in double-digits for the 10th month in a row,...