In November, the wholesale price index (WPI) ? India's headline inflation measure ? added only 0.06% over the previous month, which came in below the revised 0.38% increase seen in October (previously reported: +0.58 month-on-month). In addition, the print came in well below the 0.63% price rise seen in November last year, prompting annual inflation to fall from 9.7% in October to 9.1% in November, which represents the lowest level since October 2011. Food prices were mostly responsible for the subdued reading by dropping 2.0% over the previous month, which contrasted the steady increases observed in the previous five months. In contrast, prices for fuel and power rose 0.9%, whereas prices for manufactured goods increased 0.5%. Despite the subdued annual reading, annual average wholesale price inflation inched up from 9.5% in October to 9.6%.
Inflation falls to lowest level in 13 months
December 14, 2011
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India Economic News
October 17, 2016
Recently-released data related to India’s external sector showed that the trade deficit totaled USD 8.3 billion in September, which was a smaller shortfall than the USD 10.2 billion gap recorded in September 2015 (August 2016: USD 7.7 billion deficit).
October 15, 2016
In September, consumer prices fell 0.23% from the previous month, which followed August’s flat growth.
October 12, 2016
The fall in industrial production moderated in August, after recording the largest contraction since November 2015 in July.
October 5, 2016
Activity in India’s manufacturing sector lost steam in September.
October 4, 2016
The newly facelifted Reserve Bank of India (RBI) decided to ease monetary policy at a scheduled meeting on 4 October, cutting the repurchase rate from 6.50% to 6.25%—an over five-year low.