In October, the wholesale price index (WPI) ? India's preferred inflation measure ? increased 0.64% over the previous month. The reading came in only slightly above the 0.58% increase observed in September and was in line with market expectations. As in previous months, the increase in food prices (+1.0% month-on-month) was the main driver behind the monthly price climb. However, higher prices for non-food primary articles (+2.2% mom) as well as for fuel and power (+1.0% mom) also contributed to the monthly rise. Owing to the relatively strong print, annual headline WPI inflation remained unchanged at September's 9.7%. Meanwhile, annual average wholesale price inflation inched up from 9.4% in August to 9.5% in September.
Inflation inched up in October
November 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.