In April, the wholesale price index (WPI) ? India's headline inflation measure ? added 1.35% over the previous month, which came in well above the revised 0.34% increase observed in March (previously reported: +1.37% month-on-month). According to the Ministry of Commerce, the WPI series were revised as there was a ?programming error?, which saw metal products not being correctly incorporated into the index. That said, the monthly WPI hike was mainly the result of higher food prices (+2.46% month-on-month), in particular for fruits, vegetable and coffee. Furthermore, rising prices for beverages and tobacco also contributed to the monthly price rise. Meanwhile, the slightly dated consumer price index for industrial workers (CPI-IW) tallied a flat reading in March over the previous month, contrasting the 1.60% monthly price drop observed in February. Nevertheless, annual CPI-IW inflation remained unchanged over the previous month at 8.8%. Despite the monthly hike, annual WPI inflation slowed from 9.0% in March to 8.7% in April which, nevertheless, overshot market expectations that had WPI inflation at 8.6%. As a result, annual average WPI inflation inched down from 9.3% in March to 9.1% in April, and is expected to continue moderating going forward.
Inflation moderates for second month in a row
May 16, 2011
Looking for forecasts related to Inflation in India? Download a sample report now.
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.