In September, the wholesale price index (WPI) ? India's headline inflation measure ? increased 0.58% over the previous month. The reading came in above the 0.45% price rise observed in August (previously reported: +0.58% month-on-month) but was in line with market expectations. As in previous months, the increase was buttressed by higher food prices. Higher prices for fuel, in particular petrol, also contributed to the monthly hike. Meanwhile, annual headline WPI inflation dropped a notch from 9.8% in August, the highest level since July 2010, to 9.7% in September. The slightly dated consumer price index for industrial workers (CPI-IW) rose 0.52% in August over the previous month, which was nearly a quarter of the robust 2.18% increase observed in July. Despite the monthly price increase, annual CPI-IW inflation accelerated from 8.4% in July to 9.0% in August.
Inflation moderates in September
October 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.