In March, the wholesale price index (WPI) - India's headline inflation measure - added 1.37% over the previous month, which was well above the virtually flat print recorded in February. Owing to the strong monthly figure, annual WPI inflation jumped from 8.3% to 9.0%, which overshot market expectations that had WPI inflation inching up to 8.4%. In line with developments observed around the world, the main driver behind the March WPI increase was higher fuel and power prices (+3.87% month-on-month). Moreover, higher prices for manufactured products, in particular textiles, contributed to the monthly price increase. Meanwhile, the slightly dated consumer price index for industrial workers (CPI-IW) dropped 1.60% in February over the previous month, thus reversing the 1.62% monthly price rise observed in January. As a result, annual consumer price inflation moderated slightly to 8.8% (January: 9.3%). Despite the strong monthly figure, annual average WPI inflation inched down to 9.1%.
Inflation rises again, above expectations
April 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.