WPI Inflation rising to 11-year high in April major surprise ; to rise further in May: Barclays
Barclays says perishable food products especially vegetables and fruits minerals and basic metals drove the inflation surge in April, which may precede an increase in the CPI in the coming weeks
BusinessToday.In | May 17, 2021 | Updated 15:47 IST
The current surge in WPI is likely too high for the RBI to ignore, says Barclays
Wholesale Price Inflation (WPI) climbing to an 11-year high of 10.49 per cent in April is a major upside surprise , and it is the first time WPI has been in double digits in almost a decade, Barclays said in a report titled, April WPI: Surging ahead has said.
On a month-on-month basis, WPI inflation saw a 3.1 per cent rise as compared to 7.39 per cent in March. The wholesale inflation was 4.17 per cent in February. For January, the WPI inflation rate stood at 2.51 per cent
WPI inflation rises to 8-year high of 7.39% in March
On a month-on-month basis, WPI inflation saw 1.57 per cent rise as compared to 4.17 per cent in February, the commerce ministry data shows. For January, the WPI inflation rate stood at 2.51 per cent
BusinessToday.In | April 15, 2021 | Updated 13:27 IST
Inflation for primary articles rose 0.55 percent in March over February
Wholesale Price Inflation in India climbed to eight-year high of 7.39 per cent in March 2021 compared to the same month last year, primarily due to higher fuel and power prices. Before this, WPI-based inflation was recorded at 8.6 per cent in March 2013. On a month-on-month basis, WPI inflation saw 1.57 per cent rise as compared to 4.17 per cent in February, the commerce ministry data shows.
WPI inflation jumps to 27-month high in Feb at 4.17%
The Wholesale Price Index-based inflation stood at 4.17 per cent in February 2021 as against 2.03 per cent a month ago
BusinessToday.In | March 15, 2021 | Updated 13:32 IST
WPI inflation in Feb sttod at 4.17 per cent
Wholesale inflation in India climbed to the highest in 27 months as commodity prices increased. The Wholesale Price Index-based inflation stood at 4.17 per cent in February 2021 as against 2.03 per cent a month ago. This is the highest since November 2018, when wholesale inflation was at 4.47 per cent. The rate of inflation, based on monthly WPI, stood at (4.17 per cent) (provisional) for the month of February, 2021 (over February, 2020) as compared to 2.26 per cent during the corresponding month of the previous year, stated the Ministry of Commerce and Industry.