Wpi Deflation

The wholesale inflation in October 2020 increased to eight months high of 1.48 per centas compared to 0.00% during the corresponding month of the previous year.

Wholesale prices rose 0.16 per cent in August as against deflation of 0.58 per cent in the previous month.

WPI inflation in June was at (-) 1.81 per cent, while for the month of May and April it was (-) 3.37 per cent and (-) 1.57 per cent respectively

In May, the wholesale prices deflated by 3.21 per cent

Data comes days after government put off the release of headline consumer price inflation numbers for April and May due to inadequate data collection.

In the previous month, wholesale inflation - determined by the Wholesale Price Index (WPI) - had eased to a 25-month low of 1.08 per cent. Wholesale inflation is the rate of increase in wholesale prices.

Food inflation stood at - or the rate of increase in food prices - was at 0.07 per cent last month, as against a food deflation of 1.96 per cent in November 2018, theMinistry of Commerce and Industry said in a statement.

Wholesale prices of food articles, vegetables, pulses, and onion witnessed a deflation of 1.49 per cent, 18.65 per cent, 13.92 per cent, and 31.69 per cent respectively.

Wholesale inflation in primary articles eased to 0.1 per cent from 1.73 per cent in the previous month. Inflation in 'fuel & power' was at 17.73 per cent in August, the data showed.

With global commodities deflation bottoming out, the WPI inflation is likely to see an uptick in the current fiscal and is estimated at 7.1 per cent by March 2017, says a Bank of America Merrill Lynch report.

The Wholesale Price Index-based inflation had come in at (-)4.95 per cent in August. It has been in the negative zone since November. In September last year, inflation was 2.38 per cent.

American brokerage Bank of America-Merrill Lynch (BofA-ML) on Friday said the "deflation" on the wholesale price index is likely to continue till October.

A collapse in global oil prices has unleashed a wave of monetary easing around the world as central bankers seek to stave off deflation and bolster their economies.

The wholesale inflation in October 2020 increased to eight months high of 1.48 per centas compared to 0.00% during the corresponding month of the previous year.

Wholesale prices rose 0.16 per cent in August as against deflation of 0.58 per cent in the previous month.

WPI inflation in June was at (-) 1.81 per cent, while for the month of May and April it was (-) 3.37 per cent and (-) 1.57 per cent respectively

In May, the wholesale prices deflated by 3.21 per cent

Data comes days after government put off the release of headline consumer price inflation numbers for April and May due to inadequate data collection.

In the previous month, wholesale inflation - determined by the Wholesale Price Index (WPI) - had eased to a 25-month low of 1.08 per cent. Wholesale inflation is the rate of increase in wholesale prices.

Food inflation stood at - or the rate of increase in food prices - was at 0.07 per cent last month, as against a food deflation of 1.96 per cent in November 2018, theMinistry of Commerce and Industry said in a statement.

Wholesale prices of food articles, vegetables, pulses, and onion witnessed a deflation of 1.49 per cent, 18.65 per cent, 13.92 per cent, and 31.69 per cent respectively.

Wholesale inflation in primary articles eased to 0.1 per cent from 1.73 per cent in the previous month. Inflation in 'fuel & power' was at 17.73 per cent in August, the data showed.

With global commodities deflation bottoming out, the WPI inflation is likely to see an uptick in the current fiscal and is estimated at 7.1 per cent by March 2017, says a Bank of America Merrill Lynch report.

The Wholesale Price Index-based inflation had come in at (-)4.95 per cent in August. It has been in the negative zone since November. In September last year, inflation was 2.38 per cent.

American brokerage Bank of America-Merrill Lynch (BofA-ML) on Friday said the "deflation" on the wholesale price index is likely to continue till October.

A collapse in global oil prices has unleashed a wave of monetary easing around the world as central bankers seek to stave off deflation and bolster their economies.