India's Wholesale Price Index (WPI) inflation is expected to decline to 2 per cent in February 2025 from 2.3 per cent in January, primarily due to a drop in oil prices and a seasonal decline in food prices, according to a report by Union Bank of India.
The reason of the surge in the wholesale inflation in the country in December is due to an increase in manufacturing inflation, according to a report by ICICI Bank.
Indian stock markets are expected to remain sensitive to the market triggers such as corporate earnings, key macroeconomic data, including CPI and WPI inflation, and foreign fund outflows amid the ongoing corrective phase, according to the market experts.
The stock market in the upcoming week will be looking at global happenings such as international market performance, anticipations of recession in the US, and domestic macroeconomic indicators such as IIP, CPI, and WPI inflation data, said market analysts.
India's wholesale inflation based on the Wholesale Price Index for the month of November was at 5.85 per cent (provisional), against previous month's print of 8.39 per cen.
The president of the industry body on Wednesday said calibrated efforts undertaken by the government and Reserve Bank of India (RBI) have significantly impacted the escalation in the wholesale prices.
New Delhi [India], October 14 (ANI): Experts say with retail inflation above the central bank's comfort zone, rate hikes would continue while wholesale price index (WPI) inflation is expected to ease to a single-digit number from October. The experts also said the drivers of inflation seem t
New Delhi [India], October 14 (ANI): Wholesale inflation in India softened substantially in September led by a broad-based moderation in prices -- for both food and non-food items, said Morgan Stanley.
New Delhi [India], October 14 (ANI): India's wholesale price index-based inflation eased to 10.7 per cent in September as against 12.41 per cent recorded in the previous month, as per the government data released on Friday.
New Delhi [India], June 14 (ANI): India's annual wholesale price-based inflation surged to 15.88 per cent in May, the highest level in nearly 10 years, due to a sharp jump in the prices of fuel, metal, chemicals, and food articles, the government data showed on Tuesday.
New Delhi [India], May 17 (ANI): Wholesale inflation in India surged to 15.08 per cent in April from 14.55 per cent in the previous month due to a sharp jump in the prices of fuel, metal, food and non-food articles and chemical products, government data showed on Tuesday.