2017 Economic Calendar
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India : WPI  
Released On 1/16/2017 1:30:00 AM For Dec, 2016
PriorConsensusActual
M/M % change0.1 %-0.16 %
Y/Y % change3.15 %3.50 %3.39 %

Highlights
Wholesale price inflation accelerated less quickly than anticipated in December. A 0.16 percent monthly fall in the headline index put the yearly rate at 3.39 percent, up just 0.14 percentage points versus its November reading.

The pick-up was led by fuel where the annual rate climbed 1.58 percentage points to 8.65 percent. Manufacturing (3.67 percent after 3.20 percent) also saw a faster pace of price rises but a partial offset was provided by a marked decline in food (minus 0.70 percent after 1.54 percent).

Following the drop in December CPI inflation reported last week, today's WPI update is unlikely to have any major significant on RBI policy.

Definition
The Wholesale Price Index (WPI) covers primary articles, manufactured products and fuel and power. The data are not seasonally adjusted and the main focus in on the annual change in the index. This can be seen as an indicator of pipeline price pressures and is a loose leading indicator of consumer price inflation as targeted by the RBI.  Why Investors Care
 

2017 Release Schedule
Released On: 1/162/143/144/175/126/147/148/149/1410/1611/1412/14
Release For: DecJanFebMarAprMayJunJulAugSepOctNov
 


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