2017 Economic Calendar
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India : WPI  
Released On 7/14/2017 2:30:00 AM For Jun, 2017
PriorConsensusActual
M/M % change-0.35 %-0.09 %
Y/Y % change2.17 %1.60 %0.90 %

Highlights
Prices at the wholesale level decelerated much more quickly than expected in June. At 0.90 percent, the headline annual inflation rate was down nearly 1.3 percentage points from its outturn in May and reflected a broad-based slowdown amongst the major components.

Food (minus 1.25 percent after 0.15 percent) and, in particular, fuel (5.28 percent after 11.69 percent) recorded the steepest declines but there was also a significant drop in manufacturing (2.27 percent after 2.55 percent).

Coming hard on the heels of yesterday's surprisingly soft CPI report (see calendar entry), the weaker than expected WPI data should boost speculation about additional RBI easing, possibly even as soon as next month.

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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