2018 Economic Calendar
2019 Econoday Investor's Journal Buy Now
POWERED BY  econoday logo
U.S. & Intl Recaps   |   Event Definitions   |   Today's Calendar   |   

India : WPI  
Released On 11/14/2018 2:30:00 AM For Oct, 2018
M/M % change0.67 %0.75 %
Y/Y % change5.13 %5.28 %

India's wholesale price index increased by 5.28 percent on the year in October, picking up slightly from 5.13 percent in September. The index advanced 0.67 percent on the month after an increase of 0.75 percent previously. Today's data follows the release earlier in the week of CPI data showing a decline in consumer inflation from 3.7 percent in September to 3.31 percent in October, below the mid-point of the Reserve Bank of India's target range of 2.0 percent to 6.0 percent.

The small increase in WPI inflation in October largely reflects a bigger year-on-year increase in prices of manufactured products, which account for around 64 percent on the index. These increased by 4.49 percent in October, up from 4.22 percent in September. The year-on-year increase in fuel and power prices (around 13 percent of the index) also picked up from 16.65 percent in September to 18.44 percent in October. Food prices (around 15 percent of the index) fell 1.49 percent on the year after dropping 0.21 percent previously.

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

2018 Release Schedule
Released On: 1/152/153/144/165/146/147/168/149/1410/1511/14
Release For: DecJanFebMarAprMayJunJulAugSepOct

powered by  [Econoday]