Wholesale Price Index

March 12, 2025 10:59 AM

US Education Department to cut half its staff as Trump eyes its elimination

India’s Wholesale Price Index (WPI) inflation is expected to have fallen to 2% in February 2025, down from 2.3% in January, driven by a drop in oil prices and a seasonal decline in food prices, according to a report by Union Bank of India (UBI). The report noted that the primary factor behind the moderation in WPI inflation was the sharp decline in vegetable prices, a major component of food inflation. Vegetable prices are estimated to have dropped by 12% month-on-month, helping to ease infla...

October 14, 2024 3:37 PM

Wholesale Price Index records 1.84% inflation in September 2024 amid rising food prices

The Wholesale Price Index (WPI) data for September 2024 reveals an annual inflation rate of 1.84%, based on the 2011-12 base year. According to the Ministry of Commerce and Industry, this positive rate is driven by higher prices in food articles, food products, and key manufacturing sectors such as motor vehicles, trailers, machinery, and equipment. The overall WPI reached 154.6 in September 2024, reflecting a modest monthly increase of 0.06% from the 154.5 recorded in August. On a yearly basis...

September 16, 2024 5:55 PM

Wholesale inflation in India jumps to 3.36% in June

India's wholesale inflation rate surged to 3.36% in June, up from 2.61% in May, according to data released by the Commerce Ministry on Monday. The increase, measured by the Wholesale Price Index (WPI), was primarily driven by rising food and energy prices. The increase is largely due to higher prices in various categories including food articles, manufacture of food products, crude petroleum & natural gas, mineral oils, and other manufacturing sectors. The WPI for all commodities rose from...