WPI Food Index

December 16, 2024 4:51 PM

Strong kharif and rabi crop outlook eases India’s food inflation concerns

The arrival of kharif crops in the market, coupled with a robust outlook for the rabi crop, bodes well for the food inflation outlook, economists said on Monday. This positive sentiment comes as the wholesale price index (WPI) inflation eased to 1.9 percent in November, down from 2.4 percent in October. The moderation in WPI inflation last month was primarily driven by a decline in food inflation. "The arrival of fresh harvests has led to a seasonal correction in food prices," said Rajani Sin...

December 16, 2024 2:52 PM

WPI inflation eases to three-month low in November

The annual inflation rate based on the Wholesale Price Index (WPI) stood at 1.89 per cent (provisional) for November 2024, compared to 2.36 per cent in October 2024 and 1.91 per cent in September 2024. According to the Ministry of Commerce and Industry, the easing inflation reflects a moderation in price increases for food items and manufactured products. The overall WPI index decreased marginally by 0.06 per cent month-over-month, slipping from 156.1 in October to 156.0 in November 2024. Pos...

June 14, 2024 2:46 PM

WPI Food Index increased from 5.52 pc in April to 7.40 pc in May

Wholesale food prices have skyrocketed month-on-month in May, with official data showing that the Whole Price Index for food rising from 5.52 per cent in April to 7.40 per cent in May. In the food basket, cereals, paddy, pulses, vegetables, potato, onion, fruits, all spiked. The overall wholesale inflation in India, based on the Wholesale Price Index rose to 2.61 per cent in May versus 1.26 reported in April, official data from the Commerce Ministry showed. Thus, it remained in positive terri...