WPI

In FY24, the revenue growth will continue to be strong, but it will be a lower 9-11 per cent

Prices of 900 formulations are expected to increase to reflect annual change in WPI

WPI inflation for February eased to 3.85 per cent in February, the lowest in more than two years

Earlier on Monday, the government data showed that the Consumer Price Index (CPI)-based inflation was at 6.44% in February

The price fall is mainly attributed to a fall in food prices, especially vegetables

Inflation in manufactured products was 3.37 per cent during the month

Finance Minister Nirmala Sitharaman on Wednesday said the government is keeping an eye on inflation which is purely "extraneous" nowadays because of fuel and fertiliser prices. Replying to the debat on the Supplementary Demands for Grants in the Rajya Sabha, the minister said wholesale inflation has fallen to a 21-month low. Later, the Rajya Sabha returned the Supplementary Demands for Grants to the Lok Sabha, thus completing the process of authorising the government to spend an additional Rs 3.25 lakh crore in FY2022-23. Retail inflation based on consumer price index which remained above the Reserve Bank's tolerance level of 6 per cent since January this year has declined to 5.88 per cent in November. The minister also said private investment capex is taking place in India because of favourable policies like PLI and cited few examples. Sitharaman also stressed that the supplementary demand for grants is essentially for food security, fertiliser requirements and providing support

Fodder prices have increased by 28 pc in November compared to the same month last year, the government said on Tuesday. "Wholesale price index (WPI) data released by the Commerce and Industry Ministry, showed that the index value for fodder has recorded at 225.7 in November 2022, registering an increase of 27.66 per cent over the same month last year (176.8)," Fisheries, Animal Husbandry and Dairying Minister Parshottam Rupala said in a written reply in the Lok Sabha. "As such, no severe hardships to rural families whose livelihood are dependent on livestock have been reported by the States, although there is increase in the price of fodder," he added. The minister informed that the ICAR- Indian Grassland and Fodder Research Institute (IGFRI), Jhansi has estimated that there is deficit of 11.24 per cent, 23.4 per cent and 28.9 per cent in green fodder, dry fodder and concentrates, respectively, at the national level. "The state governments are primarily responsible for assessing th

The data released on Wednesday showed CPI-based inflation again shot up to 7.6 per cent in September, up from 7 per cent in August

A government panel headed by Niti Aayog's Ramesh Chand is finalising the changes in the WPI to include 60 per cent of the economy for the first time

However, this is the 17th consecutive month since April 2021 that the factory-gate inflation has remained in the double digit, primarily driven by rising energy and food prices

CLOSING BELL: Financials, largely banks, along with metals gave muscle to the bounce back with the Nifty Metal and the Nifty Bank indices rising over 1 per cent each

Wholesale Price Index-based (WPI) inflation was 15.18 per cent last month and at a record high of 16.63 per cent in May. It was 11.57 per cent in July 2021

June WPI inflation of 15.18 per cent comes on the back of a high base of 12.07 per cent for the same month in 2021

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This surge comes as commodity prices harden amid the Russia-Ukraine offensive

CLOSING BELL: Dismal March quarter earnings by HDFC Bank & Infosys, coupled with fears of aggressive rate hikes amid rising inflation, soaring bond yields, & resurgence in Covid-19 cases hit sentiment

More needs to be done besides changing WPI base

Approval of various committees being sought before the new series is released

Bucks a 4-month rising trend in December 2021 and comes in at 13.56%, even as food prices harden