WPI Inflation

Uptrend in milk prices can be attributed chiefly to the steadily worsening shortage and the resultant surge in the prices of fodder and feed, accounting for nearly 65% of the cost of milk production

Inflation for manufactured items eased to 1.94% in Feb from 2.99% in Jan

Consumer prices rose 6.44% in February, breaching the Reserve Bank of India's target ceiling

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

In December 2022, wholesale price inflation stood at 4.95 per cent. In January 2021, it was at 2.51 per cent

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

The key difference is that one works at the production level, the other at the level of the household; but there are a few other differences as well

In November 2022, wholesale price inflation stood at 5.85 per cent. In December 2021, it was at 14.27 per cent

Inflation in manufactured products was 3.37 per cent during the month

Economists and businesses await to see what will be committee's stance in 2023

'We'll bring inflation down further for the sake of common people', said FM Nirmala Sitharaman

Fruits and vegetables, protein-rich items such as eggs, meat and fish drag down prices; Core inflation eases for seventh consecutive month to 3.5%

WPI-based inflation remained below the double-digit mark for second consecutive month in November

The index for manufactured products saw a decline of 0.42 per cent month-on-month (MoM) and the inflation in fuel and power category saw a fall of 1.65 per cent

However, anticipating critics, Sitharaman added that the government is working to bring it down under 6% and would like to bring it down under 6% and "ideally" to 4%

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

Inflation in September, 2022 is primarily contributed by rise in prices of mineral oils, food articles, crude petroleum & natural gas

India, which commands 40% share in the global rice trade, exported 21.23 mt of rice in 2021-22, against 17.78 mt in the previous year

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

The wholesale price-based inflation eased to 11-month low of 12.41 per cent in August, on softening in prices of manufactured and fuel products, even as food items remained expensive.