August is the 17th consecutive month of double-digit wholesale price inflation (WPI)
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
Inter-ministerial consultations are progressing on revising the Wholesale Price Index (WPI) base year from 2011-12 to 2017-18, a top government official has said. Revising base year to 2017-18 for computation of wholesale inflation would help in presenting a more realistic picture of the price situation in the country. The Department for Promotion of Industry and Internal Trade (DPIIT) in June last year issued a draft technical report of a working group, which suggests revising the base year of wholesale price index and addition of about 480 new items such as medicinal plants, pen drive, lifts, gymnasium equipment and certain motorcycle engines in the new series. The draft report was placed in public domain and its feedbacks were considered before finalisation of the report. "The working group submitted its report in June. ...Now inter-ministerial consultation is in progress," DPIIT secretary Anurag Jain told PTI. In the case of agriculture commodities, new items such as medicinal
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
Gujarat Cooperative Milk Marketing Federation (GCMMF), which markets its dairy products under the Amul brand, on Tuesday increased prices of its Gold, Taaza and Shakti milk brands by Rs 2 per litre.
India's wholesale price inflation in July eased to lowest in five months at 13.93 per cent against 15.18 per cent in June
Lakshadweep was the only UT where the urban inflation rate was in double digits in June
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
Impact on CPI inflation to come later, rupee depreciation to negate some of this impact
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Delhi's single-day Covid-19 infections breached the one thousand mark on Tuesday, with a positivity rate of 6.50 per cent and two fatalities, according to data shared by the health department here.
The Wholesale Price Index (WPI)-based inflation maintained its increasing trajectory for the third month in a row, and remained in double digits for the 14th consecutive month since April last year
Peaking of inflation, analysts believe, could put a cap on bond yields and a floor on equity valuations
The Reserve Bank said in its annual report said there is a risk of high wholesale price inflation (WPI) putting pressure on the retail inflation, albeit with a lag
Wholesale price inflation rate is now in double digits for 13 consecutive months.
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CLOSING BELL: Shares of Life Insurance Corporation of India (LIC) listed at Rs 867.20 on the BSE, a 8.6 per cent discount when compared with its issue price of Rs 949 per share
Stock investors must avoid highly leveraged companies and those trading at steep valuations to beat inflation.
Live news updates: Marsh is the third member of the Capitals contingent to test positive.
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