SME Times is powered by   
Search News
Just in:   • Adani Group to invest Rs 57,575 crore in Odisha  • 'Dollar Distancing' finally happening? Time for India to pitch Rupee as credible alternative: SBI Ecowrap  • 49% Indian startups now from tier 2, 3 cities: Jitendra Singh  • 'India ranks 3rd in global startup ecosystem & number of unicorns'  • LinkedIn lays off entire global events marketing team: Report 
Last updated: 14 May, 2024  

inflation.THMB.jpg Wholesale Price Index inflation remains benign: Industry

   Top Stories
» 49% Indian startups now from tier 2, 3 cities: Jitendra Singh
» 'India ranks 3rd in global startup ecosystem & number of unicorns'
» Tripura exported over 9K tonnes of pineapples in 2 years
» CPI inflation eases to 6.71% in July, IIP falls to 12.3%
» Rupee depreciates 12 paise to close at 79.64 against US dollar
IANS | 14 May, 2024
The Wholesale Price Index (WPI), which edged up to 1.26 per cent in April, remains benign and inflation in the food articles is expected to rationalise by September-October, industry bodies said on Tuesday.

According to the Commerce and Industry Ministry, prices of non-food articles (-1.19 per cent) and minerals (-1.55 per cent) declined in April.

Sanjeev Agrawal, President, PHD Chamber of Commerce and Industry, said that supported by negative inflation in the non-food articles and manufactured products, the WPI inflation remains benign.

“Despite the global headwinds, the WPI inflation trajectory in fuel and power also remains low at 1.38 per cent in April 2024. However, the WPI inflation in food articles remained elevated at 7.74 per cent in April, compared with 6.88 per cent in March,” Agrawal informed.

Going ahead, inflation in the food articles is expected to rationalise by September/October 2024 “as many of the kharif crops will be entering the mandis and supplementing the existing supply,” said Agrawal.

The WPI Food Index showed an upward trend with the rate of inflation increasing from 4.65 per cent in March to 5.52 per cent in April.

Meanwhile, the consumer price inflation (CPI) eased to an 11-month low of 4.83 per cent in April.

According to industry watchers, a timely onset and "well distribution" of monsoon would be crucial to help control food inflation in the coming months.

Print the Page
Add to Favorite
Share this on :

Please comment on this story:
Subject :
(Maximum 1500 characters)  Characters left 1500
Your name:

  Customs Exchange Rates
Currency Import Export
US Dollar
UK Pound
Japanese Yen 58.85 56.85
As on 13 Aug, 2022
  Daily Poll
PM Modi's recent US visit to redefine India-US bilateral relations
 Can't say
  Commented Stories
» GIC Re's revenue from obligatory cession threatened(1)
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter