Wholesale price index at 6.16% eases to 5-month low
The December 2013 wholesale price index (WPI) stood at 6.16% as compared to 7.52% for the month of November 2013. The headline inflation eased to 5-month low on easing vegetable prices.
The wholesale price index slowed due to the easing vegetable prices which declined by nearly 30% from the previous month i.e. November 2013. This downfall brought the overall food inflation to 13.68% from 19.93% for the month.
Today's wholesale price index data follows as easing consumer inflation, which slowed to a 3-month low of 9.87% last month.
The latest wpi numbers are anticipated to provide the RBI (Reserve Bank of India) some scope to retain the interest rates on hold. The upcoming policy meet is scheduled on 28 January 2014.
The government bonds rallied after the release of WPI data. The benchmark 10-year bond fell by 5 basis points to 8.63%. The benchmark 5-year swap rate and the 1-year rate also fell by 4 basis points each.
Tags - Wholesale Price Index, WPI
Wholesale price index at 6.16%
http://www.stockmarketpulse.net/2014/01/15/wholesale-price-index-6-16/
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