Wholesale price index at 5.05% in January 2014 - Stock Market Pulse

WPI (Wholesale Price Index) inflation at 8-month low in January 2014

Wholesale price index declined to an eight month low in January due to an unexpectedly sharp fall in vegetable rates.

As per the data released by commerce and industry on Friday inflation based on WPI (Wholesale price index ) has slowed. The annual rate of inflation, based on monthly WPI (Wholesale price index ), stood at 5.05% for the month of January, 2014 (over January, 2013) as compared to 6.16% for the previous month and 7.31% during the corresponding month of the previous year. Build up inflation rate in the financial year so far was 5.17% compared to a build-up rate of 5.78% in the corresponding period of the previous year. The consensus expectation was for a decline to 5.8%. The drop in headline inflation has, however, not enthused economists because of a rise in core inflation, a measure of demand closely tracked by the Reserve Bank of India (RBI).

Retail inflation is relatively new index. This index has got more attention because RBI (Reserve Bank of India) has placed it at the center of its monetary policy focus. The retail inflation declined from 9.87% in December 2013 to 8.79% in January 2014.

The Central Statistics Office projected growth for the 2013-14 fiscal year at 4.86%. The second successive year in which it will be below 5%. 2012-13 GDP growth was revised down to 4.5% from 5% estimated earlier, the slowest in 10 years.

Manufactured products' inflation inched up to 2.76% in January 2014 from 2.64% in December 2013.

Tags – Wholesale Price Index, Market Pulse, Stock Market Pulse

Wholesale price index at 5.05% in January 2014
http://www.stockmarketpulse.net/2014/02/15/wholesale-price-index-5-05-january-2014/