WPI Inflation Remains Negative In March, Economy Surges Ahead

Wednesday, April 15th, 2015 Amritesh no responses

WHOLESALE PRICE INDEXWholesale Price Index (WPI) for the month of March, 2015 fell to its lowest at (-)2.33% as compared  to (-)2.06% in the previous month. It is lowest inflation level recorded in almost a decade. The food inflation came down to 6.31% as compared to 7.74% in the previous month and was the main contributor behind the fall in inflationary rates. The fuel and power segment, inflation declined to (-) 12.56% as compared to (-) 14.72% in the previous month. Wholesale Inflation takes into account the prices paid by the manufacturers on the goods imported and used as inputs. The main reason behind the WPI going down is due to lowering of Food Inflation, the Crude prices in the…

Inflation Continues to be Negative in February: WPI INFLATION at (-)2.06%

Monday, March 16th, 2015 Amritesh no responses

Wholesale Price Index (WPI) for the month of February, 2015 fell to its lowest at        (-)2.06% as compared to (-)0.39% in the previous month. It is lowest inflation level recorded in almost a decade. December WPI also got revised to (-)0.5 from 0.11%. The food inflation fell marginally to 7.74% as compared to 8% in the previous month. The fuel and power segment was the biggest contributor to the fall in wholesale prices. In this category, price declined 14.72% in February against 10.69% in January.Wholesale Inflation takes into account the prices paid by the manufacturers on the goods imported and used as inputs. The main reason behind the WPI going down is lowering of the Crude prices in…

Indian Budget 2015: An Insight

Saturday, February 28th, 2015 Amritesh one response

Today our Hon’able Finance Minister, Mr. Arun Jaitley announced the budget for the Financial Year 2015-16. In this post I will highlight the major announcements made by him in respect of Economy as well as changes in Direct Tax regime which would impact Individual Tax Payers. Overall the budget did not see any major makeshift but the announcements suggested that the Government is looking to make India an investment friendly destination. The budget did focus on Growth and bringing down the fiscal deficit which augurs well for the economy in the long run. But the larger section of the society, i.e the Middle Class may not have much to cheer about.Announcements on Economy Front:-Fiscal deficit seen at 3.9 percent of…

Inflation Turns Negative in January: WPI Inflation at (-)0.39%

Wednesday, February 18th, 2015 Amritesh no responses

Wholesale Price Index (WPI) for the month of January, 2015 has turned negative as compared to 0.11% in the previous month. The last time WPI had touched such low level was in June, 2009 when it stood at (-)0.4%. The forecast was for inflation to be around 0.40% for the month of January, 2015. The WPI for the month of November has also been revised to (-)0.17% from 0%.The food inflation however  rose to 8% in the month of January. Food prices were primarily pushed up by vegetables — inflation for vegetables stood at 19.74 per cent in January, compared with -4.78 per cent in December and (-)28.38 per cent in November. Within this category, prices of potatoes rose 2.11…

Inflation Rises Marginally in December: WPI INFLATION at 0.11%

Friday, January 16th, 2015 Amritesh no responses

Wholesale Price Index (WPI) for the month of December,2014 has rose marginally for the first time in 7 months to 0.11% after being flat in the previous month. Although the rise is lower considering projected rise was around 0.5%. The food inflation rose to -4.78% in the month of December. On year to year basis the Food Inflation has rose by 5.2%. Fuel and Power prices too declined by 7.8% during the same period. The fall in Crude prices below $45 per barrel has helped India. Wholesale Inflation takes into account the prices paid by the manufacturers on the goods imported and used as inputs. The main reason behind the WPI going down is lowering of the Crude prices in…

Inflation Falls Flat: WPI Inflation at 0%

Tuesday, December 16th, 2014 Amritesh no responses

Wholesale Price Index (WPI) for the month of November has gone flat at 0 %    as against 1.77 % in October, 2014. Stable rupee and lower commodity price in the global market has led to the decline as per the Economist. The food price index, fuel and power price index contracted 3.50% and 4.91% in the month of November. Wholesale Inflation takes into account the prices paid by the manufacturers on the goods imported and used as inputs. The main reason behind the WPI going down is lowering of the Crude prices in the International Market and the Dollar/Rupee stability seen over a period of time. The further depletion in prices of Gold is another plus for the economy as…

Inflation on The Low: WPI Inflation shrinks to 1.77% (Five year Low)

Saturday, November 15th, 2014 Amritesh no responses

Wholesale Price Index (WPI) for the month of October has shrunk to 1.77% against 2.38 % in September. It is the lowest since September, 2009 when WPI stood at 1.8%. Stable rupee and lower commodity price in the global market has led to the decline as per the Economist. The food price index, fuel and power price index contracted to 2.70% and 0.43% in the month of October. Wholesale Inflation takes into account the prices paid by the manufacturers on the goods imported and used as inputs. The main reason behind the WPI going down is lowering of the Crude prices in the International Market and the Dollar/Rupee stability seen over a period of time. The further depletion in prices of…

Five Year Low: WPI September INFLATION shrinks to 2.38%

Tuesday, October 14th, 2014 Amritesh no responses

Wholesale Price Index (WPI) for the month of September has shrunk to 2.38% against 3.74% in August(5 year low then). It is the lowest since October,2009 when WPI stood at 1.8%. Stable rupee and lower commodity price in the global market has led to the decline as per the Economist. The food price index, fuel and power price index contracted to 3.52% and 1.33% in the month of September. Wholesale Inflation takes into account the prices paid by the manufacturers on the goods imported and used as inputs. The main reason behind the WPI going down is lowering of the Crude prices in the International Market and the Dollar/Rupee stability seen over a period of time. The prices of Gold…

Five Year Low: WPI Inflation shrinks to 3.74%

Monday, September 15th, 2014 Amritesh no responses

Wholesale Price Index (WPI) for the month of August shrunk to 3.74% against 5.19% in July. It is the lowest since October,2009 when WPI stood at 1.8%. Stable rupee and lower commodity price in the global market has led to the decline as per the Economist. The food price index, fuel and power price index contracted to 5.15% and 4.54% in the month of August. Wholesale Inflation takes into account the prices paid by the manufacturers on the goods imported and used as inputs. Consumer Price Index (CPI) stood at 7.8% in the month of August. With the expected Crude prices going down and prices of essential food prices remaining in check it can be expected that CPI will go…

Budget 2014: Reforms A Priority Or Populism

Sunday, September 14th, 2014 Amritesh no responses

The Budget 2014 was one of the most anticipated and hyped budget in the recent past. A new Government at the Centre backed by a strong mandate raised the hopes of the people belonging to different section of the society. It was also a very challenging task for the government as it had to tackle many issues upfront and also deliver on the expectation of the people. It had to check the continuous slide in the GDP over the past few Quarters as well as control the fiscal deficit. Plan and formulate strategies to bring reforms and growth to the forefront and at the same time reduce burden on the common people. GDP Growth in Last Few Quarters GDP YoY…
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