May 14.
Finance:
Chennai, May 15 The Wholesale Price Index is expected to be in the region of 2-3 per cent over the next two quarters and average at around 3 per cent for FY25, top economists at two credit rating agencies said as the Commerce and Industry Ministry announced the WPI for April 2024 was 1.26 per cent.Reacting to the numbers, Suman Chowdhury, Chief Economist and Head, Research, Acuite Ratings & Research said: WPI trajectory in India is finally showing signs of a pickup, rising to 1.26 per cent YoY in April '24 from 0.53 per cent YoY in March '24. He said this is the highest WPI print in the last 13 months and has been driven by a reversal from deflation to inflation at 1.4 per cent YoY in fuel and power inflation; a rise in global crude prices and its derivatives along with rising higher power tariffs are the factors behind the rise in this category.
Chennai, May 15 The Wholesale Price Index is expected to be in the region of 2-3 per cent over the next two quarters and average at around 3 per cent for FY25, top economists at two credit rating agencies said as the Commerce and Industry Ministry announced the WPI for April 2024 was 1.26 per cent.Reacting to the numbers, Suman Chowdhury, Chief Economist and Head, Research, Acuite Ratings & Research said: WPI trajectory in India is finally showing signs of a pickup, rising to 1.26 per cent YoY in April '24 from 0.53 per cent YoY in March '24. He said this is the highest WPI print in the last 13 months and has been driven by a reversal from deflation to inflation at 1.4 per cent YoY in fuel and power inflation; a rise in global crude prices and its derivatives along with rising higher power tariffs are the factors behind the rise in this category.