WPI inflation eases to near two-year low

According to government data,wholesale price-based inflation has reached a 2 year low of 2.02% in June,2019. This decline comes on the back of reduced inflation in the prices of manufactured products as well as a drop in the prices of fuel and power sources. However,RBI has projected upward in food inflation in the near term… Continue reading WPI inflation eases to near two-year low

Government revamps WPI revision team

The government has reconstituted the working group tasked with revising the current wholesale price index (WPI). The terms of reference(ToR) of the working group are (a)select the most appropriate Base Year for the preparation of a new official series of Index Numbers of WPI and Producer Price Index (PPI) in India (b)review commodity basket of… Continue reading Government revamps WPI revision team