NEW DELHI: The wholesale price index (WPI) for October will be according to the old base year of 1993-94 and the WPI new series with base year 2004-05 will be released shortly, according to a senior commerce ministry official. "We will have WPI with 2004-05 as the base year soon. We have already released the monthly data for commodities," said Industrial Policy and Promotion Secretary Ajay Shankar....
|
wholesale price index (WPI) for October will be according to the old base year of 1993-94 and the WPI new series with base year 2004-05 will be released shortly, according to a senior commerce ministry official.We will have WPI with 2004-05 as the base year soon. We have already released the monthly data for commodities," said Industrial Policy and Promotion Secretary Ajay Shankar."The change in WPI...
|
After the Wholesale Price Index (WPI) during the week ending Oct 10 showed 1.21 pc inflation due to rise in prices of primary articles, the government's newly adopted mechanism showed a 0.1 pc decline in the prices of primary articles.According to the official statement, the WPI under the new system includes primary articles and commodities belonging to the broad group of fuel, power, lubricants and...
|
Commerce Ministry plans to unveil a new price index taking the base year as 2004-2005.The Commerce Ministry plans to unveil a new price index taking the base year as 2004-2005. As for the Wholesale Price Index (WPI) for October, the base year will be according to the old base year of 1993-1994.“We will have WPI with 2004-2005 as the base year soon. We have already released the monthly data for commodities,”...
|
decades-old economic benchmark is saying good-bye, after a tumultuous era when it was the official scoreboard for politicians and economists.It is end of the road for the wholesome weekly wholesale price index (WPI) based inflation rate.The government on Thursday said the weekly WPI will henceforth cover only the primary articles and commodities in the broad group “fuel, power, light and lubricants”.The...
|
NEW DELHI: The wholesale price index(WPI) for October will be according to the old base year of 1993-94 and the WPInew series with base year 2004-05 will be released shortly, according to asenior commerce ministry official."We will have WPI with 2004-05 asthe base year soon. We have already released the monthly data for commodities,"said Industrial Policy and Promotion Secretary Ajay Shankar."Thechange...
|
report by global investment banker Barclays Capital is projecting that inflation may surge to 17 per cent by September on back of another round of hike in fuel prices in the same month."We believe WPI inflation will remain in double-digit territory until May 2009. We expect WPI inflation of 17 per cent by September 2008," the report...
|
Although year-on-year inflation is still only 1.2 per cent, strong upward trends seen in the Wholesale Price Index (WPI) inflation and the persistence of high Consumer Price Index (CPI) inflation are a cause of concern, the Reserve Bank of India (RBI) said in its pre-monetary policy review today.The WPI inflation has risen by 5.9 per cent over its end-March 2009 level, while CPI inflation has been...
|
Conceding that WPI-based inflation was not reflecting the rising prices adequately, the government today said the new mechanism has been devised to provide a better picture of the price situation."So this change enables everyone to understand and know reality (about price situation)...," Industrial Policy and Promotion Secretary Ajay Shankar told reporters when asked why the government had decided...
|
MUMBAI: Annual inflation rate is forecast to have edged up to 1.64 per cent as at Oct 24 from 1.51 per cent a week earlier, with food prices expected to have risen marginally, a Reuters poll of 20 analysts showed on Wednesday. Analysts said higher fuel and manufactured goods prices could contribute to WPI inflation in the weeks ahead. "We expect the prices of fuel and manufactured goods to push up...
|
