Home
Finance Resources
Investment Planning
Banking
Finance
Stock Market
Futures & Options
Trading
Mutual Funds
Insurance
Taxation
Enquire
Home » Finance Current Affairs » WPI seen down 0.08% y/y

WPI seen down 0.08% y/y

Current Affairs

Mumbai: India's wholesale price index (WPI) is forecast to have trimmed its fall to nearly zero in the year to Aug. 29 from the previous week's annual decline of 0.21 percent, a Reuters poll of 11 economists showed on Wednesday.

It would be the 13th consecutive annual fall in the wholesale price index , but rather than deflation analysts see it more as a reflection of the much sharper rises during same period last year.

That effect will recede in coming weeks as the WPI peaked in the first half of September 2008, and the index has been rising on a weekly basis since early March.

Reserve Bank of India Governor Duvvuri Subbarao said on Monday inflation was becoming a concern sooner than expected, and the planning commission said last week inflation would exceed the central bank's comfort zone by the end of the fiscal year next March.

"Although growth concerns still remain, going forward, inflationary concerns will increasingly be the driver of the monetary policy," said D.K. Joshi, principal economist at CRISIL.

The WPI's food article sub-index rose 14.5 per cent in the year to August 22, and analysts said the rising food prices would soon see the annual change in the WPI turn positive.

The annual change in the WPI, the main measure of price pressures in India, fell below zero in early June for the first time since weekly data was released in the 1977/78 fiscal year.

The WPI data is expected around midday (0630 GMT) on Thursday.



More Current Affairs
1 2 3 4 5 6 7 8 9 10 11 >> Next


put comment
Domain Registration | Windows Hosting | Linux Hosting | Java Hosting | Virtual Dedicated Server | Dedicated Server | Reseller Web Hosting | Unlimited Windows reseller hosting | Unlimited Linux reseller hosting | Cheap Windows reseller hosting | Cheap Linux reseller hosting | Cheap Windows hosting | Best Windows hosting | Windows hosting Multiple Domains | Unlimited Windows hosting | Compare hosting plans | Cheap Linux hosting | Best Linux hosting | Linux hosting Multiple Domains | Unlimited Linux hosting | Cheap asp.net hosting | Best asp.net hosting | unlimited asp.net hosting | Cheap asp.net reseller hosting | Unlimited asp.net reseller hosting | Java Features | Cheap Java hosting | Best Java hosting | unlimited Java Hosting | Unlimited Linux reseller hosting | Java Hosting Multiple Domains| | Matargashti Full Song | Matargashti mp3 Download | Matargashti Video Download | Matargashti Song Tamasha | Prem Ratan Dhan Payo Songs Download | Prem Ratan Dhan Payo Songs mp3 Download | Prem Ratan Dhan Payo Songs Video Download | Pinga Song Download | Pinga Full Song mp3 Download | Pinga Song mp3 Download | Pinga Song Video Download | Latest Bollywood Updates | Bollywood Updates | Prem Ratan Dhan Paayo Songs Download|
© ProfitGuruOnline-2024. All Rights Reserved.