The wholesale price index (WPI) in June fell 4.12%; lowest since September 2015. RBI keeps interest rates on hold, stable rates expected by economists till 2023.
The food index fell 1.59% year-on-year against a rise of 0.17% in April, while fuel and power fell 9.17% compared with rise of 0.93% in the previous month.
Govt data on Monday showed WPI inflation for December was 4.95% year-on-year, lower than the Reuters forecast of 5.60% and 5.85% recorded in the previous month.
Food, energy and prices of manufactured products cooled down, hinting that a spike in input costs for companies due to the Ukraine conflict is now easing.
Inflation in September this year is due to rise in prices of mineral oils, food articles, natural gas among others. In August, WPI was 12.41% and 11.80 % last year in September.
The inflation was primarily due to rise in prices of crude oil, natural gas, food prices, etc. as compared to the corresponding month of the previous year, the govt said in a statement.
Principal Economic Adviser Sanjeev Sanyal notes that Consumer Price Index inflation is under control, while galloping Wholesale Price Inflation needs monitoring.
According to a report by Macquarie, India’s data centre market is estimated to double by 2027. India currently has 1.4 gigawatts of operational data centre capacity.
At 11th edition of Indo-Pacific Regional Dialogue in New Delhi, Navy Chief Admiral Dinesh K Tripathi said there are three major currents shaping this maritime 'dynaxity'.
On 21 Oct, a buzz went up that the govt had released full list of gallantry award recipients along with Op Sindoor citations. I put an AI caddy on the job. It took me into a never-ending rabbit hole.
COMMENTS