July WPI Inflation Slumps To -4.05% Against -2.05% In June

Subscribe to GoodReturns
For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

    WPI Inflation for the month of July 2015 slumped to -4.05% as compared to -2.05% in June, showing a sharp contraction, raising prospects of the Reserve Bank of India (RBI) cutting interest rates.

    July WPI Inflation Slumps To -4.05% Against -2.05% In June
    The index for the primary major group declined by 0.5 percent, month-on-month and it has a weight of 20 per cent in the index.

    Read Difference Between WPI Inflation and CPI Inflation

    The index for ‘Food Articles' group declined by 0.6 percent, thanks to a decline in prices of fish, fruits and vegetables and chicken.

    The index for fuel and power saw a decline of 2 per cent, due to lower furnace oil, aviation turbine fuel. The index for manufactured products which has the highest weightage in the index declined by 0.3 percent.

    Today's fall in the WPI index along with a sharp slump in the CPI inflation has raised the prospect of a interest rate cut by the Reserve Bank of India (RBI) outside of the policy.

    Stock markets turned buoyant even ahead of the WPI data on hopes that there would be an interest rate cut by the RBI. The Sensex was trading with huge gains of 372 points.

    GoodReturns.in

    Read more about: sensex rbi wpi inflation
    Story first published: Friday, August 14, 2015, 12:22 [IST]
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    Get Latest News alerts from Goodreturns

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more