Inflation rate in India was 5.5% as of May 2019, as per the Indian Ministry of Statistics and Programme Implementation.This represents a increase from the previous annual figure of 3.5%. Inflation rates in India are usually quoted as changes in the Wholesale Price Index (WPI), for all commodities. This section attempts a reconciliation exercise between the all-India CPI-combined and WPI inflation. As in the earlier section, the reconciliation began with the WPI inflation and CPI-combined inflation was arrived after adjusting WPI inflation for the various effects. With inflation rate surging to new heights, the term is more in the news than ever in India. While leaving aside the debate on whether India should adopt CPI (Consumer Price Index) based inflation calculation rather than the current WPI (Wholesale Price Index) based one, let’s find in detail how inflation rate is calculated in India; which is the WPI based inflation rate.

14 Apr 2017 Given that WPI inflation is highly disaggregated by sector, we can compute a historical series for median inflation. We find that weighted median  31 Mar 2007 in India mainly because of its availability on a weekly basis and also the Table 9.1: WPI Inflation- Major Groups (Point-to-Point and Average  13 May 2017 India's WPI Inflation Basket Changes - A Never Ending Task If It Is To Be yes obviously adjusted for inflation, some 80% of average incomes  13 Aug 2011 Similarly, the average consumer price inflation, measured by the consumer price index for industrial workers. (CPI-IW), was even higher at 10.5  Rising food prices have been a major concern in India, with food inflation ( below the median value ) compared to when they are high (above the median value2). higher rates of Wholesale Price Index (WPI) inflation for these food products. 30 Jan 2015 Inflation in India: Will the switch from WPI to CPI give us a truer picture? and services consumed by the average Indian, both rural and urban; 

But what we generally find in headlines as inflation rate in India is Inflation rate based on WPI. In the last 50 years, WPI based inflation rate shows an average inflation rate around 7-8%. The highest inflation rate observed in India was 34.68 Percent in September of 1974.

It was the lowest wholesale inflation rate since November last year, as prices This page provides the latest reported value for - India Wholesale Price Index  14 Nov 2019 New Delhi: India's wholesale inflation eased to 0.16% in October, its lowest in more than three years, on the back of a fall in prices of fuel and  the average inflation by year for India - the average of 12 monthly inflation rates of a calendar year. In case you click on CPI India plus year in the inflation table,  17 Dec 2019 NEW DELHI: A sharp rise in food articles inflation drove India's “Overall, we expect the WPI inflation to average 1.5% in FY20,” she said.

17 Dec 2019 NEW DELHI: A sharp rise in food articles inflation drove India's “Overall, we expect the WPI inflation to average 1.5% in FY20,” she said.

14 Feb 2020 India's Wholesale Price Index (WPI) inflation worsened to 3.1 per cent in January from 2.59 per cent in December, registering a 0.51 per cent 

The average food inflation fell to 1.2 per cent during April-. December WPI based inflation for FY 2017-18 (Apr-Dec) At the all India level, CPI-C inflation was.

Starting September, Consumer Price Index inflation has exceeded the median of estimates of economists polled by Cogencis by an average of over 35 basis  Inflation measured by consumer price index (CPI) is defined as the change in the prices of Each summary measure is constructed as a weighted average of a large India, 9.391, 9.485, 9.684, 9.875, 10.167, 10.414, 10.957, 11.412, 12.223   6 days ago India uses the WPI index to calculate inflation while most of the CPI calculates the average price paid by the consumer to the shopkeepers.

The statistic shows the inflation rate in India from 1984 to 2018, with projections up until 2024. The inflation rate is calculated using the price increase of a defined product basket.

Wholesale price index (WPI): Get latest updates on India's WPI and inflation rate. India's WPI inflation rose to 8 months high of 3.1% YoY in January 2020. It is the third consecutive month of rise seen at the wholesale level prices and is in line with the rise in CPI inflation, which has breached the RBI's tolerance level for the second consecutive month in January. The rise was primarily Inflation Rate in India averaged 6.01 percent from 2012 until 2020, reaching an all time high of 12.17 percent in November of 2013 and a record low of 1.54 percent in June of 2017. This page provides - India Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Inflation Rate= {(Price in year 2 – Price in year 1)/ Price in year 1} *100. Whole sale Price Index: WPI is used to monitor the cost of goods and services bought by producer and firms rather than final consumers. The WPI inflation captures price changes at the factory/wholesale level. The main difference between WPI and CPI is that CPI or retail inflation measures the price of goods and services sold directly to consumers. Whereas WPI measures the average change in price of goods sold in bulk quantity between traders. Who Publishes WPI Data in India

The main difference between WPI and CPI is that CPI or retail inflation measures the price of goods and services sold directly to consumers. Whereas WPI measures the average change in price of goods sold in bulk quantity between traders. Who Publishes WPI Data in India But what we generally find in headlines as inflation rate in India is Inflation rate based on WPI. In the last 50 years, WPI based inflation rate shows an average inflation rate around 7-8%. The highest inflation rate observed in India was 34.68 Percent in September of 1974.