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The annual inflation rate in India was recorded at 6.95% in 2023. Historically, from 1960 until 2023, the annual inflation rate in India averaged 7.37% reaching an all-time high of 28.60% in 1974 and a record low of -7.63% in 1976. The inflation rate for Primary Articles is currently at 9.8% (as of 2012).
A CPI is a statistical estimate constructed using the prices of a sample of representative items whose prices are collected periodically. Sub-indices and sub-sub-indices can be computed for different categories and sub-categories of goods and services, which are combined to produce the overall index with weights reflecting their shares in the total of the consumer expenditures covered by the ...
In India, a total of 697 commodities data on price level is tracked through WPI which is an indicator of movement in prices of commodities in all trade and transactions. It is also the price index which is available on a weekly basis with the shortest possible time lag only two weeks. [17] Base year to calculate WPI is 2011-2012=100
In the week ahead, a fresh reading on inflation and retail sales will lead the economic calendar. ... for its best day in nearly two years. It closed the week up more than 8% for its best week ...
The chart of the day. ... This week’s Chart of the Week features an excerpt ... rising 0.6% over the prior month in January and 4.5% over last year. And this while inflation continues to ...
Investors can expect fresh data on inflation, retail sales, and consumer sentiment in the coming week.
The commodities chosen for the calculation are based on their importance in the region and the point of time the WPI is employed. For example, in India about 435 items were used for calculating the WPI in base year 1993-94 while the advanced base year 2011-12 uses 697 items. [1]
Wall Street economists expect headline inflation rose 2.7% annually in November, an increase from the 2.6% in October. ... 2024 could start brewing in the week ahead if the November inflation data ...