November WPI inflation at 3.15%

The Wholesale Price Index (WPI)-based inflation for November 2016 came in at a five-month low of 3.15 %, lower than 3.39 % in the october month. The September WPI inflation has been revised from 3.57 % to 3.8 %.The Wholesale Price Index or WPI is “the price of a representative basket of wholesale goods”. India use  this index to measure inflation in their economy.The Indian WPI figure was released weekly on every Thursday, but since 2009 it has been made monthly. It also influences stock and fixed price markets.
Source-The Hindu


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