AVN 64.80 Increased By ▲ 0.63 (0.98%)
BAFL 30.90 Increased By ▲ 1.00 (3.34%)
BOP 4.73 Increased By ▲ 0.10 (2.16%)
CNERGY 3.87 Decreased By ▼ -0.02 (-0.51%)
DFML 13.44 Increased By ▲ 0.09 (0.67%)
DGKC 41.34 Increased By ▲ 0.49 (1.2%)
EPCL 46.23 Decreased By ▼ -0.77 (-1.64%)
FCCL 11.39 Increased By ▲ 0.39 (3.55%)
FFL 5.05 Decreased By ▼ -0.03 (-0.59%)
FLYNG 5.81 Increased By ▲ 0.04 (0.69%)
GGL 9.90 Increased By ▲ 0.15 (1.54%)
HUBC 64.06 Increased By ▲ 2.11 (3.41%)
HUMNL 5.67 Increased By ▲ 0.02 (0.35%)
KAPCO 27.83 Increased By ▲ 0.25 (0.91%)
KEL 2.13 Decreased By ▼ -0.02 (-0.93%)
LOTCHEM 24.35 Increased By ▲ 0.05 (0.21%)
MLCF 21.36 Increased By ▲ 0.64 (3.09%)
NETSOL 84.43 Increased By ▲ 1.33 (1.6%)
OGDC 87.80 Increased By ▲ 1.75 (2.03%)
PAEL 10.92 Increased By ▲ 0.12 (1.11%)
PIBTL 4.17 Increased By ▲ 0.03 (0.72%)
PPL 77.53 Increased By ▲ 1.34 (1.76%)
PRL 13.65 Decreased By ▼ -0.01 (-0.07%)
SILK 0.88 Decreased By ▼ -0.01 (-1.12%)
SNGP 41.75 Increased By ▲ 1.00 (2.45%)
TELE 5.89 Increased By ▲ 0.01 (0.17%)
TPLP 15.81 Increased By ▲ 0.16 (1.02%)
TRG 112.65 Increased By ▲ 2.55 (2.32%)
UNITY 13.97 Increased By ▲ 0.22 (1.6%)
WTL 1.14 Decreased By ▼ -0.01 (-0.87%)
BR100 4,048 Increased By 80.6 (2.03%)
BR30 14,467 Increased By 282.1 (1.99%)
KSE100 40,673 Increased By 801.8 (2.01%)
KSE30 15,190 Increased By 292.7 (1.96%)
Follow us

NEW DELHI: India’s wholesale inflation rose 13.93% in July from a year earlier, helped by a lower increase in food prices, but it stayed in double digits for a 16th month, amid expectations that the central bank will again raise policy rates next month.

In July, wholesale prices index-based inflation, which is akin to producer prices, rose lower than a forecast of 14.20% in a Reuters poll of analysts, and compared with 15.18% the previous month.

Surprisingly, the May WPI inflation rate was revised to a record high of 16.63% year-on-year, from 15.88% estimated earlier.

Saudi inflation rises to 2.7% in July on higher food prices

Economists said they expected the Reserve Bank of India (RBI) to raise its policy rate by at least 25 basis points next month as retail inflation was likely to remain above its tolerance band through this calendar year.

The MPC will meet on Sept. 28-30. The RBI’s Monetary Policy Committee has lifted the repo rate by 140 basis points since May, including by 50 bps this month, while the government imposed restricted exports of crops, including wheat and sugar, while cutting fuel taxes.

Wholesale food prices, contributing about a quarter of the WPI index, climbed 9.41% in July from 12.41% in June, although fruit prices rose 29.44% and vegetable prices rose 18.25% on the year, data showed.

India’s consumer inflation dipped to 6.71% in July, separate data released last week showed, easing for the third month, helped by a slower increase in food and fuel prices.

Comments

Comments are closed.

India’s July WPI inflation eases to 13.93% y/y

Death toll in Peshawar mosque suicide blast rises to 100

After 29 successive losses, rupee sees some gain, settles at 267.89 against US dollar

Inflationary pressure expected to calm down gradually: Finance Division

KSE-100 jumps 800 points owing to optimism over IMF talks

Pakistan’s performance worsens, rank remains same in corruption perception index

Barrick Gold makes first payment of $3mn to Balochistan govt

India’s Adani says to keep investing in Israel after Haifa port takeover

Indus Motor to shut down plant for two weeks

Toshakhana case: Islamabad court decides to indict Imran Khan on February 7

Atlas Honda increases motorcycle prices in Pakistan by up to Rs30,000