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Economic Indicator

India’s Wholesale Price Index Inflation accelerates to 9.68% YoY in May

Source Fxstreet

India’s Wholesale Price Index (WPI) Inflation data for May arrives at 9.68% Year-on-Year (YoY), higher than 9.1% estimates and the previous reading of 8.3%.

Economic Indicator

WPI Inflation

The WPI Inflation released by the Ministry of Commerce and Industry is a measure of price movements similar to the Consumer Price Indices (CPI). Generally, a high reading is seen as positive (or bullish) for the Rupee, while a low reading is seen as negative (or bearish).

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