ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

Wholesale Price IndexSubscribe to Wholesale Price Index

Surging Wholesale Prices

Persistent pickup in food and manufactured goods prices will increase downside risks to recovery.

Indexation Policy of the 7th Central Pay Commission Report

There is a need to revise the manner in which the pay commissions have indexed inflation and the concomitant pay rise. This critique looks at the weaknesses of the existing methodology and proposes some revisions to make it more representative and robust.

Inflation with Disinflation?

Price inflation in India as measured by the Wholesale Price Index and the Consumer Price Index has shown diverging trends. While WPI indicates a disinfl ationary situation for 16 months, CPI indicates inflation. Explaining the construction of the two indices, the trends of subgroups of both indices are presented. It is found that the different sample sizes and weightages of commodity groups of both indices and price interventions in the market explains, at least in part, this odd situation of infl ation along with disinfl ation.

Inflation : RBI May Well Be Right

RBI May Well Be Right The outlook for inflation in 2003-04 is expected to remain benign, according to the Reserve Bank. This at a time when inflation, measured by point-to-point changes in the wholesale price index, is well over 6 per cent and the monsoon, or at least the Met office, promises another difficult year. International commodity prices, too, show signs of hardening, despite the welcome signs of crude prices remaining soft. Is it time then to take the central bank
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