Whole price index seen trending down for April
Wholesale price Index (WPI), a delegate wicker container of
wholesale merchandise, is seen at - 0.25 percent for April as against - 0.85
percent on a month-on-month premise.
WPI is relied upon to be on a descending pattern for
eighteenth month running.
Be that as it may, compression in costs is assessed to be
lesser on the back of hardening food inflation.
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Note that essential that primary food inflation for March
rose to 3.7 percent from 3.4 percent on a month-on-month premise.
Key metric to keep an eye out for will be the amendment in pulses
inflation.
Pulses inflation was steep at 34.4 percent in March 2016.
The Street is expecting a +/ - 0.5 percent tick in inflation
for the primary quarter of FY17.
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