Noticed WPI trending down for April

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.