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Wholesale Price Index Expected To Surge 0.66 Percent

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By Author: Stock Investor
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Wholesale Price Index (WPI) likely to witness a little bit of hardening. In November WPI expected to grow from 0.66 per cent as against 0.16 per cent in October on a month-on-month basis. While the range could be anywhere between 0.3 per cent to 0.9 per cent as per the polls carried out by CNBC TV 18. 
On the other hand, core inflation expected to decline likely from 1.2% to 1.5% compared to the decline of 1.6% on a month-on-month basis. The declining core inflation would signal that manufacturing is clearly under stress. So that would be watched out for very closely. 
The hardening in WPI number due to the higher food inflation which already impacted the Consumer Price Index (CPI) data. There is a possibility that the same trend expected to spread slowly to the WPI data. The November WPI numbers would be declared later today. 

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