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%.
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).
More than a million users rely on FXStreet for real-time market data, charting tools, expert insights, and forex news. Its comprehensive economic calendar and educational webinars help traders stay informed and make calculated decisions. FXStreet is supported by a team of about 60 professionals, split between the Barcelona headquarters and various global regions.