WPI inflation expected to average around 0.6 percent in 2016

Q.  WPI inflation is expected to average around what percent in 2016 compared with -2.7 percent in 2015?
- Published on 15 Jun 16

a. 0.9 percent
b. 0.7 percent
c. 0.8 percent
d. 0.6 percent

ANSWER: 0.6 percent
 
WPI inflation is expected to average around 0.6 percent in 2016 compared to -2.7 percent in 2015 owing to rising input costs such as commodity prices
  • On account of the Japanese financial services major, WPI inflation is expected to see a rise following gradual growth recovery
  • Commodity prices have bottomed out and base effects are waning
  • Wholesale price based inflation increased to narrowing output gap
  • Output price inflation was relatively steady at 1.6 percent showing weak pricing power of corporates despite rising costs

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