Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 73
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 73
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 74
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 74
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

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    <link rel="canonical" href="https://im4change.in/<pre class="cake-error"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr680231c84569e-trace').style.display = (document.getElementById('cakeErr680231c84569e-trace').style.display == 'none' ? '' : 'none');"><b>Notice</b> (8)</a>: Undefined variable: urlPrefix [<b>APP/Template/Layout/printlayout.ctp</b>, line <b>8</b>]<div id="cakeErr680231c84569e-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr680231c84569e-code').style.display = (document.getElementById('cakeErr680231c84569e-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr680231c84569e-context').style.display = (document.getElementById('cakeErr680231c84569e-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr680231c84569e-code" class="cake-code-dump" style="display: none;"><code><span style="color: #000000"><span style="color: #0000BB"></span><span style="color: #007700">&lt;</span><span style="color: #0000BB">head</span><span style="color: #007700">&gt;
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<span class="code-highlight"><code><span style="color: #000000">&nbsp;&nbsp;&nbsp;&nbsp;&lt;link&nbsp;rel="canonical"&nbsp;href="<span style="color: #0000BB">&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">Configure</span><span style="color: #007700">::</span><span style="color: #0000BB">read</span><span style="color: #007700">(</span><span style="color: #DD0000">'SITE_URL'</span><span style="color: #007700">);&nbsp;</span><span style="color: #0000BB">?&gt;&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$urlPrefix</span><span style="color: #007700">;</span><span style="color: #0000BB">?&gt;&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">category</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">slug</span><span style="color: #007700">;&nbsp;</span><span style="color: #0000BB">?&gt;</span>/<span style="color: #0000BB">&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">seo_url</span><span style="color: #007700">;&nbsp;</span><span style="color: #0000BB">?&gt;</span>.html"/&gt;
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</span></span></code></pre><pre id="cakeErr680231c84569e-context" class="cake-context" style="display: none;">$viewFile = &#039;/home/brlfuser/public_html/src/Template/Layout/printlayout.ctp&#039;
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		&#039;title&#039; =&gt; &#039;New WPI series suggests higher core inflation rate in past 6 months: CRISIL&#039;,
		&#039;subheading&#039; =&gt; &#039;&#039;,
		&#039;description&#039; =&gt; &#039;&lt;div align=&quot;justify&quot;&gt;
-Business Standard&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;WPI inflation for April is at 3.9%, which is 144 (bps) lower than the March inflation rate&lt;br /&gt;
&lt;/em&gt;&lt;br /&gt;
The Ministry of Commerce and Industry unveiled the revised wholesale price index (WPI) on May 12, 2017 as per the 2011-12 base year. As per this release, WPI inflation for April is at 3.9%, which is 144 basis points (bps) lower than the March inflation rate. The decline is mainly due to a 500 bps fall in fuel inflation and an over 200 bps decline in the inflation rate of primary articles. The new series records WPI inflation in fiscal 2017 at 1.7%, 200 bps lower than the number as per the old (2004-05) series.&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;The revised series has two key features:&lt;br /&gt;
&lt;/em&gt;&lt;br /&gt;
1. Excludes central excise duty from prices: The series removes the excise duty component from prices, bringing the measure closer to the producer price index and, at the same time, making it less responsive to changes in tax rates. Hereon, the consumer price index (CPI) will continue reflecting the impact of tax changes (including the impact of goods and services tax or GST implementation on prices). In that sense, therefore, the gap between CPI and WPI can be a crude gauge of the impact of GST on prices.&lt;br /&gt;
&lt;br /&gt;
2. More relevant to the current economic structure: The WPI series adopts a more recent base year and is now aligned with the gross domestic product (GDP) and index of industrial production (IIP)&amp;ndash; also revised &amp;ndash; series. This allows for a more meaningful comparison of the parameter, including the GDP deflator measure. This base year revision also allows items (such as natural gas, petroleum coke) to be included, the production share of has increased overtime. This makes the index more relevant to the current structure of the economy.On the same line, weightages have undergone a change.&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;So what does the new series suggest?&lt;br /&gt;
&lt;/em&gt;&lt;br /&gt;
Inflation rate is lower,which could lead to an upward revision in past real GDP growth rates:The real GDP estimates (measured from the expenditure side) are computed by deflating the nominal GDP data. A lower WPI inflation rate could, therefore, pull up past real GDP growth rates for fiscal 2017, provided other factors influencing GDP remain unchanged in the revised data. Headline WPI inflation is lower by nearly 2 percentage points in fiscal 2017, and nearly 1 percentage points for preceding fiscals.&lt;br /&gt;
&lt;br /&gt;
The revised series shows a slightly sharper price-negative impact of demonetisation in the third quarter: Comparing quarterly data for WPI under the two series shows a sharper fall in WPI during the third quarter of fiscal 2017 as per the new series. WPI inflation fell to 0.2% in the third quarter from 1% in the previous quarter. In comparison, the old series saw WPI inflation fall 30 bps to 3.5%. The divergence mainly arises from the primary articles and manufacturing sub-groups. &lt;br /&gt;
&lt;br /&gt;
Please &lt;a href=&quot;http://www.business-standard.com/article/economy-policy/new-wpi-series-suggests-higher-core-inflation-rate-in-past-6-months-crisil-117051300169_1.html&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;
&lt;/div&gt;&#039;,
		&#039;credit_writer&#039; =&gt; &#039;Business Standard, 13 May, 2017, http://www.business-standard.com/article/economy-policy/new-wpi-series-suggests-higher-core-inflation-rate-in-past-6-months-crisil-117051300169_1.html&#039;,
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-Business Standard

WPI inflation for April is at 3.9%, which is 144 (bps) lower than the March inflation rate

The Ministry of Commerce and Industry unveiled the revised wholesale price index (WPI) on May 12, 2017 as per the 2011-12 base year....&#039;,
	&#039;disp&#039; =&gt; &#039;&lt;div align=&quot;justify&quot;&gt;-Business Standard&lt;br /&gt;&lt;br /&gt;&lt;em&gt;WPI inflation for April is at 3.9%, which is 144 (bps) lower than the March inflation rate&lt;br /&gt;&lt;/em&gt;&lt;br /&gt;The Ministry of Commerce and Industry unveiled the revised wholesale price index (WPI) on May 12, 2017 as per the 2011-12 base year. As per this release, WPI inflation for April is at 3.9%, which is 144 basis points (bps) lower than the March inflation rate. The decline is mainly due to a 500 bps fall in fuel inflation and an over 200 bps decline in the inflation rate of primary articles. The new series records WPI inflation in fiscal 2017 at 1.7%, 200 bps lower than the number as per the old (2004-05) series.&lt;br /&gt;&lt;br /&gt;&lt;em&gt;The revised series has two key features:&lt;br /&gt;&lt;/em&gt;&lt;br /&gt;1. Excludes central excise duty from prices: The series removes the excise duty component from prices, bringing the measure closer to the producer price index and, at the same time, making it less responsive to changes in tax rates. Hereon, the consumer price index (CPI) will continue reflecting the impact of tax changes (including the impact of goods and services tax or GST implementation on prices). In that sense, therefore, the gap between CPI and WPI can be a crude gauge of the impact of GST on prices.&lt;br /&gt;&lt;br /&gt;2. More relevant to the current economic structure: The WPI series adopts a more recent base year and is now aligned with the gross domestic product (GDP) and index of industrial production (IIP)&amp;ndash; also revised &amp;ndash; series. This allows for a more meaningful comparison of the parameter, including the GDP deflator measure. This base year revision also allows items (such as natural gas, petroleum coke) to be included, the production share of has increased overtime. This makes the index more relevant to the current structure of the economy.On the same line, weightages have undergone a change.&lt;br /&gt;&lt;br /&gt;&lt;em&gt;So what does the new series suggest?&lt;br /&gt;&lt;/em&gt;&lt;br /&gt;Inflation rate is lower,which could lead to an upward revision in past real GDP growth rates:The real GDP estimates (measured from the expenditure side) are computed by deflating the nominal GDP data. A lower WPI inflation rate could, therefore, pull up past real GDP growth rates for fiscal 2017, provided other factors influencing GDP remain unchanged in the revised data. Headline WPI inflation is lower by nearly 2 percentage points in fiscal 2017, and nearly 1 percentage points for preceding fiscals.&lt;br /&gt;&lt;br /&gt;The revised series shows a slightly sharper price-negative impact of demonetisation in the third quarter: Comparing quarterly data for WPI under the two series shows a sharper fall in WPI during the third quarter of fiscal 2017 as per the new series. WPI inflation fell to 0.2% in the third quarter from 1% in the previous quarter. In comparison, the old series saw WPI inflation fall 30 bps to 3.5%. The divergence mainly arises from the primary articles and manufacturing sub-groups. &lt;br /&gt;&lt;br /&gt;Please &lt;a href=&quot;http://www.business-standard.com/article/economy-policy/new-wpi-series-suggests-higher-core-inflation-rate-in-past-6-months-crisil-117051300169_1.html&quot; title=&quot;http://www.business-standard.com/article/economy-policy/new-wpi-series-suggests-higher-core-inflation-rate-in-past-6-months-crisil-117051300169_1.html&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;&lt;/div&gt;&#039;,
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&lt;br /&gt;
&lt;em&gt;WPI inflation for April is at 3.9%, which is 144 (bps) lower than the March inflation rate&lt;br /&gt;
&lt;/em&gt;&lt;br /&gt;
The Ministry of Commerce and Industry unveiled the revised wholesale price index (WPI) on May 12, 2017 as per the 2011-12 base year. As per this release, WPI inflation for April is at 3.9%, which is 144 basis points (bps) lower than the March inflation rate. The decline is mainly due to a 500 bps fall in fuel inflation and an over 200 bps decline in the inflation rate of primary articles. The new series records WPI inflation in fiscal 2017 at 1.7%, 200 bps lower than the number as per the old (2004-05) series.&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;The revised series has two key features:&lt;br /&gt;
&lt;/em&gt;&lt;br /&gt;
1. Excludes central excise duty from prices: The series removes the excise duty component from prices, bringing the measure closer to the producer price index and, at the same time, making it less responsive to changes in tax rates. Hereon, the consumer price index (CPI) will continue reflecting the impact of tax changes (including the impact of goods and services tax or GST implementation on prices). In that sense, therefore, the gap between CPI and WPI can be a crude gauge of the impact of GST on prices.&lt;br /&gt;
&lt;br /&gt;
2. More relevant to the current economic structure: The WPI series adopts a more recent base year and is now aligned with the gross domestic product (GDP) and index of industrial production (IIP)&amp;ndash; also revised &amp;ndash; series. This allows for a more meaningful comparison of the parameter, including the GDP deflator measure. This base year revision also allows items (such as natural gas, petroleum coke) to be included, the production share of has increased overtime. This makes the index more relevant to the current structure of the economy.On the same line, weightages have undergone a change.&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;So what does the new series suggest?&lt;br /&gt;
&lt;/em&gt;&lt;br /&gt;
Inflation rate is lower,which could lead to an upward revision in past real GDP growth rates:The real GDP estimates (measured from the expenditure side) are computed by deflating the nominal GDP data. A lower WPI inflation rate could, therefore, pull up past real GDP growth rates for fiscal 2017, provided other factors influencing GDP remain unchanged in the revised data. Headline WPI inflation is lower by nearly 2 percentage points in fiscal 2017, and nearly 1 percentage points for preceding fiscals.&lt;br /&gt;
&lt;br /&gt;
The revised series shows a slightly sharper price-negative impact of demonetisation in the third quarter: Comparing quarterly data for WPI under the two series shows a sharper fall in WPI during the third quarter of fiscal 2017 as per the new series. WPI inflation fell to 0.2% in the third quarter from 1% in the previous quarter. In comparison, the old series saw WPI inflation fall 30 bps to 3.5%. The divergence mainly arises from the primary articles and manufacturing sub-groups. &lt;br /&gt;
&lt;br /&gt;
Please &lt;a href=&quot;http://www.business-standard.com/article/economy-policy/new-wpi-series-suggests-higher-core-inflation-rate-in-past-6-months-crisil-117051300169_1.html&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;
&lt;/div&gt;&#039;,
	&#039;credit_writer&#039; =&gt; &#039;Business Standard, 13 May, 2017, http://www.business-standard.com/article/economy-policy/new-wpi-series-suggests-higher-core-inflation-rate-in-past-6-months-crisil-117051300169_1.html&#039;,
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-Business Standard

WPI inflation for April is at 3.9%, which is 144 (bps) lower than the March inflation rate

The Ministry of Commerce and Industry unveiled the revised wholesale price index (WPI) on May 12, 2017 as per the 2011-12 base year....&#039;
$disp = &#039;&lt;div align=&quot;justify&quot;&gt;-Business Standard&lt;br /&gt;&lt;br /&gt;&lt;em&gt;WPI inflation for April is at 3.9%, which is 144 (bps) lower than the March inflation rate&lt;br /&gt;&lt;/em&gt;&lt;br /&gt;The Ministry of Commerce and Industry unveiled the revised wholesale price index (WPI) on May 12, 2017 as per the 2011-12 base year. As per this release, WPI inflation for April is at 3.9%, which is 144 basis points (bps) lower than the March inflation rate. The decline is mainly due to a 500 bps fall in fuel inflation and an over 200 bps decline in the inflation rate of primary articles. The new series records WPI inflation in fiscal 2017 at 1.7%, 200 bps lower than the number as per the old (2004-05) series.&lt;br /&gt;&lt;br /&gt;&lt;em&gt;The revised series has two key features:&lt;br /&gt;&lt;/em&gt;&lt;br /&gt;1. Excludes central excise duty from prices: The series removes the excise duty component from prices, bringing the measure closer to the producer price index and, at the same time, making it less responsive to changes in tax rates. Hereon, the consumer price index (CPI) will continue reflecting the impact of tax changes (including the impact of goods and services tax or GST implementation on prices). In that sense, therefore, the gap between CPI and WPI can be a crude gauge of the impact of GST on prices.&lt;br /&gt;&lt;br /&gt;2. More relevant to the current economic structure: The WPI series adopts a more recent base year and is now aligned with the gross domestic product (GDP) and index of industrial production (IIP)&amp;ndash; also revised &amp;ndash; series. This allows for a more meaningful comparison of the parameter, including the GDP deflator measure. This base year revision also allows items (such as natural gas, petroleum coke) to be included, the production share of has increased overtime. This makes the index more relevant to the current structure of the economy.On the same line, weightages have undergone a change.&lt;br /&gt;&lt;br /&gt;&lt;em&gt;So what does the new series suggest?&lt;br /&gt;&lt;/em&gt;&lt;br /&gt;Inflation rate is lower,which could lead to an upward revision in past real GDP growth rates:The real GDP estimates (measured from the expenditure side) are computed by deflating the nominal GDP data. A lower WPI inflation rate could, therefore, pull up past real GDP growth rates for fiscal 2017, provided other factors influencing GDP remain unchanged in the revised data. Headline WPI inflation is lower by nearly 2 percentage points in fiscal 2017, and nearly 1 percentage points for preceding fiscals.&lt;br /&gt;&lt;br /&gt;The revised series shows a slightly sharper price-negative impact of demonetisation in the third quarter: Comparing quarterly data for WPI under the two series shows a sharper fall in WPI during the third quarter of fiscal 2017 as per the new series. WPI inflation fell to 0.2% in the third quarter from 1% in the previous quarter. In comparison, the old series saw WPI inflation fall 30 bps to 3.5%. The divergence mainly arises from the primary articles and manufacturing sub-groups. &lt;br /&gt;&lt;br /&gt;Please &lt;a href=&quot;http://www.business-standard.com/article/economy-policy/new-wpi-series-suggests-higher-core-inflation-rate-in-past-6-months-crisil-117051300169_1.html&quot; title=&quot;http://www.business-standard.com/article/economy-policy/new-wpi-series-suggests-higher-core-inflation-rate-in-past-6-months-crisil-117051300169_1.html&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;&lt;/div&gt;&#039;
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-Business Standard

WPI inflation for April is at 3.9%, which is 144 (bps) lower than the March inflation rate

The Ministry of Commerce and Industry unveiled the revised wholesale price index (WPI) on May 12, 2017 as per the 2011-12 base year...."/>
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                <strong>New WPI series suggests higher core inflation rate in past 6 months: CRISIL</strong></h1>
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                <div align="justify">-Business Standard<br /><br /><em>WPI inflation for April is at 3.9%, which is 144 (bps) lower than the March inflation rate<br /></em><br />The Ministry of Commerce and Industry unveiled the revised wholesale price index (WPI) on May 12, 2017 as per the 2011-12 base year. As per this release, WPI inflation for April is at 3.9%, which is 144 basis points (bps) lower than the March inflation rate. The decline is mainly due to a 500 bps fall in fuel inflation and an over 200 bps decline in the inflation rate of primary articles. The new series records WPI inflation in fiscal 2017 at 1.7%, 200 bps lower than the number as per the old (2004-05) series.<br /><br /><em>The revised series has two key features:<br /></em><br />1. Excludes central excise duty from prices: The series removes the excise duty component from prices, bringing the measure closer to the producer price index and, at the same time, making it less responsive to changes in tax rates. Hereon, the consumer price index (CPI) will continue reflecting the impact of tax changes (including the impact of goods and services tax or GST implementation on prices). In that sense, therefore, the gap between CPI and WPI can be a crude gauge of the impact of GST on prices.<br /><br />2. More relevant to the current economic structure: The WPI series adopts a more recent base year and is now aligned with the gross domestic product (GDP) and index of industrial production (IIP)&ndash; also revised &ndash; series. This allows for a more meaningful comparison of the parameter, including the GDP deflator measure. This base year revision also allows items (such as natural gas, petroleum coke) to be included, the production share of has increased overtime. This makes the index more relevant to the current structure of the economy.On the same line, weightages have undergone a change.<br /><br /><em>So what does the new series suggest?<br /></em><br />Inflation rate is lower,which could lead to an upward revision in past real GDP growth rates:The real GDP estimates (measured from the expenditure side) are computed by deflating the nominal GDP data. A lower WPI inflation rate could, therefore, pull up past real GDP growth rates for fiscal 2017, provided other factors influencing GDP remain unchanged in the revised data. Headline WPI inflation is lower by nearly 2 percentage points in fiscal 2017, and nearly 1 percentage points for preceding fiscals.<br /><br />The revised series shows a slightly sharper price-negative impact of demonetisation in the third quarter: Comparing quarterly data for WPI under the two series shows a sharper fall in WPI during the third quarter of fiscal 2017 as per the new series. WPI inflation fell to 0.2% in the third quarter from 1% in the previous quarter. In comparison, the old series saw WPI inflation fall 30 bps to 3.5%. The divergence mainly arises from the primary articles and manufacturing sub-groups. <br /><br />Please <a href="http://www.business-standard.com/article/economy-policy/new-wpi-series-suggests-higher-core-inflation-rate-in-past-6-months-crisil-117051300169_1.html" title="http://www.business-standard.com/article/economy-policy/new-wpi-series-suggests-higher-core-inflation-rate-in-past-6-months-crisil-117051300169_1.html">click here</a> to read more. <br /></div>               </font>
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		&#039;subheading&#039; =&gt; &#039;&#039;,
		&#039;description&#039; =&gt; &#039;&lt;div align=&quot;justify&quot;&gt;
-Business Standard&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;WPI inflation for April is at 3.9%, which is 144 (bps) lower than the March inflation rate&lt;br /&gt;
&lt;/em&gt;&lt;br /&gt;
The Ministry of Commerce and Industry unveiled the revised wholesale price index (WPI) on May 12, 2017 as per the 2011-12 base year. As per this release, WPI inflation for April is at 3.9%, which is 144 basis points (bps) lower than the March inflation rate. The decline is mainly due to a 500 bps fall in fuel inflation and an over 200 bps decline in the inflation rate of primary articles. The new series records WPI inflation in fiscal 2017 at 1.7%, 200 bps lower than the number as per the old (2004-05) series.&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;The revised series has two key features:&lt;br /&gt;
&lt;/em&gt;&lt;br /&gt;
1. Excludes central excise duty from prices: The series removes the excise duty component from prices, bringing the measure closer to the producer price index and, at the same time, making it less responsive to changes in tax rates. Hereon, the consumer price index (CPI) will continue reflecting the impact of tax changes (including the impact of goods and services tax or GST implementation on prices). In that sense, therefore, the gap between CPI and WPI can be a crude gauge of the impact of GST on prices.&lt;br /&gt;
&lt;br /&gt;
2. More relevant to the current economic structure: The WPI series adopts a more recent base year and is now aligned with the gross domestic product (GDP) and index of industrial production (IIP)&amp;ndash; also revised &amp;ndash; series. This allows for a more meaningful comparison of the parameter, including the GDP deflator measure. This base year revision also allows items (such as natural gas, petroleum coke) to be included, the production share of has increased overtime. This makes the index more relevant to the current structure of the economy.On the same line, weightages have undergone a change.&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;So what does the new series suggest?&lt;br /&gt;
&lt;/em&gt;&lt;br /&gt;
Inflation rate is lower,which could lead to an upward revision in past real GDP growth rates:The real GDP estimates (measured from the expenditure side) are computed by deflating the nominal GDP data. A lower WPI inflation rate could, therefore, pull up past real GDP growth rates for fiscal 2017, provided other factors influencing GDP remain unchanged in the revised data. Headline WPI inflation is lower by nearly 2 percentage points in fiscal 2017, and nearly 1 percentage points for preceding fiscals.&lt;br /&gt;
&lt;br /&gt;
The revised series shows a slightly sharper price-negative impact of demonetisation in the third quarter: Comparing quarterly data for WPI under the two series shows a sharper fall in WPI during the third quarter of fiscal 2017 as per the new series. WPI inflation fell to 0.2% in the third quarter from 1% in the previous quarter. In comparison, the old series saw WPI inflation fall 30 bps to 3.5%. The divergence mainly arises from the primary articles and manufacturing sub-groups. &lt;br /&gt;
&lt;br /&gt;
Please &lt;a href=&quot;http://www.business-standard.com/article/economy-policy/new-wpi-series-suggests-higher-core-inflation-rate-in-past-6-months-crisil-117051300169_1.html&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;
&lt;/div&gt;&#039;,
		&#039;credit_writer&#039; =&gt; &#039;Business Standard, 13 May, 2017, http://www.business-standard.com/article/economy-policy/new-wpi-series-suggests-higher-core-inflation-rate-in-past-6-months-crisil-117051300169_1.html&#039;,
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-Business Standard

WPI inflation for April is at 3.9%, which is 144 (bps) lower than the March inflation rate

The Ministry of Commerce and Industry unveiled the revised wholesale price index (WPI) on May 12, 2017 as per the 2011-12 base year....&#039;,
	&#039;disp&#039; =&gt; &#039;&lt;div align=&quot;justify&quot;&gt;-Business Standard&lt;br /&gt;&lt;br /&gt;&lt;em&gt;WPI inflation for April is at 3.9%, which is 144 (bps) lower than the March inflation rate&lt;br /&gt;&lt;/em&gt;&lt;br /&gt;The Ministry of Commerce and Industry unveiled the revised wholesale price index (WPI) on May 12, 2017 as per the 2011-12 base year. As per this release, WPI inflation for April is at 3.9%, which is 144 basis points (bps) lower than the March inflation rate. The decline is mainly due to a 500 bps fall in fuel inflation and an over 200 bps decline in the inflation rate of primary articles. The new series records WPI inflation in fiscal 2017 at 1.7%, 200 bps lower than the number as per the old (2004-05) series.&lt;br /&gt;&lt;br /&gt;&lt;em&gt;The revised series has two key features:&lt;br /&gt;&lt;/em&gt;&lt;br /&gt;1. Excludes central excise duty from prices: The series removes the excise duty component from prices, bringing the measure closer to the producer price index and, at the same time, making it less responsive to changes in tax rates. Hereon, the consumer price index (CPI) will continue reflecting the impact of tax changes (including the impact of goods and services tax or GST implementation on prices). In that sense, therefore, the gap between CPI and WPI can be a crude gauge of the impact of GST on prices.&lt;br /&gt;&lt;br /&gt;2. More relevant to the current economic structure: The WPI series adopts a more recent base year and is now aligned with the gross domestic product (GDP) and index of industrial production (IIP)&amp;ndash; also revised &amp;ndash; series. This allows for a more meaningful comparison of the parameter, including the GDP deflator measure. This base year revision also allows items (such as natural gas, petroleum coke) to be included, the production share of has increased overtime. This makes the index more relevant to the current structure of the economy.On the same line, weightages have undergone a change.&lt;br /&gt;&lt;br /&gt;&lt;em&gt;So what does the new series suggest?&lt;br /&gt;&lt;/em&gt;&lt;br /&gt;Inflation rate is lower,which could lead to an upward revision in past real GDP growth rates:The real GDP estimates (measured from the expenditure side) are computed by deflating the nominal GDP data. A lower WPI inflation rate could, therefore, pull up past real GDP growth rates for fiscal 2017, provided other factors influencing GDP remain unchanged in the revised data. Headline WPI inflation is lower by nearly 2 percentage points in fiscal 2017, and nearly 1 percentage points for preceding fiscals.&lt;br /&gt;&lt;br /&gt;The revised series shows a slightly sharper price-negative impact of demonetisation in the third quarter: Comparing quarterly data for WPI under the two series shows a sharper fall in WPI during the third quarter of fiscal 2017 as per the new series. WPI inflation fell to 0.2% in the third quarter from 1% in the previous quarter. In comparison, the old series saw WPI inflation fall 30 bps to 3.5%. The divergence mainly arises from the primary articles and manufacturing sub-groups. &lt;br /&gt;&lt;br /&gt;Please &lt;a href=&quot;http://www.business-standard.com/article/economy-policy/new-wpi-series-suggests-higher-core-inflation-rate-in-past-6-months-crisil-117051300169_1.html&quot; title=&quot;http://www.business-standard.com/article/economy-policy/new-wpi-series-suggests-higher-core-inflation-rate-in-past-6-months-crisil-117051300169_1.html&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;&lt;/div&gt;&#039;,
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	&#039;description&#039; =&gt; &#039;&lt;div align=&quot;justify&quot;&gt;
-Business Standard&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;WPI inflation for April is at 3.9%, which is 144 (bps) lower than the March inflation rate&lt;br /&gt;
&lt;/em&gt;&lt;br /&gt;
The Ministry of Commerce and Industry unveiled the revised wholesale price index (WPI) on May 12, 2017 as per the 2011-12 base year. As per this release, WPI inflation for April is at 3.9%, which is 144 basis points (bps) lower than the March inflation rate. The decline is mainly due to a 500 bps fall in fuel inflation and an over 200 bps decline in the inflation rate of primary articles. The new series records WPI inflation in fiscal 2017 at 1.7%, 200 bps lower than the number as per the old (2004-05) series.&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;The revised series has two key features:&lt;br /&gt;
&lt;/em&gt;&lt;br /&gt;
1. Excludes central excise duty from prices: The series removes the excise duty component from prices, bringing the measure closer to the producer price index and, at the same time, making it less responsive to changes in tax rates. Hereon, the consumer price index (CPI) will continue reflecting the impact of tax changes (including the impact of goods and services tax or GST implementation on prices). In that sense, therefore, the gap between CPI and WPI can be a crude gauge of the impact of GST on prices.&lt;br /&gt;
&lt;br /&gt;
2. More relevant to the current economic structure: The WPI series adopts a more recent base year and is now aligned with the gross domestic product (GDP) and index of industrial production (IIP)&amp;ndash; also revised &amp;ndash; series. This allows for a more meaningful comparison of the parameter, including the GDP deflator measure. This base year revision also allows items (such as natural gas, petroleum coke) to be included, the production share of has increased overtime. This makes the index more relevant to the current structure of the economy.On the same line, weightages have undergone a change.&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;So what does the new series suggest?&lt;br /&gt;
&lt;/em&gt;&lt;br /&gt;
Inflation rate is lower,which could lead to an upward revision in past real GDP growth rates:The real GDP estimates (measured from the expenditure side) are computed by deflating the nominal GDP data. A lower WPI inflation rate could, therefore, pull up past real GDP growth rates for fiscal 2017, provided other factors influencing GDP remain unchanged in the revised data. Headline WPI inflation is lower by nearly 2 percentage points in fiscal 2017, and nearly 1 percentage points for preceding fiscals.&lt;br /&gt;
&lt;br /&gt;
The revised series shows a slightly sharper price-negative impact of demonetisation in the third quarter: Comparing quarterly data for WPI under the two series shows a sharper fall in WPI during the third quarter of fiscal 2017 as per the new series. WPI inflation fell to 0.2% in the third quarter from 1% in the previous quarter. In comparison, the old series saw WPI inflation fall 30 bps to 3.5%. The divergence mainly arises from the primary articles and manufacturing sub-groups. &lt;br /&gt;
&lt;br /&gt;
Please &lt;a href=&quot;http://www.business-standard.com/article/economy-policy/new-wpi-series-suggests-higher-core-inflation-rate-in-past-6-months-crisil-117051300169_1.html&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;
&lt;/div&gt;&#039;,
	&#039;credit_writer&#039; =&gt; &#039;Business Standard, 13 May, 2017, http://www.business-standard.com/article/economy-policy/new-wpi-series-suggests-higher-core-inflation-rate-in-past-6-months-crisil-117051300169_1.html&#039;,
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-Business Standard

WPI inflation for April is at 3.9%, which is 144 (bps) lower than the March inflation rate

The Ministry of Commerce and Industry unveiled the revised wholesale price index (WPI) on May 12, 2017 as per the 2011-12 base year....&#039;
$disp = &#039;&lt;div align=&quot;justify&quot;&gt;-Business Standard&lt;br /&gt;&lt;br /&gt;&lt;em&gt;WPI inflation for April is at 3.9%, which is 144 (bps) lower than the March inflation rate&lt;br /&gt;&lt;/em&gt;&lt;br /&gt;The Ministry of Commerce and Industry unveiled the revised wholesale price index (WPI) on May 12, 2017 as per the 2011-12 base year. As per this release, WPI inflation for April is at 3.9%, which is 144 basis points (bps) lower than the March inflation rate. The decline is mainly due to a 500 bps fall in fuel inflation and an over 200 bps decline in the inflation rate of primary articles. The new series records WPI inflation in fiscal 2017 at 1.7%, 200 bps lower than the number as per the old (2004-05) series.&lt;br /&gt;&lt;br /&gt;&lt;em&gt;The revised series has two key features:&lt;br /&gt;&lt;/em&gt;&lt;br /&gt;1. Excludes central excise duty from prices: The series removes the excise duty component from prices, bringing the measure closer to the producer price index and, at the same time, making it less responsive to changes in tax rates. Hereon, the consumer price index (CPI) will continue reflecting the impact of tax changes (including the impact of goods and services tax or GST implementation on prices). In that sense, therefore, the gap between CPI and WPI can be a crude gauge of the impact of GST on prices.&lt;br /&gt;&lt;br /&gt;2. More relevant to the current economic structure: The WPI series adopts a more recent base year and is now aligned with the gross domestic product (GDP) and index of industrial production (IIP)&amp;ndash; also revised &amp;ndash; series. This allows for a more meaningful comparison of the parameter, including the GDP deflator measure. This base year revision also allows items (such as natural gas, petroleum coke) to be included, the production share of has increased overtime. This makes the index more relevant to the current structure of the economy.On the same line, weightages have undergone a change.&lt;br /&gt;&lt;br /&gt;&lt;em&gt;So what does the new series suggest?&lt;br /&gt;&lt;/em&gt;&lt;br /&gt;Inflation rate is lower,which could lead to an upward revision in past real GDP growth rates:The real GDP estimates (measured from the expenditure side) are computed by deflating the nominal GDP data. A lower WPI inflation rate could, therefore, pull up past real GDP growth rates for fiscal 2017, provided other factors influencing GDP remain unchanged in the revised data. Headline WPI inflation is lower by nearly 2 percentage points in fiscal 2017, and nearly 1 percentage points for preceding fiscals.&lt;br /&gt;&lt;br /&gt;The revised series shows a slightly sharper price-negative impact of demonetisation in the third quarter: Comparing quarterly data for WPI under the two series shows a sharper fall in WPI during the third quarter of fiscal 2017 as per the new series. WPI inflation fell to 0.2% in the third quarter from 1% in the previous quarter. In comparison, the old series saw WPI inflation fall 30 bps to 3.5%. The divergence mainly arises from the primary articles and manufacturing sub-groups. &lt;br /&gt;&lt;br /&gt;Please &lt;a href=&quot;http://www.business-standard.com/article/economy-policy/new-wpi-series-suggests-higher-core-inflation-rate-in-past-6-months-crisil-117051300169_1.html&quot; title=&quot;http://www.business-standard.com/article/economy-policy/new-wpi-series-suggests-higher-core-inflation-rate-in-past-6-months-crisil-117051300169_1.html&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;&lt;/div&gt;&#039;
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-Business Standard

WPI inflation for April is at 3.9%, which is 144 (bps) lower than the March inflation rate

The Ministry of Commerce and Industry unveiled the revised wholesale price index (WPI) on May 12, 2017 as per the 2011-12 base year...."/>
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                <strong>New WPI series suggests higher core inflation rate in past 6 months: CRISIL</strong></h1>
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                <div align="justify">-Business Standard<br /><br /><em>WPI inflation for April is at 3.9%, which is 144 (bps) lower than the March inflation rate<br /></em><br />The Ministry of Commerce and Industry unveiled the revised wholesale price index (WPI) on May 12, 2017 as per the 2011-12 base year. As per this release, WPI inflation for April is at 3.9%, which is 144 basis points (bps) lower than the March inflation rate. The decline is mainly due to a 500 bps fall in fuel inflation and an over 200 bps decline in the inflation rate of primary articles. The new series records WPI inflation in fiscal 2017 at 1.7%, 200 bps lower than the number as per the old (2004-05) series.<br /><br /><em>The revised series has two key features:<br /></em><br />1. Excludes central excise duty from prices: The series removes the excise duty component from prices, bringing the measure closer to the producer price index and, at the same time, making it less responsive to changes in tax rates. Hereon, the consumer price index (CPI) will continue reflecting the impact of tax changes (including the impact of goods and services tax or GST implementation on prices). In that sense, therefore, the gap between CPI and WPI can be a crude gauge of the impact of GST on prices.<br /><br />2. More relevant to the current economic structure: The WPI series adopts a more recent base year and is now aligned with the gross domestic product (GDP) and index of industrial production (IIP)&ndash; also revised &ndash; series. This allows for a more meaningful comparison of the parameter, including the GDP deflator measure. This base year revision also allows items (such as natural gas, petroleum coke) to be included, the production share of has increased overtime. This makes the index more relevant to the current structure of the economy.On the same line, weightages have undergone a change.<br /><br /><em>So what does the new series suggest?<br /></em><br />Inflation rate is lower,which could lead to an upward revision in past real GDP growth rates:The real GDP estimates (measured from the expenditure side) are computed by deflating the nominal GDP data. A lower WPI inflation rate could, therefore, pull up past real GDP growth rates for fiscal 2017, provided other factors influencing GDP remain unchanged in the revised data. Headline WPI inflation is lower by nearly 2 percentage points in fiscal 2017, and nearly 1 percentage points for preceding fiscals.<br /><br />The revised series shows a slightly sharper price-negative impact of demonetisation in the third quarter: Comparing quarterly data for WPI under the two series shows a sharper fall in WPI during the third quarter of fiscal 2017 as per the new series. WPI inflation fell to 0.2% in the third quarter from 1% in the previous quarter. In comparison, the old series saw WPI inflation fall 30 bps to 3.5%. The divergence mainly arises from the primary articles and manufacturing sub-groups. <br /><br />Please <a href="http://www.business-standard.com/article/economy-policy/new-wpi-series-suggests-higher-core-inflation-rate-in-past-6-months-crisil-117051300169_1.html" title="http://www.business-standard.com/article/economy-policy/new-wpi-series-suggests-higher-core-inflation-rate-in-past-6-months-crisil-117051300169_1.html">click here</a> to read more. <br /></div>               </font>
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		&#039;id&#039; =&gt; (int) 33712,
		&#039;title&#039; =&gt; &#039;New WPI series suggests higher core inflation rate in past 6 months: CRISIL&#039;,
		&#039;subheading&#039; =&gt; &#039;&#039;,
		&#039;description&#039; =&gt; &#039;&lt;div align=&quot;justify&quot;&gt;
-Business Standard&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;WPI inflation for April is at 3.9%, which is 144 (bps) lower than the March inflation rate&lt;br /&gt;
&lt;/em&gt;&lt;br /&gt;
The Ministry of Commerce and Industry unveiled the revised wholesale price index (WPI) on May 12, 2017 as per the 2011-12 base year. As per this release, WPI inflation for April is at 3.9%, which is 144 basis points (bps) lower than the March inflation rate. The decline is mainly due to a 500 bps fall in fuel inflation and an over 200 bps decline in the inflation rate of primary articles. The new series records WPI inflation in fiscal 2017 at 1.7%, 200 bps lower than the number as per the old (2004-05) series.&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;The revised series has two key features:&lt;br /&gt;
&lt;/em&gt;&lt;br /&gt;
1. Excludes central excise duty from prices: The series removes the excise duty component from prices, bringing the measure closer to the producer price index and, at the same time, making it less responsive to changes in tax rates. Hereon, the consumer price index (CPI) will continue reflecting the impact of tax changes (including the impact of goods and services tax or GST implementation on prices). In that sense, therefore, the gap between CPI and WPI can be a crude gauge of the impact of GST on prices.&lt;br /&gt;
&lt;br /&gt;
2. More relevant to the current economic structure: The WPI series adopts a more recent base year and is now aligned with the gross domestic product (GDP) and index of industrial production (IIP)&amp;ndash; also revised &amp;ndash; series. This allows for a more meaningful comparison of the parameter, including the GDP deflator measure. This base year revision also allows items (such as natural gas, petroleum coke) to be included, the production share of has increased overtime. This makes the index more relevant to the current structure of the economy.On the same line, weightages have undergone a change.&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;So what does the new series suggest?&lt;br /&gt;
&lt;/em&gt;&lt;br /&gt;
Inflation rate is lower,which could lead to an upward revision in past real GDP growth rates:The real GDP estimates (measured from the expenditure side) are computed by deflating the nominal GDP data. A lower WPI inflation rate could, therefore, pull up past real GDP growth rates for fiscal 2017, provided other factors influencing GDP remain unchanged in the revised data. Headline WPI inflation is lower by nearly 2 percentage points in fiscal 2017, and nearly 1 percentage points for preceding fiscals.&lt;br /&gt;
&lt;br /&gt;
The revised series shows a slightly sharper price-negative impact of demonetisation in the third quarter: Comparing quarterly data for WPI under the two series shows a sharper fall in WPI during the third quarter of fiscal 2017 as per the new series. WPI inflation fell to 0.2% in the third quarter from 1% in the previous quarter. In comparison, the old series saw WPI inflation fall 30 bps to 3.5%. The divergence mainly arises from the primary articles and manufacturing sub-groups. &lt;br /&gt;
&lt;br /&gt;
Please &lt;a href=&quot;http://www.business-standard.com/article/economy-policy/new-wpi-series-suggests-higher-core-inflation-rate-in-past-6-months-crisil-117051300169_1.html&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;
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WPI inflation for April is at 3.9%, which is 144 (bps) lower than the March inflation rate

The Ministry of Commerce and Industry unveiled the revised wholesale price index (WPI) on May 12, 2017 as per the 2011-12 base year....&#039;,
	&#039;disp&#039; =&gt; &#039;&lt;div align=&quot;justify&quot;&gt;-Business Standard&lt;br /&gt;&lt;br /&gt;&lt;em&gt;WPI inflation for April is at 3.9%, which is 144 (bps) lower than the March inflation rate&lt;br /&gt;&lt;/em&gt;&lt;br /&gt;The Ministry of Commerce and Industry unveiled the revised wholesale price index (WPI) on May 12, 2017 as per the 2011-12 base year. As per this release, WPI inflation for April is at 3.9%, which is 144 basis points (bps) lower than the March inflation rate. The decline is mainly due to a 500 bps fall in fuel inflation and an over 200 bps decline in the inflation rate of primary articles. The new series records WPI inflation in fiscal 2017 at 1.7%, 200 bps lower than the number as per the old (2004-05) series.&lt;br /&gt;&lt;br /&gt;&lt;em&gt;The revised series has two key features:&lt;br /&gt;&lt;/em&gt;&lt;br /&gt;1. Excludes central excise duty from prices: The series removes the excise duty component from prices, bringing the measure closer to the producer price index and, at the same time, making it less responsive to changes in tax rates. Hereon, the consumer price index (CPI) will continue reflecting the impact of tax changes (including the impact of goods and services tax or GST implementation on prices). In that sense, therefore, the gap between CPI and WPI can be a crude gauge of the impact of GST on prices.&lt;br /&gt;&lt;br /&gt;2. More relevant to the current economic structure: The WPI series adopts a more recent base year and is now aligned with the gross domestic product (GDP) and index of industrial production (IIP)&amp;ndash; also revised &amp;ndash; series. This allows for a more meaningful comparison of the parameter, including the GDP deflator measure. This base year revision also allows items (such as natural gas, petroleum coke) to be included, the production share of has increased overtime. This makes the index more relevant to the current structure of the economy.On the same line, weightages have undergone a change.&lt;br /&gt;&lt;br /&gt;&lt;em&gt;So what does the new series suggest?&lt;br /&gt;&lt;/em&gt;&lt;br /&gt;Inflation rate is lower,which could lead to an upward revision in past real GDP growth rates:The real GDP estimates (measured from the expenditure side) are computed by deflating the nominal GDP data. A lower WPI inflation rate could, therefore, pull up past real GDP growth rates for fiscal 2017, provided other factors influencing GDP remain unchanged in the revised data. Headline WPI inflation is lower by nearly 2 percentage points in fiscal 2017, and nearly 1 percentage points for preceding fiscals.&lt;br /&gt;&lt;br /&gt;The revised series shows a slightly sharper price-negative impact of demonetisation in the third quarter: Comparing quarterly data for WPI under the two series shows a sharper fall in WPI during the third quarter of fiscal 2017 as per the new series. WPI inflation fell to 0.2% in the third quarter from 1% in the previous quarter. In comparison, the old series saw WPI inflation fall 30 bps to 3.5%. The divergence mainly arises from the primary articles and manufacturing sub-groups. &lt;br /&gt;&lt;br /&gt;Please &lt;a href=&quot;http://www.business-standard.com/article/economy-policy/new-wpi-series-suggests-higher-core-inflation-rate-in-past-6-months-crisil-117051300169_1.html&quot; title=&quot;http://www.business-standard.com/article/economy-policy/new-wpi-series-suggests-higher-core-inflation-rate-in-past-6-months-crisil-117051300169_1.html&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;&lt;/div&gt;&#039;,
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	&#039;title&#039; =&gt; &#039;New WPI series suggests higher core inflation rate in past 6 months: CRISIL&#039;,
	&#039;subheading&#039; =&gt; &#039;&#039;,
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-Business Standard&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;WPI inflation for April is at 3.9%, which is 144 (bps) lower than the March inflation rate&lt;br /&gt;
&lt;/em&gt;&lt;br /&gt;
The Ministry of Commerce and Industry unveiled the revised wholesale price index (WPI) on May 12, 2017 as per the 2011-12 base year. As per this release, WPI inflation for April is at 3.9%, which is 144 basis points (bps) lower than the March inflation rate. The decline is mainly due to a 500 bps fall in fuel inflation and an over 200 bps decline in the inflation rate of primary articles. The new series records WPI inflation in fiscal 2017 at 1.7%, 200 bps lower than the number as per the old (2004-05) series.&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;The revised series has two key features:&lt;br /&gt;
&lt;/em&gt;&lt;br /&gt;
1. Excludes central excise duty from prices: The series removes the excise duty component from prices, bringing the measure closer to the producer price index and, at the same time, making it less responsive to changes in tax rates. Hereon, the consumer price index (CPI) will continue reflecting the impact of tax changes (including the impact of goods and services tax or GST implementation on prices). In that sense, therefore, the gap between CPI and WPI can be a crude gauge of the impact of GST on prices.&lt;br /&gt;
&lt;br /&gt;
2. More relevant to the current economic structure: The WPI series adopts a more recent base year and is now aligned with the gross domestic product (GDP) and index of industrial production (IIP)&amp;ndash; also revised &amp;ndash; series. This allows for a more meaningful comparison of the parameter, including the GDP deflator measure. This base year revision also allows items (such as natural gas, petroleum coke) to be included, the production share of has increased overtime. This makes the index more relevant to the current structure of the economy.On the same line, weightages have undergone a change.&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;So what does the new series suggest?&lt;br /&gt;
&lt;/em&gt;&lt;br /&gt;
Inflation rate is lower,which could lead to an upward revision in past real GDP growth rates:The real GDP estimates (measured from the expenditure side) are computed by deflating the nominal GDP data. A lower WPI inflation rate could, therefore, pull up past real GDP growth rates for fiscal 2017, provided other factors influencing GDP remain unchanged in the revised data. Headline WPI inflation is lower by nearly 2 percentage points in fiscal 2017, and nearly 1 percentage points for preceding fiscals.&lt;br /&gt;
&lt;br /&gt;
The revised series shows a slightly sharper price-negative impact of demonetisation in the third quarter: Comparing quarterly data for WPI under the two series shows a sharper fall in WPI during the third quarter of fiscal 2017 as per the new series. WPI inflation fell to 0.2% in the third quarter from 1% in the previous quarter. In comparison, the old series saw WPI inflation fall 30 bps to 3.5%. The divergence mainly arises from the primary articles and manufacturing sub-groups. &lt;br /&gt;
&lt;br /&gt;
Please &lt;a href=&quot;http://www.business-standard.com/article/economy-policy/new-wpi-series-suggests-higher-core-inflation-rate-in-past-6-months-crisil-117051300169_1.html&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;
&lt;/div&gt;&#039;,
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-Business Standard

WPI inflation for April is at 3.9%, which is 144 (bps) lower than the March inflation rate

The Ministry of Commerce and Industry unveiled the revised wholesale price index (WPI) on May 12, 2017 as per the 2011-12 base year....&#039;
$disp = &#039;&lt;div align=&quot;justify&quot;&gt;-Business Standard&lt;br /&gt;&lt;br /&gt;&lt;em&gt;WPI inflation for April is at 3.9%, which is 144 (bps) lower than the March inflation rate&lt;br /&gt;&lt;/em&gt;&lt;br /&gt;The Ministry of Commerce and Industry unveiled the revised wholesale price index (WPI) on May 12, 2017 as per the 2011-12 base year. As per this release, WPI inflation for April is at 3.9%, which is 144 basis points (bps) lower than the March inflation rate. The decline is mainly due to a 500 bps fall in fuel inflation and an over 200 bps decline in the inflation rate of primary articles. The new series records WPI inflation in fiscal 2017 at 1.7%, 200 bps lower than the number as per the old (2004-05) series.&lt;br /&gt;&lt;br /&gt;&lt;em&gt;The revised series has two key features:&lt;br /&gt;&lt;/em&gt;&lt;br /&gt;1. Excludes central excise duty from prices: The series removes the excise duty component from prices, bringing the measure closer to the producer price index and, at the same time, making it less responsive to changes in tax rates. Hereon, the consumer price index (CPI) will continue reflecting the impact of tax changes (including the impact of goods and services tax or GST implementation on prices). In that sense, therefore, the gap between CPI and WPI can be a crude gauge of the impact of GST on prices.&lt;br /&gt;&lt;br /&gt;2. More relevant to the current economic structure: The WPI series adopts a more recent base year and is now aligned with the gross domestic product (GDP) and index of industrial production (IIP)&amp;ndash; also revised &amp;ndash; series. This allows for a more meaningful comparison of the parameter, including the GDP deflator measure. This base year revision also allows items (such as natural gas, petroleum coke) to be included, the production share of has increased overtime. This makes the index more relevant to the current structure of the economy.On the same line, weightages have undergone a change.&lt;br /&gt;&lt;br /&gt;&lt;em&gt;So what does the new series suggest?&lt;br /&gt;&lt;/em&gt;&lt;br /&gt;Inflation rate is lower,which could lead to an upward revision in past real GDP growth rates:The real GDP estimates (measured from the expenditure side) are computed by deflating the nominal GDP data. A lower WPI inflation rate could, therefore, pull up past real GDP growth rates for fiscal 2017, provided other factors influencing GDP remain unchanged in the revised data. Headline WPI inflation is lower by nearly 2 percentage points in fiscal 2017, and nearly 1 percentage points for preceding fiscals.&lt;br /&gt;&lt;br /&gt;The revised series shows a slightly sharper price-negative impact of demonetisation in the third quarter: Comparing quarterly data for WPI under the two series shows a sharper fall in WPI during the third quarter of fiscal 2017 as per the new series. WPI inflation fell to 0.2% in the third quarter from 1% in the previous quarter. In comparison, the old series saw WPI inflation fall 30 bps to 3.5%. The divergence mainly arises from the primary articles and manufacturing sub-groups. &lt;br /&gt;&lt;br /&gt;Please &lt;a href=&quot;http://www.business-standard.com/article/economy-policy/new-wpi-series-suggests-higher-core-inflation-rate-in-past-6-months-crisil-117051300169_1.html&quot; title=&quot;http://www.business-standard.com/article/economy-policy/new-wpi-series-suggests-higher-core-inflation-rate-in-past-6-months-crisil-117051300169_1.html&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;&lt;/div&gt;&#039;
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-Business Standard

WPI inflation for April is at 3.9%, which is 144 (bps) lower than the March inflation rate

The Ministry of Commerce and Industry unveiled the revised wholesale price index (WPI) on May 12, 2017 as per the 2011-12 base year...."/>
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                <strong>New WPI series suggests higher core inflation rate in past 6 months: CRISIL</strong></h1>
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                <div align="justify">-Business Standard<br /><br /><em>WPI inflation for April is at 3.9%, which is 144 (bps) lower than the March inflation rate<br /></em><br />The Ministry of Commerce and Industry unveiled the revised wholesale price index (WPI) on May 12, 2017 as per the 2011-12 base year. As per this release, WPI inflation for April is at 3.9%, which is 144 basis points (bps) lower than the March inflation rate. The decline is mainly due to a 500 bps fall in fuel inflation and an over 200 bps decline in the inflation rate of primary articles. The new series records WPI inflation in fiscal 2017 at 1.7%, 200 bps lower than the number as per the old (2004-05) series.<br /><br /><em>The revised series has two key features:<br /></em><br />1. Excludes central excise duty from prices: The series removes the excise duty component from prices, bringing the measure closer to the producer price index and, at the same time, making it less responsive to changes in tax rates. Hereon, the consumer price index (CPI) will continue reflecting the impact of tax changes (including the impact of goods and services tax or GST implementation on prices). In that sense, therefore, the gap between CPI and WPI can be a crude gauge of the impact of GST on prices.<br /><br />2. More relevant to the current economic structure: The WPI series adopts a more recent base year and is now aligned with the gross domestic product (GDP) and index of industrial production (IIP)&ndash; also revised &ndash; series. This allows for a more meaningful comparison of the parameter, including the GDP deflator measure. This base year revision also allows items (such as natural gas, petroleum coke) to be included, the production share of has increased overtime. This makes the index more relevant to the current structure of the economy.On the same line, weightages have undergone a change.<br /><br /><em>So what does the new series suggest?<br /></em><br />Inflation rate is lower,which could lead to an upward revision in past real GDP growth rates:The real GDP estimates (measured from the expenditure side) are computed by deflating the nominal GDP data. A lower WPI inflation rate could, therefore, pull up past real GDP growth rates for fiscal 2017, provided other factors influencing GDP remain unchanged in the revised data. Headline WPI inflation is lower by nearly 2 percentage points in fiscal 2017, and nearly 1 percentage points for preceding fiscals.<br /><br />The revised series shows a slightly sharper price-negative impact of demonetisation in the third quarter: Comparing quarterly data for WPI under the two series shows a sharper fall in WPI during the third quarter of fiscal 2017 as per the new series. WPI inflation fell to 0.2% in the third quarter from 1% in the previous quarter. In comparison, the old series saw WPI inflation fall 30 bps to 3.5%. The divergence mainly arises from the primary articles and manufacturing sub-groups. <br /><br />Please <a href="http://www.business-standard.com/article/economy-policy/new-wpi-series-suggests-higher-core-inflation-rate-in-past-6-months-crisil-117051300169_1.html" title="http://www.business-standard.com/article/economy-policy/new-wpi-series-suggests-higher-core-inflation-rate-in-past-6-months-crisil-117051300169_1.html">click here</a> to read more. <br /></div>               </font>
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		'title' => 'New WPI series suggests higher core inflation rate in past 6 months: CRISIL',
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-Business Standard<br />
<br />
<em>WPI inflation for April is at 3.9%, which is 144 (bps) lower than the March inflation rate<br />
</em><br />
The Ministry of Commerce and Industry unveiled the revised wholesale price index (WPI) on May 12, 2017 as per the 2011-12 base year. As per this release, WPI inflation for April is at 3.9%, which is 144 basis points (bps) lower than the March inflation rate. The decline is mainly due to a 500 bps fall in fuel inflation and an over 200 bps decline in the inflation rate of primary articles. The new series records WPI inflation in fiscal 2017 at 1.7%, 200 bps lower than the number as per the old (2004-05) series.<br />
<br />
<em>The revised series has two key features:<br />
</em><br />
1. Excludes central excise duty from prices: The series removes the excise duty component from prices, bringing the measure closer to the producer price index and, at the same time, making it less responsive to changes in tax rates. Hereon, the consumer price index (CPI) will continue reflecting the impact of tax changes (including the impact of goods and services tax or GST implementation on prices). In that sense, therefore, the gap between CPI and WPI can be a crude gauge of the impact of GST on prices.<br />
<br />
2. More relevant to the current economic structure: The WPI series adopts a more recent base year and is now aligned with the gross domestic product (GDP) and index of industrial production (IIP)&ndash; also revised &ndash; series. This allows for a more meaningful comparison of the parameter, including the GDP deflator measure. This base year revision also allows items (such as natural gas, petroleum coke) to be included, the production share of has increased overtime. This makes the index more relevant to the current structure of the economy.On the same line, weightages have undergone a change.<br />
<br />
<em>So what does the new series suggest?<br />
</em><br />
Inflation rate is lower,which could lead to an upward revision in past real GDP growth rates:The real GDP estimates (measured from the expenditure side) are computed by deflating the nominal GDP data. A lower WPI inflation rate could, therefore, pull up past real GDP growth rates for fiscal 2017, provided other factors influencing GDP remain unchanged in the revised data. Headline WPI inflation is lower by nearly 2 percentage points in fiscal 2017, and nearly 1 percentage points for preceding fiscals.<br />
<br />
The revised series shows a slightly sharper price-negative impact of demonetisation in the third quarter: Comparing quarterly data for WPI under the two series shows a sharper fall in WPI during the third quarter of fiscal 2017 as per the new series. WPI inflation fell to 0.2% in the third quarter from 1% in the previous quarter. In comparison, the old series saw WPI inflation fall 30 bps to 3.5%. The divergence mainly arises from the primary articles and manufacturing sub-groups. <br />
<br />
Please <a href="http://www.business-standard.com/article/economy-policy/new-wpi-series-suggests-higher-core-inflation-rate-in-past-6-months-crisil-117051300169_1.html">click here</a> to read more. <br />
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-Business Standard

WPI inflation for April is at 3.9%, which is 144 (bps) lower than the March inflation rate

The Ministry of Commerce and Industry unveiled the revised wholesale price index (WPI) on May 12, 2017 as per the 2011-12 base year....',
	'disp' => '<div align="justify">-Business Standard<br /><br /><em>WPI inflation for April is at 3.9%, which is 144 (bps) lower than the March inflation rate<br /></em><br />The Ministry of Commerce and Industry unveiled the revised wholesale price index (WPI) on May 12, 2017 as per the 2011-12 base year. As per this release, WPI inflation for April is at 3.9%, which is 144 basis points (bps) lower than the March inflation rate. The decline is mainly due to a 500 bps fall in fuel inflation and an over 200 bps decline in the inflation rate of primary articles. The new series records WPI inflation in fiscal 2017 at 1.7%, 200 bps lower than the number as per the old (2004-05) series.<br /><br /><em>The revised series has two key features:<br /></em><br />1. Excludes central excise duty from prices: The series removes the excise duty component from prices, bringing the measure closer to the producer price index and, at the same time, making it less responsive to changes in tax rates. Hereon, the consumer price index (CPI) will continue reflecting the impact of tax changes (including the impact of goods and services tax or GST implementation on prices). In that sense, therefore, the gap between CPI and WPI can be a crude gauge of the impact of GST on prices.<br /><br />2. More relevant to the current economic structure: The WPI series adopts a more recent base year and is now aligned with the gross domestic product (GDP) and index of industrial production (IIP)&ndash; also revised &ndash; series. This allows for a more meaningful comparison of the parameter, including the GDP deflator measure. This base year revision also allows items (such as natural gas, petroleum coke) to be included, the production share of has increased overtime. This makes the index more relevant to the current structure of the economy.On the same line, weightages have undergone a change.<br /><br /><em>So what does the new series suggest?<br /></em><br />Inflation rate is lower,which could lead to an upward revision in past real GDP growth rates:The real GDP estimates (measured from the expenditure side) are computed by deflating the nominal GDP data. A lower WPI inflation rate could, therefore, pull up past real GDP growth rates for fiscal 2017, provided other factors influencing GDP remain unchanged in the revised data. Headline WPI inflation is lower by nearly 2 percentage points in fiscal 2017, and nearly 1 percentage points for preceding fiscals.<br /><br />The revised series shows a slightly sharper price-negative impact of demonetisation in the third quarter: Comparing quarterly data for WPI under the two series shows a sharper fall in WPI during the third quarter of fiscal 2017 as per the new series. WPI inflation fell to 0.2% in the third quarter from 1% in the previous quarter. In comparison, the old series saw WPI inflation fall 30 bps to 3.5%. The divergence mainly arises from the primary articles and manufacturing sub-groups. <br /><br />Please <a href="http://www.business-standard.com/article/economy-policy/new-wpi-series-suggests-higher-core-inflation-rate-in-past-6-months-crisil-117051300169_1.html" title="http://www.business-standard.com/article/economy-policy/new-wpi-series-suggests-higher-core-inflation-rate-in-past-6-months-crisil-117051300169_1.html">click here</a> to read more. <br /></div>',
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	'title' => 'New WPI series suggests higher core inflation rate in past 6 months: CRISIL',
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-Business Standard<br />
<br />
<em>WPI inflation for April is at 3.9%, which is 144 (bps) lower than the March inflation rate<br />
</em><br />
The Ministry of Commerce and Industry unveiled the revised wholesale price index (WPI) on May 12, 2017 as per the 2011-12 base year. As per this release, WPI inflation for April is at 3.9%, which is 144 basis points (bps) lower than the March inflation rate. The decline is mainly due to a 500 bps fall in fuel inflation and an over 200 bps decline in the inflation rate of primary articles. The new series records WPI inflation in fiscal 2017 at 1.7%, 200 bps lower than the number as per the old (2004-05) series.<br />
<br />
<em>The revised series has two key features:<br />
</em><br />
1. Excludes central excise duty from prices: The series removes the excise duty component from prices, bringing the measure closer to the producer price index and, at the same time, making it less responsive to changes in tax rates. Hereon, the consumer price index (CPI) will continue reflecting the impact of tax changes (including the impact of goods and services tax or GST implementation on prices). In that sense, therefore, the gap between CPI and WPI can be a crude gauge of the impact of GST on prices.<br />
<br />
2. More relevant to the current economic structure: The WPI series adopts a more recent base year and is now aligned with the gross domestic product (GDP) and index of industrial production (IIP)&ndash; also revised &ndash; series. This allows for a more meaningful comparison of the parameter, including the GDP deflator measure. This base year revision also allows items (such as natural gas, petroleum coke) to be included, the production share of has increased overtime. This makes the index more relevant to the current structure of the economy.On the same line, weightages have undergone a change.<br />
<br />
<em>So what does the new series suggest?<br />
</em><br />
Inflation rate is lower,which could lead to an upward revision in past real GDP growth rates:The real GDP estimates (measured from the expenditure side) are computed by deflating the nominal GDP data. A lower WPI inflation rate could, therefore, pull up past real GDP growth rates for fiscal 2017, provided other factors influencing GDP remain unchanged in the revised data. Headline WPI inflation is lower by nearly 2 percentage points in fiscal 2017, and nearly 1 percentage points for preceding fiscals.<br />
<br />
The revised series shows a slightly sharper price-negative impact of demonetisation in the third quarter: Comparing quarterly data for WPI under the two series shows a sharper fall in WPI during the third quarter of fiscal 2017 as per the new series. WPI inflation fell to 0.2% in the third quarter from 1% in the previous quarter. In comparison, the old series saw WPI inflation fall 30 bps to 3.5%. The divergence mainly arises from the primary articles and manufacturing sub-groups. <br />
<br />
Please <a href="http://www.business-standard.com/article/economy-policy/new-wpi-series-suggests-higher-core-inflation-rate-in-past-6-months-crisil-117051300169_1.html">click here</a> to read more. <br />
</div>',
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-Business Standard

WPI inflation for April is at 3.9%, which is 144 (bps) lower than the March inflation rate

The Ministry of Commerce and Industry unveiled the revised wholesale price index (WPI) on May 12, 2017 as per the 2011-12 base year....'
$disp = '<div align="justify">-Business Standard<br /><br /><em>WPI inflation for April is at 3.9%, which is 144 (bps) lower than the March inflation rate<br /></em><br />The Ministry of Commerce and Industry unveiled the revised wholesale price index (WPI) on May 12, 2017 as per the 2011-12 base year. As per this release, WPI inflation for April is at 3.9%, which is 144 basis points (bps) lower than the March inflation rate. The decline is mainly due to a 500 bps fall in fuel inflation and an over 200 bps decline in the inflation rate of primary articles. The new series records WPI inflation in fiscal 2017 at 1.7%, 200 bps lower than the number as per the old (2004-05) series.<br /><br /><em>The revised series has two key features:<br /></em><br />1. Excludes central excise duty from prices: The series removes the excise duty component from prices, bringing the measure closer to the producer price index and, at the same time, making it less responsive to changes in tax rates. Hereon, the consumer price index (CPI) will continue reflecting the impact of tax changes (including the impact of goods and services tax or GST implementation on prices). In that sense, therefore, the gap between CPI and WPI can be a crude gauge of the impact of GST on prices.<br /><br />2. More relevant to the current economic structure: The WPI series adopts a more recent base year and is now aligned with the gross domestic product (GDP) and index of industrial production (IIP)&ndash; also revised &ndash; series. This allows for a more meaningful comparison of the parameter, including the GDP deflator measure. This base year revision also allows items (such as natural gas, petroleum coke) to be included, the production share of has increased overtime. This makes the index more relevant to the current structure of the economy.On the same line, weightages have undergone a change.<br /><br /><em>So what does the new series suggest?<br /></em><br />Inflation rate is lower,which could lead to an upward revision in past real GDP growth rates:The real GDP estimates (measured from the expenditure side) are computed by deflating the nominal GDP data. A lower WPI inflation rate could, therefore, pull up past real GDP growth rates for fiscal 2017, provided other factors influencing GDP remain unchanged in the revised data. Headline WPI inflation is lower by nearly 2 percentage points in fiscal 2017, and nearly 1 percentage points for preceding fiscals.<br /><br />The revised series shows a slightly sharper price-negative impact of demonetisation in the third quarter: Comparing quarterly data for WPI under the two series shows a sharper fall in WPI during the third quarter of fiscal 2017 as per the new series. WPI inflation fell to 0.2% in the third quarter from 1% in the previous quarter. In comparison, the old series saw WPI inflation fall 30 bps to 3.5%. The divergence mainly arises from the primary articles and manufacturing sub-groups. <br /><br />Please <a href="http://www.business-standard.com/article/economy-policy/new-wpi-series-suggests-higher-core-inflation-rate-in-past-6-months-crisil-117051300169_1.html" title="http://www.business-standard.com/article/economy-policy/new-wpi-series-suggests-higher-core-inflation-rate-in-past-6-months-crisil-117051300169_1.html">click here</a> to read more. <br /></div>'
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New WPI series suggests higher core inflation rate in past 6 months: CRISIL

-Business Standard WPI inflation for April is at 3.9%, which is 144 (bps) lower than the March inflation rate The Ministry of Commerce and Industry unveiled the revised wholesale price index (WPI) on May 12, 2017 as per the 2011-12 base year. As per this release, WPI inflation for April is at 3.9%, which is 144 basis points (bps) lower than the March inflation rate. The decline is mainly due to a 500 bps fall in fuel inflation and an over 200 bps decline in the inflation rate of primary articles. The new series records WPI inflation in fiscal 2017 at 1.7%, 200 bps lower than the number as per the old (2004-05) series. The revised series has two key features: 1. Excludes central excise duty from prices: The series removes the excise duty component from prices, bringing the measure closer to the producer price index and, at the same time, making it less responsive to changes in tax rates. Hereon, the consumer price index (CPI) will continue reflecting the impact of tax changes (including the impact of goods and services tax or GST implementation on prices). In that sense, therefore, the gap between CPI and WPI can be a crude gauge of the impact of GST on prices. 2. More relevant to the current economic structure: The WPI series adopts a more recent base year and is now aligned with the gross domestic product (GDP) and index of industrial production (IIP)– also revised – series. This allows for a more meaningful comparison of the parameter, including the GDP deflator measure. This base year revision also allows items (such as natural gas, petroleum coke) to be included, the production share of has increased overtime. This makes the index more relevant to the current structure of the economy.On the same line, weightages have undergone a change. So what does the new series suggest? Inflation rate is lower,which could lead to an upward revision in past real GDP growth rates:The real GDP estimates (measured from the expenditure side) are computed by deflating the nominal GDP data. A lower WPI inflation rate could, therefore, pull up past real GDP growth rates for fiscal 2017, provided other factors influencing GDP remain unchanged in the revised data. Headline WPI inflation is lower by nearly 2 percentage points in fiscal 2017, and nearly 1 percentage points for preceding fiscals. The revised series shows a slightly sharper price-negative impact of demonetisation in the third quarter: Comparing quarterly data for WPI under the two series shows a sharper fall in WPI during the third quarter of fiscal 2017 as per the new series. WPI inflation fell to 0.2% in the third quarter from 1% in the previous quarter. In comparison, the old series saw WPI inflation fall 30 bps to 3.5%. The divergence mainly arises from the primary articles and manufacturing sub-groups. Please click here to read more.