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\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
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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('cakeErr67f03978dbcbd-trace').style.display = (document.getElementById('cakeErr67f03978dbcbd-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="cakeErr67f03978dbcbd-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f03978dbcbd-code').style.display = (document.getElementById('cakeErr67f03978dbcbd-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f03978dbcbd-context').style.display = (document.getElementById('cakeErr67f03978dbcbd-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr67f03978dbcbd-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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&lt;p style=&quot;text-align:justify&quot;&gt;&lt;em&gt;The spike in WPI will put more pressure on the rate-setting body to initiate a tight policy stance&lt;/em&gt;&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;On April 18, the government data showed that India&amp;#39;s inflation based on the Wholesale Price Index (WPI) rose to a four-month high of &lt;a href=&quot;https://im4change.org/upload/files/WPI%20March%202022%281%29.pdf&quot;&gt;14.55 percent in March&lt;/a&gt; from 13.11 percent in February. With this, the WPI inflation has now been in double-digit territory for 12 consecutive months.&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;What is the significance of this data? Under the current approach, the monetary policy committee (MPC) tracks retail inflation for the purpose of policy formulation. No one gives too much importance to WPI numbers. But, there&amp;#39;s more than meets the eye in the numbers.&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;The higher wholesale price inflation could prove to be a point of worry for policymakers. WPI index is dominated by manufactured products which have a weight of 64 percent in the index and are influenced by global factors to a significant extent especially in the current context.&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;&amp;ldquo;Hence the tendency of global prices increasing gets reflected more in the WPI than CPI. This number has been above 10 percent throughout the year and only part of the explanation is in the low base effect,&amp;rdquo; said Madan Sabnavis, Chief Economist at Bank of Baroda.&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;Thus, higher wholesale prices are bound to reflect in the retail prices too going ahead. &amp;ldquo;With the war unleashing another round of price increases of commodities, we may expect producers to further increase their final prices in case there is no let down in the cost spiral,&amp;rdquo; said Sabnavis.&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;Please &lt;a href=&quot;https://www.moneycontrol.com/news/business/analysis-what-does-high-wpi-inflation-mean-for-interest-rates-8381171.html?fbclid=IwAR1vQ7lBaNiZD-Q_cinMFC1fs85RFDvgGfhlU_4Ni8DDRpcfGmgKqUXJODo&quot;&gt;click here&lt;/a&gt; to read more.&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;Kindly &lt;a href=&quot;https://im4change.org/upload/files/CPI%20Press%20Release%20March%202022.pdf&quot;&gt;click here&lt;/a&gt; to access the latest available data on retail inflation.&amp;nbsp;&lt;/p&gt;
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The spike in WPI will put more pressure on the rate-setting body to initiate a tight policy stance

On April 18, the government data showed that India&amp;#39;s inflation based on the Wholesale Price Index (WPI) rose to a four-month high of...&#039;,
	&#039;disp&#039; =&gt; &#039;&lt;p style=&quot;text-align:justify&quot;&gt;-Moneycontrol.com&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;&lt;em&gt;The spike in WPI will put more pressure on the rate-setting body to initiate a tight policy stance&lt;/em&gt;&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;On April 18, the government data showed that India&amp;#39;s inflation based on the Wholesale Price Index (WPI) rose to a four-month high of &lt;a href=&quot;https://im4change.org/upload/files/WPI%20March%202022%281%29.pdf&quot; title=&quot;https://im4change.org/upload/files/WPI%20March%202022%281%29.pdf&quot;&gt;14.55 percent in March&lt;/a&gt; from 13.11 percent in February. With this, the WPI inflation has now been in double-digit territory for 12 consecutive months.&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;What is the significance of this data? Under the current approach, the monetary policy committee (MPC) tracks retail inflation for the purpose of policy formulation. No one gives too much importance to WPI numbers. But, there&amp;#39;s more than meets the eye in the numbers.&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;The higher wholesale price inflation could prove to be a point of worry for policymakers. WPI index is dominated by manufactured products which have a weight of 64 percent in the index and are influenced by global factors to a significant extent especially in the current context.&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;&amp;ldquo;Hence the tendency of global prices increasing gets reflected more in the WPI than CPI. This number has been above 10 percent throughout the year and only part of the explanation is in the low base effect,&amp;rdquo; said Madan Sabnavis, Chief Economist at Bank of Baroda.&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;Thus, higher wholesale prices are bound to reflect in the retail prices too going ahead. &amp;ldquo;With the war unleashing another round of price increases of commodities, we may expect producers to further increase their final prices in case there is no let down in the cost spiral,&amp;rdquo; said Sabnavis.&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;Please &lt;a href=&quot;https://www.moneycontrol.com/news/business/analysis-what-does-high-wpi-inflation-mean-for-interest-rates-8381171.html?fbclid=IwAR1vQ7lBaNiZD-Q_cinMFC1fs85RFDvgGfhlU_4Ni8DDRpcfGmgKqUXJODo&quot; title=&quot;https://www.moneycontrol.com/news/business/analysis-what-does-high-wpi-inflation-mean-for-interest-rates-8381171.html?fbclid=IwAR1vQ7lBaNiZD-Q_cinMFC1fs85RFDvgGfhlU_4Ni8DDRpcfGmgKqUXJODo&quot;&gt;click here&lt;/a&gt; to read more.&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;Kindly &lt;a href=&quot;https://im4change.org/upload/files/CPI%20Press%20Release%20March%202022.pdf&quot; title=&quot;https://im4change.org/upload/files/CPI%20Press%20Release%20March%202022.pdf&quot;&gt;click here&lt;/a&gt; to access the latest available data on retail inflation.&amp;nbsp;&lt;/p&gt;&#039;,
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&lt;p style=&quot;text-align:justify&quot;&gt;&lt;em&gt;The spike in WPI will put more pressure on the rate-setting body to initiate a tight policy stance&lt;/em&gt;&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;On April 18, the government data showed that India&amp;#39;s inflation based on the Wholesale Price Index (WPI) rose to a four-month high of &lt;a href=&quot;https://im4change.org/upload/files/WPI%20March%202022%281%29.pdf&quot;&gt;14.55 percent in March&lt;/a&gt; from 13.11 percent in February. With this, the WPI inflation has now been in double-digit territory for 12 consecutive months.&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;What is the significance of this data? Under the current approach, the monetary policy committee (MPC) tracks retail inflation for the purpose of policy formulation. No one gives too much importance to WPI numbers. But, there&amp;#39;s more than meets the eye in the numbers.&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;The higher wholesale price inflation could prove to be a point of worry for policymakers. WPI index is dominated by manufactured products which have a weight of 64 percent in the index and are influenced by global factors to a significant extent especially in the current context.&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;&amp;ldquo;Hence the tendency of global prices increasing gets reflected more in the WPI than CPI. This number has been above 10 percent throughout the year and only part of the explanation is in the low base effect,&amp;rdquo; said Madan Sabnavis, Chief Economist at Bank of Baroda.&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;Thus, higher wholesale prices are bound to reflect in the retail prices too going ahead. &amp;ldquo;With the war unleashing another round of price increases of commodities, we may expect producers to further increase their final prices in case there is no let down in the cost spiral,&amp;rdquo; said Sabnavis.&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;Please &lt;a href=&quot;https://www.moneycontrol.com/news/business/analysis-what-does-high-wpi-inflation-mean-for-interest-rates-8381171.html?fbclid=IwAR1vQ7lBaNiZD-Q_cinMFC1fs85RFDvgGfhlU_4Ni8DDRpcfGmgKqUXJODo&quot;&gt;click here&lt;/a&gt; to read more.&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;Kindly &lt;a href=&quot;https://im4change.org/upload/files/CPI%20Press%20Release%20March%202022.pdf&quot;&gt;click here&lt;/a&gt; to access the latest available data on retail inflation.&amp;nbsp;&lt;/p&gt;
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The spike in WPI will put more pressure on the rate-setting body to initiate a tight policy stance

On April 18, the government data showed that India&amp;#39;s inflation based on the Wholesale Price Index (WPI) rose to a four-month high of...&#039;
$disp = &#039;&lt;p style=&quot;text-align:justify&quot;&gt;-Moneycontrol.com&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;&lt;em&gt;The spike in WPI will put more pressure on the rate-setting body to initiate a tight policy stance&lt;/em&gt;&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;On April 18, the government data showed that India&amp;#39;s inflation based on the Wholesale Price Index (WPI) rose to a four-month high of &lt;a href=&quot;https://im4change.org/upload/files/WPI%20March%202022%281%29.pdf&quot; title=&quot;https://im4change.org/upload/files/WPI%20March%202022%281%29.pdf&quot;&gt;14.55 percent in March&lt;/a&gt; from 13.11 percent in February. With this, the WPI inflation has now been in double-digit territory for 12 consecutive months.&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;What is the significance of this data? Under the current approach, the monetary policy committee (MPC) tracks retail inflation for the purpose of policy formulation. No one gives too much importance to WPI numbers. But, there&amp;#39;s more than meets the eye in the numbers.&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;The higher wholesale price inflation could prove to be a point of worry for policymakers. WPI index is dominated by manufactured products which have a weight of 64 percent in the index and are influenced by global factors to a significant extent especially in the current context.&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;&amp;ldquo;Hence the tendency of global prices increasing gets reflected more in the WPI than CPI. This number has been above 10 percent throughout the year and only part of the explanation is in the low base effect,&amp;rdquo; said Madan Sabnavis, Chief Economist at Bank of Baroda.&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;Thus, higher wholesale prices are bound to reflect in the retail prices too going ahead. &amp;ldquo;With the war unleashing another round of price increases of commodities, we may expect producers to further increase their final prices in case there is no let down in the cost spiral,&amp;rdquo; said Sabnavis.&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;Please &lt;a href=&quot;https://www.moneycontrol.com/news/business/analysis-what-does-high-wpi-inflation-mean-for-interest-rates-8381171.html?fbclid=IwAR1vQ7lBaNiZD-Q_cinMFC1fs85RFDvgGfhlU_4Ni8DDRpcfGmgKqUXJODo&quot; title=&quot;https://www.moneycontrol.com/news/business/analysis-what-does-high-wpi-inflation-mean-for-interest-rates-8381171.html?fbclid=IwAR1vQ7lBaNiZD-Q_cinMFC1fs85RFDvgGfhlU_4Ni8DDRpcfGmgKqUXJODo&quot;&gt;click here&lt;/a&gt; to read more.&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;Kindly &lt;a href=&quot;https://im4change.org/upload/files/CPI%20Press%20Release%20March%202022.pdf&quot; title=&quot;https://im4change.org/upload/files/CPI%20Press%20Release%20March%202022.pdf&quot;&gt;click here&lt;/a&gt; to access the latest available data on retail inflation.&amp;nbsp;&lt;/p&gt;&#039;
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The spike in WPI will put more pressure on the rate-setting body to initiate a tight policy stance

On April 18, the government data showed that India&#39;s inflation based on the Wholesale Price Index (WPI) rose to a four-month high of..."/>
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                <strong>What does high WPI inflation mean for interest rates? -Dinesh Unnikrishnan</strong></h1>
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                <p style="text-align:justify">-Moneycontrol.com</p><p style="text-align:justify"><em>The spike in WPI will put more pressure on the rate-setting body to initiate a tight policy stance</em></p><p style="text-align:justify">On April 18, the government data showed that India&#39;s inflation based on the Wholesale Price Index (WPI) rose to a four-month high of <a href="https://im4change.org/upload/files/WPI%20March%202022%281%29.pdf" title="https://im4change.org/upload/files/WPI%20March%202022%281%29.pdf">14.55 percent in March</a> from 13.11 percent in February. With this, the WPI inflation has now been in double-digit territory for 12 consecutive months.</p><p style="text-align:justify">What is the significance of this data? Under the current approach, the monetary policy committee (MPC) tracks retail inflation for the purpose of policy formulation. No one gives too much importance to WPI numbers. But, there&#39;s more than meets the eye in the numbers.</p><p style="text-align:justify">The higher wholesale price inflation could prove to be a point of worry for policymakers. WPI index is dominated by manufactured products which have a weight of 64 percent in the index and are influenced by global factors to a significant extent especially in the current context.</p><p style="text-align:justify">&ldquo;Hence the tendency of global prices increasing gets reflected more in the WPI than CPI. This number has been above 10 percent throughout the year and only part of the explanation is in the low base effect,&rdquo; said Madan Sabnavis, Chief Economist at Bank of Baroda.</p><p style="text-align:justify">Thus, higher wholesale prices are bound to reflect in the retail prices too going ahead. &ldquo;With the war unleashing another round of price increases of commodities, we may expect producers to further increase their final prices in case there is no let down in the cost spiral,&rdquo; said Sabnavis.</p><p style="text-align:justify">Please <a href="https://www.moneycontrol.com/news/business/analysis-what-does-high-wpi-inflation-mean-for-interest-rates-8381171.html?fbclid=IwAR1vQ7lBaNiZD-Q_cinMFC1fs85RFDvgGfhlU_4Ni8DDRpcfGmgKqUXJODo" title="https://www.moneycontrol.com/news/business/analysis-what-does-high-wpi-inflation-mean-for-interest-rates-8381171.html?fbclid=IwAR1vQ7lBaNiZD-Q_cinMFC1fs85RFDvgGfhlU_4Ni8DDRpcfGmgKqUXJODo">click here</a> to read more.</p><p style="text-align:justify">Kindly <a href="https://im4change.org/upload/files/CPI%20Press%20Release%20March%202022.pdf" title="https://im4change.org/upload/files/CPI%20Press%20Release%20March%202022.pdf">click here</a> to access the latest available data on retail inflation.&nbsp;</p>               </font>
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&lt;p style=&quot;text-align:justify&quot;&gt;&lt;em&gt;The spike in WPI will put more pressure on the rate-setting body to initiate a tight policy stance&lt;/em&gt;&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;On April 18, the government data showed that India&amp;#39;s inflation based on the Wholesale Price Index (WPI) rose to a four-month high of &lt;a href=&quot;https://im4change.org/upload/files/WPI%20March%202022%281%29.pdf&quot;&gt;14.55 percent in March&lt;/a&gt; from 13.11 percent in February. With this, the WPI inflation has now been in double-digit territory for 12 consecutive months.&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;What is the significance of this data? Under the current approach, the monetary policy committee (MPC) tracks retail inflation for the purpose of policy formulation. No one gives too much importance to WPI numbers. But, there&amp;#39;s more than meets the eye in the numbers.&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;The higher wholesale price inflation could prove to be a point of worry for policymakers. WPI index is dominated by manufactured products which have a weight of 64 percent in the index and are influenced by global factors to a significant extent especially in the current context.&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;&amp;ldquo;Hence the tendency of global prices increasing gets reflected more in the WPI than CPI. This number has been above 10 percent throughout the year and only part of the explanation is in the low base effect,&amp;rdquo; said Madan Sabnavis, Chief Economist at Bank of Baroda.&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;Thus, higher wholesale prices are bound to reflect in the retail prices too going ahead. &amp;ldquo;With the war unleashing another round of price increases of commodities, we may expect producers to further increase their final prices in case there is no let down in the cost spiral,&amp;rdquo; said Sabnavis.&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;Please &lt;a href=&quot;https://www.moneycontrol.com/news/business/analysis-what-does-high-wpi-inflation-mean-for-interest-rates-8381171.html?fbclid=IwAR1vQ7lBaNiZD-Q_cinMFC1fs85RFDvgGfhlU_4Ni8DDRpcfGmgKqUXJODo&quot;&gt;click here&lt;/a&gt; to read more.&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;Kindly &lt;a href=&quot;https://im4change.org/upload/files/CPI%20Press%20Release%20March%202022.pdf&quot;&gt;click here&lt;/a&gt; to access the latest available data on retail inflation.&amp;nbsp;&lt;/p&gt;
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The spike in WPI will put more pressure on the rate-setting body to initiate a tight policy stance

On April 18, the government data showed that India&amp;#39;s inflation based on the Wholesale Price Index (WPI) rose to a four-month high of...&#039;,
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&lt;p style=&quot;text-align:justify&quot;&gt;&lt;em&gt;The spike in WPI will put more pressure on the rate-setting body to initiate a tight policy stance&lt;/em&gt;&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;On April 18, the government data showed that India&amp;#39;s inflation based on the Wholesale Price Index (WPI) rose to a four-month high of &lt;a href=&quot;https://im4change.org/upload/files/WPI%20March%202022%281%29.pdf&quot;&gt;14.55 percent in March&lt;/a&gt; from 13.11 percent in February. With this, the WPI inflation has now been in double-digit territory for 12 consecutive months.&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;What is the significance of this data? Under the current approach, the monetary policy committee (MPC) tracks retail inflation for the purpose of policy formulation. No one gives too much importance to WPI numbers. But, there&amp;#39;s more than meets the eye in the numbers.&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;The higher wholesale price inflation could prove to be a point of worry for policymakers. WPI index is dominated by manufactured products which have a weight of 64 percent in the index and are influenced by global factors to a significant extent especially in the current context.&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;&amp;ldquo;Hence the tendency of global prices increasing gets reflected more in the WPI than CPI. This number has been above 10 percent throughout the year and only part of the explanation is in the low base effect,&amp;rdquo; said Madan Sabnavis, Chief Economist at Bank of Baroda.&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;Thus, higher wholesale prices are bound to reflect in the retail prices too going ahead. &amp;ldquo;With the war unleashing another round of price increases of commodities, we may expect producers to further increase their final prices in case there is no let down in the cost spiral,&amp;rdquo; said Sabnavis.&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;Please &lt;a href=&quot;https://www.moneycontrol.com/news/business/analysis-what-does-high-wpi-inflation-mean-for-interest-rates-8381171.html?fbclid=IwAR1vQ7lBaNiZD-Q_cinMFC1fs85RFDvgGfhlU_4Ni8DDRpcfGmgKqUXJODo&quot;&gt;click here&lt;/a&gt; to read more.&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;Kindly &lt;a href=&quot;https://im4change.org/upload/files/CPI%20Press%20Release%20March%202022.pdf&quot;&gt;click here&lt;/a&gt; to access the latest available data on retail inflation.&amp;nbsp;&lt;/p&gt;
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The spike in WPI will put more pressure on the rate-setting body to initiate a tight policy stance

On April 18, the government data showed that India&amp;#39;s inflation based on the Wholesale Price Index (WPI) rose to a four-month high of...&#039;
$disp = &#039;&lt;p style=&quot;text-align:justify&quot;&gt;-Moneycontrol.com&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;&lt;em&gt;The spike in WPI will put more pressure on the rate-setting body to initiate a tight policy stance&lt;/em&gt;&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;On April 18, the government data showed that India&amp;#39;s inflation based on the Wholesale Price Index (WPI) rose to a four-month high of &lt;a href=&quot;https://im4change.org/upload/files/WPI%20March%202022%281%29.pdf&quot; title=&quot;https://im4change.org/upload/files/WPI%20March%202022%281%29.pdf&quot;&gt;14.55 percent in March&lt;/a&gt; from 13.11 percent in February. With this, the WPI inflation has now been in double-digit territory for 12 consecutive months.&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;What is the significance of this data? Under the current approach, the monetary policy committee (MPC) tracks retail inflation for the purpose of policy formulation. No one gives too much importance to WPI numbers. But, there&amp;#39;s more than meets the eye in the numbers.&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;The higher wholesale price inflation could prove to be a point of worry for policymakers. WPI index is dominated by manufactured products which have a weight of 64 percent in the index and are influenced by global factors to a significant extent especially in the current context.&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;&amp;ldquo;Hence the tendency of global prices increasing gets reflected more in the WPI than CPI. This number has been above 10 percent throughout the year and only part of the explanation is in the low base effect,&amp;rdquo; said Madan Sabnavis, Chief Economist at Bank of Baroda.&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;Thus, higher wholesale prices are bound to reflect in the retail prices too going ahead. &amp;ldquo;With the war unleashing another round of price increases of commodities, we may expect producers to further increase their final prices in case there is no let down in the cost spiral,&amp;rdquo; said Sabnavis.&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;Please &lt;a href=&quot;https://www.moneycontrol.com/news/business/analysis-what-does-high-wpi-inflation-mean-for-interest-rates-8381171.html?fbclid=IwAR1vQ7lBaNiZD-Q_cinMFC1fs85RFDvgGfhlU_4Ni8DDRpcfGmgKqUXJODo&quot; title=&quot;https://www.moneycontrol.com/news/business/analysis-what-does-high-wpi-inflation-mean-for-interest-rates-8381171.html?fbclid=IwAR1vQ7lBaNiZD-Q_cinMFC1fs85RFDvgGfhlU_4Ni8DDRpcfGmgKqUXJODo&quot;&gt;click here&lt;/a&gt; to read more.&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;Kindly &lt;a href=&quot;https://im4change.org/upload/files/CPI%20Press%20Release%20March%202022.pdf&quot; title=&quot;https://im4change.org/upload/files/CPI%20Press%20Release%20March%202022.pdf&quot;&gt;click here&lt;/a&gt; to access the latest available data on retail inflation.&amp;nbsp;&lt;/p&gt;&#039;
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The spike in WPI will put more pressure on the rate-setting body to initiate a tight policy stance

On April 18, the government data showed that India&#39;s inflation based on the Wholesale Price Index (WPI) rose to a four-month high of..."/>
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                <strong>What does high WPI inflation mean for interest rates? -Dinesh Unnikrishnan</strong></h1>
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                <p style="text-align:justify">-Moneycontrol.com</p><p style="text-align:justify"><em>The spike in WPI will put more pressure on the rate-setting body to initiate a tight policy stance</em></p><p style="text-align:justify">On April 18, the government data showed that India&#39;s inflation based on the Wholesale Price Index (WPI) rose to a four-month high of <a href="https://im4change.org/upload/files/WPI%20March%202022%281%29.pdf" title="https://im4change.org/upload/files/WPI%20March%202022%281%29.pdf">14.55 percent in March</a> from 13.11 percent in February. With this, the WPI inflation has now been in double-digit territory for 12 consecutive months.</p><p style="text-align:justify">What is the significance of this data? Under the current approach, the monetary policy committee (MPC) tracks retail inflation for the purpose of policy formulation. No one gives too much importance to WPI numbers. But, there&#39;s more than meets the eye in the numbers.</p><p style="text-align:justify">The higher wholesale price inflation could prove to be a point of worry for policymakers. WPI index is dominated by manufactured products which have a weight of 64 percent in the index and are influenced by global factors to a significant extent especially in the current context.</p><p style="text-align:justify">&ldquo;Hence the tendency of global prices increasing gets reflected more in the WPI than CPI. This number has been above 10 percent throughout the year and only part of the explanation is in the low base effect,&rdquo; said Madan Sabnavis, Chief Economist at Bank of Baroda.</p><p style="text-align:justify">Thus, higher wholesale prices are bound to reflect in the retail prices too going ahead. &ldquo;With the war unleashing another round of price increases of commodities, we may expect producers to further increase their final prices in case there is no let down in the cost spiral,&rdquo; said Sabnavis.</p><p style="text-align:justify">Please <a href="https://www.moneycontrol.com/news/business/analysis-what-does-high-wpi-inflation-mean-for-interest-rates-8381171.html?fbclid=IwAR1vQ7lBaNiZD-Q_cinMFC1fs85RFDvgGfhlU_4Ni8DDRpcfGmgKqUXJODo" title="https://www.moneycontrol.com/news/business/analysis-what-does-high-wpi-inflation-mean-for-interest-rates-8381171.html?fbclid=IwAR1vQ7lBaNiZD-Q_cinMFC1fs85RFDvgGfhlU_4Ni8DDRpcfGmgKqUXJODo">click here</a> to read more.</p><p style="text-align:justify">Kindly <a href="https://im4change.org/upload/files/CPI%20Press%20Release%20March%202022.pdf" title="https://im4change.org/upload/files/CPI%20Press%20Release%20March%202022.pdf">click here</a> to access the latest available data on retail inflation.&nbsp;</p>               </font>
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		&#039;title&#039; =&gt; &#039;What does high WPI inflation mean for interest rates? -Dinesh Unnikrishnan&#039;,
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		&#039;description&#039; =&gt; &#039;&lt;p style=&quot;text-align:justify&quot;&gt;-Moneycontrol.com&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;&lt;em&gt;The spike in WPI will put more pressure on the rate-setting body to initiate a tight policy stance&lt;/em&gt;&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;On April 18, the government data showed that India&amp;#39;s inflation based on the Wholesale Price Index (WPI) rose to a four-month high of &lt;a href=&quot;https://im4change.org/upload/files/WPI%20March%202022%281%29.pdf&quot;&gt;14.55 percent in March&lt;/a&gt; from 13.11 percent in February. With this, the WPI inflation has now been in double-digit territory for 12 consecutive months.&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;What is the significance of this data? Under the current approach, the monetary policy committee (MPC) tracks retail inflation for the purpose of policy formulation. No one gives too much importance to WPI numbers. But, there&amp;#39;s more than meets the eye in the numbers.&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;The higher wholesale price inflation could prove to be a point of worry for policymakers. WPI index is dominated by manufactured products which have a weight of 64 percent in the index and are influenced by global factors to a significant extent especially in the current context.&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;&amp;ldquo;Hence the tendency of global prices increasing gets reflected more in the WPI than CPI. This number has been above 10 percent throughout the year and only part of the explanation is in the low base effect,&amp;rdquo; said Madan Sabnavis, Chief Economist at Bank of Baroda.&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;Thus, higher wholesale prices are bound to reflect in the retail prices too going ahead. &amp;ldquo;With the war unleashing another round of price increases of commodities, we may expect producers to further increase their final prices in case there is no let down in the cost spiral,&amp;rdquo; said Sabnavis.&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;Please &lt;a href=&quot;https://www.moneycontrol.com/news/business/analysis-what-does-high-wpi-inflation-mean-for-interest-rates-8381171.html?fbclid=IwAR1vQ7lBaNiZD-Q_cinMFC1fs85RFDvgGfhlU_4Ni8DDRpcfGmgKqUXJODo&quot;&gt;click here&lt;/a&gt; to read more.&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;Kindly &lt;a href=&quot;https://im4change.org/upload/files/CPI%20Press%20Release%20March%202022.pdf&quot;&gt;click here&lt;/a&gt; to access the latest available data on retail inflation.&amp;nbsp;&lt;/p&gt;
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The spike in WPI will put more pressure on the rate-setting body to initiate a tight policy stance

On April 18, the government data showed that India&amp;#39;s inflation based on the Wholesale Price Index (WPI) rose to a four-month high of...&#039;,
	&#039;disp&#039; =&gt; &#039;&lt;p style=&quot;text-align:justify&quot;&gt;-Moneycontrol.com&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;&lt;em&gt;The spike in WPI will put more pressure on the rate-setting body to initiate a tight policy stance&lt;/em&gt;&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;On April 18, the government data showed that India&amp;#39;s inflation based on the Wholesale Price Index (WPI) rose to a four-month high of &lt;a href=&quot;https://im4change.org/upload/files/WPI%20March%202022%281%29.pdf&quot; title=&quot;https://im4change.org/upload/files/WPI%20March%202022%281%29.pdf&quot;&gt;14.55 percent in March&lt;/a&gt; from 13.11 percent in February. With this, the WPI inflation has now been in double-digit territory for 12 consecutive months.&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;What is the significance of this data? Under the current approach, the monetary policy committee (MPC) tracks retail inflation for the purpose of policy formulation. No one gives too much importance to WPI numbers. But, there&amp;#39;s more than meets the eye in the numbers.&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;The higher wholesale price inflation could prove to be a point of worry for policymakers. WPI index is dominated by manufactured products which have a weight of 64 percent in the index and are influenced by global factors to a significant extent especially in the current context.&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;&amp;ldquo;Hence the tendency of global prices increasing gets reflected more in the WPI than CPI. This number has been above 10 percent throughout the year and only part of the explanation is in the low base effect,&amp;rdquo; said Madan Sabnavis, Chief Economist at Bank of Baroda.&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;Thus, higher wholesale prices are bound to reflect in the retail prices too going ahead. &amp;ldquo;With the war unleashing another round of price increases of commodities, we may expect producers to further increase their final prices in case there is no let down in the cost spiral,&amp;rdquo; said Sabnavis.&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;Please &lt;a href=&quot;https://www.moneycontrol.com/news/business/analysis-what-does-high-wpi-inflation-mean-for-interest-rates-8381171.html?fbclid=IwAR1vQ7lBaNiZD-Q_cinMFC1fs85RFDvgGfhlU_4Ni8DDRpcfGmgKqUXJODo&quot; title=&quot;https://www.moneycontrol.com/news/business/analysis-what-does-high-wpi-inflation-mean-for-interest-rates-8381171.html?fbclid=IwAR1vQ7lBaNiZD-Q_cinMFC1fs85RFDvgGfhlU_4Ni8DDRpcfGmgKqUXJODo&quot;&gt;click here&lt;/a&gt; to read more.&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;Kindly &lt;a href=&quot;https://im4change.org/upload/files/CPI%20Press%20Release%20March%202022.pdf&quot; title=&quot;https://im4change.org/upload/files/CPI%20Press%20Release%20March%202022.pdf&quot;&gt;click here&lt;/a&gt; to access the latest available data on retail inflation.&amp;nbsp;&lt;/p&gt;&#039;,
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&lt;p style=&quot;text-align:justify&quot;&gt;&lt;em&gt;The spike in WPI will put more pressure on the rate-setting body to initiate a tight policy stance&lt;/em&gt;&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;On April 18, the government data showed that India&amp;#39;s inflation based on the Wholesale Price Index (WPI) rose to a four-month high of &lt;a href=&quot;https://im4change.org/upload/files/WPI%20March%202022%281%29.pdf&quot;&gt;14.55 percent in March&lt;/a&gt; from 13.11 percent in February. With this, the WPI inflation has now been in double-digit territory for 12 consecutive months.&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;What is the significance of this data? Under the current approach, the monetary policy committee (MPC) tracks retail inflation for the purpose of policy formulation. No one gives too much importance to WPI numbers. But, there&amp;#39;s more than meets the eye in the numbers.&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;The higher wholesale price inflation could prove to be a point of worry for policymakers. WPI index is dominated by manufactured products which have a weight of 64 percent in the index and are influenced by global factors to a significant extent especially in the current context.&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;&amp;ldquo;Hence the tendency of global prices increasing gets reflected more in the WPI than CPI. This number has been above 10 percent throughout the year and only part of the explanation is in the low base effect,&amp;rdquo; said Madan Sabnavis, Chief Economist at Bank of Baroda.&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;Thus, higher wholesale prices are bound to reflect in the retail prices too going ahead. &amp;ldquo;With the war unleashing another round of price increases of commodities, we may expect producers to further increase their final prices in case there is no let down in the cost spiral,&amp;rdquo; said Sabnavis.&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;Please &lt;a href=&quot;https://www.moneycontrol.com/news/business/analysis-what-does-high-wpi-inflation-mean-for-interest-rates-8381171.html?fbclid=IwAR1vQ7lBaNiZD-Q_cinMFC1fs85RFDvgGfhlU_4Ni8DDRpcfGmgKqUXJODo&quot;&gt;click here&lt;/a&gt; to read more.&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;Kindly &lt;a href=&quot;https://im4change.org/upload/files/CPI%20Press%20Release%20March%202022.pdf&quot;&gt;click here&lt;/a&gt; to access the latest available data on retail inflation.&amp;nbsp;&lt;/p&gt;
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The spike in WPI will put more pressure on the rate-setting body to initiate a tight policy stance

On April 18, the government data showed that India&amp;#39;s inflation based on the Wholesale Price Index (WPI) rose to a four-month high of...&#039;
$disp = &#039;&lt;p style=&quot;text-align:justify&quot;&gt;-Moneycontrol.com&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;&lt;em&gt;The spike in WPI will put more pressure on the rate-setting body to initiate a tight policy stance&lt;/em&gt;&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;On April 18, the government data showed that India&amp;#39;s inflation based on the Wholesale Price Index (WPI) rose to a four-month high of &lt;a href=&quot;https://im4change.org/upload/files/WPI%20March%202022%281%29.pdf&quot; title=&quot;https://im4change.org/upload/files/WPI%20March%202022%281%29.pdf&quot;&gt;14.55 percent in March&lt;/a&gt; from 13.11 percent in February. With this, the WPI inflation has now been in double-digit territory for 12 consecutive months.&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;What is the significance of this data? Under the current approach, the monetary policy committee (MPC) tracks retail inflation for the purpose of policy formulation. No one gives too much importance to WPI numbers. But, there&amp;#39;s more than meets the eye in the numbers.&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;The higher wholesale price inflation could prove to be a point of worry for policymakers. WPI index is dominated by manufactured products which have a weight of 64 percent in the index and are influenced by global factors to a significant extent especially in the current context.&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;&amp;ldquo;Hence the tendency of global prices increasing gets reflected more in the WPI than CPI. This number has been above 10 percent throughout the year and only part of the explanation is in the low base effect,&amp;rdquo; said Madan Sabnavis, Chief Economist at Bank of Baroda.&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;Thus, higher wholesale prices are bound to reflect in the retail prices too going ahead. &amp;ldquo;With the war unleashing another round of price increases of commodities, we may expect producers to further increase their final prices in case there is no let down in the cost spiral,&amp;rdquo; said Sabnavis.&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;Please &lt;a href=&quot;https://www.moneycontrol.com/news/business/analysis-what-does-high-wpi-inflation-mean-for-interest-rates-8381171.html?fbclid=IwAR1vQ7lBaNiZD-Q_cinMFC1fs85RFDvgGfhlU_4Ni8DDRpcfGmgKqUXJODo&quot; title=&quot;https://www.moneycontrol.com/news/business/analysis-what-does-high-wpi-inflation-mean-for-interest-rates-8381171.html?fbclid=IwAR1vQ7lBaNiZD-Q_cinMFC1fs85RFDvgGfhlU_4Ni8DDRpcfGmgKqUXJODo&quot;&gt;click here&lt;/a&gt; to read more.&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;Kindly &lt;a href=&quot;https://im4change.org/upload/files/CPI%20Press%20Release%20March%202022.pdf&quot; title=&quot;https://im4change.org/upload/files/CPI%20Press%20Release%20March%202022.pdf&quot;&gt;click here&lt;/a&gt; to access the latest available data on retail inflation.&amp;nbsp;&lt;/p&gt;&#039;
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The spike in WPI will put more pressure on the rate-setting body to initiate a tight policy stance

On April 18, the government data showed that India&#39;s inflation based on the Wholesale Price Index (WPI) rose to a four-month high of..."/>
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                <strong>What does high WPI inflation mean for interest rates? -Dinesh Unnikrishnan</strong></h1>
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                <p style="text-align:justify">-Moneycontrol.com</p><p style="text-align:justify"><em>The spike in WPI will put more pressure on the rate-setting body to initiate a tight policy stance</em></p><p style="text-align:justify">On April 18, the government data showed that India&#39;s inflation based on the Wholesale Price Index (WPI) rose to a four-month high of <a href="https://im4change.org/upload/files/WPI%20March%202022%281%29.pdf" title="https://im4change.org/upload/files/WPI%20March%202022%281%29.pdf">14.55 percent in March</a> from 13.11 percent in February. With this, the WPI inflation has now been in double-digit territory for 12 consecutive months.</p><p style="text-align:justify">What is the significance of this data? Under the current approach, the monetary policy committee (MPC) tracks retail inflation for the purpose of policy formulation. No one gives too much importance to WPI numbers. But, there&#39;s more than meets the eye in the numbers.</p><p style="text-align:justify">The higher wholesale price inflation could prove to be a point of worry for policymakers. WPI index is dominated by manufactured products which have a weight of 64 percent in the index and are influenced by global factors to a significant extent especially in the current context.</p><p style="text-align:justify">&ldquo;Hence the tendency of global prices increasing gets reflected more in the WPI than CPI. This number has been above 10 percent throughout the year and only part of the explanation is in the low base effect,&rdquo; said Madan Sabnavis, Chief Economist at Bank of Baroda.</p><p style="text-align:justify">Thus, higher wholesale prices are bound to reflect in the retail prices too going ahead. &ldquo;With the war unleashing another round of price increases of commodities, we may expect producers to further increase their final prices in case there is no let down in the cost spiral,&rdquo; said Sabnavis.</p><p style="text-align:justify">Please <a href="https://www.moneycontrol.com/news/business/analysis-what-does-high-wpi-inflation-mean-for-interest-rates-8381171.html?fbclid=IwAR1vQ7lBaNiZD-Q_cinMFC1fs85RFDvgGfhlU_4Ni8DDRpcfGmgKqUXJODo" title="https://www.moneycontrol.com/news/business/analysis-what-does-high-wpi-inflation-mean-for-interest-rates-8381171.html?fbclid=IwAR1vQ7lBaNiZD-Q_cinMFC1fs85RFDvgGfhlU_4Ni8DDRpcfGmgKqUXJODo">click here</a> to read more.</p><p style="text-align:justify">Kindly <a href="https://im4change.org/upload/files/CPI%20Press%20Release%20March%202022.pdf" title="https://im4change.org/upload/files/CPI%20Press%20Release%20March%202022.pdf">click here</a> to access the latest available data on retail inflation.&nbsp;</p>               </font>
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		'description' => '<p style="text-align:justify">-Moneycontrol.com</p>

<p style="text-align:justify"><em>The spike in WPI will put more pressure on the rate-setting body to initiate a tight policy stance</em></p>

<p style="text-align:justify">On April 18, the government data showed that India&#39;s inflation based on the Wholesale Price Index (WPI) rose to a four-month high of <a href="https://im4change.org/upload/files/WPI%20March%202022%281%29.pdf">14.55 percent in March</a> from 13.11 percent in February. With this, the WPI inflation has now been in double-digit territory for 12 consecutive months.</p>

<p style="text-align:justify">What is the significance of this data? Under the current approach, the monetary policy committee (MPC) tracks retail inflation for the purpose of policy formulation. No one gives too much importance to WPI numbers. But, there&#39;s more than meets the eye in the numbers.</p>

<p style="text-align:justify">The higher wholesale price inflation could prove to be a point of worry for policymakers. WPI index is dominated by manufactured products which have a weight of 64 percent in the index and are influenced by global factors to a significant extent especially in the current context.</p>

<p style="text-align:justify">&ldquo;Hence the tendency of global prices increasing gets reflected more in the WPI than CPI. This number has been above 10 percent throughout the year and only part of the explanation is in the low base effect,&rdquo; said Madan Sabnavis, Chief Economist at Bank of Baroda.</p>

<p style="text-align:justify">Thus, higher wholesale prices are bound to reflect in the retail prices too going ahead. &ldquo;With the war unleashing another round of price increases of commodities, we may expect producers to further increase their final prices in case there is no let down in the cost spiral,&rdquo; said Sabnavis.</p>

<p style="text-align:justify">Please <a href="https://www.moneycontrol.com/news/business/analysis-what-does-high-wpi-inflation-mean-for-interest-rates-8381171.html?fbclid=IwAR1vQ7lBaNiZD-Q_cinMFC1fs85RFDvgGfhlU_4Ni8DDRpcfGmgKqUXJODo">click here</a> to read more.</p>

<p style="text-align:justify">Kindly <a href="https://im4change.org/upload/files/CPI%20Press%20Release%20March%202022.pdf">click here</a> to access the latest available data on retail inflation.&nbsp;</p>
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The spike in WPI will put more pressure on the rate-setting body to initiate a tight policy stance

On April 18, the government data showed that India&#39;s inflation based on the Wholesale Price Index (WPI) rose to a four-month high of...',
	'disp' => '<p style="text-align:justify">-Moneycontrol.com</p><p style="text-align:justify"><em>The spike in WPI will put more pressure on the rate-setting body to initiate a tight policy stance</em></p><p style="text-align:justify">On April 18, the government data showed that India&#39;s inflation based on the Wholesale Price Index (WPI) rose to a four-month high of <a href="https://im4change.org/upload/files/WPI%20March%202022%281%29.pdf" title="https://im4change.org/upload/files/WPI%20March%202022%281%29.pdf">14.55 percent in March</a> from 13.11 percent in February. With this, the WPI inflation has now been in double-digit territory for 12 consecutive months.</p><p style="text-align:justify">What is the significance of this data? Under the current approach, the monetary policy committee (MPC) tracks retail inflation for the purpose of policy formulation. No one gives too much importance to WPI numbers. But, there&#39;s more than meets the eye in the numbers.</p><p style="text-align:justify">The higher wholesale price inflation could prove to be a point of worry for policymakers. WPI index is dominated by manufactured products which have a weight of 64 percent in the index and are influenced by global factors to a significant extent especially in the current context.</p><p style="text-align:justify">&ldquo;Hence the tendency of global prices increasing gets reflected more in the WPI than CPI. This number has been above 10 percent throughout the year and only part of the explanation is in the low base effect,&rdquo; said Madan Sabnavis, Chief Economist at Bank of Baroda.</p><p style="text-align:justify">Thus, higher wholesale prices are bound to reflect in the retail prices too going ahead. &ldquo;With the war unleashing another round of price increases of commodities, we may expect producers to further increase their final prices in case there is no let down in the cost spiral,&rdquo; said Sabnavis.</p><p style="text-align:justify">Please <a href="https://www.moneycontrol.com/news/business/analysis-what-does-high-wpi-inflation-mean-for-interest-rates-8381171.html?fbclid=IwAR1vQ7lBaNiZD-Q_cinMFC1fs85RFDvgGfhlU_4Ni8DDRpcfGmgKqUXJODo" title="https://www.moneycontrol.com/news/business/analysis-what-does-high-wpi-inflation-mean-for-interest-rates-8381171.html?fbclid=IwAR1vQ7lBaNiZD-Q_cinMFC1fs85RFDvgGfhlU_4Ni8DDRpcfGmgKqUXJODo">click here</a> to read more.</p><p style="text-align:justify">Kindly <a href="https://im4change.org/upload/files/CPI%20Press%20Release%20March%202022.pdf" title="https://im4change.org/upload/files/CPI%20Press%20Release%20March%202022.pdf">click here</a> to access the latest available data on retail inflation.&nbsp;</p>',
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	'title' => 'What does high WPI inflation mean for interest rates? -Dinesh Unnikrishnan',
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<p style="text-align:justify"><em>The spike in WPI will put more pressure on the rate-setting body to initiate a tight policy stance</em></p>

<p style="text-align:justify">On April 18, the government data showed that India&#39;s inflation based on the Wholesale Price Index (WPI) rose to a four-month high of <a href="https://im4change.org/upload/files/WPI%20March%202022%281%29.pdf">14.55 percent in March</a> from 13.11 percent in February. With this, the WPI inflation has now been in double-digit territory for 12 consecutive months.</p>

<p style="text-align:justify">What is the significance of this data? Under the current approach, the monetary policy committee (MPC) tracks retail inflation for the purpose of policy formulation. No one gives too much importance to WPI numbers. But, there&#39;s more than meets the eye in the numbers.</p>

<p style="text-align:justify">The higher wholesale price inflation could prove to be a point of worry for policymakers. WPI index is dominated by manufactured products which have a weight of 64 percent in the index and are influenced by global factors to a significant extent especially in the current context.</p>

<p style="text-align:justify">&ldquo;Hence the tendency of global prices increasing gets reflected more in the WPI than CPI. This number has been above 10 percent throughout the year and only part of the explanation is in the low base effect,&rdquo; said Madan Sabnavis, Chief Economist at Bank of Baroda.</p>

<p style="text-align:justify">Thus, higher wholesale prices are bound to reflect in the retail prices too going ahead. &ldquo;With the war unleashing another round of price increases of commodities, we may expect producers to further increase their final prices in case there is no let down in the cost spiral,&rdquo; said Sabnavis.</p>

<p style="text-align:justify">Please <a href="https://www.moneycontrol.com/news/business/analysis-what-does-high-wpi-inflation-mean-for-interest-rates-8381171.html?fbclid=IwAR1vQ7lBaNiZD-Q_cinMFC1fs85RFDvgGfhlU_4Ni8DDRpcfGmgKqUXJODo">click here</a> to read more.</p>

<p style="text-align:justify">Kindly <a href="https://im4change.org/upload/files/CPI%20Press%20Release%20March%202022.pdf">click here</a> to access the latest available data on retail inflation.&nbsp;</p>
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The spike in WPI will put more pressure on the rate-setting body to initiate a tight policy stance

On April 18, the government data showed that India&#39;s inflation based on the Wholesale Price Index (WPI) rose to a four-month high of...'
$disp = '<p style="text-align:justify">-Moneycontrol.com</p><p style="text-align:justify"><em>The spike in WPI will put more pressure on the rate-setting body to initiate a tight policy stance</em></p><p style="text-align:justify">On April 18, the government data showed that India&#39;s inflation based on the Wholesale Price Index (WPI) rose to a four-month high of <a href="https://im4change.org/upload/files/WPI%20March%202022%281%29.pdf" title="https://im4change.org/upload/files/WPI%20March%202022%281%29.pdf">14.55 percent in March</a> from 13.11 percent in February. With this, the WPI inflation has now been in double-digit territory for 12 consecutive months.</p><p style="text-align:justify">What is the significance of this data? Under the current approach, the monetary policy committee (MPC) tracks retail inflation for the purpose of policy formulation. No one gives too much importance to WPI numbers. But, there&#39;s more than meets the eye in the numbers.</p><p style="text-align:justify">The higher wholesale price inflation could prove to be a point of worry for policymakers. WPI index is dominated by manufactured products which have a weight of 64 percent in the index and are influenced by global factors to a significant extent especially in the current context.</p><p style="text-align:justify">&ldquo;Hence the tendency of global prices increasing gets reflected more in the WPI than CPI. This number has been above 10 percent throughout the year and only part of the explanation is in the low base effect,&rdquo; said Madan Sabnavis, Chief Economist at Bank of Baroda.</p><p style="text-align:justify">Thus, higher wholesale prices are bound to reflect in the retail prices too going ahead. &ldquo;With the war unleashing another round of price increases of commodities, we may expect producers to further increase their final prices in case there is no let down in the cost spiral,&rdquo; said Sabnavis.</p><p style="text-align:justify">Please <a href="https://www.moneycontrol.com/news/business/analysis-what-does-high-wpi-inflation-mean-for-interest-rates-8381171.html?fbclid=IwAR1vQ7lBaNiZD-Q_cinMFC1fs85RFDvgGfhlU_4Ni8DDRpcfGmgKqUXJODo" title="https://www.moneycontrol.com/news/business/analysis-what-does-high-wpi-inflation-mean-for-interest-rates-8381171.html?fbclid=IwAR1vQ7lBaNiZD-Q_cinMFC1fs85RFDvgGfhlU_4Ni8DDRpcfGmgKqUXJODo">click here</a> to read more.</p><p style="text-align:justify">Kindly <a href="https://im4change.org/upload/files/CPI%20Press%20Release%20March%202022.pdf" title="https://im4change.org/upload/files/CPI%20Press%20Release%20March%202022.pdf">click here</a> to access the latest available data on retail inflation.&nbsp;</p>'
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What does high WPI inflation mean for interest rates? -Dinesh Unnikrishnan

-Moneycontrol.com The spike in WPI will put more pressure on the rate-setting body to initiate a tight policy stance On April 18, the government data showed that India's inflation based on the Wholesale Price Index (WPI) rose to a four-month high of 14.55 percent in March from 13.11 percent in February. With this, the WPI inflation has now been in double-digit territory for 12 consecutive months. What is the significance of this data? Under the current approach, the monetary policy committee (MPC) tracks retail inflation for the purpose of policy formulation. No one gives too much importance to WPI numbers. But, there's more than meets the eye in the numbers. The higher wholesale price inflation could prove to be a point of worry for policymakers. WPI index is dominated by manufactured products which have a weight of 64 percent in the index and are influenced by global factors to a significant extent especially in the current context. “Hence the tendency of global prices increasing gets reflected more in the WPI than CPI. This number has been above 10 percent throughout the year and only part of the explanation is in the low base effect,” said Madan Sabnavis, Chief Economist at Bank of Baroda. Thus, higher wholesale prices are bound to reflect in the retail prices too going ahead. “With the war unleashing another round of price increases of commodities, we may expect producers to further increase their final prices in case there is no let down in the cost spiral,” said Sabnavis. Please click here to read more. Kindly click here to access the latest available data on retail inflation.