WPI Index continues to be in negative in September

In India, WPI inflation readings for the month of September have been released.

The wholesale price index-based inflation remained in the negative territory for the sixth straight month in September at (-)0.26 per cent, on easing prices of food articles.

The WPI-based inflation rate has been in the negative since April and was (-)0.52 per cent in August. In September last year, it was 10.55 per cent.

Inflation in food articles eased to 3.35 per cent in September, after remaining in double digits in the previous two months. It was 10.60 per cent in August.

Furthermore, there will be one new Initial Public Offering (IPO) launch, and one IPO will close for subscription. Indian stock markets are also waiting for the RBI MPC Meeting Minutes.

The forthcoming week will see a flurry of Q2 earnings reports from companies in the financial, information technology, and retail sectors.

On the global front in the next week, inflation data releases from the UK and Eurozone (October 18) are important. In addition, GDP numbers will be out from China for Q3 (October 17). Also, in the upcoming week, trade data will come out from Eurozone (October 16) and Japan (October 18).

India's Wholesale price inflation (WPI) remained in negative for the fifth straight month in August. In August last year, WPI inflation was 12.48 percent. The WPI based inflation rate has been in the negative since April, was -1.36 percent in July. Wholesale inflation in vegetables was 48.69 percent in August, against 62.12 percent in July. In pulses, inflation was 10.45 percent, while in onion it skyrocketed to 31.42 percent in August. In manufactured products, inflation rate was -2.37 percent, as against -2.51 percent in July.