India Wholesale Price Index Inflation (YoY) For July -1.36% Vs. -2.70% Est.; -4.12% Prior
Portfolio Pulse from Benzinga Newsdesk
India's Wholesale Price Index (WPI) inflation for July was reported at -1.36%, better than the estimated -2.70% and the prior figure of -4.12%.
August 14, 2023 | 6:30 am
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India's WPI inflation for July was -1.36%, better than the estimated -2.70% and the prior figure of -4.12%. This could potentially impact the performance of the iShares MSCI India ETF (INDA).
The Wholesale Price Index (WPI) is a significant economic indicator in India. The better-than-expected inflation rate indicates an improvement in the economy, which could potentially lead to increased investor confidence in Indian stocks and ETFs, such as INDA. However, the impact may be moderate as the inflation rate is still negative.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100