India Wholesale Price Index Inflation (YoY) For August -0.52% Vs. -0.60% Est.; -1.36% Prior
Portfolio Pulse from Benzinga Newsdesk
India's Wholesale Price Index (WPI) inflation for August was reported at -0.52%, slightly better than the estimated -0.60% and significantly improved from the prior -1.36%.
September 14, 2023 | 6:31 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
The reported WPI inflation rate for India in August is slightly better than estimated, which could be seen as a positive sign for the Indian economy and potentially for INDA.
The Wholesale Price Index (WPI) is a measure of price changes in the wholesale market. A better-than-expected WPI inflation rate indicates that the prices at the wholesale level are stabilizing, which could be a sign of economic recovery. As INDA is an ETF that tracks the Indian market, any positive economic news from India could potentially have a positive impact on INDA.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100