Fairval

Notes on Indian equities, sectors and economy

WPI data – 44 weeks and counting..

Posted by fairval on November 15, 2011

WPI seems steady in a 9-10% band for about a year now

I have written about this earlier, about how remarkably steady WPI data seems to be, above 9% but never crossing 10%.

Now it is really getting unreal, 11 months in a row! WPI has been above 9% and below 10%. Since this is now monthly data, this is equivalent to 44 readings in a row, if you compare with the earlier series which used to be weekly. WPI became a monthly release since Nov’09.

Leads one to suspect if there is a directive from the FM – dont release a double digit number!

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