The Wholesale Price Index (WPI) in India for June 2024, based on the 2011-12 base year
India’s Wholesale Price Index (WPI) recorded a notable moderation, reaching a three-month low of 0.27% in January. This decline was attributed to reduced prices in both food articles and manufacturing products, as per data released by the Ministry of Commerce and Industry. Notably, this marks the third consecutive month of positive territory for wholesale inflation after experiencing deflation for a significant part of the previous fiscal year.
Impact: While the Reserve Bank of India typically monitors retail inflation for its monetary policy decisions, the moderation in WPI is expected to eventually influence the Consumer Price Index (CPI), albeit with a time lag.
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