WPI inflation falls to 13-month low of 0.9%
India's wholesale price inflation plummeted to a 13-month low of 0.9% in April, driven by easing prices in food, fuel, and manufactured goods. The WPI Food Index also saw a significant decrease, with vegetable and potato prices experiencing notable drops. This decline strengthens the possibility of an interest rate cut by the RBI in June.
India's wholesale price inflation plummeted to a 13-month low of 0.9% in April, driven by easing prices in food, fuel, and manufactured goods. The WPI Food Index also saw a significant decrease, with vegetable and potato prices experiencing notable drops. This decline strengthens the possibility of an interest rate cut by the RBI in June.
