Key Points
In April, the food index rose 0.17% year-on-year, compared with 2.32% in March, while fuel and power rose 0.93% as against a 8.96% rise in the previous month...
High base effect and falling commodity prices will lend downward pressure on WPI inflation this year, said Madan Sabnavis, an economist at Bank of Baroda...
Low commodity prices will bring down prices of manufactured goods, Sabnavis said.. WPI has been easing for the last 11 months from the 20-year highs of 16.63% recorded in May 2022...
Data released on Friday showed Indias annual retail inflation eased to an 18-month low in April, staying well below the Reserve Bank of Indias (RBI) upper tolerance limit for the second consecutive month...
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