Himachalnewsreport
Buisness

What Is The Economic Impact Of Negative WPI Inflation? Experts Advise This

Share

Due to lower costs for food, gasoline, and manufactured goods, the WPI, or Wholesale Price Index, based inflation in May 2023 fell to a seven-and-a-half-year low of (-) 3.48 percent. This is the second month in a row that the wholesale inflation rate has been negative.
The government statistics, which the RBI MPC uses to determine monetary policy, showed retail inflation decreased to a 25-month low of 4.25 percent in May. The WPI was released only a few days later.


Share

Related posts

According to General Manager, RCF will launch the first prototype of the Vande Metro Coach by April

cradmin

10 films for just Rs. 699! PVR INOX Launches Subscription Pass Available Monthly

cradmin

November 2, Gold Rate Update: See The Most Recent Trend In India, Get Price Information In Your City

cradmin