Meghalaya News Daily
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

Google and Apple are facing a $50 million penalties for improper in-app charging

cradmin

Apple Launches Global Search For Talent in Generative AI: Report

cradmin

Michaung Cyclone: Over thirty planes were rerouted from Chennai to Bengaluru

cradmin