After months of worrying about rising prices, your local sabziwala may finally take a breath:India’s Wholesale Price Index (WPI) inflation dropped to 0.85%in April from 2.05% in March.
That’s economist-speak for “things are getting cheaper — maybe.”
📉 Let’s break it down:
- Food price inflation:2.55% (down from 4.66%)
- Fuel inflation:-2.18% (yes, negative!)
- Manufacturing inflation:2.62% (was 3.07%)
Even onions had
a stable quarter. Truly historic.
🏘️ Why it matters:
Unlike CPI (which measures what you pay),WPI tracks the prices businesses payfor goods in bulk. So when WPI falls, it meansinput costs are reducing, and companies may:
- Raise margins
- Pass on the benefit to consumers (lol)
- Finally launch that
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