Sikkim News Update
Buisness

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

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.

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