Wholesale prices in deflation zone for the first time in three years
India's wholesale inflation fell into deflation for the first time in three years, with the Wholesale Price Index falling 0.92% YoY in April. Rajani Sinha, chief economist at CareEdge, expects the trend to continue until July with the annual average ranging between 1-2%. The deflation could lead to a cut in interest rates, with retail inflation slowing sharply to 4.7% from March's 5.7%, according to data released on Friday
Disclaimer : Mytimesnow (MTN) lets you explore worldwide viral news just by analyzing social media trends. Tap read more at source for full news. The inclusion of any links does not necessarily imply any endorsement of the views expressed within them.
