WPI inflation rate fell to a 21-month low of 5.85 per cent in November
After keeping the Reserve Bank of India's (RBI) monetary policy committee (MPC) on its toes for most part of the year, retail price inflation rate may not be such a worry for economic growth in 2023.
Hope comes from the consumer price index (CPI)-based inflation rate falling below the RBI's upper tolerance level of six per cent in November, and also by the behaviour of the wholesale price index (WPI)-based rate of price rise.
One has to see if CPI inflation rate remains below six per cent beyond November or not, but WPI inflation does indicate it would be so
First Published: Dec 30 2022 | 12:45 PM IST