WPI inflation eases to near two-year low at 2.02% in June

Contrary to its consumer price index (CPI) counterpart, the wholesale price index- (WPI-) based inflation rate softened to a 23-month low of 2.02 per cent in June. 

However, the core inflation rate (non-food, non-oil) in both CPI and WPI eased, prompting experts to expect another rate cut by the Reserve Bank of India’s monetary  policy committee (MPC), which is slated to meet in the first week of next month. 

Data, released by the government last week, showed that the CPI inflation rate, in fact, rose to an eight-month high of 3.18 per cent in 

the month. 

The divergence could be due