- Wealth PMS
Wholesale Price Index (WPI) based inflation was at the lowest since October 2009, at 4.7%. It was at 4.96% last month. The graph has shown that prices have flattened at the wholesale level.
Inflation components have eased off their highs considerably. While you might not believe this graph, it shows that fuel prices are down to just 7.32% inflation, food at 6.65% and Manufactured Goods at 3.11%.
Revisions: For the first time in a few months, we have a DOWNWARD revision, meaning that prices are now lower than initially reported. By a minor 0.6% for March 2013.
This is the first revised number below 7% ever.