- Wealth PMS (50L+)
Wholesale Price Inflation seems to have moderated, compared to the increase in inflation in Consumer Prices, in April 2014. WPI shows 5.2% versus 5.7% last month.
And then, the components show food is getting better, as is fuel:
(The price increase for diesel will only affect us in May)
Revisions are back. After a few months of no big revisions, the inflation numbers for Feb 2014 were revised up from 4.68% to 5.03%.
WPI is less important than CPI for interest rate decisions by the RBI. So we’ll just post the note and not try to believe there is a big impact.