The government may not be able to shield consumers from inflation much longer
· livemint.com
Inflation measured by India’s wholesale price index (WPI) more than doubled in April. This gauge is more sensitive to oil shocks than the consumer price index, but the latter can’t escape. What’ll RBI do?
On the whole, it is clear that higher input costs are driving up factory-gate prices. Consumers at large haven’t yet felt the heat partly because of the prima...