WPI revision: why India can expect to keep better track of wholesale prices
· livemint.com
That WPI inflation was near double digits in May wasn’t a surprise, given the war, but what’s notable is how this price tracker has been tweaked as part of its base-year reset. Curiosity, though, hovers around India’s new producer price index (PPI).
Overall, we can expect inflation measurements to get more accurate. For now, India has price pressures to deal with. Retail inflation rose above 3.9% last month...