Quote on WPI Inflation Reaction by Raghvendra Nath, MD, Ladderup Wealth
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Below the Quote on WPI Inflation Reaction by Raghvendra Nath, MD, Ladderup Wealth
"India's Wholesale Price Index (WPI) has decreased to a three-month low of 1.89% in November, primarily due to a decline in food price inflation, which moderated to 8.63% compared to 13.54% in October 2024. This positive trend in food prices is expected to continue, supported by a favorable crop season, which should further reduce food inflation in the coming months. Given the recent Consumer Price Index (CPI) and WPI figures, we anticipate that the Reserve Bank of India will initiate a rate cut cycle during its February meeting. This strategic move could help support economic growth while managing inflation effectively."
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