Wholesale Price Inflation in India for Jan 2014 came in at a low 5.05%, making everyone wonder what they are smoking. (Beedi’s perhaps, which has seen inflation of just 1.1%). This is the lowest since May 2013.
Component wise, we’re seeing food down to 6%!
The data for Nov 2013 has not changed even after revisions.
It’s a good thing, this report. It’s a tad difficult to believe, but prices at the wholesale level have been falling the last month. Let’s hope it stays that way!