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.

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And then, the components show food is getting better, as is fuel:

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(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%.

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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.

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