WPI Drops to 0.13%: Is India’s Inflation Problem Over? Food & Fuel Lead the Decline | Gaura Sengupta　 #ETNOW

The latest Wholesale Price Index (WPI) data is in, and the headline number has surprised everyone by falling to a low of 0.13%! In this exclusive interview on ET Now, First Bank’s Ms. Sengupta breaks down the numbers and reveals what this means for the Indian economy.

The massive drop is primarily led by a sharp decline in food and fuel prices, mirroring the CPI trend. However, the core WPI remains sticky at 1.3%. Ms. Sengupta analyzes this crucial divergence, explaining why the continued stability in non-food manufacturing inflation is actually a positive sign, indicating strong producer pricing power and potential margin support for listed companies in Q2.

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