prasad1
Active member
How serious is the inflation problem in India? The answer depends on which indicator one is looking at. Retail inflation, as measured by the Consumer Price Index (CPI) grew at 4.5% on a year-on-year basis in October. The Wholesale Price Index (WPI), on the other hand, grew at 12.5% in this month. What is one to make of these divergent estimates of inflation in India? Here are five charts which put this in perspective.
CPI has been higher in the past, but WPI is at an all-time high
As far as retail inflation goes, India has seen worse even in the current CPI series which starts from January 2011. However, WPI has been in its highest ever territory in the past few months; it had never breached the double-digit barrier until April 2021.
www.hindustantimes.com
CPI has been higher in the past, but WPI is at an all-time high
As far as retail inflation goes, India has seen worse even in the current CPI series which starts from January 2011. However, WPI has been in its highest ever territory in the past few months; it had never breached the double-digit barrier until April 2021.
Five charts that explain the inflation situation in India
Retail inflation, as measured by the Consumer Price Index (CPI) grew at 4.5% on a year-on-year basis in October.
