Wholesale prices fell for the first time in almost 3 years in April, as softening global commodity prices brought down food, fuel, and other input costs for producers, coming in at -0.92%. The high base at 15.38% in April 2022, also contributed to the decline in wholesale inflation in April this year. This comes in line with the easing of April retail inflation which came in at an 18-month low of 4.7%. The drop in headline inflation also boosted financials and bonds, with both recording sharp gains on Monday. The yield on the benchmark 10-year government bond fell to below 7%.
On this edition of India Tonight, Tamanna Inamdar speaks with Garima Kapoor, Chief Economist, Elara Capital; and Suvodeep Rakshit - Senior Economist Kotak Institutional Equities ; to understand if the worst of inflation is behind us.
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