Some relief
There was a general expectation that the inflation rate for the week ending April 5 would be a little lower than the previous week's shocker of 7.41 per cent. The wholesale price index (WPI) numbers released yesterday met these expectations, coming in at 7.14 per cent higher than a year ago. That is still well above the danger mark, but provides reassuring signs of a reversal. These are the first numbers reflecting the possible impact of the measures that the government took in the first week of April and therefore provide an early test of their effectiveness.
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