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wpi: WPI stays in negative zone, sinks to three-month low of -0.5% in October

Icra expects WPI inflation to remain below 3% for the remaining months of FY24 if commodity prices continue to remain at benign levels. "The deflationary trend in WPI could end in the coming months with the support of favourable base fading away gradually and expectation of subdued commodity prices amid global demand weakness," said Rajani Sinha, chief economist, CareEdge. "However, for the full year, we expect WPI inflation to average below 1%."
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UPSC Key—31st October, 2023: Tata Nano Singur controversy, Household debt in India and Two-State Solution

Exclusive for Subscribers from Monday to Friday: Have you ever thought why United Nations Convention on the Law of the Sea (UNCLOS) 1982 and Commodity Markets Outlook Report are relevant to the UPSC Exam? What significance do topics like Prisonerโ€™s Dilemma, Dual Shock, and Electoral Bonds have for both the preliminary and main exams? You can learn more by reading the Indian Express UPSC Key for October 31, 2023.
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