The month-over-month change in the wholesale price index (WPI) for August 2024 stands at negative 0.45 per cent
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As the country has registered a relative dip in the consumer price index (CPI) inflation in the past two months, there are concerns regarding the fading of favourable base effect going ahead
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This decline in the Consumer Price Index (CPI) marks the first time in half a decade that CPI inflation has dipped below the Reserve Bank of India's (RBI) target of 4 per cent, a feat largely attributed to a steep fall in vegetable prices
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