Wholesale price inflation (WPI) drops to three-month low as food prices decline

Wholesale price inflation eased to a three-month low of 1.89% in November, primarily due to falling food prices, especially vegetables. Experts predict a 0.25% interest rate cut by the RBI in February. While manufactured product inflation rose slightly, overall inflation is expected to remain within the target range, approaching 4% by March 2025.

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