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WPI Inflation YoY

Name: WPI Inflation YoY
Creator: TipRanks

WPI Inflation YoY in India refers to the year-over-year change in the Wholesale Price Index, which measures the average change in prices of goods at the wholesale level. It is significant as it provides insights into inflationary trends, influencing monetary policy decisions by the Reserve Bank of India. A higher WPI can signal rising inflation, prompting potential interest rate hikes, which can impact borrowing costs and investment decisions in financial markets. It is a critical indicator for assessing the economic health and cost pressures within the Indian economy.