Chief statistician of India on adjusting fuel prices in WPI
With the government removing subsidies on bulk diesel sales, the WPI index may see some volatility. Dr TCA Anant, chief statistician of India, explains that the best way to report diesel prices would be on a weighted average basis. Dr Anant says that outside of the fuel price adjustments, the downward trend in wholesale inflation is clearly established but consumer price inflation will likely remain sticky & high.
