rbi speech, 2023-06-30
If, over the year, therefore, the proportion of respondents that felt input costs are high has been steadily and substantially falling, the correct reading should have been that it is providing real information on the actual softening of input cost pressures that we are experiencing today, with wholesale prices in deflation [(-) 3.5 per cent] in May 2023.
Sentiment: neutral
Topic: mp_economic_activity