But then the state utility commission set rates for the three utilities below the wholesale market price, in effect killing competition.

ECONOMIST: Leading from the front

Many soon found rivals retailing service at prices below what they had paid wholesale.

FORBES: Magazine Article

Prices are at wholesale levels or below, and one says she had heard she could get things cheap for her grocery shop.

ECONOMIST: Eking a living from handouts

Government data last month showed wholesale-price inflation in March eased below 6.0% year-on-year for the first time in 40 months.

WSJ: India Cuts Policy Rate

Government data released last month showed wholesale-price inflation in March eased below 6% year-over-year for the first time in 40 months.

WSJ: India Cuts Policy Rate

If a regulator accuses a hospital of being rife with infections, or staffed by incompetents whose patient survival rates are way below the national average, then locals will swiftly demand wholesale changes.

ECONOMIST: Fixing British education

Ofcom wants BT to reduce its wholesale charges by between 10.75% and 14.75% below the RPI measure of inflation.

BBC: Rural UK could get cheaper broadband under Ofcom plans

The wholesale price index, the main gauge of inflation in India, dipped below 7% for the first time in three years in January, and stayed below that mark in February.

WSJ: India Central Bank Cuts Lending Rate

The wholesale-price index, the country's main inflation gauge, fell below 6% in March for the first time in 40 months.

WSJ: World Bank: India's Economy Is Recovering

However, the wholesale-price inflation, the main gauge of inflation in India, eased in April to below 5%, a level the central bank says it is comfortable with.

WSJ: India RBI Warns on Inflation, Current-Account Deficit