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CareEdge Research Report
Wholesale inflation moderated to 13.6% in December 2021 compared with 14.2% in the previous month. Although, the WPI print was lower than our projection of 15%, it remained in double digits for ninth month in a row.
The YoY increase can be attributed to elevated food prices along with a low base of 2% a year ago. A large part of the higher WPI inflation can also be attributed to rising global commodity prices.
A slight moderation was witnessed in fuel and manufacturing categories, providing a downward bias to the WPI print. The WPI inflation for October 2021 was revised to 13.8% from 12.5%.
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