BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
ICICI Securities Report
Wholesale inflation increased to series-high of 7.4% in March 2021 (our estimate: 6.5%, consensus: 6.2%).
This is a sharp jump from 4.2% in February 2021 and 0.4% in March 2020. With this print, average wholesale inflation in FY21 stands at 1.2%.
WPI food inflation came in at 5.3% in March 2021 from 3.3% in February and 5.2% in March 2020. Out of this, the contribution by ‘primary articles food’ was approximately 203 basis points and ‘manufactured food’ was ~330bps.
While all components of the WPI basket recorded rising prices in March 2021, manufacturing prices continued to be the largest driver of inflation.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
As a Subscriber you get
Stories
RECOMMENDED FOR YOU
POPULAR