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Anand Rathi: India’s WPI Inflation Back To Positive After Four Months Of Deflation

Anand Rathi: India’s WPI Inflation Back To Positive After Four Months Of Deflation

Workers rest on a cart outside a wholesaler at Khari Baoli spice market in New Delhi, India (Photographer Ruhani Kaur/Bloomberg)
Workers rest on a cart outside a wholesaler at Khari Baoli spice market in New Delhi, India (Photographer Ruhani Kaur/Bloomberg)

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Anand Rathi Report

After four months of being in deflection, wholesale price index (WPI) inflation turned positive in August 2020.

During the month WPI inflation was 0.2% versus down 0.6% the previous month.

The pickup in WPI inflation was led by minerals. In terms of broad categories, while inflation for both primary and manufactured products shows some rise, food in flation softened.

While after bottoming out at -3.4% in May 2020, WPI inflation is gathering some pace, there is no general sign of inflation picking up.

The rise in WPI inflation was led largely by products which were earlier either at deflation or low inflation, such as basic metals, crude oil and mineral products.

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Anand Rathi WPI Update 140920.pdf

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