India WPI - Wholesale Price Inflation Eases To 13.6% In December: CareEdge
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.
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%.
Click on the attachment to read the full report:
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.