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India WPI - Wholesale Prices Inched Up To 11.4% In August: CARE Ratings

India WPI - Wholesale Prices Inched Up To 11.4% In August: CARE Ratings

An attendant walks past a fuel pump in Mumbai. (Photographer: Dhiraj Singh/Bloomberg)
An attendant walks past a fuel pump in Mumbai. (Photographer: Dhiraj Singh/Bloomberg)

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.

CARE Ratings Research Report

Wholesale inflation in August 2021 has inched up to 11.4% from 11.2% in July 2021.

Inflation in wholesale prices stood at a subdued 0.4% in August 2020.

The WPI inflation during the month has been higher than our estimate of 10.9%.

Retail inflation measured by the Consumer Price Index retreated to a four-month low of 5.3% in August-21 from 5.6% in the previous month.

Retail inflation during the month has witnessed a moderation while wholesale inflation has picked up marginally.

Wholesale inflation during the month has been driven by an uptick in prices of primary articles coupled with rigid prices in the fuel and manufacturing segment at elevated levels.

Click on the attachment to read the full report:

CARE Ratings Wholesale Inflation August_2021.pdf

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