Wholesale Inflation At A Five-Month High On Soaring Prices In Fuel, Manufacturing Items: CARE Ratings

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.Inflation in wholesale prices witnessed an uptick to 12.5% in October 2021, 188 basis points higher than 10.7% in the previous month. The WPI print for the month is higher than our estimate of 10.5%. On a sequential basis, wholesale prices have risen by 2.3%. Inflation at the wholesale level has come at a five-month high on account of record high inflation in the fuel, manufacturing segments and a slight uptick in prices of food items. Elevated retail prices in the fuel, edible oil, services component and a pick-up in prices of vegetables during October 2021 have contributed to a slight acceleration in consumer price index inflation to 4.5% from 4.4% in the previous month. Keeping up with the movement in retail prices, wholesale inflation too has accelerated during the month..Click on the attachment to read the full report:.DISCLAIMERThis 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.

Wholesale Inflation At A Five-Month High On Soaring Prices In Fuel, Manufacturing Items: CARE Ratings

Wholesale Inflation At A Five-Month High On Soaring Prices In Fuel, Manufacturing Items: CARE Ratings

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