WPI-CPI Divergence Continues In November: Anand Rathi
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Anand Rathi Report
Wholesale price inflation for November 2020 at 1.6% was marginally below consensus expectation.
Like retail inflation, food and fuel inflation for WPI also softened during the month. Manufactured product inflation hardened.
The decision of the government not to pass on the softer global crude-oil prices to retail customers but transmission of the same in wholesale prices led to a major difference in this category between inflation measured by retail and wholesale price indices.
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