Published on 15/10/2022 10:49:04 AM | Source: PR Agency
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Below is Perspective on WPI data By Mr. Raghvendra Nath, Managing Director - Ladderup Wealth Management Private Limited
The WPI like CPI still remains at elevated levels even though it has come down a bit from last month. The easing of inflation has primarily been on account of easing commodity prices globally. There is a good likelihood that global commodities may correct even further as the developed world faces the risk of recession which in turn would mean reduced demand. Even in India, with the festive season coming to an end, the months ahead may see tepid demand in comparison to the first half. We feel that WPI inflation should ease further in the next 4 to 6 months.
Above views are of the author and not of the website kindly read disclaimer
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