Perspective on WPI data By Mr. Raghvendra Nath, Ladderup Wealth Management Private Limited
Below is Perspective on WPI data By Mr. Raghvendra Nath, Managing Director - Ladderup Wealth Management Private Limited
“India’s Wholesale price index (WPI) has eased to 12.41 percent in August, compared to the spike we had seen July at 13.93 per cent. The food price segment continues to remain high at 12.37 per cent in August which can be attributed majorly to rise in vegetable prices. Thus, even though there is uptick in the prices of food items this ease WPI is majorly due to softening in the prices of manufacturing items. From August 2021, this is the 17th consecutive month of double-digit wholesale price inflation (WPI). However, to frame the monetary policy, RBI mainly looks at retail inflation. We expect that there would be hike in interest rate in order to tame inflation.”
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