01-01-1970 12:00 AM | Source: PR Agency
Perspective on WPI Data : At -4.1% YoY, India`s WPI remained in deflationary territory in June By Mr. Mohit Ralhan TIW Capital
News By Tags | #248 #607 #6952 #8517

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel


Download Telegram App before Joining the Channel

Below The Perspective on the WPI Data of Mr. Mohit Ralhan, Chief Executive Officer, TIW Capital 


“At -4.1% YoY, India's WPI remained in deflationary territory in June. The decline in the index was primarily driven by a drop in fuel and power prices and manufactured product prices. Fuel price drop was on a high base last year while the decline in manufactured prices was because of a dip in edible oil, textile and chemical & chemical products prices. However, food article prices inched higher on a sequential basis. The vegetable price index witnessed a more than 10% jump from May to June.

The deflation in the manufacturing price index could be a cause of concern as it usually indicates weaker economic activity in the future. Meanwhile, a jump in vegetable prices will be keenly tracked by the RBI as it might hurt the CPI trajectory going ahead.”


Above views are of the author and not of the website kindly read disclaimer