Perspective on WPI December 2021 by Mr. D.R.E Reddy, CRCL LLP
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Below is Perspective on WPI December 2021 By Mr. D.R.E Reddy, CEO and Managing Partner, CRCL LLP
"The WPI inflation data for the month of December stood at 13.5% but is a tad below most estimates. The WPI has fallen month on month, mainly due to a high base. The wholesale inflation is expected to weaken as we move ahead in 2022 largely due to falling commodity and primary article prices. High food and vegetable prices remain a concern. The WPI core inflation at 11% is another concern, reflecting the stickiness of inflation. Moving forward, the industrial and commodity prices will guide the WPI data. The latest restriction on mobility due to the third wave may also impact prices. The latest print of WPI and CPI inflation will have some bearing on the RBI's MPC meet next month."
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