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Perspective on WPI data By Mr. Raghvendra Nath, Ladderup Wealth Management
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Below is Perspective on WPI data By Mr. Raghvendra Nath, MD, Ladderup Wealth Management
“WPI worsened further to 14.55% in March, being the 12th straight month where the inflation has stayed in double digits. This was the highest month on month WPI increase experienced by the economy since the WPI series began in 2004. The margins of companies across sectors may further face headwinds for at least next 2 quarters, owing to the Russia-Ukraine war as it continues to affect commodity and food prices, fresh set of restrictions if implemented due to the rising COVID cases can again be troublesome for the economy.”
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