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Perspective on WPI inflation data By D.R.E Reddy, CRCL LLP
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Perspective on WPI inflation data By DRE. Reddy, CEO and Managing Partner at CRCL LL
"The CPI reached 7.01 percent due to higher edible oil and other commodities. Food prices, which account for nearly half of the inflation basket, will remain high due to supply chain issues, crude oil price increases amidst geopolitical tensions. Commodity prices have risen, leaving businesses with no choice but to pass the increased costs onto end users. Inflationary pressures have been felt by every Indian household that is struggling financially".
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