320-x-100_uti_gold.jpg" alt="Advertisement">
Perspective on WPI Data By Mr. D. R. E Reddy, CRCL LLP
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
Below is perspective on WPI Data By Mr. D. R. E Reddy, CEO and Managing Director at CRCL LLP
“After a rise in CPI inflation, we are witnessed a rise in wholesale price index (WPI) inflation. The WPI data has risen to a 5 month high which is higher than expected. The higher manufactured products and fuel inflation have led to a rise in WPI.
The rise in the WPI is a cause of concern as the industries may pass it on to the end consumers. The persistent rise in inflation points to a rise in demand. On the positive side, the rise in demand points to a recovery in growth as lockdown is eased across the country.
The month-on-month rise may hasten RBI's decision to unwind the excess liquidity, tighten the policy rates earlier than expected.”
Above views are of the author and not of the website kindly read disclaimer
