Perspective on WPI Data By Mr. D. R. E Reddy, CRCL LLP
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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.”
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