Quote on IIP CPI Announcement By Mr. D.R.E Reddy, CRCL LLP
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Below is quote on IIP CPI Announcement By Mr. D.R.E Reddy, CEO and Managing Partner, CRCL LLP
"Owing to higher edible oil and other commodities the CPI touched 7.79%. With commodities prices on an upswing since the mid of 2021, the companies have been left with no option but to increase prices on the majority of their product range. The inflation has stayed above the 6% mark for the fourth consecutive month and as anticipated has given a rise to food prices led by cereals, edible oil, and proteins. Going ahead this move will now lead the RBI re-visit the interest to curb the inflationary pressures".
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