Statement on WPI Data June 2022 By Dr. Vikas Gupta, OmniScience Capital
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Below is Statement on Statement on WPI Data June 2022 By Dr Vikas Gupta, CEO and Chief Investment Strategist, OmniScience Capital
The month-on-month inflation for manufactured products, which is the largest weightage in the WPI index, is easing significantly and so is Fuel and power. It is likely that WPI should ease further going forward given crude oil and commodity prices are moving downwards. This will help improve the overall macroeconomic scenario and reduce at least one driving factor for RBI interest rate increases. The rationalization of input costs should help improve the real demand scenario and profitability of most sectors except natural resources.
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