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The easing of WPI to a 21-month low of 5.85% in November is the continuation of the trend Says Mr. Mohit Ralhan, TIW Capital
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Perspective on WPI Data by Mr Mohit Ralhan, CEO, TIW Capital
The easing of WPI to a 21-month low of 5.85% in November is the continuation of the trend that we saw with the recent CPI data. The downward trend has been continuing for a few months now. It’s a nig positive for corporate earnings and operating margins. The easing of WPI in food articles to 1.07% is the most significant one which also augurs well for the CPI inflation in the coming quarters. Although the inflation data has come as a big relief, RBI is likely to wait for the December data before pivoting the policy towards stable policy rates. The economy is at a critical point where now both inflation and growth need equal policy attention.
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