Perspective On April WPI data by Mr. Dheer Shah, CFO, BDR Pharmaceuticals
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Below the Perspective On April WPI data by Mr. Dheer Shah, CFO, BDR Pharmaceuticals
WPI numbers have been in line with expectations for the most part. The April WPI has come in at a 13-month high of 1.26% against the estimated 1%, compared to the WPI in March at 0.53% against 0.20. The base impact was key in the wholesale index's January value of 0.27%, the first negative reading since July 2020. The WPI is likely to have risen from all-time lows in April because of higher prices of food, particularly vegetables. A firmness in commodity prices and base effect from last year would see WPI adjusting towards the higher side. However, a good monsoon season will help to keep WPI inflation constant.
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