Expert Speaks :: ‘WPI inflation to inch up in the near-term’
WPI inflation moderated to 2%, reaching a three-month low, primarily driven by a decline in food prices due to the base effect. However, this easing is likely to be temporary as vegetable prices continue to rise sequentially. There would, however, be a counterbalancing factor as well.
The monsoon’s coverage of large parts of the country is expected to improve the harvest, potentially alleviating supply concerns. The future trajectory of WPI will largely depend on the performance of manufactured products, which are beginning to show positive movement from a low base.
Overall, we expect WPI inflation to inch up in the near-term.”
Views By: Sujan Hajra, Chief Economist & Executive Director, Anand Rathi Shares and Stock Brokers
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