India WPI - Wholesale Inflation Rose To 15.9% In May, Highest Level Since September 1991: ICRA

BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..ICRA Research Report.Shrugging off the higher base, the YoY Wholesale Price Index inflation surged to 15.9% in May 2022, the highest level since September 1991, from 15.1% in April 2022. A spike in inflation for the primary food articles, particularly vegetables, and eggs, meat and fish, on account of extreme weather conditions and rising input costs such as fodder prices, pushed up the headline inflation print. Additionally, higher inflation was witnessed in the minerals, crude petroleum and natural gas and fuel and power segments, reflecting increasing global commodity and crude oil prices. While the core-WPI inflation witnessed a base-effect led moderation in May 2022, it continued to print in double digits (up 10.4%) for the fourth consecutive month. With inflation in industrial raw materials remaining stubbornly entrenched, core inflation is likely to remain elevated above 9% over the next few months. .Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

India WPI - Wholesale Inflation Rose To 15.9% In May, Highest Level Since September 1991: ICRA

India WPI - Wholesale Inflation Rose To 15.9% In May, Highest Level Since September 1991: ICRA

Choose a plan