Login ID:
Password:
Partner Login
Contact Us : 7066511911

WPI inflation stays at 13.93% in July

16 Aug 2022 2:30 pm
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

Mumbai, August 16 (Commoditiescontrol) Wholesale inflation stayed at 13.93 per cent in July, data released by the Ministry of Commerce & Industry showed.

The WPI had rose to 15.18 per cent during the month of June, while the WPI for May was revised to 16.63 per cent from 15.88 per cent, the data showed. The WPI in July 2021 was at 11.57 per cent.

The key reason for the inflation level is rising food, fuel, and vegetable prices. Wholesale inflation level has softened a bit if compared month on month, but it has remained in double digits for 15 straight months. Higher crude oil prices and input costs still weigh on the producers and pass-through has resulted in pushing the retail inflation higher. This move also implies that manufacturers are recovering their pricing power.


The global economy is recovering as we witness an increase in demand for metals, oils, crude and fertilizers. Moving forward, as the crude prices soften in the summer season and supply issues getting resolved will help ease WPI inflation in the next few months.


       
  Rate this story 1 out of 52 out of 53 out of 54 out of 55 out of 5 Rated
0.0

   Post comment
Comment :

Note : This forum is moderated. We reserve the right to not publish and/or edit the comment on the site, if the comment is offensive, contains inappropriate data or violates our editorial policy.
Name :  
Email :  
   

Top | Post Comment  

Latest Market Commentary
Market snapshot MCX/NCDEX
Market snapshot Globex
Market snapshot MCX/NCDEX
Market snapshot Globex
Market snapshot MCX/NCDEX
more
Top 5 News
Burma Urad & Madhya Pradesh Masoor firm at Delhi
Major producing states witness arrival of 97,600 bales ...
Imported Tur declines at Mumbai, Tanzania Chana gain
Burma Urad-Tur prices in $ terms at Chennai
Sugar prices remain nearly steady
Top 5 Special Reports
US soybean net export sales for Nov 11-17 down noticea...
US Cotton net export sales reductions for Nov 11 -17 at...
Castor Oil (Kadi) Bullish Price Trend / Next Resistan...
Akola Desi Tur (Pigeon Pea) Trending Higher / Next Re...
Soy Refined Oil (Indore) Positive Short-term Trend / ...
Copyright © CC Commodity Info Services LLP. All rights reserved.