WPI is dragged down by a fall in overall input costs for manufacturers on the back of favourable commodity prices. It was recorded at 4.73 per cent in January.
While a lot has been talked about commodities that have become expensive, not much is being talked about commodities that are selling cheaper than last year.
WPI inflation has remained in double digit for the seventh consecutive month. Inflation in September this year was at 10.66 per cent, while in October 2020 it was at 1.31 per cent.
The high rate of inflation was due to the rise in prices of mineral oils, basic metals, non-food articles, food products, crude oil & natural gas, chemicals & chemical products etc.
WPI inflation however remained double-digit for the third consecutive month in June, mainly due to a low base of last year. WPI inflation was at (-) 1.81%, in June 2020.
While bond yields tend to fall amid low inflation & interest rate cuts, market experts say they’ve been rising due to concerns over tax collections, fiscal deficit & potential impact of US tariffs.
It is one of the most advanced long-range air defence and anti-missile radars. It has been acquired under an about USD 145-million deal signed in 2020.
In its toughest time in decades because of floods, Punjab would’ve expected PM Modi to visit. If he has the time for a Bihar tour, why not a short visit to next-door Punjab?
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