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Essay text:
Besides the fuel
price increase, the uptrend seen in basic metals and iron-ore since the last two
months continues up 20.7% and 41.6% respectively.
? Key Contributors to Inflation and Index Revisions: Primary articles were up
10.8%; manufactured products were up 9.1% while the fuel price index was up
16.25%. Of the headline 11.05% WPI number, 2.5% is attributed to primary
articles, 5.1% to manufacturing and 3.5% to the fuel index. As seen in the chart
below, upward revisions to the index continue with the April 12 data being
revised up from 7.33% to 7.95%
? Monetary Tightening to Continue: As mentioned in our latest Macroscope (see
https://www...
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