High inflation may dent India’s Covid-hit economy further
India Today
Rising inflation is likely to erode demand, which has already been enfeebled by pandemic-induced restrictions and subdued consumer sentiments, say experts.
Rising inflation is likely to erode demand already weakened by the pandemic-induced restrictions and subdued consumer sentiments, experts say. India’s wholesale prices have been on the rise since December. In May 2021, the Wholesale Price Index (WPI) soared to 12.94 per cent, the highest in the past decade. The spike is largely attributed to a low base and to the jump in prices of fuel and other products.More Related News