- Wealth PMS (50L+)
Primary Articles (Food mostly) has shown an inflation of 18.31% with the new index going up substantially last week to cross 180.
There is a lag between inflation appearing in food to manufactured products (which is about 65% of total WPI); food price increases will trigger higher wages but only after a while when people realize they can’t live with current wages. Only then does it reflect in manufactured product prices. We have had high inflation for around 10 months now.
Posts on Inflation: