Opposition is screaming about Inflation,but India under @narendramodi has curbed #Inflation,versus global peers
#VegetableInflation in India is minus 1.92% in May&Food inflation 5.01%
Globally,#FoodInflation up 39.7%, Cereal up 36.6%,Wheat price up 28% &Maize 89.3%
My thread👇
#VegetableInflation in India is minus 1.92% in May&Food inflation 5.01%
Globally,#FoodInflation up 39.7%, Cereal up 36.6%,Wheat price up 28% &Maize 89.3%
My thread👇
https://twitter.com/Sanju_Verma_/status/1404516413717417984
Globally #Inflation is rising because of co-ordinated fiscal stimulus,that has led to asset prices,zooming;For instance,annualized inflation in USA is 9.7%;2yrs back,US was in throes of #Disinflation
$6 trillion stimulus by #Biden has led to too much money chasing too few goods
$6 trillion stimulus by #Biden has led to too much money chasing too few goods
For those wanting to know why the difference in #WPI&CPI,figures well,weights of items in CPI are based on average household expenditure,taken from consumer expenditure surveys
Weightage of Primary articles in #CPI is 55%+,with Food group alone having weight of 39.06%
#Inflation
Weightage of Primary articles in #CPI is 55%+,with Food group alone having weight of 39.06%
#Inflation
WPI,in meanwhile,does not include #Services.A significant proportion of WPI basket represents #Manufacturing inputs&intermediate goods like minerals, basic metals, machinery,etc.#Primary articles have weightage of only 22.62%,with the Food group at roughly 17% in #WPI
#Inflation
#Inflation
Manufactured products have high weight of 64.23% in WPI.Hence #CPI is commonly known as #Consumer inflation,with focus on #Food while #WPI is known as Manufacturing inflation,with focus on Non Food items
RBI's target of 5.1% CPI for FY22 holds good,with CPI to fall to 4.7% in Q3
RBI's target of 5.1% CPI for FY22 holds good,with CPI to fall to 4.7% in Q3
• • •
Missing some Tweet in this thread? You can try to
force a refresh
