Exorbitant prices, expensive rates and interest rates hike have always been around for a long-time now. The wholesale price index (WPI) rose an annual 9.44% in June while annual fuel price inflation accelerated to 12.85% in June from 12.32% in May and annual manufacturing inflation quickened to 7.43% from 7.27%. With a possible rate hike by the central bank coming on July 26, experts A Prasanna, chief economist at I-Sec PD, P Sitaram, CFO of IDBI and Anant Narayan of Standard Chartered Bank, share that there is more to inflation.
In an exclusive interview with CNBC-TV18, Prasanna writes off any hint of a belief that perhaps inflation is slowing down and sees July inflation figures in a range of 9.75% to 10%.Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
