Inflation inched up in April. Do you see rising crude prices and El Niño pushing inflation higher? Which companies are likely to be most impacted by higher input costs?
The inflation trajectory is turning upward, with the Wholesale Price Index (WPI)-based inflation for April rising to 8.3%. However, the pass-through to consumers is yet to fully materialize, with retail inflation at 3.48%. Food inflation has remained subdued for a considerable period and has been a key factor in keeping overall inflation under control. However, the India Meteorological Department has forecast below-normal monsoon rainfall this year, which poses an upside risk to food inflation.
