Raw MAterial Prices

PHD Chamber Expressed Concerns for MSME Over Growing Raw Material Prices

Sanjay Aggarwal said that the spike in WPI inflation at 10.49 per cent in April 2021 from 7.39 per cent in March 2021 is majorly due to skyrocketing commodity prices, which have escalated the overall WPI inflation in the double digits and have severely impacted the price-cost margins of the businesses in the difficult pandemic time of coronavirus.