Crisil: West Asia crisis to lift everyday goods prices in India as input costs hit 44-month high
Crisil flags WPI input-output ratio above 1 for the first time in 44 months, with input prices up 6.2% MoM versus 0.7% output. Copper (+17.3%), aluminium (+20.6%), crude-related (+49.3%) and gas-related (+19.1%) inputs are surging, signalling near-term consumer price hikes as Indian manufacturers pass through costs.
Crisil warns West Asia crisis and Strait of Hormuz closure are pushing input costs (copper, aluminium, crude, gas) sharply higher, with WPI input-output ratio above 1 for first time in 44 months. Indian consumer goods price hikes likely as manufacturers pass through costs.