Oil-price volatility and El Nino to pressure commodities
after close1 source ↓written by the desknot a recommendation
- in July
- 9.8%
- compared to last
- 9.6%
Oil-price volatility, rising insurance and freight costs, and intensifying El Nino effects are expected to exert pressure on imported commodities and food prices. Headline WPI was 9.8% in July, with output PPI rising 9.6% compared to last year. These factors may sustain upward pressure on inflation metrics.
Not investment advice. For informational purposes only.