News18May 24, 2022High Wholesale Inflation: MSME Margins Shrinking, Operating Cost Rising, Says ReportAs the wholesale inflation has touched a nine-month high of 15 per cent in April, MSMEs (micro, small and medium enterprises) from food processing, textile, engineering and plastics sectors are struggling to manage their margins amid rising input prices. The operating cost of small and medium family enterprises has risen nearly 20 per cent on account of a sharp rise in raw material prices, according to a report.“Cost of materials has risen 35 per cent in FY 2021-22 from the previous year for 96 manufacturing companies listed on BSE, while their sales expanded 30 per cent (according to a study by MVIRDC). On an average, these 96 companies spend 50 per cent of their total expenditure on raw materials and intermediate goods," according to a White Paper on ‘Impact of Inflation on Trade & Industry’ by the World Trade Centre, Mumbai.Read more at News18
As the wholesale inflation has touched a nine-month high of 15 per cent in April, MSMEs (micro, small and medium enterprises) from food processing, textile, engineering and plastics sectors are struggling to manage their margins amid rising input prices. The operating cost of small and medium family enterprises has risen nearly 20 per cent on account of a sharp rise in raw material prices, according to a report.“Cost of materials has risen 35 per cent in FY 2021-22 from the previous year for 96 manufacturing companies listed on BSE, while their sales expanded 30 per cent (according to a study by MVIRDC). On an average, these 96 companies spend 50 per cent of their total expenditure on raw materials and intermediate goods," according to a White Paper on ‘Impact of Inflation on Trade & Industry’ by the World Trade Centre, Mumbai.Read more at News18
