After CPI inflation the April WPI inflation has fallen in the negative territory Says Mr. Dheer Shah, BDR Pharma
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Perspective On WPI Inflation data by Mr. Dheer Shah, CFO, BDR Pharmaceuticals
“After CPI inflation the April WPI inflation has fallen in the negative territory. The wholesale inflation has fallen to a nearly 3-year low. Most components have eased due to several causes, including those in the manufacturing, primary commodities, fuel, and power sectors. The data has been gradually easing over the past six months, consistently in sync with the retail inflation. The fall in wholesale inflation is a big positive ahead of the onset of the monsoon season. As we advance, a good monsoon season will help to keep WPI inflation constant, however, a rise in oil prices could threaten both wholesale and retail inflation. The current set of data will help the central bank to stay on an extended pause with a possibility of rate easing from CY24.”
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