Inflation must be stable and in a range for the central bank to put its interest rate policy Says Mr. Dheer Shah, BDR Pharma
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Perspective On March WPI data by Mr. Dheer Shah, CFO, BDR Pharmaceuticals
“As expected, the WPI inflation rate has eased to 1.34%. After CPI inflation data released last week fell to a 15-month low, WPI inflation has slowed to a 29-month low. Most components of the WPI inflation rate have eased across manufactured, primary, and fuel and power groups. The fall in wholesale inflation is a positive development. On expected lines, the data has
been softening for the past few months and falling in sync with retail inflation. As we advance, a good monsoon year will help with stable WPI inflation, whereas a spike in crude prices will pose a risk to wholesale and retail inflation.
Inflation must be stable and in a range for the central bank to put its interest rate policy on hold and start easing from CY24 onwards.”
Above views are of the author and not of the website kindly read disclaimer
