Inflation must be stable and in a range for the central bank to put its interest rate policy on hold Says Dheer Shah, BDR Pharmaceuticals
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Below Perspective on March WPI data by Mr. Dheer Shah, CFO, BDR Pharma
“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.”
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