PHD Chamber————Rise in inflation rate of CPI and WPI is majorly because of the temporary factors stoked by the food articles primarily vegetables, said Mr. Anil Khaitan, President, PHD Chamber of Commerce and Industry in a press statement issued here today.
Inflation is not a major worry at this juncture as Government is making lots of efforts for the smooth supply of food articles, said Mr. Anil Khaitan.
We have bumper kharif crops and the constraints in the perishables are temporary, added Mr. Khaitan.
CPI inflation increased to 3.6% in October 2017 from 3.3% in September 2017. Also, WPI inflation increased to 3.6% in October 2107 from 2.6% in September 2017.
We don’t expect that the rise in inflation rate is sustainable ; the average inflation should remain below 4% for the current financial year, said Mr. Khaitan.
Koteshwar Prasad Dobhal