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.
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