CII Naoroji Godrej Centre of Manufacturing Excellence

News and Update

Wholesale price Index in the negative

19 Apr 2016

The WPI moved into the negative zone in March 2016, consecutively for the 17thmonth, indicating weak demand and lack of pricing power for producers. It declined to 0.85% in March this year vis-à-vis march 2015, as per Union Commerce and Industry Ministry.

As per CII, the prospects of normal monsoon, combined with subdued global commodity prices and favourable government policies, should restrain upwards pressure on inflation. This should provide the space to RBI to retain its dovish stance on monetary policy and open the door for further easing of policy rates this year.

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CII Naoroji Godrej Centre of Manufacturing Excellence
Godrej Station-side Colony, Opp Railway Station,
Vikhroli (East), Mumbai – 400 079

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