Decline in retail inflation to strengthen macro-economic environment: PHD Chamber

Decline in retail inflation to strengthen macro-economic environment: PHD Chamber

Decline in retail inflation to strengthen macro-economic environment: PHD Chamber

 

No.PR-06
April 13, 2015
New Delhi
 

Decline in retail inflation to strengthen macro-economic environment: PHD Chamber
 

Notwithstanding the bad weather conditions in the month of March 2015, the fall in CPI inflation that too led by deceleration in the prices of fruits and vegetables is inspiring and indicative of improved supply side conditions in the country, said President PHD Chamber of Commerce and Industry Mr. Alok B. Shriram in a press statement issued here today.
 

The CPI inflation declined from 5.4% in February 2015 to 5.2% in March 2015 due to decline in prices of vegetables, egg, clothing, footwear and housing.
 

Stability in retail inflation would help strengthening of macroeconomic system and pave the way for soft monetary policy environment, going forward.
 

ENDS

Koteshwar Prasad Dobhal
Consultant (PR)