New Delhi: During March this year, the headline WPI inflation is likely to be in the range of (-) 0.2 percent to (-) 1.8 percent, as per report by research firm, Dun & Bradstreet.
The report said that though food price levels might witness a rebound in the coming months, weak demand conditions coupled with lower commodity prices are likely to keep inflationary pressures subdued for the fifth consecutive month.
D&B expects the WPI inflation to be in the range of (-) 0.2 percent to (-) 1.8 percent during March 2015. As per official figures, the wholesale inflation dipped to (-) 2.06 percent in February as prices of food articles, manufactured items and fuel products fell during the month. This was the fourth month in a row that WPI-based inflation remained in negative zone.
D&B said food price levels might witness a rebound as foodgrain production is estimated to have declined during 2014-15. Besides, in states like Maharashtra, foodgrain production has suffered due to drought and other natural calamities.
