"The country will continue to have CPI inflation for some time due to market imperfections. But the deflation in WPI will cause concern for some sectors where the prices of intermediate goods are falling," Anant told reporters on the sidelines of a session organised by the Bharat Chamber of Commerce here.
To a specific query, he said it will be "difficult" to say the country is passing through a deflationary phase in general.
Anant said CPI inflation has many structural ramifications, which is a result of lack of market integration.
"The deflation in WPI will cause worry for sectors where the input prices of intermediate and capital goods were falling. These sectors (companies in which they are in) will feel the pressure," Anant said.
In the long run, there could be possibility that the WPI and CPI movements would converge, he added.

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