The CII is used to notify the rate of inflation for indexation purposes in India every financial year. And for this current CIIC series, the base year has been considered as 2001-02 (Do note that in the Union Budget of 2017, the base year for CII had been shifted from 1981 to 2001)....
These trends match up with the dramatic price changes for OCC we had seen in the past year. Strong demand in the earlier half of 2022 caused the prices to peak at all-time highs, but by the time we got to the latter half of the year, the prices had plummeted with the disap...