Food articles and manufactured products lead the way in rising wholesale inflation
Retail inflation has reached a 12-month low but food inflation still remains a concern
As a result, while food products, motor vehicles, rubber and plastic products and other manufacturing items witnessed a month-on-month increase in the
MPC noted that domestic economic activity is holding up well and is expected to be backed by the momentum in investment demand
The MPC’s tone may have strong focus on inflation management, given the sustained high prices of vegetables
The new inflation figures and the raging prices of vegetables will make it difficult for RBI to go in for a rate cut
At 1 place inflation is ebbing down while on the other hand, recent economic data in US suggests there is some softness in the economy
During the month under review, crude petroleum inflation was at 91.74% as compared to 80.57% in October
The Government is likely to bear a burden of Rs 60,000 crore due to the excise duty cut on petrol, diesel
The retail inflation has started to move down after being above 6% in May and June. In September, the inflation was ruling at 4.35%