-
Mar 13, 2013
-
Feb retail inflation at a high of 10.9%
The consumer price index (CPI)-based inflation reached a peak of 10.91 per cent in February, against 8.83 per cent in the corresponding period of the previous year and 10.79 per cent in January. The inflation was largely driven by high food prices. The data for February’s wholesale price index (WPI)-based inflation is likely on Thursday. It saw a considerable deceleration in January, at 6.62 per cent against 7.18 per cent in December.These numbers assume importance as the Reserve Bank of India (RBI) is scheduled to announce its mid-quarter review of monetary policy on March 19. Those batting for a cut in the policy rate have been citing a decline in WPI inflation. Economic affairs secretary Arvind Mayaram today built a case for rate cut on easing inflation. He was also referring to the WPI inflation.
Source -
http://www.business-standard.com
|