India Economics

India Data Response

14 June, 2017

Wholesale Prices (May)

The drop in headline Indian wholesale price inflation in May will increase the clamour for rate cuts. But stripping out the effect of volatile fuel and food prices, our measure of core WPI inflation actually edged up last month. With reasons to think that core price pressures will rise further over the coming months, the RBI is likely to remain on the sidelines.

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