Ten of the 14 states that are headed for elections over the next two years have inflation above the RBI’s upper tolerance limit of 6%. According to an ET analysis, inflation rates in nine of them are nearly twice what they were five years ago, when elections were last held there. Source link
If it really wanted to get ahead of the inflation challenge, India’s central bank should have paid more attention to Surf . The price of the laundry detergent went up by 20% in January. While that’s hardly news when most everyday things are becoming dearer everywhere, the interesting part was the retail price before the … Read more
India’s retail and wholesale inflation will probably accelerate during the second half of this year, according to economists surveyed by Bloomberg. The wholesale price index is expected to continue to grow in double-digits, at 10.71% from a year during the July-September quarter, up from the previous forecast of 10.12%, before slowing to 9.13% in the … Read more