India’s Retail Inflation Registers An Increase of 5% In December, 2014
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After recording a low Earlier, a survey of 25 analysts conducted by
"With markets pushing for the central bank to lower rates, the release (of CPI) is likely to temper expectations of an imminent start in the rate cutting cycle as fading base effects lift inflation," Radhika Rao, an economist at DBS, told Reuters.
Last month, wholesale price inflation (WPI) is expected to have picked up to 0.6%, which was flat in November. The WPI data is set come out on January 14.
By January 2016, the apex bank of India has targeted 6% inflation. The RBI also indicated that if the target is met it would try to target a 4% goal. (Image: indiatimes.com)
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