Source: The Hindu Businessline
K.R. Srivats New Delhi, Feb 14
The Wholesale Price Index (WPI)-based inflation came in at a lower-than-expected 6.62 per cent in January. This was lower than 7.18 per cent inflation recorded in December last year. Core inflation for January came in at 4.1 per cent, lower than 4.2 per cent in December last year. This positive surprise for the markets notwithstanding, the Reserve Bank of India is likely to move cautiously on monetary easing in March policy review. The wedge between WPI and CPI is widening, economy watchers pointed out. While manufacturing products inflation fell to 4.81 per cent in January (5.04 per cent in December), primary articles inflation stood at 10.3 per cent (10.6 per cent). (Source: The Hindu Businessline)