January inflation eases to 6.55% MoM
January wholesale inflation has eased to 6.55% (MoM) against 7.47% in the last month.
C Rangarajan of PMEAC believes the environment is conducive for a change in policy stance. "We will need to look at the trajectory of manufacturing inflation," he says adding, "the prices coming down in that space is very encouraging."
He says the inflation is likely to remain stable at current levels or thereabouts.
Here is a snapshot:
C Rangarajan of PMEAC believes the environment is conducive for a change in policy stance. "We will need to look at the trajectory of manufacturing inflation," he says adding, "the prices coming down in that space is very encouraging."
He says the inflation is likely to remain stable at current levels or thereabouts.
Here is a snapshot:
- Jan primary articles inflation at 2.25% Vs 3.07% (MoM)
- Jan WPI primary articles index up 0.5%
- Jan food articles inflation at -0.52% Vs 0.74% (MoM)
- Jan food articles index down up 0.3% (MoM)
- Jan fuel group inflation at 14.21% Vs 14.91% (MoM)
- Jan fuel group index up 0.1% (MoM)
- Jan manufacturing products inflation at 6.49% Vs 7.41% (MoM)
- Jan manufacturing products index :: Up 0.4% (MoM)
- Jan all commodities index up 0.5% (MoM)
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