India's inflation eased in April even as revised data showed wholesale price infla- tion has already crossed the double-digit mark in February.The decelerating price data along with moderating factory output may ease the pressure on the central bank to immedi- ately raise policy rates at a time when the impact of the emerging crisis in Europe is yet unknown. However, econo- mists say the Reserve Bank of India (RBI) may continue raising interest rates in a slow and calibrated manner.
Provisional data released by the department of industrial policy and promotion showed that in April, inflation stood at 9.59% while data for February was revised to 10.06%.
While inflation for manufac- tured items surprisingly de- clined in April due to a fall in the prices of sugar and edible oil, food inflation rose on the back of higher prices of pulses, milk, condiments and spices.
DETAILED NEWS CAN BE VIEWED FROM THE LINK IN HEADLINE ABOVE.
WITH THANKS : Source : Live Mint
www.RWABhagidari.blogspot.com
While inflation for manufac- tured items surprisingly de- clined in April due to a fall in the prices of sugar and edible oil, food inflation rose on the back of higher prices of pulses, milk, condiments and spices.
DETAILED NEWS CAN BE VIEWED FROM THE LINK IN HEADLINE ABOVE.
WITH THANKS : Source : Live Mint
www.RWABhagidari.blogspot.com
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