X-Trade Brokers  (X-Trade Brokers )
Macroeconomics  |  August 17, 2012 12:06:00

Inflation in India in July fell to a three-year low


Annual growth in India's wholesale prices unexpectedly slowed in July for a three year minimum of 6.87% from 7.25% in June, announced the Ministry of Industry and Trade. In the same period a year ago the index WPI moved to 9.36%. Prices of food products rose by 10.4%, compared with 11.5% a year ago and non-food products prices jumped by 13.0%. Contrary, mitigate fuel prices monthly growth to 5.9% and prices of goods to 5.6%.

Positive inflation report increases the chance of an interest rate cut by Indian central bank.Most economists, however, believes that very high food prices, lack of monsoon rainfall and rising oil prices may affect any decision on interest rates. The Indian economy is affected by many factors, relentlessly high inflation, weak demand and high interest rates. Industrial production dropped for the third time in four months in June, slowing from the beginning of exports and imports.

Analysts Moody's Investors last week reduced the estimate of India's GDP growth to 5.5% from 6.0% this year.Quote irresponsible attitude of the legislature, uncertain global environment and the lack of monsoon rainfall. Moody's sees no sign of recovery until the quarter to December.

India's central bank in July kept interest rates unchanged. The statement said that the current situation, the reduction in interest rates only exacerbated the inflationary impulses, without necessarily stimulate growth. Repo rate remained at 8.0% and reverse repo rate to 7.0%. In April, interest rates fell by half a percentage point.Increased inflation projection for this year to 7.0% from 6.5% while reducing GDP growth forecast to 6.5% from 7.3%. International Monetary Fund estimated in July decreased growth of the Indian economy by 0.7% to 6.1%.



Was this article: 10 | 8 | 6 | 4 | 2 | 0


Last news from the section Macroeconomics:

Pá 22:01  Wall Street Closing Bell & výhled na týden od 21. 8. 17 Grant Capital (Grant Capital)
Pá 21:42  Domácí HDP vyskočil a pomohl koruně k mírným ziskům Investiční bankovnictví (Komerční banka)
Pá 16:24  Spotřebitelská důvěra UniMichigan stoupá ČSOB-Dealing (ČSOB-Dealing)
Pá 15:23  FOMC Minutes - slabost inflace má hlubší kořeny Research (Česká spořitelna)

Read also:

August 26, 2016Japonsko - inflace v červenci klesla o 0,5% = nejvíce za 3 roky Vladimír Urbánek (Kurzy.cz)
August 09, 2016Inflace v Číně klesla na minimum za půl roku Patria (Patria Online)
August 17, 2012Canada's inflation rate fell to a two-month low in July X-Trade Brokers (X-Trade Brokers )
August 16, 2012Eurozone inflation in July was flat at 1.5 - year low X-Trade Brokers (X-Trade Brokers )

Inflace Indie v červenci klesla na tříleté minimum

Diskuze a názory

Na dané téma nejsou žádné názory.


Zobrazit sloupec 
Moner | ISIN database | Weather forecast
Česká verze
Kurzy.cz - Akcie cz, kurzy měn, forex, zlato.
Favorite: Prague Stock Exchange Czech crown Czech economy Commodities Gold Trademarks Prague Weather

Copyright © 2000 - 2017

Kurzy.cz, spol. s r.o., AliaWeb, spol. s r.o.,

ISSN 1801-8688