Vladimír Urbánek (Kurzy.cz)
Macroeconomics  |  December 14, 2012 09:35:26

India - Inflation in November grew more slowly than expected

Headline inflation in India in November increased by 7.24% compared to a growth of 7.45% in October, compared with expectations set to grow by 7.6%.

Wholesale prices in September rose by 8.07%, which exceeded market expectations set at 7.81%.
Consumer price index (CPI) grew by 9.9%, which is the second highest growth in the G-20 countries after Argentina.

Reserve Bank of India issued on the 18th December final report on inflation. On this occasion, it is expected that RBI keeps rates unchanged settings ie. key repo rate will remain at 8%. In response to today's data already some board members RBI said that the review / rate cuts will be necessary for signs of slowdown in price growth lasted longer. Then it will be said to reduce the space key rates.
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