Friday, August 1, 2014

At a turn and yet not

..........But can it be said with certainty that inflation risks have altogether disappeared? There is, of course, the near-term risk of a deficient monsoon, which could push up food inflation. Looking to long-term inflation expectations, RBI could well choose to see through a short-term, transient spike. But the sequential rise in inflation momentum is a factor. More subdued at retail levels, the pick-up in core-WPI inflation has steadily sustained for eight, successive months; quite unlike CPI-core inflation, which shows......

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