Indias headline inflation (as measured by WPI) for the month of March 2011 continues to disappoint not only the 'aam aadmi' but also the RBI and the Finance Ministry. The Wholesale Price Index (WPI) for the month of March 2011 once again rose to 8.98%, thereby completely crushing the expectations of the RBI and the Finance Ministry of a below 8% inflation rate by March end.
The Reserve Bank of India (RBI) has been battling with the inflation bug since last March, and has raised policy rates 8 times successively since then, as inflation remained above the comfort range (of 7.00%).
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WPI Inflation March 2011
The Reserve Bank of India (RBI) has been battling with the inflation bug since last March, and has raised policy rates 8 times successively since then, as inflation remained above the comfort range (of 7.00%).
Continue Reading..
WPI Inflation March 2011