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Charts & Analysis

WPI Inflation for Feb 2013 at 6.84%

February 2013 has shown a small jump in Wholesale Price Inflation to 6.84% (from last month’s 6.62%)

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Much about the low number is really the lack of inflation in manufactured goods (4.51%) whereas both food and fuel inflation are nearly 10% above last year’s levels.

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However, it doesn’t seem like we can rely on this data to stay low. Revisions for Dec 2012 are in and they’ve upped inflation in December from the first announced 7.18% to a revised 7.31%, changing the slope of the curve then and now.

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I expect that the RBI will cut rates by another 0.25%. However, tomorrow is when Consumer Price Inflation is announced, and that might be more relevant to you and I. It’s running at more than 10% in Jan.