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Charts & Analysis

CPI Inflation Falls to 9.39% in April 2013

Consumer Price Inflation Fell to 9.39% in April 2013, says MOSPI released data. The WPI for April 2013 will only be released on Wednesday, but the trend looks down.

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Food remained above 10% on a year-on-year basis, Fuel costs went up 8%, Clothing and Housing 10%. Transport costs have been rising as well, reflecting the increase in diesel costs.

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Rural Inflation came down sharply to 9% while urban inflation remained above 11%. This sounds very strange.

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CPI for March 2013 has been revised up marginally, but the data shows a definite downtrend. These figures are more believable than others. Food prices will now determine the future course of CPI inflation, and that will depend on the monsoon.

  • Vamsy says:

    Now we will hear all the ‘analysts’ on TV shouting at the top of their voices that RBI should reduce the rates and pump more money into the markets as if 10% inflation is somewhat OK! This is outrageous stealing of money from the people. People are fleeing the currency en masse that is causing all sorts of bubbles in RE, Gold and Silver. If FM and the RBI are crazy enough to underestimate the common sense of people – yes not all people understand the money mechanics but they are not stupid enough to see that prices are rising all the time and print more currency there will be a complete and eternal loss of confidence of currency. Can anyone please tell me looking at the current debt levels of the government and the interest on the debt when will be the day of reckoning for India?