CPI-IW is used to compute DA of govt employees and industrial workers. The DA gets revised twice a year and is meant to adjust wage to the impact of inflation
If interest rates aren't reduced quickly & in good measure, the economy will continue to struggle
Food prices rose the fastest in 5 years for the month in villages
Consumer prices rose 4.6 percent in April from a year earlier, the statistics ministry said in a statement in New Delhi on Monday, higher than the 4.4 percent median estimate in a Bloomberg survey
The All-India CPI-IW for November increased by 1 point and pegged at 288
Grew at 3.58%, mainly due an increase in prices of consumer food items
This is 30 basis points higher than the 3.28 per cent recorded for September
Financial advisors factor in the long-term average rate to ensure savings not impacted