The rupee which was at 66.7 to a dollar at February-end is currently hovering around 64-level
Snapping a trend of last four months, both inflation numbers based on the consumer price index (CPI) and the wholesale price index (WPI) moved in the same direction, rising in February against the previous month. While WPI inflation jumped to a 39-month high of 6.55 per cent in February compared to 5.25 per cent in the previous month, the CPI inflation rose to a three-month high of 3.6 per cent from 3.2 per cent. The data justified the Reserve Bank of India's caution on loose monetary stance amid expected increase in interest rates in the United States in the next few days. The likelihood of RBI cutting the policy rates in April remained subdued. The inflation numbers were up on the back of expensive food and fuel items, even as manufacturing products saw a decline in inflation. With this gap between WPI and CPI which have been widening in the last few months would narrow down a bit. However, the rise in WPI was much sharper than CPI."WPI inflation recorded a much sharper uptick in ..
It was 3.17% in January; food inflation rises to 2%
In December, the rate of retail inflation had stood at 3.41%, food inflation at 0.53%
It was at 3.4% in December 2016
Contraction in demand after demonetisation cited as the main reason
CPI inflation declines to the lowest in new series; WPI lowest in four months
Consumer Food Price Inflation for September 2016 was 3.88%
Inflation has been higher in rural areas than urban parts for five years, says a CRISIL study
The decline in inflation trajectory is expected to be driven by several factors like fall in pulse prices, projection of above normal monsoon
D&B expects WPI inflation to be in the range of 4-4.2 per cent and that of CPI to be 6.1-6.3 per cent in August this year
This is the highest year-on-year change in the CPI in the last 24 months and it is a substantial rise from the June levels above 5.77%
Jaitley said the last two years of UPA government had double digit price rise, with CPI inflation at 10.2 per cent in 2012-13