Concern on demonetisation effect not buttressed by deeper look at CPI, WPI data for November, despite ostensible fall in pace or rise
This, despite fall in food inflation
Food index pushes inflation to 2-year high
Wholesale food prices last month rose 11.82% year-on-year, compared with a provisional 8.18% gain in June
Going forward, Nomura expects the uptick in year-on-year WPI inflation to continue
Push from food inflation, among others
At double the rate of 0.79% in the previous two months each
Rising food prices led to the significant increase; May's WPI was seen at 0.79%
Pulses inflation has remained in double digits since January 2015 and stood at 35.56% in May
Food articles inflation may be the reason behind the rise in inflationary pressure, which came in at 7.88% in May versus 4.23% month-on-month
The WPI is likely to hit the highest in three years on rising prices of both agri and non-agri commodities
Pressure points remained in food, inflation for which accelerated to 4.23% in April from 3.73% in March
In a report, BofA-ML said RBI is expected to go for a 25 bps cut on August 9
The global brokerage firm has a 2016-17 CPI inflation forecast of 5.7% in March 2017
WPI inflation stood at minus 0.85 per cent, compared to minus 0.91 per cent in February
Food inflation, however, up at 3.73% in March
Recent meteorological prediction indicates expectation of normal rainfall this year which is a huge positive
Manufacturing prices keep on falling, while food inflation eases to 3.35 per cent