Angel Broking - WPI Inflation Update - December 2012
Rajesh Desai
Dear All,
Forwarding you the WPI Inflation Update – December 2012.
Core inflation at two-year low raises hope for rate cut
Whole sale Price Index (WPI) inflation for the month of December 2012 receded slightly to 7.18% yoy as compared to 7.24% yoy in the previous month.
On a 3MMA basis too, headline WPI inflation eased to 7.3% yoy as compared to 7.5% yoy in November 2012.
We believe that the recent data points including decline in industrial production, moderation in headline inflation print for the third straight month, and easing of the core component within the Reserve Bank of India (RBI)’s comfort zone, make for adequate grounds for monetary policy easing by the RBI. In its third quarter monetary policy review on January 29, 2013, we expect the RBI to reduce the repo rate by 25bp.
Kindly click on the following link to view the Report.
WPI Inflation Update - December 2012
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CA. Rajesh Desai