CPI UP, WPI UP, IIP DOWN

Retail inflation, as measured by the consumer price index (CPI) for April accelerated to 5.39% as compared to 4.83% in March, while the industrial output, measured by index of industrial production (IIP) for March, decreased sharply to 0.1% versus 2% in February. After 17 months of contracting, the wholesale price index (WPI) has finally entered a positive zone.  The annual rate of inflation, based on monthly WPI, stood at 0.34 percent for April, 2016 as compared to -0.85 percent for the previous month and -2.43 percent during the corresponding month of the previous year.  

Now all these factors sums up to, no possibility of any further rate cuts in the near future. The next RBI policy is stated for June 7.

Source:http://www.moneycontrol.com/news/economy/after-17-monthsfalling-wpi-nowpositive-zone-at-034_6663061.html

Source:http://www.business-standard.com/article/economy-policy/april-cpi-rises-to-5-39-march-iip-drops-to-0-1-116051200799_1.html