THE PRICES ARE RISING AGAIN
The inflation has again started to rise up every month.
The CPI rate of July is 6.07% against 5.77% in June.
The WPI rate of July being 3.55% against 1.62% in June.
There is some respite in the data of industrial output which came at 2.1% in June against 1.2% in May.
We are seeing this rise in prices for some months now, which relates to no possibility of rate cuts in the near future. Remember the CPI data of 6.07% is above the comfort level, both for RBI and PM. Link:http://www.business-standard.com/article/economy-policy/rbi-govt-will-work-to-contain-inflation-at-4-narendra-modi-116080801669_1.html
All this comes at a time when the RBI governor Raghuram Rajan is about to leave for Chicago after his term ends on September 4, 2016. We hope things turn good sooner than later.
All this comes at a time when the RBI governor Raghuram Rajan is about to leave for Chicago after his term ends on September 4, 2016. We hope things turn good sooner than later.
No comments:
Post a Comment