which accounts for two-thirds of the basket of goods used to calculate prices. It has declined steadily from over 8 per cent in November to 5.1 per cent in April. The RBI will next review monetary policy on June 18. The May inflation and April industrial output data will be available to the apex bank before the review meeting. Prime Ministers economic adviser C. Rangarajan has also expressed his concerns as many people have been calling for an easing in monetary policy 李晓霞公布恋情

Finance Indias headline inflation took a northward blip in April due to spurt in food prices, limiting the scope of the Reserve Bank of India to cut key interest rates to help revive the economy. Inflation (Wholesale price Index) rose to 7.23% in April 2012(YoY). The headline inflation was 6.89 per cent in March. Prices of vegetables jumped a whopping 60.97 per cent, while egg, meat and fish were dearer by 17.54 per cent and oilseeds 16.66 per cent. Food inflation which makes up 14.33% of the WPI touched a 13 month high at 10.49 per cent in April, compared with 9.94 per cent in the previous month because of costlier vegetables and protein-based products. Inflation in food items, or manufactured food products, was 6.50 per cent compared with 1.3 per cent in March and 5.94 per cent in April 2011. The only breather was that the price rise of manufactured goods showed moderation increasing only marginally to 5.12 per cent in April 2012 from 4.87 per cent in March 2012. Inching up of inflation and contraction in IIP (Index of Industrial Production) are signs of sharp slowdown in economic activity said Rajesh Sharma CMD of Money Matters Financial Services ltd. Core Inflation, which excludes food and fuel inflation inched up in the month to 4.9% from 4.7% in March, largely because of a rise in price triggered by higher excise duty imposed in the budget. Finance minister has also expressed his concerns about double digit food inflation and suggested that it can be tackled by creating storing facilities and through institutional reforms in agricultural marketing. In both these areas states have to take appropriate steps .The minister expressed satisfaction about manufacturing inflation, which accounts for two-thirds of the basket of goods used to calculate prices. It has declined steadily from over 8 per cent in November to 5.1 per cent in April. The RBI will next review monetary policy on June 18. The May inflation and April industrial output data will be available to the apex bank before the review meeting. Prime Ministers economic adviser C. Rangarajan has also expressed his concerns as many people have been calling for an easing in monetary policy, but the recent rise in inflation makes it difficult for the RBI to moderate policy. The tight monetary policy followed by the RBI for more than three years has helped to bring down inflation from a high of 10 per cent in September last year. The RBI had last month cut its key repo rate by 0.5 percentage point to 8 per cent to ease money supply to help economic growth. However, the worrying part is food inflation which has again taken a U turn , a 7%+ inflation before Delhi decides to hike oil prices and cut in the subsidy, should keep Governor hold on rates on June 18 review meetingsaid Rajesh Sharma CMD of Money Matters Financial Services Ltd. About the Author: 相关的主题文章: