Inflation went up sharply in Q1
Inflation went up sharply in Q1
Inflation computed by taking the gross domestic product (GDP) deflator for the first quarter of fiscal 2013 (FY13) works out to 7.7% year-on-year compared with 6.4% in the previous quarter. The Reserve Bank of India (RBI) will now have even less reason to loosen monetary policy.
Also See | Inflation Woes (PDF)
Incidentally, inflation computed according to WPI does not show a sharp jump between the March and June quarters. However, there is a similar jump in the Consumer Price Index in the June quarter compared with the March quarter, largely due to higher food prices.
manas.c@livemint.com
Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!