Wpi

Food inflation in November stood at 3.94%, against 6.37% in the previous monthThe RBI in its monetary policy earlier this month had said that inflation will remain elevated, barring transient relief in the winter months

Wholesale price inflation was driven by a quickening in the prices of food items, similar to the trend displayed by retail inflation

The biggest contributor to WPI deflation was crude, petroleum and natural gas, which showed a fall of 46.21%

Wholesale prices posted biggest fall in more than four yearsLast month, RBI had cut policy rates by 40 basis points, taking the key repo rate to its lowest ever 4%

In May, both fuel and manufactured price inflation turned negative due to falling crude oil prices and companies losing pricing power amid fall in demand, respectively

Retail inflation rose to 7.35% in December from 5.35% a month ago, according to dataIndia’s economic growth slowed to a six-and-a-half-year low of 4.5% in the September quarter

Subdued core inflation, an indicator of weakness in the economy, may offer RBI some comfortExpectations of a rate cut on 5 December are largely intact. Many economists are working with a 25 basis points (bps) interest rate cut

Bankers’ apprehensions of lending must be addressed before monetary policy responses can work

The govt today set up an 18-member working group for the revision of the current series of Wholesale Price Index.The revision of the base year would help in presenting a more realistic picture of the price situation and its impact on people, the govt said

IIP data and inflation rate are scheduled to be announced on WednesdayTrade war, dollar-rupee movement and crude oil prices likely to drive market this week