Printable View
HI friends as we have seen that inflation rate in India is going high in October 2013 than that of September 2013 due to stubbornly high food prices, The forecast Data shows annual consumer inflation at 9.9% in October 2013, up slightly from September 2013, and figures are expected to show wholesale inflation running at an eight-month high of 6.90 percent, according to economists polls in India.
The entire Indian economy will remain in a turmoil situation till the formation of the next Government due to very practical purposes, which needs no elaboration
Inflation eroding savings of Indians in metros – Saving rates dropped by 40% in last 3 years, ASSOCHAM Survey!
RBI is unlikely to cut rates despite fall in inflation
Even though the headline retail inflation has eased to a five-year low of 6.5 percent in September, analysts today said the Reserve Bank is unlikely to cut its key rates in the remaining period this fiscal. "We believe that the RBI will remain on hold for the rest of this fiscal," ratings agency Crisil said in a note, citing factors like the continuing upward risks to the 6 percent target for January 2016 that will make a rate reduction difficult.
Yes this is going to be stable if the government and foreign investment is going to be good.
At present CPI is 5.91%. The inflation is based on consumer price index.