June WPI inflation unlikely to move the needle on policy rates at RBI’s July 30th meeting
Published on Monday, July 15, 2013 | Updated on Friday, June 17, 2016
June WPI inflation unlikely to move the needle on policy rates at RBI’s July 30th meeting
Summary
India’s WPI inflation edged up in June although at a lower-than-expected pace of 4.9% y/y (consensus: 5.0%; prior 4.7%) as higher food inflation and a pick up in input prices offset easing demand pressures.
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Authors
Sumedh Deorukhkar
BBVA Research - Senior Economist