India grapples with inflation markers - 0 views

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  #1 india incorporated on 13 Jan 15

   

  Contradictory signals from industrial and inflation data has increased the speculation over when the Reserve Bank of India, the country's central bank, will cut interest rates to spur economic growth.
  
  The index of industrial production, which measures factory output expanded 3.8 per cent in November compared to a 4.2 per cent decline in October, indicating an incipient recovery in industrial activity in India.
  
  But consumer price index, which measures prices consumers actually pay at shop counters, grew at a faster 5 per cent in December compared to 4.4 per cent the previous month, thus, reversing a five-month old trend of declining inflation. 
  
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  <div class="cArrow"> </div><div class="cContentInner">Contradictory signals from industrial and inflation data has increased the speculation over when the Reserve Bank of India, the country's central bank, will cut interest rates to spur economic growth.<br /><br />The index of industrial production, which measures factory output expanded 3.8 per cent in November compared to a 4.2 per cent decline in October, indicating an incipient recovery in industrial activity in India.<br /><br />But consumer price index, which measures prices consumers actually pay at shop counters, grew at a faster 5 per cent in December compared to 4.4 per cent the previous month, thus, reversing a five-month old trend of declining inflation. <br /><br /><a title="Link: http://www.indiaincorporated.com/item/4194-india-grapples-with-inflation-markers.html" href="http://www.indiaincorporated.com/item/4194-india-grapples-with-inflation-markers.html" rel="nofollow">Read more...</a><br /><br />Visit us at: <a title="Link: http://www.indiaincorporated.com" href="http://www.indiaincorporated.com" rel="nofollow">www.indiaincorporated.com</a></div>

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