The government revealed today that the consumer price index (CPI) for the month of November 2016 has seen a decrease of 3.63% compared to 4.20% seen in October. The CPI was 5.41% in the same month the previous year.
In line with our expectations, CPI inflation inched up in March, though WPI inflation eased a bit. Considering the significant gap between retail and wholesale inflation even now, it remains to be seen whether the former will move up further, despite wholesale inflation coming down.