Thursday, April 19, 2012

Inflation still hurting Indian consumers

                                          Data source: Ministry of Statistics & Programme Implementation
                                                                                     *with 2010 as base year

Indian corporates may have something to cheer about after the Reserve Bank of India (RBI) cut key policy rates earlier during the week. But it will be a big mistake if Indian consumers take that as an indication of easing inflation. Unfortunately, the monster of inflation has again raised its ugly head. As today's chart of the day shows, the latest consumer price index (CPI) data for both urban and rural consumers has rise steadily over the last three months.

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