Skip to main content

MoneyWorks4Me

Just In: March WPI snaps three months easing trend; comes higher at 5.70%

15 Apr 2014 Evaluate

Snapping a three-month easing trend which would will give the Reserve Bank of India (RBI) less scope to support the economy amid fresh signs of slowdown, the annual rate of inflation, based on monthly WPI, edged higher to 5.70%, from multi month low at 4.68% (provisional) in month of February, 2014, as compared to 5.65% during the corresponding month of the previous year. The figures were significantly higher than street expectation of 5.2% figure. Additionally, January inflation figures were revised upwards to 5.17% against 5.05% earlier. Meanwhile, build up inflation rate in the financial year so far was 5.70% compared to a build up rate of 5.65% in the corresponding period of the previous year.