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Just In: December WPI eases more than street’s expectation at 6.16%

15 Jan 2014 Evaluate

Offering some more relief to the policy makers, India's main inflation gauge, based on monthly WPI, cooled more than expectations at 6.16% for the month of December as against 7.52% (Provisional) for the previous month of November. This figure was way lower than street’s expectations of 7% figure. However, October inflation has been revised upwards to 7.24% against 7% earlier.