May core inflation seen around 4.85%: Analysts
India's core wholesale price index rose an estimated 4.85% in May from a year earlier, according to three analysts surveyed by Reuters on Thursday, compared with a rise of around 4.9% in April.
June 14, 2012 / 12:59 IST
India's core wholesale price index rose an estimated 4.85% in May from a year earlier, according to three analysts surveyed by Reuters on Thursday, compared with a rise of around 4.9% in April.
Traders had previously said core WPI growth of 5% or below would likely cement expectations for a rate cut from the Reserve Bank of India on Monday.India earlier said headline WPI rose 7.55%, compared to analyst expectations for a 7.60% gain. Official statistics do not break out the core figure.Also ReadSensex falls 100 pts as May inflation trims rate-cut hopesExpert views on May inflation dataBSE Sensex, bonds fall after May inflation gainsInflation accelerates to 7.55% in MayMay inflation jumps to 7.5% vs 7.23% MoM Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
