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Last Updated : Dec 14, 2015 12:05 PM IST | Source: CNBC-TV18

Nov CPI seen inching higher at 5.38%; WPI at -2.5%: Poll

November's expected CPI is likely to inch around 5.38 percent due to base effect of a lower October CPI (3.3 percent).


The November Consumer Price Index (CPI) data that will be released today is expected to inch up as opposed to October. The consumer inflation has been rising for the past three months from 3.7 percent in July 2015 to 5 percent in October of 2015. November's expected CPI is likely to inch around 5.38 percent due to base effect of a lower October CPI (3.3 percent).


The core CPI is likely to come between 4.41 to 4.62 percent. Now the reason why we are expecting this inch up to continue will be one because of the base impact the CPI November of 2014 was 3.3 percent and food inflation was around 1.2 percent so because of that additionally because of pulses inflation which could possibly contribute or continue to rise would be one of the key reasons or the constituents in terms of what we could expect for the CPI data to inch up.


Higher food inflation triggered by rising pulse prices too will weigh in on the CPI inflation. October pulses' inflation stood at an elevated 42 percent and for April to October it stood at around 25 percent.

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Meanwhile, November wholesale price index (WPI), estimated at -2.5 percent, it is expected to decline for the 13th consecutive month. The core WPI is expected to decline to -1.7 versus a -2.6 percent fall in October.

 

First Published on Dec 14, 2015 08:35 am
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