CRISIL Research has come out with its report on inflation data for November 2011. The research firm do not expect a cut in CRR or repo rate in the monetary policy announcement.
WPI rose by 9.1 per cent in November as against 9.6 per cent a month earlier. Looking ahead, inflation will fall further as food inflation declines due to good arvest and slowing demand lowers core inflation. The pace of fuel inflation will depend on the impact of global slowdown on oil and other commodity prices. The continued depreciation of the rupee, however, will push up the imported component of inflation, at least temporarily. Overall, we believe, with a reasonable degree of confidence that WPI inflation will fall around RBIDiscover 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!
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