IMP-OST : 21st Jan, 2013
www.i-securesolutions.in : India’s December inflation eases to 7.2 percent, raising expectations of an interest rate cut
January 14, 2013,
Associated press
India’s inflation softened to 7.2 percent in December as lower core inflation offset higher food prices, raising expectations that the central bank will cut rates when it meets later this month.
India’s economy is on track to grow at its slowest pace in a decade this fiscal year, but high inflation has made the central bank wary of cutting interest rates to kickstart growth.
Core inflation, which excludes volatile food and energy prices, fell to 4.2 percent in December from 4.5 percent in November, according to the government figures released Monday.
India’s inflation softened to 7.2 percent in December as lower core inflation offset higher food prices, raising expectations that the central bank will cut rates when it meets later this month.
India’s economy is on track to grow at its slowest pace in a decade this fiscal year, but high inflation has made the central bank wary of cutting interest rates to kickstart growth.
Core inflation, which excludes volatile food and energy prices, fell to 4.2 percent in December from 4.5 percent in November, according to the government figures released Monday.
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