India Inflation – Headline down – Core still inching up
Headline WPI inflation in December decelerated sharply to 7.47% from 9.11% in November, the softest print since December 2009. The headline print was lower on account of a favorable base and sharp decline in food inflation (down 3.1% m-o-m). However, demand side price pressures continues to persist as reflected in the 0.6% m-o-m rise in manufactured products inflation to 7.41%.
Manufactured products inflation showed little (more…)