The India Inflation report July 2012 (Addendum for CPI series)

Data for CPI was exceptionally subdued as commentators on TV18 (Latha V and Sajid) attributed it to a higher base effect not backed by food price inflation. 

Urban series in CPI is slower yet above 10% at 10.1% from 10.4% and rural is yet inching up as a larger sign of undercurrents of unsatisfied inflation with rural CPI up to 9.65% as in the previous series

The net CPI is 9.86% in today’s announcement another optimistic end after a 9.96% in june series data

 

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