Ms. Bhupali Gursale, Economist – Angel Broking
"WPI inflation has decelerated substantially driven by easing of inflation in food articles. Food inflation has moderated to 13.7% from 19.9% in the previous month led by cooling vegetable prices and the normalization of their prices is likely to continue. At the same time however core WPI inflation has inched higher to 2.8% from 2.6% in November 2013 and core retail inflation remains stable at the elevated 8% level. Nonetheless, we continue to expect the RBI to hold monetary policy rates during its January 28 policy review in view of moderation in headline WPI and CPI inflation as well as continued sluggishness in growth."
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