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WPI inflation falls to 42-month low of 4.7%

WPI inflation falls to 42-month low of 4.7%

Inflation as measured by the Wholesale Price Index (WPI) declined to a 42-month low of 4.7 per cent in May 2013 from 4.89 per cent in the previous month and 7.55 per cent in May 2012. The decline in the prices of manufactured items helped inflation to ease in May even as the price level of food articles rose. The prices of manufactured items declin

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Rangarajan expects inflation to ease to 6%

Rangarajan expects inflation to ease to 6%

Prime MinisterÂ’s Economic Advisory Council Chairman C Rangarajan expressed hope that inflation would ease to six per cent by the end of the next financial year. Although the increase in fuel prices and train fares could prevent headline inflation from moderating in the near term, in the long-run he expects inflation to trend down

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Treading the slippery path

Treading the slippery path

Efficiency enhancement through pricing and non-pricing methods is the need of the hour in meeting our energy adequacy. With India's energy efficiency estimated to be the fifth lowest in the world, there is a trem­endous scope to improve efficiency. Depend­ence on oil imports is expected to rise.