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Home » Here's why you shouldn't get carried away by July CPI (Moneycontrol)
21 Aug, 2012 3:29p.m.
The consumer price inflation (CPI) for the month of July stood at 9.86%. But, this figure according to CNBC-TV18's banking editor Latha Venkatesh is a not good enough to rejoice despite it slippling below 10% for the first time after few months.
She explains why:
9.86% is not terribly good enough because this time the base was excellent. July of 2011 was a particularly high CPI number, the fuel and food prices shot up at that time. So, the month-on-month increase over the past three-four months has been 1.2%.
Read more : http://www.moneycontrol.com/news/economy/heresyou-shouldnt-get-carried-away-by-july-cpi_747441.html
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