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21 Aug, 2012 03:29 PM

Here's why you shouldn't get carried away by July CPI (Moneycontrol)

Here's why you shouldn't get carried away by July CPI (Moneycontrol)
Here's why you shouldn't get carried away by July CPI
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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