India’s core inflation – a note

On March 19 2010, RBI increased interest rates before the official policy. The main reason was rise in inflation and inflationary expectations. Anchoring inflation expectations and containing overall inflation  have become imperative.  Headline WPI inflation on a year-on-year  basis at 9.9 per cent in February 2010 has exceeded our baseline projection of 8.5 for end-March 2010 […]