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Will the real Indian inflation rate please stand up?

Record discrepancy between CPI and WPI clouds outlook for interest rates, spurs debate over RBI's policy target

Consumer price inflation accelerated to 5.4 per cent in June from a year earlier and is forecast to increase towards the central bank's 6 per cent target by January. Wholesale prices fell 2.4 per cent, having declined each month this year.


A RECORD discrepancy between India's two main measures of inflation has clouded the outlook for interest rates and spurred debate over the central bank's policy target.

Wholesale prices, at one time the main gauge, are falling - something that might have triggered a rate cut...

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