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India Flash: WPI inflation steadied in December, supporting the case for a policy rate cut by the RBI

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Published on Monday, January 14, 2013 | Updated on Wednesday, June 18, 2014

India Flash: WPI inflation steadied in December, supporting the case for a policy rate cut by the RBI

India’s Dec WPI steadied at 7.2% y/y, as continued moderation in core and fuel prices offset a low base effect and higher food inflation. We expect WPI inflation to average 6.6% y/y in 2013.