Coal news and updates

CPI marginally up to 5.61% in December y-o-y

The Consumer Price Index (CPI) or retail inflation inched up to 5.61% in December 2015 compared to December 2014. It was the highest since September 2015, making a fifth straight monthly rise. In November 2015, inflation was 5.41% and in December 2014, 4.28%.

Industry experts are eyeing a rate cut from the RBI and the current economic indication also supports the platform for a rate cut. However, industry research body CRISIL expects that the RBI will keep policy rates unchanged unless inflation surprises on the downside. The company expects that the CPI would moderate further to 5.2% in fiscal 2017. It is done with the assumption that there would be a normal monsoon and food prices would come down. On the other hand, non-food inflation would also be checked.

Source: ICMW