Coal news and updates

CPI rises to 5.69% in January y-o-y, pulses up 43%

The Consumer Price Index (CPI) or retail inflation inched up to 5.69% in January 2016 compared to January 2015. It was the highest since September 2015, making it the sixth straight monthly rise. In December 2015, inflation was 5.61% and in January 2015, 5.19%.

The inflation was led by a 43% jump in the prices of pulses, from 5.61% a month ago. However, it still remained within the 6% target set by the Reserve Bank of India (RBI) for the month.

Industry research body CRISIL’s Chief Economist Dharmakirti Joshi said that CPI numbers are as expected. This will now going to peak out and should remain in the RBI's comfort zone.

The company expected 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.