As expected, the CPI index for 12 months till january 2012 came to a respectable 7.654% as the survey ncludes 200 towns and over a 1000 villages, it is envisioned as replacing the current WPI series that does not include the impact of most services. 

CP-U (Urban ) was higher at 8.2% instead of the rural data of 7.38%. F&B is a sub index at 4.15%, so are fuel and Primary Articles ( clothing, bedding and footwear) at 13.13% and 12.43% respectively, the last figure beig something not apparent in the dragging of the WPI Primary Articles over a n extended comparison with companies not passing on cots to consumers in many categoreis,a nd the CPI data showing something radically away from that consensus opinion as expected by the Governor who rode over contrary opinion in the last two meetings to keep rates steady.

Posted via email from The India Investment Post