Data for CPI was exceptionally subdued as commentators on TV18 (Latha V and Sajid) attributed it to a higher base effect not backed by food price inflation. 

Urban series in CPI is slower yet above 10% at 10.1% from 10.4% and rural is yet inching up as a larger sign of undercurrents of unsatisfied inflation with rural CPI up to 9.65% as in the previous series

The net CPI is 9.86% in today's announcement another optimistic end after a 9.96% in june series data

Posted via email from The India Investment Post