Saturday, 1 February 2014

A Comment on RBI targets core inflation by hiking Rates

My Comment on an article "RBI is targeting core inflation by hiking rates: Nand Kumar Surti, JPMorgan AMC"
published in the Economic Times dated 31/01/2014 at 10:45 pm.

"How can we predict at better results for CPI on the base of current food prices?

Is it mere vegetable prices that decide CPI index?

Main food grains like rice, wheat and pulses, vegetable oils, etc. are far reachable to common man. Unless these prices are brought down, the economy is not in a good position from common man's point of view. So much is to be done by our policy makers to bring position under control."

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