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ANALYSIS

Spike in food prices may push CPI inflation further to 4.2-4.6%

    Radhika Merwin
    BL Research Bureau
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CPI inflation steadily going up in the past two to three months, would have not caused so much pain, had it not been for the sharp increase in food prices. The RBI had revised its CPI inflation target for the second half of the current fiscal to 4.2-4.6 per cent in the October policy, from 3.5-4.5 per cent earlier, citing an increase in crude oil prices and HRA increase under the Seventh Pay C...
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