CPI inflation inches up to 9.75%

Retail inflation, measured by the Consumer Price Index (CPI), stood at 9.75% in the month of October 2012, marginally higher from 9.73% during the previous month.

The corresponding provisional inflation rates for rural and urban areas for October 2012 are 9.98% and 9.46% respectively.

Inflation rates (final) for rural and urban areas for September 2012 are 9.79% and 9.72% respectively.

The Wholesale Price Index inflation is expected to be released on Wednesday and would remain another crucial data point for the RBI in determining rate cut. The next monetary policy review is due in December.

Analysts expects that the RBI may continue to keep policy rates steady in its meeting on December 18.

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