But it did revise the CPI inflation for March to 5.84 per cent from 5.91 per cent
The retail inflation based on Consumer Price Index (CPI) was 6.58 per cent in February 2020 and 2.86 per cent in March 2019
The weight for food and beverages components will decline from 46% to 39% in the new series
The index of industrial production (IIP) fell from a growth rate of 1.8 per cent, as the manufacturing sector slipped into negative territory again
Retail inflation rose sharply to 7.35 per cent in December 2019.
But MPC has reasons to not ignore headline inflation
The RBI cut rates by 135 basis points last year even as growth fell to a 10-year low in the second half of the fiscal year.
Onus of reviving growth will solely be on govt
The states that witnessed high CPI-based inflation rates were Lakshadweep, Tripura, Odisha, Uttar Pradesh, Kerala, Madhya Pradesh, Puducherry, Tamil Nadu, Rajasthan, Manipur and Mizoram
The RBI is expected to reduce its policy rate to 4.5% in this rate cycle, economists say
Food prices rose the fastest in 5 years for the month in villages
On a supplementary question on when outstanding dues to Andhra Pradesh will be released, Tomar gave an assurance that no pendency of dues relating to Andhra Pradesh would remain with his ministry.
The CPI food inflation rate rose to 5.11 per cent in September
The inflation calculator used to determine the dearness allowance (DA) for government employees is the consumer price index for industrial workers (CPI-IW)
Any measurement error in CPI is likely to have grave consequences for monetary policy
In an unequal world, the CPI reflects prices only for a small segment of the population who are close to the average