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