The Commerce Ministry reported Headline Inflation for December 2012 as having risen 3.63 percent YoY, up from 2.74 percent in November. The CPI increased 0.39 percent MoM in line with higher prices for fresh foods – especially vegetables, fruit and food seasonings and condiments as well as oil prices. Headline Inflation for 2012 thus rose 3.02 percent.
2013 Inflation may be higher than the 2012 average due to the cost-push factor on higher operating costs (e.g., wages, raw materials, domestic fuel/LPG prices). Since consumption may soften somewhat from last year amid no new incentives, the passing-through of costs to consumer prices may be limited. Despite high inflationary pressure in December 2012, we at KResearch are maintaining our 2013 Headline Inflation projection at 3.0-3.6 percent (median at 3.3 percent, up from 3.02 percent in 2012). Meanwhile, 2013 Core Inflation may average 2.2-2.8 percent (median at 2.4 percent, higher than the 2.09 percent in 2012).
Enter the code from the poll
Annotation
This research paper is published for general public. It is made up of various sources. Trustworthy, but the company can not authenticate. reliability The information may be changed at any time without prior notice. Data users need to be careful about the use of information. The Company will not be liable to any user or person for any damages arising from such use. The information in this report does not constitute an offer. Or advice on business decisions Anyhow.