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Indian inflation rises to +7.81% Y/Y in September from 7.55% in August and vs. consensus of...

Indian inflation rises to +7.81% Y/Y in September from 7.55% in August and vs. consensus of 7.75%, fueled by the government raising diesel prices by 14% to help get control of its increasing deficit. The wholesale price index +1.1% on month. The figures exacerbate the dilemma facing the RBI: how to rein in inflation against the background of slowing growth.
Comments (2)
  • Slow growth + Inflation are the inevitable consequences of suffocating regulations; endemic corruption; rising public debt that distorts resource allocation and the unrestrained printing of fiat currency.

     

    Most majoreconomies are on this trajectory but India seems more honest in admitting its inflation. China and the US disguise true consumer inflation via fraudulent methods and false statistics
    15 Oct 2012, 05:20 AM Reply Like
  • How to rein in inflation ... the RBI has that problem for all of its existence and still hasn't found a solution. The solution is very simple: STOP PRINTING MONEY. They will never stop printing money like there is no tomorrow but if they did, inflation will disappear.
    16 Oct 2012, 04:38 AM Reply Like
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