Fairval

Notes on Indian equities, sectors and economy

WPI below 6% for Mar31, as predicted

Posted by fairval on April 14, 2007

On March 23, this blog had written that Inflation will end FY07 below 6% (see post). This is precisely what has happened. Inflation stood at 5.74 per cent during the last week of 2006-07 against 6.39 per cent a week ago.

This reinforces my belief that ET Commodity Index is an excellent lead indicator to WPI. Economists would do well to track this index as closely as they do WPI

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