CPI inflation pegged at 6.8-7.25% in June; IIP growth at 14.5-24% in May

According to MPC's own projections, the inflation rate may not come down below 6% on average before the fourth quarter of the current financial year

The retail price inflation may have stood in the range of 6.8-7.25 per cent in June against 7.04 per cent in the previous month, according to projections made by economists and experts. This is despite a slew of measures taken by the government to ease the price pressures.

On the other hand, industrial production growth is likely to have zoomed up by at least an 11-month high of 14.5-24 per cent in May against 7.1 per cent in the previous month. However, the climb would represent just a statistical illusion rather than a real growth. 

Both the numbers — the