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"WPI Inflation May Gradually Rise"

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March 12: Yet another El Nino situation could be developing and it is raising fears of weak rains this year. CARE Ratings’ Madan Sabnavis and Symet’s Jatin Singh speak to Bloomberg TV India about the same. Though Sabnavis believes that CPI inflation is going to start gravitating downwards, he sees core inflation rising going forward. Further he adds, “The discord between agricultural produce and prices has been due to a steady rise in minimum support price (MSP) every year.”