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    <title>WPI Inflation Shows Sign of Receding fell to 5.98% during 2013-14 Food Inflation Remains High Wholesale and Consumer Price Inflation expected to Decline</title>
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    <description>WPI and CPI inflation moderated during 2013-14 while food inflation remained elevated, driven by fruits and vegetables and egg, meat and fish. Non Food Manufactured Product inflation stayed benign, suggesting limited broad based pressure. External factors and a possible sub normal monsoon posed risks. Monetary policy shifted from easing to temporary tightening amid exchange market volatility, followed by calibrated normalisation and a policy rate increase to anchor inflation expectations, with liquidity managed through OMO, repo, MSF and variable rate term repos to safeguard financing conditions.</description>
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