Below is perspective on CPI IIP data By Mr. Nish Bhatt, Millwood Kane International
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Below is perspective on CPI IIP data By Mr. Nish Bhatt, Founder & CEO, Millwood Kane International
“ After hitting a 4-month high in March, the CPI inflation for the month of April eased to 4.29%, near the central point of the RBI target. The inflation figure is a result of the low base recorded last year, coupled with softening of food prices and stable fuel prices. The softening of inflation is a positive development for RBI, though the risk of inflation spike remains on the back of rising global commodity prices.
The IIP figure is purely a work on negative base recorded last year.”
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