CPI and IIP numbers By Mr. Nish Bhatt, Millwood Kane International
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Below are Views On CPI and IIP numbers By Mr. Nish Bhatt, Founder & CEO, Millwood Kane International
‘It is a worry on both front, CPI after staying at 4% level for 2 months has risen to over 5% in the month of February. The rise in inflation is on account of elevated food, vegetable prices, core inflation at 5.88% is a concern. The rising crude price and its impact on retail fuel prices are a risk to inflation going forward.
After growth in December, the industrial production contracted in January mainly due to weakness in manufacturing and mining component, this despite progressive unlocking by government in most pockets of the country. This rising inflation and falling industrial production scenario are likely to have a bearing on the MPC meeting next month.”
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