Quote on IIP and CPI numbers by Joseph Thomas, Emkay Wealth Management
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Below are Quote on IIP and CPI numbers by Dr. Joseph Thomas, Head of Research - Emkay Wealth Management
IIP:
"The IIP too gives some broad indications of a rebound in economic activity with the reading for Dec 20 at 1 % as against - 2.10 % for Nov 20. What is significant is the pickup in both consumer durables and non- durables as also infra goods. While the general direction be of improvement in the reading, it may be too early to make any inference based on IIP numbers of a month of two"
CPI:
“The CPI has come down from 4.59 % in Dec 20 to 4.06% in Jan 21, indicating a consistent fall in the retail inflation in the last couple of months, owing to moderation in food inflation. Except for pulses food inflation has cooled down from 3.41% in Dec to 1.89% in Jan. Finally , the inflation rate has come well below the RBI's threshold rate, and this actually gives some relief to the markets on the immediate trajectory of interest rates. However , core inflation is perched at 5.70 , something that may take more time to move down. Likely pressures in future from escalating oil prices cannot be ruled out. But the more pertinent factor is that the immediate threat of the price level pressures may not be there before the policy makers.”
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