Quote on CPI numbers by Dr. Joseph Thomas, Emkay Wealth Management
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Below is quote on CPI numbers by Dr. Joseph Thomas, Head of Research, Emkay Wealth Management
“The CPI based inflation moderated to 5.59 % in July ’21 as against 6.26% for the month of Jun’21, indicating some amount of moderation in the retail inflation. The level is well within the RBI target range with the ceiling at 6%. Food price inflation has come down to 3.96 % in July, from 5.19% in June, and vegetable prices too have fallen quite a bit. Core inflation in July is reported at 6.00 % as against 6.20% in June. So, there is, overall some moderation , but it is too early to say that the inflationary pressures are transient, and that it may remain subdued hereafter. However, it is a fact that it takes some pressure away from policy making at least for the time being. This number may have little or no impact on the trajectory of market yields.”
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