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Published on 15/09/2020 9:34:48 AM | Source: PR Agency

Quote on behalf of ITM Group of Institutions Ministry of Statistics and Programme Implementation released the CPI numbers, By Prof Krupesh Thakkar, ITM B-School

Posted in Expert Views| #Economy #Expert Views #CPI

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Below is the Quote on behalf of ITM Group of Institutions Ministry of Statistics and Programme Implementation released the CPI numbers By Prof Krupesh Thakkar, CFA, Head of the Department - Financial Markets, ITM B-School

“The India combined CPI for August 2020 has come  at 6.69% against 6.73% in July 2020 against estimated 6.9%. Though the CPI went up by 0.5% monthly, the favourable higher base impact has resulted in yearly inflation seemingly being lower. Like July, the higher prices of food articles (up 0.6% on m-o-m basis ) has contributed to inflation. The puzzling scenario of industrial production going down and inflation going up will normalise going forward as the recent inflation has been high owing to supply disruption in food articles (due to heavy rain in some parts). Accordingly, RBI should continue to  maintain its status quo on interest rates.-Prof Krupesh Thakkar ,CFA-Head of Department (Financial Markets).”

 

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