CPI IIP Announcement: The good news on inflation was further accentuated by an increase in IIP to 4.2% in April Says Mr. Mohit Ralhan, TIW Capital
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Below Perspective on CPI IIP Announcement By Mr. Mohit Ralhan, Chief Executive Officer, TIW Capital
“At 4.25%, inflation continued to remain on a downward trajectory, reaching a 25-month low, driven by the decline in consumer food price inflation from 3.8% in April to 2.9% in May. A decline in oils & fats, vegetables, meat & fish prices more than offset any increase from cereals and spices. Fuel inflation also declined from 5.5% to 4.6% YoY. However, the core component still remains somewhat sticky. The good news on inflation was further accentuated by an increase in IIP to 4.2% in April, a significant improvement over the 1.1% level in March. Growth was led by a revival in the manufacturing and mining sectors. RBI is still likely to retain the pause on the interest rate at least till the time worries over the spatial and temporal distribution of monsoon. Overall, the domestic economy is looking increasingly under control and on the correct trajectory.” - Mr. Mohit Ralhan, Chief Executive Officer, TIW Capital
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