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Comments on CPI data: CPI inflation print for May easing off to 4.25% is a positive surprise as core inflation Says Mr. Vivek Goel, Tailwind Financial Services
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Below Comments on CPI data By Vivek Goel, Joint Managing Director, Tailwind Financial Services
“CPI inflation print for May easing off to 4.25% is a positive surprise as core inflation also came down to 5.15% aided by favourable base effect. This was accompanied by similar positive data on the April IIP data coming in at 4.2% driven by pickup in manufacturing activity.
However, we remain cautious in building expectations for the timing of the rate cut cycle, as the risk of a weak monsoon remains along with sticky core inflation being above the RBI target of 4%.”
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