It is a double delight as the January CPI inflation has stayed below the 6% Says Mr. Nish Bhatt, Millwood Kane International
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Below is Perspective on CPI & IIP data by Mr. Nish Bhatt, Founder & CEO, Millwood Kane International
“It is a double delight as the January CPI inflation has stayed below the 6% mark for two months in a row. The fall is largely due to the softness in the vegetables and food inflation. But the core inflation is a cause of concern as it has remained above the 6% mark. The effects of rising rates have started to reflect in the overall inflation data.
The IIP on the other hand stood at a higher single digit; most components posted a growth. This set of economic data will certainly help as we approach the Union Budget and the RBI policy next month. Overall it looks like the central will be comfortable pausing after a slight hike in February given the current situation.”
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