Perspective on CPI IIP Data By Mr. Nish Bhatt, Millwood Kane International
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
Below is perspective on CPI IIP Data By Mr. Nish Bhatt, Founder & CEO, Millwood Kane International
“ After a fall in retail inflation for a few months, the CPI inflation has risen to 4.48% in October. The rise in inflation is a negative surprise, but this is still the fourth consecutive month that the CPI has remained in the RBI's target range. The rise in food and vegetable prices is primarily responsible for the rise in inflation. Core inflation above 6% is a cause of concern as we head for the next RBI policy in December.
The industrial production growth that fell to a single digit is worrying, largely it is the supply side issues that led to this fall. Mining, consumer durables showed degrowth despite the festive season demand. We may witness a recovery in industrial production as the situation normalizes further.
Inflation across the globe is on a rise, despite this, the RBI is likely to stay put on key rates in their next policy meeting as the current inflation trend may be transient.”
Above views are of the author and not of the website kindly read disclaimer
