Perspective on CPI and IIP Data by Mr. Nish Bhatt, Millwood Kane International
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Below is Perspective on CPI and IIP Data by Mr. Nish Bhatt, Founder & CEO, Millwood Kane International
India’s Consumer Price Index (CPI) shot up to 7.79%, an eight-year high. This is for the fourth consecutive month that the retail inflation has remained above the 6% mark. Elevated food and crude prices have led to a spike in the inflation levels. On the IIP front, India witnessed a growth of 1.9 percent in March.
Recently the RBI checked the interest rates to curb inflation but there is a possibility to have another hike in the interest rates in the future to curb the inflation.
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