IGI Logo

Below are Views On CPI & IIP data By Mr. Nish Bhatt, Founder & CEO, Millwood Kane International

“The dual worry continues, the retail inflation has stayed above the 5% mark for two months post a brief cool-off in December and January month. The rise in CPI inflation is mainly due to high food prices. The core inflation is near the 6%-mark. Rising crude prices and supply-led disruption due to any lockdown may lead to a further rise in inflation. The central bank's commentary last week on tolerance towards rising inflation will keep sentiment in check.

Industrial output has de-grown for two months in a row, despite near-normal activities in February. Any major lockdown and mass migration of laborers due to a second wave poses a risk to industrial activities/output.”

Above views are of the author and not of the website kindly read disclaimer