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WPI data released showed that inflation eased to 3.85% Says Mr. Vivek Goel, Tailwind Financial Services
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Below is View On WPI/CPI Data By Mr. Vivek Goel, Joint Managing Director, Tailwind Financial Services
Inflation data mixed with easing in WPI following an elevated CPI print
"WPI data released showed that inflation eased to 3.85% from January’s 4.73% recording lowest reading in 24 months. On the other hand, CPI inflation eased off slightly from January’s 6.52% to 6.44% which is still above the RBI ceiling of 6% tolerance.
Overall, easing in WPI might help corporate earning margins but from a policy perspective, CPI being the key index, the latest reading will keep policymakers on their toes with possibility of another rate hike in April. Further, the risk of global central bank’s policy remains amidst elevated inflation along with a fresh challenge on maintaining bank stability on the back of SVB fallout. The US Fed's March policy meeting will provide some clues to markets on their perspective in managing this crisis and can become important before the RBI's meeting as well"
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