2024-09-13 01:49:13 pm | Source: Millwood Kane International
Perspective on CPI & IIP Data by Mr. Nish Bhatt, Founder & CEO, Millwood Kane International
Below the Perspective on CPI & IIP Data by Mr. Nish Bhatt, Founder & CEO, Millwood Kane International
“The August retail inflation has marginally risen to 3.65% if compared MoM, the gain is largely due to food inflation that has risen to 5.66%. The retail inflation print below 4% is also due to a higher base. July industrial output at 4.8% is largely due to manufacturing growth. The acceleration is retail inflation though moderate will have a bearing on the MPC meet next month. A good monsoon season overall will help ease the food inflation going forward. Largely, the central bank is expected to ease rates from CY25 onwards”
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