Perspective on CPI & IIP Data by Mr. Nish Bhatt, Founder & CEO, Millwood Kane International
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Below the Perspective on CPI & IIP Data by Mr. Nish Bhatt, Founder & CEO, Millwood Kane International
"India’s CPI inflation in May 2024 eased to 12-month low of 4.75 per cent, though bit higher than the 4.31 per cent recorded in the year-ago month of May 2023. While India’s industrial production grew 5 per cent in April riding on robust growth of 6.7 percent in mining and 10.2 percent in electricity, over the corresponding month in the previous year.
With the government in place and the election anxiety subsiding, inflation should be contained thanks to the favorable monsoon forecast and probable increase in Kharif output.
But the uncertainties surrounding High Food Inflation and Crude Oil movements needs to be monitored as it can have adverse impact on household inflationary expectations."
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