Perspective on CPI & IIP data By Mr. Nish Bhatt, Millwood Kane International
![](https://portfolio.investmentguruindia.com//uploads/news/Nish Bhatt, Founder & CEO, Millwood Kane International.jpg)
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Below The Perspective on CPI & IIP data By Mr. Nish Bhatt, Founder & CEO, of Millwood Kane International
"India’s industrial output, based on IIP, growth stood at a 16-month high of 11.7%. Its retail inflation in November came out to be 5.55%, as against 4.87% in October, primarily driven by vegestable prices. The food inflation which came in at 8.70% for November, as against 6.61% in October.
The 5.55% CPI inflation is far from the RBI’s medium-term target level of 4%, it is within the tolerance limit of 2-6%. However, its 50 months above the Reserve Bank of India's medium-term target of 4 percent.
Though India has strong domestic macros and has done a commendable job of containing inflation within reasonable levels, the Indian equity markets are presently enjoying a positive outlook. However moving forward, the Lok Sabha election in 2024, the impact of 10-year US bond yields, and geopolitical risk may have an impact on inflation in coming quarters."
Above views are of the author and not of the website kindly read disclaimer
![](https://portfolio.investmentguruindia.com/uploads/news/nitingadkari37.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/jul03v68_wcHr0zT.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/IT Sector03.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Bharti Airtel Ltd.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Dollar21.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Stock bull.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Dixon technologies Ltd.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/BHARTI HEXACOM.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Gv_India.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Apollo Tyres Ltd.jpg)
Tag News
![](https://portfolio.investmentguruindia.com/uploads/news/narendramode37.jpg)
We got mandate to make India third largest economy: PM Narendra Modi
![PE, VC investments reached $6.9 billion in May](https://portfolio.investmentguruindia.com/uploads/news/investment37.jpg)
![Quote on Union Budget announcement anticipated in July 2024 by Tarun Chugh, MD & CEO, Bajaj Allianz Life Insurance](https://portfolio.investmentguruindia.com/uploads/news/Tarun Chugh, MD & CEO, Bajaj Allianz Life.jpg)
![Expectations from Union Budget 2024 - Web3/Blockchain Sector by Shivam Thakral, CEO of BuyUcoin, India`s second-longest-running digital asset exchange](https://portfolio.investmentguruindia.com/uploads/news/Shivam Thakral, CEO of BuyUcoin.jpg)
More News
![](https://portfolio.investmentguruindia.com/uploads/news/e08d58d15c240a1895d36f75811c20f6.jpg)
Quote on Status-Quo MPC Decision: Eyes on US Job Data for Market Trends from Dr. V K Vijayak...
![Pre Monetary Policy Quote by Mr. Umesh Revankar, Executive Vice Chairman, Shriram Finance](https://portfolio.investmentguruindia.com//uploads/news/Umesh Revankar.jpg)
![Quote on GST April collection numbers by Gunjan Prabhakaran, Partner & Leader, Indirect Tax, BDO India](https://portfolio.investmentguruindia.com/uploads/news/Gunjan Prabhakaran.jpg)
![Comment on JLL Report : The value of residential sales in Mumbai is expected to cross INR 1 lakh crore in 2023 and go on to breach the INR 2 lakh crore mark in 2030 By Mr Ashwin Chadha, India Sotheby`s International Realty](https://portfolio.investmentguruindia.com/uploads/news/a4761b746a078fa0e5d53b61e623a05b.jpg)