2023-09-13 10:02:44am | Source: TIW Capital
Quote on CPI and IIP Data : Inflation declined to 6.8% YoY in August from 7.4% in the previous month as food inflation moved lower says Mohit Ralhan, TIW Capital
Below Quote on CPI and IIP Data By Mohit Ralhan - Chief Executive Officer, TIW Capital
"Inflation declined to 6.8% YoY in August from 7.4% in the previous month as food inflation moved lower. Vegetable prices which had led to the higher reading in July declined 5.9% MoM. Cereals and pulses, the other major contributing categories, only saw a marginal rise sequentially. The food price index as a whole witnessed a sequential decline. Fuel inflation also remained in check despite rising global crude oil prices. The better-than-expected inflation data means that RBI will continue to hold the policy rate at its upcoming meeting. Core inflation hasn’t inched higher due to the transitory shock from vegetable prices. But the central bank will remain cautious given that global crude benchmark, Brent is holding above USD 90/bl, and rainfall has been less than normal in August"
Above views are of the author and not of the website kindly read disclaimer
Disclaimer:
The content of this article is for informational purposes only and should not be considered financial or
investment advice. Investments in financial markets are subject to market risks, and past performance is
not indicative of future results. Readers are strongly advised to consult a licensed financial expert or
advisor for tailored advice before making any investment decisions. The data and information presented
in this article may not be accurate, comprehensive, or up-to-date. Readers should not rely solely on the
content of this article for any current or future financial references.
To Read Complete Disclaimer Click Here
Latest News
Kedia Advisory Guar Report As On 13th November 2026 ...
Market Round-up 13th November 2026 by Motilal Oswal ...
Tata Motors Passenger Vehicles swings to loss in Q2 ...
India's installed power capacity rises to 560 GW, no...
India, Italy to launch new joint research call in 20...
Europe sees India-EU FTA opening doors for Indian st...
Dhaniya Doubles in a Year 12 November 2026 by Amit G...
Portable Wi-Fi Hotspots: Are They Worth Buying?
Varun Dhawan spends quality time with daughter Lara ...
Shilpa Shetty decodes modern relationships, talks si...
Tag News
Government invites suggestions on report to measure productive knowledge as driver of econom...
Bank Credit to NBFCs Surges 41.8% to Rs 22.5 Lakh Crore; NBFCs Account for 18% of Fresh Bank Credit: CareEdge Ratings
Traditional monetary policy losing effectiveness amid prolonged supply shocks: CEA V Anantha Nageswaran
Quote on Inflation Data and Upcoming MPC Rate Decision by Rajeev Sharan, Head of Research, Brickwork Ratings
