Reaction quote on IIP & CPI data By Raghvendra Nath, Ladderup Wealth Management Private Limited
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Below the Reaction quotes on today’s IIP & CPI inflation data Raghvendra Nath, Managing Director, Ladderup Wealth Management Private Limited
“The CPI has been rising due to sticky food inflation. The availability of vegetables (particularly tomatoes, potatoes, and onions) and cereals has been impacted by irregular monsoons and sporadic dry spells. In response to the over 94% spike in onion prices over the past year, state officials have already encouraged farmers to enhance onion cultivation. Interest rates are expected to remain unchanged since core inflation has stabilized.”
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