Saturday, January 13, 2018

IIP, CPI accelerate, rate cut hope dashes

CPI retail inflation which had accelerated in November to a 15-month high of 4.88%, rose further to 5.21% in December, mainly due to hardening housing, fuel and food prices, while inching towards RBI’s upper tolerance level of inflation at 6 percent. RBI is unlikely to go for a rate cut in its next review meeting.

IIP has surprised analysts with the November figure coming in at a solid 8.4% higher than a year ago IIP had risen 5.1% y-o-y a year ago and a (revised) 2% in October.

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