Retail inflation figures have once again brought in macro cheer for the Indian economy as CPI eased further in November and rising merely 2.33% yoy. On the other hand, the index of industrial production (IIP) in October zoomed 7.9% yoy.
CPI in November rose 2.33% vs. 3.31% in October, predominantly owing to a fall in food prices (-2.61%). Meanwhile, IIP grew 8.1% yoy in October 2018, significantly higher than September's IIP growth of 4.5% yoy, mainly owing to the capital and infra goods push.
Key Highlights - CPI:
Consumer food price inflation fell 2.61% yoy
Fuel and light prices rose 7.39% yoy
Housing prices rose 5.99% yoy
Clothing and footwear prices increased +3.53% yoy
Food and beverage prices declined 1.69% yoy
Key Highlights - IIP:
Manufacturing output rose 7.9% yoy
Electricity rose 10.8% yoy
Mining grew 7.0% yoy
Capital goods production surged 16.8% yoy
Infrastructure and construction goods increased 8.7% yoy
CPI in November rose 2.33% vs. 3.31% in October, predominantly owing to a fall in food prices (-2.61%). Meanwhile, IIP grew 8.1% yoy in October 2018, significantly higher than September's IIP growth of 4.5% yoy, mainly owing to the capital and infra goods push.
Key Highlights - CPI:
Consumer food price inflation fell 2.61% yoy
Fuel and light prices rose 7.39% yoy
Housing prices rose 5.99% yoy
Clothing and footwear prices increased +3.53% yoy
Food and beverage prices declined 1.69% yoy
Key Highlights - IIP:
Manufacturing output rose 7.9% yoy
Electricity rose 10.8% yoy
Mining grew 7.0% yoy
Capital goods production surged 16.8% yoy
Infrastructure and construction goods increased 8.7% yoy
No comments:
Post a Comment