CPI Inflation At Four-Month High In March; IIP Contracts Faster In February: Motilal Oswal
BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Motilal Oswal Report
Consumer price index-based retail inflation came in at a four-month high of 5.5% YoY in March 2021 (versus 5% in February 2021 and 5.8% in March 2020).
This number is marginally higher than both our forecast and market consensus of 5.4%.
With this, CPI inflation in FY21 came in at 6.2%, a seven-year high.
Additionally, index of industrial production declined 3.6% YoY in February 2021 versus a fall of 0.9% YoY in January 2021.
The number was worse than both our expectation and market consensus of -3% YoY in February 2021.
Notably, IIP numbers for November 2020/January 2021 were revised from -2.1%/-1.6% to -1.6%/-0.9% YoY.
Click on the attachment to read the full report:
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.