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Data Preview - August CPI Inflation Seen At 5.82%; July IIP Likely To Grow: Nirmal Bang

Consumer price index inflation is likely to come in at 5.82% in August 2021.

<div class="paragraphs"><p>A customer counts Indian rupee banknotes at a stall at a vegetable wholesale market in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)</p></div>
A customer counts Indian rupee banknotes at a stall at a vegetable wholesale market in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)

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.

Consumer price index inflation is likely to come in at 5.82% in August 2021, slightly higher versus 5.59% in July 2021, reflecting elevated energy prices, increase in telecom tariffs, some amount of pass-through of higher raw material prices and increase in the cost of services.

Wholesale Price Index inflation is likely to moderate to 10.7% in August-21 from 11.2% in July-21.

The Index of Industrial Production is likely to grow by 12.5% YoY in July-21 after a 13.4% YoY rise in June-21.

IIP growth is moderating YoY due to a improving base, but the sequential momentum is expected to remain strong with the Markit manufacturing Purchasing Managers' Index standing at 55.3 in July-21, up from 48.1 in June-21.

Click on the attachment to read the full report:

Nirmal Bang Data Preview- August inflation-July IIP-1QFY22 current account 8 September 2021.pdf

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