Sep CPI at 7.34%, Aug IIP at -8%; experts discuss
Consumer inflation for September was 7.34 percent, compared to a forecast of 6.9 percent based on a CNBC-TV18 poll. Factory output for August, as a measure of Index of Industrial Production (IIP) came in at -8 percent against a CNBC-TV18 poll average of -6.4 percent.
Consumer inflation for September was 7.34 percent, compared to a forecast of 6.9 percent based on a CNBC-TV18 poll. Factory output for August, as a measure of Index of Industrial Production (IIP) came in at -8 percent against a CNBC-TV18 poll average of -6.4 percent.
Indranil Pan, Chief Economist of IDFC First Bank, DK Joshi Chief Economist at CRISIL, Jayesh Mehta Managing Director and Country Treasurer of Bank of America and Sameer Narang, Chief Economist at Bank of Baroda (BoB) discussed the implications of these readings.
“It is a shocker, but I am not sure whether it will have any implications in terms of either the Reserve Bank of India (RBI) policy going forward or even in terms of the interest rate dynamics in the months ahead,” said Pan.
Narang said the average consumer inflation for this fiscal was likely to be over 5 percent and next year, it was expected to remain upwards of 4 percent.
Joshi noted that risks to any inflation forecast was on the upside.
First Published: Oct 12, 2020 6:44 PM IST
Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!
Lok Sabha elections 2024: BJP's bid for breakthrough in Kerala is an uphill battle, say experts
Apr 23, 2024 9:53 PM
2024 Lok Sabha Elections | PM's Rajasthan speech — has it anything to do with the post-poll mood of the first phase
Apr 23, 2024 3:45 PM
It's KGF 2024 and here's a look at the key characters in Karnataka
Apr 23, 2024 3:17 PM
JP Morgan: Nifty may test 25,000 if BJP wins in 2024 Lok Sabha elections
Apr 23, 2024 2:23 PM